Policy and frameworks

12.1

Determine and authorise the release of policy and procedures on investment of University monies

CFO, VC, Chair Finance Ctee

New

Investment of funds

12.2

Place/withdraw investments on the Official Short-Term Money Market

Treasury Mgr, Investment Mgr, CFO, VC

1446/1998 4.11

12.3

Buy, sell and subscribe for Cth Bonds and Treasury Notes

1446/1998 4.11

Up to $5m

Treasury Mgr, Investment Mgr

No limit

CFO, VC

12.4

Buy, sell and subscribe for public and private sector registered first-charge debentures, mortgages, inscribed stock and semi-govt stock

1446/1998 4.11

Up to $5m

Treasury Mgr, Investment Mgr

No limit

CFO, VC

12.5

Place/withdraw investments in negotiable certificates of deposit and interest-bearing bank deposits

1446/1998 4.11

Up to $5m

Treasury Mgr, Investment Mgr

No limit

CFO, VC

12.6

Place and withdraw investments in promissory notes, floating rate notes and letters of credit

1446/1998 4.11

Up to $5m

Treasury Mgr, Investment Mgr

No limit

CFO, VC

12.7

Buy and sell accepted bank bills

1446/1998 4.11

Up to $5m

Treasury Mgr, Investment Mgr

No limit

CFO, VC

12.8

Buy and sell listed fixed interest securities

New

Up to $5m

Treasury Mgr, Investment Mgr

No limit

CFO, VC

12.9

Enter into agreements for lending or replacement or repurchase of Cth and semi-govt’al securities

1446/1998 4.11

Up to $5m

Treasury Mgr, Investment Mgr

No limit

CFO, VC

12.10

Place and withdraw currency hedges in line with approved investment strategy

Treasury Mgr, Investment Mgr, CFO, VC

New

12.11

Buy and sell overseas AAA-rated sovereign debt

New

Up to $3m

Treasury Mgr, Investment Mgr

No limit

CFO, VC

12.12

Buy, sell and subscribe for convertible notes

Investment Mgr, CFO, VC

1446/1998 4.11

12.13

Buy, sell and subscribe for equity securities and options

1446/1998 4.11

Up to $3m

Investment Mgr

No limit

CFO, VC

12.14

Buy, sell and subscribe units in property trusts listed on the Australian Stock Exchange

New

Up to $3m

Property Mgr, Investment Mgr

No limit

CFO, VC

12.15

Place and withdraw funds from overseas fund managers in line with approved investment policies and strategies

Treasury Mgr, Investment Mgr, CFO, VC

New

12.16

Buy, sell and subscribe for securities in alternative investments in line with approved strategy

Property Mgr, Investment Mgr, CFO, VC

New

12.17

Place/withdraw investments in interest-bearing deposits with institutions approved at law for trust investments

Property Mgr, Treasury Mgr, Investment Mgr, CFO, VC

1446/1998 4.11

12.18

Determine investment type for all University funds

Investment Mgr, CFO, VC, Chair Finance Ctee

New

12.19

Authorities related to purchase, sale, refurbishment, development and management of investment properties:

a

Buy and sell property

CFO, VC, Chair Finance Ctee

New

b

Execute contracts for the management of real property, after legal advice

Property Mgr, Investment Mgr, CFO, VC

1446/1998 4.11

c

Lease real property

Property Mgr, Investment Mgr, CFO, VC

1446/1998 4.11

d

Authorise repairs and maintenance to real property

1446/1998 4.11

Up to $10,000 per transaction

Property Mgr

Up to $50,000 per transaction

Investment Mgr

No limit

CFO, VC

e

Authorise capital improvements to real property

1446/1998 4.11

Up to $100,000 per transaction

Property Mgr

Up to $250,000 per transaction

Investment Mgr

No limit

CFO, VC

f

Approve rental adjustments on real property

Property Mgr, Investment Mgr, CFO, VC

1446/1998 4.11

g

Authorise statements for solicitors on purchase and sale of real property

Property Mgr, Investment Mgr, CFO, VC

1446/1998 4.11

h

Approve appointment of individual consultants as required

New

Up to $30,000 per consultancy

Investment Mgr

No limit

CFO, VC

12.20

Appoint overseas fund managers

Investment Mgr, CFO, VC

New

12.21

Approve the appointment of members of the Investment Advisory Committee

VC, Chair Finance Ctee