Document ID: chunk:federal_register_of_legislation:F2024L00068:reg:10
Version: federal_register_of_legislation:F2024L00068
Segment Type: reg
Provision Reference: reg 10
Character Range: 6519–9068

10      ANU Foundation Board functions and powers

(1)    The ANU Foundation Board has the following functions:

(a)    maintaining an effective oversight of, and advising the Council and the Vice-Chancellor on, the following matters (fund governance and fundraising-related matters):

(i)    the ANU Foundation and the gift funds established within it, including the governance, management and performance of the ANU Foundation;

(ii)    the assets of those funds, including their application, investment and proper use;

(iii)    accounting for, and reporting on, the application, investment and proper use of the assets of those funds;

(iv)    accountability to donors for gifts made to the University, including consultation with, and reporting to, donors about the application, investment and proper use of their gifts;

(v)    the oversight and management of risks associated with the ANU Foundation and the University's fundraising activities;

(vi)    the strategic direction, coordination, management and performance of the University's fundraising activities;

(b)    keeping the University's policies and procedures relating to fund governance and fundraising-related matters under review, and advising the Council and the Vice-Chancellor on any changes that should be made to them from time to time;

(c)    assisting the Council and the Vice-Chancellor to ensure that the University maintains the highest standards in relation to fund governance and fundraising-related matters;

(d)    participating in the University's fundraising activities in accordance with the University's policies relating to fund governance and fundraising-related matters;

(e)    reporting to the Council and the Vice-Chancellor on the exercise of its functions, including at the times, and in the way, required by the Council or Vice-Chancellor;

(f)    undertaking any other functions given to it by this instrument or that the Council or the Vice-Chancellor from time to time directs.

(2)    In exercising its functions, the Board may operate with the assistance of specialist or special-purpose committees.

(3)    For the exercise of its functions, the Board may consult with committees and members of the Council, committees and working groups of the Board, other University committees, officers or staff of the University, or other University entities or their members.

(4)    The Chair of the Board must provide the Council or Vice-Chancellor with the reports relating to the operations of the Board that the Council or Vice-Chancellor requires.