CQUniversity Annual Report - Central Queensland University
CQUniversity Annual Report - Central Queensland University
CQUniversity Annual Report - Central Queensland University
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<strong>CQ<strong>University</strong></strong><br />
A N N U A L<br />
R E P O R T<br />
2012 | vol.1
CONTENTS TS<br />
8 March 2013<br />
The Honourable John-Paul Langbroek MP<br />
Minister for Education, Training and Employment<br />
PO Box 15033<br />
CITY EAST QLD 4002<br />
Dear Minister<br />
I am pleased to present the <strong>Annual</strong> <strong>Report</strong> 2012<br />
and financial statements for <strong>Central</strong> <strong>Queensland</strong><br />
<strong>University</strong>.<br />
I certify that this <strong>Annual</strong> <strong>Report</strong> complies with:<br />
• The prescribed requirements of the Financial<br />
Accountability Act 2009 and the Financial and<br />
Performance Management Standard 2009, and<br />
• The detailed requirements set out in the <strong>Annual</strong><br />
report requirements for <strong>Queensland</strong> Government<br />
agencies.<br />
A checklist outlining the annual reporting<br />
requirements can be accessed at www.cqu.edu.au/<br />
about-us/governance/annual-report.<br />
Yours sincerely<br />
From the Chancellor 2<br />
Vice-Chancellor and President’s Review of 2012 4<br />
Our Future 8<br />
Our Organisation and Structure 10<br />
Our Strategic Plan 20<br />
Our Activities in Review 24<br />
Our Corporate Governance 48<br />
Our Financial Performance 60<br />
Our Campus Contact Details 64<br />
Glossary 66<br />
Appendices vol.2<br />
– Financial Statements<br />
RC<br />
R.C. . Fritschy<br />
Chancellor<br />
jn12-0873<br />
Distribution<br />
This report is available for download from the<br />
<strong>CQ<strong>University</strong></strong> website, or by contacting <strong>CQ<strong>University</strong></strong><br />
by email, telephone or fax to request a hard copy.<br />
Contact officer<br />
Ms Jenny Roberts<br />
<strong>University</strong> Secretary<br />
<strong>CQ<strong>University</strong></strong> Australia<br />
Bruce Highway<br />
Rockhampton Qld 4702<br />
Australia<br />
Telephone: +61 7 4930 6903<br />
Fax: +61 7 4930 9438<br />
Email: j.roberts@cqu.edu.au<br />
Website: www.cqu.edu.au<br />
<strong>Annual</strong> <strong>Report</strong> website:<br />
www.cqu.edu.au/about-us/governance/annual-report<br />
Feedback in writing to the above address is invited.<br />
Interpreter<br />
<strong>CQ<strong>University</strong></strong> is committed to<br />
providing accessible services<br />
to people from culturally and<br />
linguistically diverse backgrounds. If you have<br />
difficulty in understanding the <strong>Annual</strong> <strong>Report</strong>, you<br />
can contact <strong>CQ<strong>University</strong></strong> on +61 7 4930 9777<br />
and we will arrange an interpreter to effectively<br />
communicate the report to you.<br />
<strong>CQ<strong>University</strong></strong> <strong>Annual</strong> <strong>Report</strong> 2012<br />
ISSN 1839-2636<br />
Produced: Corporate Governance Division.<br />
Additional published information<br />
Additional published information on <strong>CQ<strong>University</strong></strong>’s<br />
information systems and recordkeeping, consultancies<br />
and overseas travel (staff and student) can be accessed<br />
from the <strong>Annual</strong> <strong>Report</strong> website: www.cqu.edu.au/<br />
about-us/governance/annual-report.<br />
Acknowledgement<br />
<strong>CQ<strong>University</strong></strong> recognises that its campuses are<br />
situated on Country for which Aboriginal people have<br />
been custodians for many centuries. The <strong>University</strong><br />
therefore pays its respects to the Elders, past, present<br />
and future for they hold the memories, the traditions,<br />
the culture and hopes of Indigenous Australia.<br />
Copyright<br />
© <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> 2013
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
AT A GLANCE<br />
1<br />
Student body 18 760<br />
Staff (full-time equivalent) 1456<br />
Students graduating 4275<br />
Alumni 72 071<br />
Schools 6<br />
Student residences 2<br />
Undergraduate qualifications 172<br />
available<br />
Postgraduate qualifications 161<br />
available<br />
Research qualifications 17<br />
Non-award qualifications 30<br />
Locations 12<br />
Research Centres 4<br />
Distance Education Study 5<br />
Centres<br />
Revenue $250.866m<br />
Capital expenditure $32.410m<br />
Total assets $341.686m<br />
COVER DESIGN<br />
An artist’s impression of the façade of the<br />
<strong>CQ<strong>University</strong></strong> Health Clinic, Rockhampton. The<br />
abstract geometric design, by Brisbane-based<br />
architectural firm Reddog, reflects the forms<br />
and palette of yellows and creams of the many<br />
eucalyptus trees surrounding the clinic entrance.<br />
<strong>CQ<strong>University</strong></strong> Rockhampton is home to the $7m<br />
<strong>CQ<strong>University</strong></strong> Health Clinic, a public access<br />
clinic with the dual aim of providing improved<br />
health care outcomes for people in <strong>Central</strong><br />
<strong>Queensland</strong>, and skilling up the region’s future<br />
health workforce.<br />
The clinic, made possible through $6.6m in<br />
Health Workforce Australia funding, represents<br />
the first stage in a longer term plan to greatly<br />
expand <strong>CQ<strong>University</strong></strong>’s clinical facilities.<br />
Health services at the clinic – in areas including<br />
occupational therapy, podiatry, physiotherapy<br />
and speech pathology – are delivered through<br />
a partnership with <strong>Central</strong> <strong>Queensland</strong> Hospital<br />
and Health Services (CQHHS), a <strong>Queensland</strong><br />
Government initiative.<br />
The CQHHS team located at the clinic provides<br />
health care services for up to 160 clients a day<br />
and supports clinical placements for up to 200<br />
students annually.<br />
The clinic also houses teaching facilities for<br />
<strong>CQ<strong>University</strong></strong>’s Bachelor of Oral Health.<br />
A $16m ‘stage two’ of the clinic is planned<br />
for construction from 2013, and will include<br />
additional clinic space, as well as teaching<br />
spaces to train and educate allied health<br />
students from <strong>CQ<strong>University</strong></strong> and other<br />
universities around Australia.<br />
OBJECTIVES OF OUR ANNUAL REPORT<br />
This <strong>Annual</strong> <strong>Report</strong> describes the <strong>University</strong>’s<br />
performance, achievements, outlook and<br />
financial position for the calendar year 2012.<br />
It meets the <strong>University</strong>’s formal reporting<br />
requirements to the <strong>Queensland</strong> Minister for<br />
Education, Training and Employment. The report<br />
is also of interest to Members of Parliament,<br />
<strong>University</strong> staff, students, prospective students,<br />
key stakeholders, other universities, researchers<br />
and other members of our community.<br />
ABOUT CQUNIVERSITY<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> is known as<br />
<strong>CQ<strong>University</strong></strong> Australia. The <strong>University</strong>’s image<br />
emphasises its strong connection to <strong>Central</strong><br />
<strong>Queensland</strong> and acknowledges its national<br />
presence and position in the international<br />
higher education sector.<br />
<strong>CQ<strong>University</strong></strong> engages with communities<br />
across <strong>Queensland</strong>, New South Wales, South<br />
Australia, Victoria and Western Australia,<br />
providing research, educational services<br />
and products to around 19 000 students and<br />
other customers across 12 campuses and<br />
learning sites and by distance education.<br />
Established as the <strong>Queensland</strong> Institute of<br />
Technology (Capricornia) in Rockhampton in<br />
1967, <strong>CQ<strong>University</strong></strong> provides access to higher<br />
education for people of all backgrounds and<br />
ages. The <strong>University</strong> works closely with<br />
individuals and organisations to help them<br />
follow their dreams and achieve their goals.
