Document ID: chunk:federal_register_of_legislation:F2024L00068:reg:8
Version: federal_register_of_legislation:F2024L00068
Segment Type: reg
Provision Reference: reg 8
Character Range: 4636–6398

8          Gift determinations

(1)    The Vice-Chancellor may make a determination (a gift determination) for the purposes of this section.

(2)    A gift determination must do all the following:

(a)    establish a fund (the gift fund) within the ANU Foundation;

(b)    allow or require specified gifts made to the University, or the proceeds or remaining proceeds of specified gifts made to the University, to be attributed (in whole or part) to the gift fund;

(c)    provide for the crediting to the gift fund of assets (or specified assets) relating to those gifts;

(d)    specify the purposes for which assets credited to the gift fund are allowed or required to be debited or otherwise used;

(e)    specify the entity, or the occupant of the position, in or of the University responsible for the gift fund (the responsible authority);

(f)    specify the procedures required to be followed, by the responsible authority and others, in relation to the debiting or other use of assets credited to the gift fund.

(3)    The gift determination may also prescribe other matters necessary or convenient to be prescribed in relation to the gift fund for the purpose of carrying out or giving effect to this instrument.

(4)    The Vice-Chancellor may make a determination that repeals or amends a determination made under subsection (1).

(5)    The Vice-Chancellor may establish bodies within the University for the purposes of the ANU Foundation, including, for example, a body that is to be the responsible authority for a gift fund.

(6)    This section is additional to, and does not limit, any function that the Vice-Chancellor has apart from this section.

Part 3—ANU Foundation Board

Division 3.1—ANU Foundation Board and its functions and powers