General Investments - Policy

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1. Purpose and Objectives

The objective of this policy is to ensure the University’s general investment activities are undertaken in compliance with legislative requirements, and controls and guidelines prescribed by the Finance Committee.

2. Definitions, Terms, Acronyms

No entries for this document.

3. Policy Scope/Coverage

This policy applies to all general investments undertaken by The University of Queensland. General investment activities may include investments that are deemed necessary in establishing an interest, as a shareholder, partner or joint venture, in research projects or entities, or for the commercialisation of such.

Excluded from this policy are investments made under the University’s Managed Investment Portfolio. Refer to PPL 9.20.03 Managed Investment Portfolio.

4. Policy Statement

The University may acquire an equity interest in research or commercial endeavours, so as to support or enable their commercialisation or for strategic purposes.

5. General Provisions

5.1 Investment approval

The University will invest funds pursuant to the provisions contained within the Statutory Bodies Financial Arrangements Act 1982.

Approval delegations for investing in new or existing entities and effecting changes in existing investments are contained in Section 5.4 of this policy.

5.2 Board representation

A University employee may act as a board member for an entity in which an interest/investment is held.

Appointment of an employee of the University to the board of an entity in which it has or will have an equity interest must be approved by the University’s Public Officer, presently the Chief Operating Officer.

5.3 Voting powers

Where the University is required to vote on:

  • resolutions proposed by the entity; or
  • proposed board member appointments;

such voting will be carried out at the discretion of the Public Officer, presently the Chief Operating Officer.

5.4 General investments - approval delegations and reporting

Chief Financial Officer Mr Andrew Betts
Chief Financial Officer Mr Andrew Betts