2<br />
From the<br />
Chancellor<br />
‘OUTSTANDING<br />
PROGRESS WAS<br />
MADE IN 2012<br />
TOWARDS<br />
CQUNIVERSITY<br />
FULFILLING<br />
ITS STRATEGIC<br />
GOAL OF<br />
BECOMING<br />
A RESEARCH-<br />
FOCUSED<br />
UNIVERSITY’
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
FROM THE CHANCELLOR<br />
As Chancellor of <strong>CQ<strong>University</strong></strong>, I am pleased to present the <strong>Annual</strong> <strong>Report</strong> 2012 for <strong>CQ<strong>University</strong></strong>.<br />
<strong>CQ<strong>University</strong></strong> is governed by the Council of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> which has<br />
shown exceptional commitment to the <strong>University</strong> throughout 2012. I sincerely thank<br />
Council members for giving their valuable free time and expertise in progressing the<br />
<strong>University</strong>’s 10-year Renewal Plan towards becoming a ‘great’ university.<br />
Outstanding progress was made in 2012 towards <strong>CQ<strong>University</strong></strong> fulfi lling its strategic<br />
goal of becoming a research-focused university. The <strong>University</strong> outcomes for the 2012<br />
Australian Excellence in Research for Australia (ERA) demonstrated <strong>CQ<strong>University</strong></strong>’s high level of expertise and accomplishment across<br />
a range of fields. <strong>CQ<strong>University</strong></strong> achieved three 2-digit fi elds of research greater than or equal to World Standard, and four 4-digit fi elds<br />
of research greater than or equal to World Standard. In the Australian Higher Education Supplement <strong>CQ<strong>University</strong></strong> was identifi ed as<br />
one of the most substantial shifts between ERA 2010 and ERA 2012, being ranked 21st amongst Australian research institutions. These<br />
outcomes highlighted what <strong>CQ<strong>University</strong></strong> already knew, but they have served to reinforce the successes <strong>CQ<strong>University</strong></strong> is having in its<br />
research resurgence.<br />
The <strong>University</strong>’s investment in infrastructure on campuses across its Australian footprint has seen new buildings and major refurbishments<br />
being finalised throughout the year. The outstanding results of these projects are a testament to the dedication and commitment of<br />
<strong>University</strong> staff in pursuing fi rst-class facilities for <strong>CQ<strong>University</strong></strong> students, staff and the community. The <strong>University</strong> has been able to fund<br />
these improvements whilst dealing with the downturn in international student numbers.<br />
<strong>CQ<strong>University</strong></strong>’s program renewal has seen considerable new course offerings being expanded into new areas such as Physiotherapy, Podiatry<br />
and Sonography. These offerings meet the unique skills needs of each of the communities <strong>CQ<strong>University</strong></strong> serves.<br />
<strong>CQ<strong>University</strong></strong>’s Art Collection has grown to become a signifi cant cultural resource, encompassing more than 500 works by Australian artists<br />
from the colonial period to the present, as well as holdings of Indigenous artworks and artefacts from Australia, Fiji, New Zealand and Canada.<br />
In October this year, the <strong>University</strong> had the pleasure of accepting Richard Dunlop’s donation of his painting Iron Ore 2 – a major artwork in his<br />
characteristic lyrical style, presenting a shimmering vision of the Australian outback<br />
I congratulate and thank members of Council and <strong>CQ<strong>University</strong></strong> staff for their commitment and dedication in being part of <strong>CQ<strong>University</strong></strong>’s<br />
journey in becoming a ‘great’ university and look forward to <strong>CQ<strong>University</strong></strong>’s continuing achievement in engagement, quality student<br />
experiences, being an inclusive university, being a leading distance education provider, being a research-focused university, a national<br />
university and a university that gives back.<br />
3<br />
FROM THE CHANCELLOR<br />
RC Fritschy<br />
Chancellor
4<br />
Vice-Chancellor<br />
and President’s<br />
Review of 2012<br />
‘CQUNIVERSITY<br />
IS NOW ONE<br />
OF AUSTRALIA’S<br />
FASTEST<br />
GROWING<br />
UNIVERSITIES’
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
VICE-CHANCELLOR AND<br />
PRESIDENT’S REVIEW<br />
Looking back on 2012 there is no doubt the year has been one of the most successful in<br />
<strong>CQ<strong>University</strong></strong>’s history. The <strong>University</strong> has invested heavily in new facilities, new programs<br />
and new academic and research talent, and while this has caused the <strong>University</strong> to<br />
delve into its funding reserves, we see these activities as an investment in our future<br />
sustainability. Since embarking on an ambitious renewal plan in 2009, <strong>CQ<strong>University</strong></strong> is<br />
well on its way to becoming one of Australia’s strongest regional universities. Based on<br />
the following achievements our future is looking very bright and we are well on track to<br />
becoming a great university by 2020.<br />
DUAL SECTOR APPROVAL<br />
The <strong>Queensland</strong> Government gave fi nal approval for the merger between <strong>CQ<strong>University</strong></strong> and <strong>Central</strong> <strong>Queensland</strong> Institute of TAFE<br />
(CQ TAFE), removing one of the last hurdles for the creation of <strong>Queensland</strong>’s fi rst dual sector university. After more than two years of<br />
negotiations, this move sets the stage for <strong>CQ<strong>University</strong></strong> to revolutionise the delivery of higher education and vocational education and<br />
training in <strong>Central</strong> <strong>Queensland</strong>.<br />
INVESTMENT IN INFRASTRUCTURE<br />
In the past year <strong>CQ<strong>University</strong></strong> has extended the Noosa campus ($2.5m) and opened a refurbished Rockhampton Library ($6.4m) and<br />
Engineering Precinct ($10.7m). A distance education study centre was also opened in Cairns to support the learning needs of our<br />
distance education students in Far North <strong>Queensland</strong>. In 2013, <strong>CQ<strong>University</strong></strong> plans to continue this investment by opening further distance<br />
education study centres at our metropolitan campuses and developing a $16m Engineering Precinct in Mackay and an Accident Forensics<br />
Lab in Bundaberg.<br />
5<br />
VICE-CHANCELLOR AND PRESIDENT’S REVIEW OF 2012<br />
CQUNIVERSITY HEALTH CLINIC<br />
Stage 1 of the $7m <strong>CQ<strong>University</strong></strong> Health Clinic was opened in Rockhampton in August 2012, thanks in large part to funding provided by Health<br />
Workforce Australia. This clinic has the dual aim of providing improved health care outcomes for people in <strong>Central</strong> <strong>Queensland</strong>, and skilling up<br />
the region’s future health workforce. Service provision by the <strong>Central</strong> <strong>Queensland</strong> Hospital and Health Service team located in the <strong>CQ<strong>University</strong></strong><br />
Health Clinic is estimated to provide health care for up to 160 clients per day along with supporting the clinical placements of up to 200<br />
students annually.<br />
ENGAGEMENT<br />
A number of initiatives have been set in place in relation to <strong>CQ<strong>University</strong></strong>’s engagement agenda in 2012, including the appointment of a Pro Vice-<br />
Chancellor and BMA Chair (Indigenous Engagement), Professor Bronwyn Fredericks. Professor Fredericks will work closely with <strong>CQ<strong>University</strong></strong>’s Pro<br />
Vice-Chancellor (Community and Engagement) and our industry partners to implement new programs and oversee existing engagement activities<br />
which aim to improve education outcomes for Indigenous students and engagement with Indigenous communities.<br />
RESEARCH<br />
<strong>CQ<strong>University</strong></strong>’s signifi cant investment in research is beginning to pay off, with <strong>CQ<strong>University</strong></strong> researchers acquiring more than $1.3m in<br />
competitive research grants in 2012 and a total research income of $7.1m. The latest fi ndings based on the Excellence in Research for Australia<br />
(ERA) indicated that <strong>CQ<strong>University</strong></strong> has performed at or well above world standard in four areas of research – Nursing, Applied Mathematics,<br />
Agriculture and Land Management and Other Medical and Health Sciences. Our research activity, measured by income and outputs this year, is<br />
growing substantially.<br />
AUSTRALIA’S FASTEST GROWING REGIONAL UNIVERSITY<br />
Due to a number of exciting new program offerings and investment in our national campus footprint <strong>CQ<strong>University</strong></strong> is now one of Australia’s fastest<br />
growing regional universities. Strong partnerships with industry have also enabled us to provide students with work integrated learning options,<br />
ensuring they are completely ‘work ready’ when they graduate.
