report by members of the university council · southern cross university and its controlled...
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Report by Members of the University CouncilThe Members of Southern Cross University present their report on the consolidated entity consisting of Southern Cross University and the entities it controlled during the year ended 31 December 2009.
Members of the University CouncilThe following persons were members of Southern Cross University Council during the whole of the year and up to the date of this report.
Chancellor and Chair of CouncilThe Hon John Robert Arthur Dowd AO QC
Deputy Chancellor and Deputy Chair of CouncilDavid Vincent Cody OAM MB BS(Syd), PhD(SCU), FRACP, FCSANZ, FACC, FAHA, FAFRM
Vice ChancellorProfessor Paul Ernest Clark BSc(Hons), PhD(Exe), DipEd(Tert)(Monash), FAIP, FIICA (January to August 2009)
Vice ChancellorProfessor Peter Lee BE(Chemical)(RMIT), PhD(Monash) (From August 2009)
Other MembersWarren Albert Grimshaw AM, BBus(NSWIT), ASTC Glenn Davey Ronald J. Dowell GradDipOD(RMIT), MBus(VUT) Irene Harrington Peter Lewis BTch, Bed, MMgmt(UTS), MAICD Neville NewellAssociate Professor Sharon Parry BBSc, DipEd, PhD(LaT) Janelle Anne Saffin MP DipT(NRCAE), BLegS(Macq) John B Shanahan MCom(Hons)(NSW), FCA, MAICD, SF Fin Margot Ruth Sweeny BBus(NRCAE), MEc(NE), CPA, ACS, SIA(AFF) Trevor Stanley Wilson BSc(Griff) Susan Christie (resigned 17 March 2009) Toni Ledgerwood
Chair of Academic BoardProfessor Jim Jackson BCom, LLB(UNSW), LLM(Hons)(Syd), GradDipEd(Tertiary)(DDIAE), PhD(Syd)
Council SecretaryMalcolm Hugh Marshall BA(CCAE), MBA(CQU), CPA
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Meetings of MembersThe numbers of meetings of the Members of Southern Cross University Council and of each Council Committee held during the year ended 31 December 2009, and the numbers of meetings attended by each member are given in the tables below:
Members Council Extraordinary Council
Combined Council
Meetings Meeting MeetingsA B A B A B
J R Dowd AO QC 6 6 1 1 2 2P E Clark 4 4 1 1 2 2D V Cody OAM 6 6 1 1 2 2S Christie 0 1 0 1 0 0G Davey 2 2 0 1 1 2R J Dowell 6 6 1 1 2 2W A Grimshaw AM 4 4 1 1 2 2I Harrington 2 2 1 1 0 2J Jackson 6 6 1 1 2 2T Ledgerwood 6 6 1 1 2 2P Lee 2 2 0 0 1 1P Lewis 5 5 1 1 1 2N Newell 5 5 1 1 1 2S Parry 6 6 0 1 2 2J A Saffin MP 4 4 1 1 2 2J B Shanahan 6 6 1 1 2 2M R Sweeny 5 5 1 1 2 2T S Wilson 6 6 1 1 2 2
Members Meetings of CommitteesChancellor’s Audit Finance Special
FinanceA B A B A B A B
J R Dowd AO QC 4 4 2 4 2 2P E Clark 3 3 4 4 3 3 2 2D V Cody OAM 4 4 4 5 1 2G DaveyR J Dowell 4 5 2 2W A Grimshaw AM 2 4 2 5 1 2I HarringtonJ Jackson 4 4 4 5 2 2T LedgerwoodP Lee 1 1 2 2 2 2 0 0P Lewis 1 5 1 2N Newell 3 4S ParryJ A Saffin MP 1 5 2 2J B Shanahan 4 4 5 5 2 2M R Sweeny 4 4 5 5 2 2T S Wilson 4 4
A = Number of meetings attended
B = Number of meetings held during the time the member held office or was a member of the committee
during this year.
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Members Meetings of Committees continuedGovernance Honorary
AwardsNominations Remuneration Risk
ManagementA B A B A B A B A B
J R Dowd AO QC 4 4 1 1 1 1P E Clark 3 3 1 1D V Cody OAM 4 4 1 1 1 1 0 0W MacGillivray 4 4S ChristieG DaveyR J DowellW A Grimshaw AM 0 0I Harrington 0 0 0 0J Jackson 4 4T LedgerwoodP Lee 1 1P Lewis 1 1N Newell 0 0S Parry 4 4 0 0J A Saffin MP 4 4 1 1J B ShanahanM R SweenyT S Wilson 0 0 1 1M Marshall 0 0
A = Number of meetings attendedB = Number of meetings held during the time the member held office or was a member of the
committee during this year.
