Complex sentence: A board of governors known as the Council of RMIT was also created in 1992 which is chaired by the Chancellor of RMIT (a role also created in 1992) as its Governor-in-Council.
Split into simpler sentences: A board of governors known as the Council of RMIT was created in 1992. It is chaired by the Chancellor of RMIT (a role also created in 1992) as its Governor-in-Council.