6<br />
VICE-CHANCELLOR AND PRESIDENT’S REVIEW OF 2012<br />
STAFF RECOGNITION<br />
Several <strong>CQ<strong>University</strong></strong> staff members have received grant funding for innovative research projects and two of our staff members, Professor<br />
Kerry Reid-Searl and Ms Sherie Elliott, were recognised with Australian Government Offi ce for Learning and Teaching citations for outstanding<br />
contributions to student learning. Professor Reid-Searl was also recognised with a prestigious national award for <strong>University</strong> Teaching Excellence.<br />
As always, none of these achievements would be possible without the hard work and dedication of CQUnivesity staff, and of course the continued<br />
support of our students and wider community, without whom we wouldn’t have reason to keep striving towards excellence. I am very much<br />
looking forward to building on this momentum in 2013.<br />
Professor Scott Bowman<br />
Vice-Chancellor and President
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
A SELECTION OF ARTWORK FROM<br />
CQUNIVERSITY’S ART COLLECTION<br />
7<br />
VICE-CHANCELLOR AND PRESIDENT’S REVIEW OF 2012<br />
Richard Dunlop (1960– ) Iron Ore 2 oil on Belgian linen 183 x 183 cm. Donated 2012 through the Australian Government’s Cultural Gifts Program<br />
by Richard Dunlop in memory of Herbert George Dunlop, born in Rockhampton.<br />
Peter Anderson (1956– ) Southern Approach, Campbell Island oil on canvas 128 x 180 cm. Purchased 2012 by <strong>CQ<strong>University</strong></strong> through the<br />
Vice-Chancellor’s Initiative Fund.
8<br />
Our Future<br />
‘CQUNIVERSITY<br />
WILL BE<br />
RECOGNISED<br />
AS ONE OF<br />
AUSTRALIA’S<br />
TRULY GREAT<br />
UNIVERSITIES<br />
BY 2020’
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
STRONG TO GREAT<br />
CQUNIVERSITY RECOGNISED AS ONE OF AUSTRALIA’S TRULY<br />
GREAT UNIVERSITIES BY 2020<br />
9<br />
OUR FUTURE<br />
By 2020, <strong>CQ<strong>University</strong></strong> will be recognised as one of Australia’s<br />
great universities. It will be Australia’s most engaged university by<br />
partnering with its students, staff, alumni and all of the communities<br />
and industries it serves.<br />
By partnering with its communities, the <strong>University</strong> will have a positive<br />
impact on the communities it serves and enable them to reach their<br />
goals, and vice versa. In doing this, <strong>CQ<strong>University</strong></strong> will have reached its<br />
primary objective.<br />
<strong>CQ<strong>University</strong></strong> will provide the highest quality student experience<br />
possible. We will offer a great learning and teaching experience<br />
for our students. A primary focus of the student experience will be<br />
the innovative and student-centred ways in which the <strong>University</strong><br />
engages with its students. Our learning activities will be focussed<br />
on authentic learning, which is informed by collaboration with<br />
employers and our communities.<br />
<strong>CQ<strong>University</strong></strong> will be an inclusive university. It will be known as<br />
the university that prides itself on the types of students it embraces,<br />
rather than one which defi nes its success on its elitism and exclusivity.<br />
The <strong>University</strong> will have grown in stature but it will not have forgotten<br />
its roots. It will be proud of the diverse range of students it attracts<br />
and helps succeed. <strong>CQ<strong>University</strong></strong> will provide a comprehensive range<br />
of post-school education and training and ensure multiple pathways<br />
are available for its students spanning from enabling, to vocational<br />
education and training (VET), to higher education. Students will be<br />
enabled to reach their full potential and have clear pathways between<br />
all parts of the <strong>University</strong>. The <strong>University</strong> will be a leading provider<br />
of VET through delivery at its campuses and via distance education,<br />
and will form partnerships throughout Australia and internationally to<br />
enable communities to meet their post-school educational needs.<br />
<strong>CQ<strong>University</strong></strong> will be a university that celebrates all of its students’<br />
successes equally regardless of the nature of their endeavours. By<br />
being an inclusive university it will engage with the widest possible<br />
spectrum of students and will break down barriers between them.<br />
<strong>CQ<strong>University</strong></strong> will be one of Australia’s leading distance education<br />
providers. The <strong>University</strong> will be one of the largest providers of<br />
distance education and training in terms of student numbers and one<br />
of the best in terms of student satisfaction. Through being Australia’s<br />
leading provider of distance education, the <strong>University</strong> will be engaging<br />
with many students who would not otherwise have access to its<br />
quality education and training.<br />
No university can be truly great unless it is a research-focused<br />
university. <strong>CQ<strong>University</strong></strong> will be such a university. It will be a<br />
university that knows its power of place and uses it to contribute to<br />
stronger, more vibrant communities through the engaged research it<br />
undertakes. Research will be focused on areas where the greatest<br />
contributions to our communities can be made.<br />
<strong>CQ<strong>University</strong></strong> will be a university that gives back. The <strong>University</strong><br />
will demonstrate a distinct moral, ethical conscience and a strong<br />
ethos of philanthropy and humanity that inspires our students, staff<br />
and communities. The <strong>University</strong> will contribute to the development<br />
of all its communities including those overseas. The <strong>University</strong> will<br />
utilise its student, staff, physical and fi nancial resources to make<br />
the communities it serves – both locally and globally – better<br />
places to live, work and learn. The <strong>University</strong> will focus its giving<br />
on underserved communities. By being a university that gives<br />
back, <strong>CQ<strong>University</strong></strong> will engage with many people who are often<br />
forgotten by others.<br />
<strong>CQ<strong>University</strong></strong> will be a national university. It will be a<br />
university with a physical presence right across Australia.<br />
While its foundations and origins are in <strong>Central</strong> <strong>Queensland</strong>,<br />
<strong>CQ<strong>University</strong></strong> will provide quality education and training in<br />
campuses and study centres across the country. By operating<br />
as a national university, <strong>CQ<strong>University</strong></strong> will engage with<br />
communities outside of its traditional base. All campuses will<br />
be a mix of Australian and international students; by being a<br />
national university <strong>CQ<strong>University</strong></strong> will engage with people around<br />
the nation – and the world – by exporting its power of place.<br />
The new Multi-Faith Centre at <strong>CQ<strong>University</strong></strong> Rockhampton provides a location<br />
where students and staff can gather for prayer and meditation.<br />
CQuniversity’s $1.8m partnership with mining giant BHP Billiton Mitsubishi<br />
Alliance (BMA), to fund a BMA Chair in Indigenous Engagement and a number<br />
of student scholarships, was welcomed in April 2012 with the help<br />
of the Darumbal Waru dance group.