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Principal Activities During the year, the principal continuing activities of the consolidated entity consisted of:
• The provision of educational facilities of university standard, having particular regard to the needs of the North Coast region of the State
• The preservation, extension and dissemination of knowledge through scholarship, research, creative works, consultancy and internal and external teaching
• The conferring of the Degrees of Bachelor, Master, and Doctor, and the awarding of diplomas, certificates and awards.
Review of Operations Southern Cross University and its controlled entities reported a consolidated net operating surplus of $2.06 million for the year ending 31 December 2009 (2008 $14.07 million).
The University reported a net operating surplus of $2.99 million for the year ending 31 December 2009 (2008 $14.33 million).
Financial performance was heavily influenced by expenditure arising from a number of non-recurrent capital grants received in previous reporting periods ($7.196m) and one off items including asset disposals, however the underlying result from core activities remains strong and reflects consistent progress against the key objectives of the Strategic Plan 2005-2010. The University exceeded the CGS load for student enrolments in 2009 by 6.3% which shows a favourable result against the below load result for 2008 of 0.6%.
Significant capital projects have been completed or are nearing completion in 2009 including enhancements to the student facilities in both Lismore and Coffs Harbour, teaching and research laboratories and our new campus at the Gold Coast. These projects have been enabled by funding from various federal sources including the Capital Development Pool, and Better Universities Renewal Funding which supplement the Universities capital expenditure.
Significant Changes in State of AffairsNo significant changes were actioned during the year.
Subsequent Matters Affecting OperationsSouthern Cross University will be conducting due diligence on the purchase of all shares in National Marine Science Centre Pty Limited. Southern Cross University is not aware of any other matters subsequent to the period reported which would have a material impact on operations.
Future DevelopmentsDisclosure of information regarding likely developments, future prospects and business strategies of the operations of the University in future financial years and the expected results of those operations is likely to result in unreasonable prejudice to the University. Accordingly, this information has not been disclosed in this report.
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Environmental Regulation and PerformanceThe University is subject to various Commonwealth and State environmental regulations. The University Council is unaware of any breach of environmental regulations as they apply to the operations of the University.
Insurance of Officers Southern Cross University has insured all of the Council Members previously listed against liabilities for costs and expenses incurred by them in defending any legal proceedings arising out of their conduct while acting in their capacity as a Council member or director of a controlled entity, other than conduct involving a wilful breach of duty in relation to the University or a controlled entity.
Legal Proceedings on behalf of Southern Cross UniversityLitigation is in progress against the University relating to a dispute for wrongful termination of an agreement and damages are being sought. Particulars regarding this matter have not been disclosed on the grounds that it may prejudice the outcome of the litigation.
This report is made in accordance with a resolution of the members of the Council of Southern Cross University.
The Honourable John Dowd AO QC Chancellor Southern Cross University 20 April 2010
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SOUTHERN CROSS UNIVERSITY
FINANCIAL REPORTFOR THE YEAR ENDED 31 DECEMBER 2009
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Southern Cross University and Controlled EntitiesABN 41 995 651 524
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
NORSEARCH LIMITED
ABN 57 003 082 406
A CONTROLLED ENTITY OF SOUTHERN CROSS UNIVERSITY
FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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ABN 57 003 082 406A controlled entity of Southern Cross University
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ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Norsearch Limited
ABN 57 003 082 406A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
AUSTRALIAN PLANT DNA BANK LIMITED
ABN 95 108 486 791
A CONTROLLED ENTITY OF SOUTHERN CROSS UNIVERSITY
FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Australian Plant DNA Bank Limited
ABN 95 108 486 791A controlled entity of Southern Cross University
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
BIOBANK PTY LTD
ABN 27 112 877442
A CONTROLLED ENTITY OF AUSTRALIAN PLANT DNA BANK LIMITED
FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited
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Biobank Pty Ltd
ABN 27 112 877 442A controlled entity of Australian Plant DNA Bank Limited