(1) The Investment Sub-Committee is established as a Sub-Committee of the Finance and Infrastructure Committee of the Council of the University of New England (the Sub-Committee), with delegated authority for a number of Council functions in relation to the management of University investments. (2) The establishment of this Sub-Committee and the delegation of Council powers to it are actions authorised under Section 17 of the UNE Act. The provisions of this document take effect as a Council Rule made under Section 29 of the UNE Act. (3) Provide advice to the Finance & Infrastructure Committee and Vice-Chancellor on the management of University investments with particular reference to: (4) The members of the Sub-Committee are as follows: (5) Official attendees: (6) Other: (7) Elected members of the Sub-Committee will be elected by Council at a Council meeting. (8) Council members will be Sub-Committee members for two (2) years or such other time as determined by Council, or until they cease to be a Council member, whichever occurs first. (9) The co-opted external members (if applicable) will be Sub-Committee members for two (2) years or such other time as determined by Council, or until they resign or are removed by Council, whichever occurs first. (10) The co-opted Council members (if applicable) will be Sub-Committee members for two (2) years or such other time as determined by Council, or until they cease to be a Council member, whichever occurs first. (11) The Sub-Committee will elect the Chair. The Chair will hold office for the remainder of their term on the Sub- Committee, or until removed by the Sub-Committee, whichever occurs first. If the Chair is unavailable to act as Chair for any period then the Sub-Committee will elect a temporary Chair to act during that period. (12) The objective will be to ensure, so far as is practicable, that the membership of the Sub-Committee includes the following gender representation: (13) The functions of the Sub-Committee are as follows: (14) This Sub-Committee has delegated authority from the UNE Council to perform on behalf of Council the approval, advice and monitoring functions set out in the terms of reference above and all matters ancillary to those functions. (15) The Chair of the Sub-Committee will report to the Finance and Infrastructure Committee regularly on the business conducted by the Sub-Committee. (16) The Sub-Committee will meet on an ad-hoc basis as determined by the Chair. Sub-Committee members should be given at least seven days' notice of meeting, or such shorter notice period as is practicable where the matter is urgent. (17) Unless the Chair directs otherwise, Sub-Committee business papers will be distributed to Sub-Committee members and official attendees, at least seven days prior to the meeting, or such shorter period as is practicable in the circumstances. Business papers must be treated confidentially by recipients. Any external disclosure of business papers should be made via the University Secretary. (18) A quorum shall consist of a simple majority of the members of the Sub-Committee at the time the meeting is held. (19) For its business papers, meetings and otherwise to conduct its business the Sub-Committee and its members may use technology including telephone, video-conferencing, telepresence, email and internet as arranged by the Chair and/or University Secretary. (20) The Sub-Committee may pass a resolution by "flying minute" provided that the resolution has been approved by a simple majority of the Sub-Committee members at the time the resolution is made. (21) Draft minutes will normally be circulated to members for comment promptly after each meeting. Next the minutes (with any necessary changes) will be circulated for adoption by the Sub-Committee. The minutes will be finalised and adopted when they have been approved by a majority of the members present at the relevant meeting. Alternatively, the minutes may be included in the business papers for the next Sub-Committee meeting and considered/adopted by the Sub-Committee at that meeting. (22) Once every twelve-month period, the Sub-Committee shall review its performance against its stated objectives, consider whether the Sub-Committee should remain in existence, and report on these matters to the Council. (23) The University Secretary and/or nominee will act as secretary and provide administrative support to the Sub-Committee. (24) Words and phrases used in this document have the following meanings, unless the context requires otherwise: (25) This document should be interpreted using the following principles:Terms of Reference (Council Approved) - Investment Sub-Committee
Section 1 - Overview
Introduction
Objectives of the Sub-Committee
Top of PageSection 2 - Sub-Committee membership
Membership
In attendance
Election procedure for elected members
Term of office
Chair
Gender representative objectives
Top of PageSection 3 - Terms of Reference
Top of Page
Section 4 - Delegations
Delegation from Council
Section 5 - Conduct of Sub-Committee business
Reporting to Finance and Infrastructure Committee
Meetings
Business papers
Quorum
Use of technology
Resolutions
Confirmation of minutes
Self-Review
Secretary to Sub-Committee
Section 6 - Definitions and interpretation
Definitions
Interpretation
View Current
This is not a current document. It has been repealed and is no longer in force.
however it operates as a delegation of certain authorities that have been retained by Council.