10<br />
Our<br />
Organisation<br />
and Structure<br />
OUR VISION, VALUES, MISSION AND 11<br />
OBJECTIVES<br />
OUR CAMPUSES AND DIVISIONS 13<br />
OUR ORGANISATIONAL STRUCTURE 18<br />
OUR MANAGEMENT STRUCTURE 19<br />
‘ENGAGEMENT<br />
WILL BECOME<br />
THE DRIVING<br />
FORCE THAT<br />
DIRECTS THE<br />
ACTIVITIES<br />
OF THE<br />
UNIVERSITY’
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
OUR VISION, VALUES, MISSION AND<br />
OBJECTIVES<br />
OUR VISION<br />
Our vision is for <strong>CQ<strong>University</strong></strong> Australia to become one of<br />
Australia’s truly great universities through partnership with<br />
industry, students and the community.<br />
Our greatness will be demonstrated through engagement<br />
in Learning and Teaching, Research and Innovation, and our<br />
Communities.<br />
OUR VALUES<br />
<strong>CQ<strong>University</strong></strong> has organisational values which underpin its daily<br />
activities. The <strong>University</strong>’s Code of Conduct is one way in which<br />
<strong>CQ<strong>University</strong></strong> puts its collective values into practice. The Code<br />
is a statement of principles designed to inform the actions of all<br />
members and to establish and guide what conduct is expected and<br />
what conduct is to be avoided. <strong>CQ<strong>University</strong></strong> has fi ve core values:<br />
11<br />
OUR ORGANISATION AND STRUCTURE<br />
OUR MISSION<br />
Engagement will become the dominant methodology and<br />
driving force that directs the activities of the <strong>University</strong> to fulfi l<br />
its vision to enable stakeholders, partners, communities and<br />
students to ‘be what they want to be’.<br />
Engagement underpins the relationships between <strong>CQ<strong>University</strong></strong><br />
and its communities (local, regional, state, national,<br />
international) for the mutually benefi cial exchange of knowledge<br />
and resources in a context of partnership and reciprocity.<br />
Our promise is to collaborate with our communities to assure<br />
our mutual wellbeing.<br />
Our partnerships will address community identifi ed needs,<br />
enhance community wellbeing, deepen students’ civic and<br />
academic learning, enrich the scholarship of the organisation<br />
and lead to discovery in the co-creation of knowledge.<br />
Ultimately, engagement at <strong>CQ<strong>University</strong></strong> aims to support the<br />
development of sustainable communities and an equally<br />
sustainable university.<br />
ENGAGEMENT<br />
We connect to our<br />
stakeholders and<br />
communities by having<br />
strong relationships and<br />
productive partnerships<br />
which deliver mutually<br />
benefi cial outcomes.<br />
A CAN-DO<br />
APPROACH<br />
We focus on and achieve<br />
our goals, we ‘think<br />
big’, aspire to greatness<br />
and apply innovation in<br />
everything we do.<br />
LEADERSHIP<br />
We lead by consistently<br />
demonstrating<br />
excellence in learning<br />
and teaching, research,<br />
engagement and<br />
governance.<br />
INCLUSIVENESS<br />
We respect and seek<br />
full participation from,<br />
and engagement with,<br />
all staff, students and<br />
the community without<br />
discrimination toward<br />
any individual or group.<br />
OPENNESS<br />
We promote transparency<br />
in processes, procedures<br />
and decision-making and<br />
emphasise consistency,<br />
fairness and probity<br />
as integral to our<br />
relationships, individual<br />
and collective, with all<br />
stakeholders.
12<br />
OUR ORGANISATION AND STRUCTURE<br />
OUR OBJECTIVES<br />
WHEN WE HAVE ACHIEVED OUR ASPIRATIONS<br />
FOR ENGAGEMENT, LEARNING AND TEACHING,<br />
RESEARCH AND INNOVATION, AND ENTERPRISE:<br />
We will be assured<br />
1 of continued growth<br />
and sustainability through<br />
our academic offerings<br />
which are flexible and<br />
responsive to the needs<br />
of our current and future<br />
students, communities<br />
and employers.<br />
We will be<br />
8 renowned for<br />
actively contributing to the<br />
development of industries<br />
and the communities in<br />
which we reside through<br />
staff membership and<br />
participation in community<br />
groups, committees,<br />
boards, professional<br />
bodies and community<br />
volunteer work.<br />
9<br />
We will be<br />
acknowledged for<br />
providing <strong>CQ<strong>University</strong></strong><br />
facilities and resources to<br />
community and industry<br />
groups and events.<br />
2<br />
. We will be a<br />
highly inclusive<br />
organisation. Our<br />
inclusivity will be<br />
access, support,<br />
work-integrated learning<br />
and workplace-ready<br />
graduates. International,<br />
intercultural and<br />
Indigenous perspectives<br />
will be evidenced in our<br />
academic offerings.<br />
We will be known<br />
7 as the preferred<br />
organisation for research<br />
leaders and students<br />
based on our quality<br />
research facilities and<br />
programs. Our research<br />
staff and graduates will be<br />
acknowledged as experts<br />
in their field, supported in<br />
entrepreneurial activities,<br />
and contribute to the key<br />
research areas within the<br />
<strong>University</strong>.<br />
We will be<br />
10 well-known for<br />
creating an environment<br />
that attracts high<br />
quality staff, has a<br />
strong leadership<br />
culture, recognises and<br />
rewards good practice,<br />
and maintains an<br />
effective governance<br />
and management<br />
structure with clear<br />
accountabilities<br />
and commitment to<br />
continuous improvement.<br />
We will be regarded<br />
3 as an organisation<br />
of choice by students and<br />
staff, recognised for our<br />
high quality teaching and<br />
research, and for offering<br />
programs across the full<br />
span of the Australian<br />
Qualifi cations Framework<br />
We will be<br />
6 acclaimed for fi ve<br />
areas of research that<br />
are rated as world class,<br />
including two areas with<br />
international prestige<br />
ratings.<br />
We will be<br />
11 leaders in the<br />
provision of quality<br />
physical infrastructure<br />
and information<br />
and communication<br />
technology systems<br />
that support the core<br />
business of the <strong>University</strong><br />
and provide a safe<br />
and environmentally<br />
sustainable environment.<br />
We will be<br />
4 acknowledged<br />
for our leadership in<br />
learning and teaching and<br />
research by consistently<br />
demonstrating excellence<br />
through program<br />
offerings and quality<br />
staff.<br />
We will be<br />
5 renowned for<br />
excellence in research,<br />
both fundamental and<br />
applied, that contributes to<br />
knowledge and innovation<br />
in priority areas.<br />
We will be<br />
12 recognised<br />
for our relationships<br />
with local, national<br />
and internationally<br />
signifi cant partners,<br />
our ability to attract<br />
philanthropic support and<br />
our contribution to our<br />
communities and society.<br />
WE WILL BE ONE OF AUSTRALIA’S GREAT<br />
UNIVERSITIES. WE WILL BE WELL RESPECTED AND<br />
A ROLE MODEL TO OTHER HIGHER EDUCATION<br />
PROVIDERS THROUGHOUT THE WORLD.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
OUR CAMPUSES AND DIVISIONS<br />
CQUNIVERSITY CAMPUSES<br />
CQUNIVERSITY APPLETON INSTITUTE<br />
<strong>CQ<strong>University</strong></strong> Appleton Institute is a multidisciplinary research hub<br />
and distance education study centre in Adelaide, South Australia,<br />
established in January 2012. The Institute is overseen by fatigue<br />
and human factors expert Professor Drew Dawson and consists of<br />
a varied 30-person team with excellence in research, teaching and<br />
community engagement across a range of scientifi c areas including<br />
sleep and biological rhythms, applied psychology, occupational health<br />
and safety, human factors, risk management and cultural anthropology.<br />
Starting in 2013, the <strong>CQ<strong>University</strong></strong> Appleton Institute will be involved<br />
in providing several <strong>CQ<strong>University</strong></strong> courses as a new distance education<br />
study centre. The courses include a Master and Graduate Diploma<br />
of Rail Safety Management, Graduate Certifi cate in Fatigue Risk<br />
Management, and the supervision of honours and PhD students in<br />
Psychology and General Science.<br />
13<br />
OUR ORGANISATION AND STRUCTURE<br />
CQUNIVERSITY BRISBANE<br />
Over the past 12 months, there has been further diversification of<br />
students represented on the <strong>CQ<strong>University</strong></strong> Brisbane campus as Term 1,<br />
2012 saw the successful introduction of undergraduate Commonwealth<br />
supported places on metropolitan campuses. Given minimal lead<br />
time for <strong>Queensland</strong> Tertiary Admissions Centre (QTAC) listing and<br />
promotional activities, 94 domestic students have already enrolled at<br />
the campus in our undergraduate programs, which has offset the much<br />
publicised downturn in international student enrolments.<br />
<strong>CQ<strong>University</strong></strong> Brisbane’s convenient CBD location, modern facilities<br />
and quality supportive learning environment continue to attract<br />
both domestic and international students alike. With the recent<br />
establishment of our distance education study centre, we are also<br />
committed to supporting and assisting our distance education students<br />
in South East <strong>Queensland</strong>, including hosting of residential sessions and<br />
orientation programs for this student cohort.<br />
<strong>CQ<strong>University</strong></strong> Brisbane will continue to increase student enrolments<br />
into 2013 with good initial interest in all programs, but particularly in<br />
the Bachelor of Medical Sonography / Graduate Diploma of Medical<br />
Sonography to be introduced in Brisbane from Term 1, 2013.<br />
CQUNIVERSITY BUNDABERG<br />
There has been signifi cant growth at <strong>CQ<strong>University</strong></strong> Bundaberg in 2012,<br />
as a result of the introduction of new programs in Accident Forensics,<br />
the full Psychology degree and the Food and Agricultural Science<br />
major of the Applied Science degree. Also during the year signifi cant<br />
planning has occurred for the introduction of the Engineering degree<br />
and programs in Physiotherapy and Occupational Therapy to commence<br />
in 2013. Record numbers of students in higher degrees were registered<br />
in 2012, and the research quantum continues to grow on the campus.<br />
During the year the <strong>University</strong> signed an agreement with the Australian<br />
Flight Academy which will bring signifi cant numbers of international<br />
students to Bundaberg. This will give a strong impetus to our Aviation<br />
program to complement Accident Forensics.<br />
Construction started on the Autism Early Intervention Outcomes<br />
Unit (AEIOU) Foundation facility on campus with the fi rst enrolments<br />
scheduled for 2013.<br />
Katie Clarke shows off the moves that made her a karate world champion.<br />
She hopes to continue with her theatre degree once she's had the chance<br />
to explore opportunities to become a martial arts film star, actor or stunt<br />
performer.<br />
In March 2012, the Bundaberg Regional Council declared Bundaberg<br />
to be <strong>Queensland</strong>’s fi rst “<strong>University</strong> City”. This was linked to the<br />
<strong>University</strong> signing an accord with the Council. The Accord expressed<br />
both organisations’ intention to work more closely together to meet<br />
the needs of our community. As an initial tangible expression of this<br />
Accord, the Council has offered three scholarships for Bundaberg<br />
students commencing with the new Engineering program in 2013.<br />
In 2012, <strong>CQ<strong>University</strong></strong> Bundaberg became the fi rst individual campus<br />
member of Engagement Australia. This is in line with the <strong>University</strong>’s<br />
engagement imperative and recognises the commitment of staff to be<br />
better practitioners in the engagement arena.<br />
CQUNIVERSITY CAIRNS DISTANCE<br />
EDUCATION STUDY CENTRE<br />
<strong>CQ<strong>University</strong></strong>’s Cairns distance education study centre opened in<br />
August 2012. The fi rst of its kind for the <strong>University</strong>, the centre provides<br />
the region’s 350 current <strong>CQ<strong>University</strong></strong> distance students with access<br />
to a range of facilities and services including computers, printers and<br />
internet along with the opportunity to form study groups, use meeting<br />
rooms, and access video conferencing facilities and face-to-face<br />
support. In addition, prospective students can attend information<br />
sessions, access assistance with enrolment and obtain guidance for<br />
their studies from the supportive staff and student ambassadors on<br />
hand. During the fi rst four months of operation the centre welcomed<br />
over 500 current and prospective students. The centre extended its<br />
operating hours to Saturdays to meet the increasing student demand.
14<br />
OUR ORGANISATION AND STRUCTURE<br />
CQUNIVERSITY GOLD COAST<br />
In August 2012, <strong>CQ<strong>University</strong></strong> made the decision to teach out current<br />
enrolled students at <strong>CQ<strong>University</strong></strong>’s Gold Coast campus, and to<br />
discontinue accepting new students to its programs with a view<br />
to fully closing the campus in 2014. The management and staff of<br />
<strong>CQ<strong>University</strong></strong>’s Gold Coast campus are committed to ensuring that<br />
no student is academically or fi nancially impacted by this decision<br />
and it will continue to provide high level support to all students to<br />
ensure they are given every opportunity to successfully complete their<br />
<strong>CQ<strong>University</strong></strong> degree at <strong>CQ<strong>University</strong></strong> Gold Coast within the specifi ed<br />
program duration.<br />
Vice-Chancellor and President, Professor Scott Bowman (dressed as the Stig),<br />
promotes the importance of road safety to <strong>CQ<strong>University</strong></strong> staff members.<br />
CQUNIVERSITY EMERALD<br />
<strong>CQ<strong>University</strong></strong> Emerald is located in the grounds of the Australian<br />
Agricultural College and provides a friendly and open environment which<br />
encourages a close working relationship between staff and students.<br />
<strong>CQ<strong>University</strong></strong> Emerald is seen as a support centre for many regional<br />
and remote students who are studying distance education and wish to<br />
access its facilities, resources and staff.<br />
Situated in a town of 14 000, <strong>CQ<strong>University</strong></strong> Emerald provides its<br />
facilities, support and education services to business, industry, schools<br />
and community members across the region.<br />
CQUNIVERSITY GLADSTONE<br />
Located at the Gladstone Marina, <strong>CQ<strong>University</strong></strong> Gladstone provides<br />
an appealing learning environment for a range of bridging courses,<br />
undergraduate, postgraduate and research degrees. <strong>CQ<strong>University</strong></strong><br />
fi rst opened its doors in Gladstone in 1978 at its Dawson Highway<br />
premises. The intent to service the Gladstone community through<br />
industry-relevant education and research has remained unchanged<br />
in the intervening years. In 2013, the campus celebrates 35 years<br />
of continuous service. <strong>CQ<strong>University</strong></strong> Gladstone is home to two<br />
research centres: the Centre for Environmental Management and<br />
the Engineering Centre. Researchers from <strong>CQ<strong>University</strong></strong> contribute to<br />
the community by providing developmental research for industry and<br />
monitoring the environmental health of the Gladstone area, including<br />
the waters of Gladstone harbour and the Rodds Bay dugong sanctuary.<br />
The Gladstone area is a resource-rich region of diversity where tourism,<br />
community and industry co-exist in harmony, retaining an agreeable<br />
lifestyle and environment balance. The Gladstone Region is home to<br />
over 62 000 people and is best known for its strong industrial base.<br />
CQUNIVERSITY MACKAY<br />
<strong>CQ<strong>University</strong></strong> Mackay is one of the <strong>University</strong>’s fastest growing<br />
campuses, positioned in a region of <strong>Central</strong> <strong>Queensland</strong> which heavily<br />
services the mining and resources industries.<br />
Given <strong>CQ<strong>University</strong></strong>’s Mackay campus geographical location, the<br />
<strong>University</strong> has been well placed to provide education, training,<br />
research and support services related to those industries.<br />
The campus has welcomed more than $25m worth of infrastructure<br />
over the past three years including state-of-the art Medical Imaging<br />
and Sonography laboratories, Chiropractic facilities, Nursing and<br />
Midwifery laboratories, a new Library and Information Technology<br />
Resource Centre and modern student accommodation.<br />
Further campus developments are underway with plans for a $16.6m<br />
Engineering precinct, while plans for the proposed Mackay Regional<br />
Sporting Precinct are well advanced.<br />
CQUNIVERSITY MELBOURNE<br />
<strong>CQ<strong>University</strong></strong> Melbourne has had a challenging year with changes in<br />
the international student recruitment environment resulting in reduced<br />
student numbers. Further engagement with on-shore recruitment<br />
agents and overseas recruitment activity is expected to result in<br />
improvements to international student numbers over the course of the<br />
next year.<br />
In early 2013, the campus will introduce new programs including<br />
Sonography, Professional Communication and Vocational Education<br />
to sit alongside ongoing, core programs in ELICOS, Business and<br />
Information Technology. These program developments coupled with the<br />
opening of the distance education study centre will see an increasing<br />
number of domestic students on the campus, bringing further diversity<br />
to the current multi-national cohort.<br />
Marketing activity focussed on creating greater awareness of the<br />
<strong>University</strong> brand in Victoria, together with further expansion in program<br />
offerings, will see a broader range of courses and markets for the<br />
campus in the second half of 2013.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
15<br />
CQUNIVERSITY NOOSA<br />
<strong>CQ<strong>University</strong></strong> Noosa has experienced a surge in growth in the last<br />
12 months with a $2.5m facilities’ expansion; new program offerings<br />
in Law, Tourism, Music, Multimedia and Creative Industries, as<br />
well as internal offerings in Nursing and Access programs; and the<br />
establishment of Noosa as a research-intensive campus with fi ve<br />
Professors, two Associate Professors, fi ve Senior Lecturers, and over<br />
35 research higher degree students.<br />
<strong>CQ<strong>University</strong></strong> Noosa anticipates continued growth through building<br />
capacity and capability by increasing program offerings; extending<br />
campus research specialisations and community partnerships;<br />
developing international student programs in this desirable beachside<br />
destination; and seeking opportunities for commercialisation through,<br />
for example, <strong>CQ<strong>University</strong></strong>’s Noosa campus eye tracking facility.<br />
OUR ORGANISATION AND STRUCTURE<br />
CQUNIVERSITY ROCKHAMPTON<br />
<strong>CQ<strong>University</strong></strong> Rockhampton is a popular choice for international<br />
students seeking a traditional campus experience in a unique<br />
Australian setting. It is also <strong>CQ<strong>University</strong></strong>’s founding campus and<br />
central administrative hub providing a service community for the<br />
largely rural <strong>Central</strong> <strong>Queensland</strong> region. The campus has lush gardens<br />
and provides a tranquil and picturesque environment to study in.<br />
<strong>CQ<strong>University</strong></strong>’s Rockhampton campus facilities include a newly<br />
refurbished library, cafeteria, sports centre, refectory, computer labs,<br />
modern lecture theatres, 25 metre swimming pool, athletics oval and<br />
well equipped gymnasium and more. The campus boasts an Allied<br />
Health clinic which serves the greater public and provides students<br />
with hands-on practical learning experiences.<br />
The new Multi-Faith Centre at <strong>CQ<strong>University</strong></strong> Rockhampton provides a<br />
location where students and staff can gather for prayer and meditation.<br />
The Multi-Faith Centre is available for people of all faiths and even<br />
people of no faith seeking deeper meaning, refl ection, understanding,<br />
tolerance and respect.<br />
Staff and the community are able to take advantage of the newly<br />
established Corporate Events Conference Centre which is available for<br />
internal and external conferences.<br />
The Rockhampton Student Residence is located at <strong>CQ<strong>University</strong></strong>’s<br />
Rockhampton campus and provides on-campus accommodation for<br />
350 students.<br />
CQUNIVERSITY SYDNEY<br />
In early 2012, <strong>CQ<strong>University</strong></strong> Sydney launched a unique medical<br />
Sonography program. The modern six-bed medical sonography facility<br />
features state-of-the-art digital technology and simulated learning<br />
clinics. It has advanced 3D/4D-capable Philips ultrasound units worth<br />
$450 000, 10 ‘Phantom’ body torso training units worth $75 000 and a<br />
$1.5m multifunctional laboratory. As this is Australia’s only Sonography<br />
program available for undergraduate entry (with postgraduate exit),<br />
there’s been an enthusiastic response from students keen to help<br />
relieve a critical health workforce shortage. Students gain extensive<br />
clinical experience with established sonography professionals.<br />
The CQUni Community Sports Centre in Rockhampton hosted a<br />
fledgling roller derby competition for regional teams.<br />
<strong>CQ<strong>University</strong></strong> Sydney continues to have a strong commitment to<br />
engagement across a range of activities. Projects include a staff<br />
member volunteering each week at the Centre of Indigenous<br />
Excellence in Redfern which helps primary school children improve<br />
their literacy skills. This program is run by the Exodus Foundation,<br />
using the Multilit reading program. Another project with the Exodus<br />
Foundation involves staff and students from <strong>CQ<strong>University</strong></strong> Sydney<br />
volunteering each month to feed the homeless (around 250 people<br />
each day) at their Loaves and Fishes Restaurant in Ashfi eld. Further,<br />
students have also been placed in volunteer positions with The Smith<br />
Family, St Vincent de Paul Society and the Centre for Volunteering.<br />
For the fifth year in a row, <strong>CQ<strong>University</strong></strong> Sydney has been a Tax Help<br />
Centre where students volunteer to provide free and confidential service<br />
to assist low-income earners (such as other <strong>CQ<strong>University</strong></strong> students) to<br />
complete their tax returns during tax time. Students are fully trained,<br />
accredited and supported by the Australian Taxation Office.<br />
GERALDTON UNIVERSITIES CENTRE<br />
<strong>CQ<strong>University</strong></strong> commenced supported distance education in conjunction<br />
with the Geraldton Universities Centre, Geraldton in July 2011.<br />
Geraldton is located in Western Australia’s mid west region, 424 klms<br />
north of Perth.<br />
The Centre provides on campus support for distance education students<br />
enrolled in six <strong>CQ<strong>University</strong></strong> programs including five undergraduate<br />
programs and the Skills for Tertiary Education Preparatory Studies<br />
(STEPS) bridging program. Commencing with Accounting and Business<br />
in 2011, the undergraduate program offerings expanded to Primary and<br />
Early Childhood Education and Psychology in 2012.<br />
The Centre provides <strong>CQ<strong>University</strong></strong> students with access to a range<br />
of facilities including on-campus student amenities, local library<br />
resources, computers, printers and internet services. Other services<br />
include face-to-face support, assistance with enrolment and<br />
orientation days.
16<br />
OUR ORGANISATION AND STRUCTURE<br />
CQUNIVERSITY DIVISIONS<br />
ACADEMIC AND RESEARCH DIVISION<br />
<strong>CQ<strong>University</strong></strong> is committed to becoming a great regional university<br />
through productive engagement in partnerships with industry,<br />
government and the community that support excellence in learning and<br />
teaching, research and innovation.<br />
The Division’s mission is to grow engaged research and improve<br />
the quality of teaching and learning across <strong>CQ<strong>University</strong></strong> Australia.<br />
The Division takes a leadership role in professional development for<br />
teachers, researchers and supervisors in higher education and has a<br />
particular focus on developing quality distance education.<br />
The Office of Learning and Teaching, the Office of Research and the School<br />
of Graduate Research, Institutes and Centres are hosted in the Division,<br />
and work in partnership with other divisions to achieve the <strong>University</strong>’s<br />
goals in increasing research output and developing quality teaching.<br />
The Office of Indigenous Engagement was created in 2012 and<br />
Nulloo Yumbah restructured to provide better education and research<br />
opportunities for Aboriginal and Torres Strait Islander students.<br />
The Office of Community and Engagement leads and develops external<br />
partnerships which are maintained through learning, teaching and research<br />
activities. Regional engagement committees are managed through each<br />
Head of Campus for the <strong>University</strong>’s significant regional footprint.<br />
Responsibility for leading, developing and sustaining partnerships<br />
rests largely with the Division’s Offi ce of Community and Engagement<br />
in partnership with the Heads of Campus in each city campus and all<br />
areas of the <strong>University</strong>.<br />
CORPORATE GOVERNANCE DIVISION<br />
The Corporate Governance Division is committed to providing the<br />
highest standards of corporate governance to the <strong>University</strong>’s<br />
governing bodies such as the <strong>University</strong> Council and Academic Board.<br />
These bodies lead the <strong>University</strong> in establishing quality assurance and<br />
improvement that is transparent, measurable and appropriate across<br />
the organisation. The Division is focused on supporting the students’<br />
learning journey from commencement to graduation and beyond.<br />
The Division comprises four directorates:<br />
The Governance Directorate is responsible for activities relevant<br />
to the <strong>University</strong>’s governance and recordkeeping requirements in<br />
accordance with legislation and Australian/international standards, the<br />
facilitation of the operations of the committees of the <strong>University</strong>, and<br />
the management of the <strong>University</strong>’s policy systems.<br />
The Academic Registrar’s Directorate manages the activities related to<br />
student academic and administrative management, including the full range<br />
of student access, development, personal and accommodation services,<br />
student complaints and student misconduct matters. The Directorate<br />
includes the Student Business Centre, Course Information Centre, Student<br />
Contact Centre, Student Support Centre, student accommodation in<br />
Mackay and at the Capricornia College in Rockhampton.<br />
The Audit and Advisory Directorate is responsible for providing<br />
specialist assurance and advisory services to senior management<br />
and staff in relation to audit and the management and mitigation of<br />
risk, and for establishing and guiding the Internal Audit strategy and<br />
managing the <strong>University</strong>’s Internal Audit program.<br />
The Corporate Communications Directorate is responsible for<br />
promoting, supporting and enhancing the <strong>University</strong>’s reputation,<br />
activities and achievements, through strategic communications and<br />
organising <strong>University</strong> corporate events.<br />
FINANCE DIVISION<br />
The Finance Division is comprised of the Financial Services Directorate<br />
and the Corporate Strategy and Planning Directorate. Together they<br />
are responsible for the <strong>University</strong>’s planning and fi nancial management<br />
including risk management. The Division has numerous internal<br />
reporting obligations to the <strong>University</strong> Council and committees, and<br />
external reporting obligations to the State and Federal governments.<br />
The Corporate Strategy and Planning Directorate is responsible for<br />
ensuring that the <strong>University</strong> has properly functioning risk management<br />
and strategic planning frameworks. The Financial Services Directorate<br />
is responsible for ensuring the <strong>University</strong>’s fi nancial reporting<br />
obligations are met and that the <strong>University</strong>’s fi nance systems are<br />
operating effi ciently, effectively and economically.<br />
As the <strong>University</strong> transitions from ‘Strong to Great’ the Financial<br />
Services Directorate is taking great strides to ensure that it provides<br />
the support and service that the <strong>University</strong> requires for its ongoing<br />
growth and the proposed merger with CQ TAFE.<br />
In 2012, the Budget and Performance <strong>Report</strong>ing Team concentrated<br />
on the TM1 enhancement project. IBM Cognos TM1 provides the<br />
<strong>University</strong> with a dynamic environment for developing timely, reliable<br />
forecasts and budgets. The further enhancement of the planning tool<br />
this year enables the organisation to rapidly analyse data, model<br />
business requirements and use the results to budget and forecast with<br />
confi dence for better decision-making and outcomes.<br />
The Corporate Strategy and Planning Directorate continues its journey<br />
within the <strong>University</strong> of embedding an integrated planning and risk<br />
framework that has a continuous improvement philosophy. This process<br />
is dynamic and allows the organisation to be responsive, proactive<br />
and fl exible in its approach to business opportunities. The <strong>University</strong><br />
has been able to mitigate and plan for rapid expansion utilising this<br />
integrated approach.<br />
As part of the Division’s ongoing commitment to provide better service<br />
to the <strong>University</strong> and the community a Systems Improvement Project<br />
was established which has identifi ed a number of enhancements.<br />
The Financial Services Directorate continues to review and improve<br />
processes to further assist the growing <strong>University</strong>.<br />
HIGHER EDUCATION DIVISION<br />
The Higher Education Division was created in July 2012 with the<br />
amalgamation of the former faculties – the Faculty of Arts, Business,<br />
Informatics and Education and the Faculty of Sciences, Engineering and<br />
Health. Establishment of the Higher Education Division facilitates a<br />
unifi ed approach across the schools, with enhancement of cross-school
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
and cross-discipline collaboration. The schools are the fundamental<br />
operational units of the Division and are committed to achieving<br />
growth in student numbers, improving the quality of teaching and<br />
learning and the fostering of a strong research culture. The Higher<br />
Education Division continued to build on the signifi cant growth<br />
achieved by the former faculties in domestic student enrolments,<br />
new program offerings and in forging partnerships with industry,<br />
community and government.<br />
The Higher Education Division has six Schools:<br />
• Nursing and Midwifery<br />
• Engineering and Technology<br />
• Education and the Arts<br />
• Medical and Applied Sciences<br />
• Business and Law<br />
• Human, Health and Social Sciences<br />
INTERNATIONAL AND SERVICES DIVISION<br />
The International and Services Division was created in early 2012<br />
following an amalgamation of the former <strong>University</strong> Services and<br />
International portfolios. It also has a close relationship with the<br />
<strong>CQ<strong>University</strong></strong>-owned C Management Services Pty Ltd business,<br />
which currently operates four metropolitan campuses (Brisbane,<br />
Gold Coast, Sydney, Melbourne), and provides the majority of<br />
educational delivery to international students.<br />
Directorates within this portfolio include Marketing, Facilities<br />
Management, Information Technology, People and Culture,<br />
Library, International and the Print Management Unit. The Division<br />
forms the foundation of professional services which underpin<br />
the successful delivery of teaching and research. The Division is<br />
therefore primarily focused on partnerships, engagement and the<br />
need for exceptional customer service to internal and external<br />
stakeholders. In particular, the Division has extended facilities<br />
on numerous campuses to enable new research and teaching<br />
activities to occur, and has provided targeted marketing which has<br />
assisted strong growth in domestic enrolments.<br />
Innovative approaches in infrastructure, technology, professional<br />
and administrative services have been a key feature of Divisional<br />
operations. Highly competent staff assisted by continually<br />
improving systems and procedures have ensured the effi cient and<br />
strategic use of resources to optimise the effectiveness of the<br />
overall <strong>University</strong> model. 2012 in particular has been distinguished<br />
by advances in cross-unit and inter-organisational cooperation;<br />
leveraging a wide skill base to enhance service delivery.<br />
The International and Services Division is known for its ability to<br />
innovate and counter challenges in the most responsive and effective<br />
manner. This requires both a proactive approach to core operations<br />
and a solutions-based approach to risk and continuity management.<br />
Importantly, this is particularly crucial when recognising that the<br />
Division operates across a wide campus portfolio; counteracting the<br />
difficulties of distance, and maximising the key benefits it provides.<br />
<strong>CQ<strong>University</strong></strong> hosted author and television celebrity Tiffiny Hall from The Biggest<br />
Loser Australia who visited <strong>CQ<strong>University</strong></strong> Rockhampton to promote her new book<br />
and to speak about health and fitness among young people.<br />
INDUSTRY, VOCATIONAL TRAINING AND<br />
ACCESS EDUCATION DIVISION<br />
The Industry, Vocational Training and Access Education Division<br />
was established in 2012 to lead the <strong>University</strong> to its vision of<br />
becoming <strong>Queensland</strong>’s fi rst dual sector university. The Division<br />
champions an integrated approach to education and training across<br />
the <strong>University</strong> and plays a pivotal role by seeking improved ways<br />
to engage with students, industry, community, government and<br />
<strong>University</strong> interests.<br />
In addition to providing strategic leadership to the proposed merger<br />
of the <strong>University</strong> and CQ TAFE, the Industry, Vocational Training<br />
and Access Education Division is leading the expansion of the<br />
<strong>University</strong>’s vocational education and training (VET) and distance<br />
programs throughout Australia. The Division has management<br />
oversight of <strong>CQ<strong>University</strong></strong>’s subsidiary company Health Train<br />
Education Services Pty Ltd, which operates as a private registered<br />
training organisation ‘HealthTrain’ delivering VET programs.<br />
This will be achieved by creating and promoting a framework<br />
of innovative and seamless pathway opportunities between<br />
vocational and academic learning, through which the <strong>University</strong><br />
can develop and deliver vocational education and training.<br />
<strong>CQ<strong>University</strong></strong> is building upon the success of its enabling programs<br />
to support access into new pathways.<br />
The Division’s commercial arm, the <strong>Queensland</strong> Centre for<br />
Professional Development (QCPD), provides business support to the<br />
Schools on behalf of the <strong>University</strong> which will drive a commercial<br />
approach. Through our engagement with industry, we provide<br />
new opportunities for the <strong>University</strong> to develop its national and<br />
international capabilities.<br />
By establishing a research symposium and a research scholarship,<br />
the Division is promoting a dual sector research agenda within<br />
the <strong>University</strong> and is actively supporting the goal of being a great<br />
research-focussed dual sector university.<br />
17<br />
OUR ORGANISATION AND STRUCTURE
18<br />
OUR ORGANISATION AND STRUCTURE<br />
OUR ORGANISATIONAL STRUCTURE<br />
AS AT 31 DECEMBER 2012<br />
Vice-Chancellor and President<br />
Professor Scott Bowman<br />
Deputy<br />
Deputy<br />
Deputy<br />
Vice-Chancellor<br />
Vice-Chancellor<br />
Vice-Chancellor<br />
Deputy<br />
Chief Financial<br />
(International and<br />
(Academic and<br />
(Industry and<br />
Vice-Chancellor<br />
Officer and CFO,<br />
Services) and CEO,<br />
Research)<br />
Vocational Education<br />
(Higher Education)<br />
C Management<br />
C Management<br />
Services Pty Ltd<br />
Professor Hilary<br />
and Training)<br />
Services Pty Ltd<br />
Professor Graham Pegg<br />
Mr David Turner<br />
Winchester<br />
Mr Nik Babovic<br />
Mr Alastair Dawson<br />
<strong>University</strong> Secretary<br />
Ms Jenny Roberts<br />
Academic and<br />
Research Division<br />
International and<br />
Services Division<br />
Industry, Vocational<br />
Training and Access<br />
Education Division<br />
Higher Education<br />
Division<br />
Finance Division<br />
Corporate<br />
Governance Division
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
OUR MANAGEMENT STRUCTURE<br />
The Vice-Chancellor and President, Professor Scott Bowman, is the <strong>University</strong>’s Chief Executive Offi cer. He works in collaboration with the<br />
<strong>University</strong> Council, of which he is a member, and also with a wide range of internal and external stakeholders to provide overall leadership<br />
and directions for the <strong>University</strong>. The Vice-Chancellor and President is appointed by the <strong>University</strong> Council and is responsible to the Council,<br />
through the Chancellor, for the leadership and management of the <strong>University</strong>. He is supported in this task by the <strong>University</strong> Executives,<br />
comprising the following senior members of staff:<br />
VICE-CHANCELLOR AND<br />
PRESIDENT<br />
Professor Scott Bowman<br />
TDCR, DCR, HDCR CollRadiog,<br />
FAETC City&Guilds, MArts GuildHall,<br />
MBusAdmin USC, PhD OpenUK, FAIM<br />
DEPUTY VICE-CHANCELLOR<br />
(ACADEMIC AND RESEARCH)<br />
Professor Hilary Winchester<br />
MA, D.Phil Oxen FAICD<br />
DEPUTY VICE-<br />
CHANCELLOR (HIGHER<br />
EDUCATION)<br />
Professor Graham Pegg<br />
BSc (Hons), PhD, C.Chem JCU<br />
19<br />
OUR ORGANISATION AND STRUCTURE<br />
DEPUTY VICE-CHANCELLOR<br />
(INTERNATIONAL AND SERVICES)<br />
AND CEO, C MANAGEMENT<br />
SERVICES PTY LTD<br />
Mr Alastair Dawson<br />
BA DDIAE, MBA CQU, MAICD, FAIM<br />
DEPUTY VICE-CHANCELLOR<br />
(INDUSTRY AND VOCATIONAL<br />
EDUCATION AND TRAINING)<br />
Mr Nik Babovic<br />
BEd QUT, MBA GradDipBusMgt GCIT<br />
UNIVERSITY SECRETARY<br />
Ms Jenny Roberts<br />
BBusAdmin CQU, GAICD<br />
CHIEF FINANCIAL OFFICER<br />
AND CFO, C MANAGEMENT<br />
SERVICES PTY LTD<br />
Mr David Turner<br />
CA, BComm Qld
20<br />
Our Strategic<br />
Plan<br />
‘CQUNIVERSITY<br />
WILL HAVE<br />
A POSITIVE<br />
CULTURE<br />
WHICH<br />
VALUES STAFF,<br />
STUDENTS,<br />
COMMUNITIES<br />
AND INDUSTRY<br />
PARTNERS’
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
CQUNIVERSITY STRATEGIC PLAN<br />
ENGAGEMENT<br />
OUR AIM<br />
We will engage in all areas of endeavour. Our interactions with<br />
our communities will drive our Learning and Teaching, Research<br />
and Innovation, and Enterprise. Through these interactions, we will<br />
identify and address the needs of our communities, industry and the<br />
<strong>University</strong> which deepens our students’ civic and academic learning,<br />
and enhances community wellbeing. We will also enrich our<br />
scholarship and research in a way that benefits both the <strong>University</strong><br />
and our stakeholders.<br />
ENGAGED LEARNING AND<br />
TEACHING<br />
OUR AIM<br />
<strong>CQ<strong>University</strong></strong> will attract and retain more students, helping them<br />
to achieve their educational goals regardless of their cultural and<br />
family background or their country of origin. We will offer a range<br />
of ways for students to access higher education and reach their<br />
educational potential. We will provide a stimulating environment<br />
that promotes and supports learner engagement utilising<br />
appropriate technology and infrastructure.<br />
21<br />
OUR STRATEGIC PLAN<br />
OUR APPROACH<br />
STRENGTHENING AND BUILDING OUR<br />
RELATIONSHIPS<br />
We will work with our diverse communities within our multi-city<br />
campus footprint to build long and enduring relationships. We will<br />
focus on developing knowledge, skills and innovations by providing<br />
education, professional development and research that meets the<br />
needs of our regional workforce and industry. We will value and<br />
engage with our stakeholders everywhere; draw on community and<br />
industry expertise and knowledge; encourage the active participation<br />
of all stakeholders; and acknowledge their contributions.<br />
Our relationships will strengthen as we take on a more active role<br />
in promoting educational, social, cultural and economic wellbeing.<br />
CONTRIBUTING TO GROWTH<br />
We will develop regional, national and international partnerships that<br />
will contribute to the professional and educational growth of all our<br />
staff and students. We will support the development and recognition<br />
of outstanding teachers, and establish research fellowships and<br />
support for new researchers at higher degree, postdoctoral and early<br />
career levels.<br />
OPEN CAMPUSES<br />
We will become a vital part of the life and culture of our<br />
communities by offering our campuses and facilities to<br />
stakeholders, educational partners, and community and industry<br />
groups for events and activities.<br />
ENGAGED SERVICE<br />
<strong>CQ<strong>University</strong></strong> will encourage staff and students to participate in<br />
both internal and external committees, boards and professional<br />
associations, and to volunteer for community work. By sharing our<br />
knowledge, skills and innovations we aim to support the development<br />
of sustainable communities and a sustainable <strong>University</strong>.<br />
OUR APPROACH<br />
FACILITATING STUDENT ACCESS, PARTICIPATION<br />
AND SUCCESS<br />
Our academic offerings will meet the needs of our diverse student<br />
profile. We are focussed on making the <strong>University</strong> more accessible<br />
and relevant to all people, especially those from under-represented,<br />
Indigenous and culturally diverse backgrounds and who do not have<br />
the resources, prerequisite knowledge or skills to undertake higher<br />
education. We will seek to incorporate international, intercultural<br />
and Indigenous perspectives into our programs.<br />
PROVIDING STUDENT SUPPORT<br />
All our staff will focus on supporting the learning journey of our<br />
students and will provide prompt, effi cient and effective service.<br />
Our systems will facilitate the work of academics and the learning<br />
experiences of our students.<br />
We will offer preparatory programs and services to help students<br />
develop the skills they need for university studies. We will provide<br />
equitable access to our programs, and learning opportunities that<br />
will enable our students to succeed in their study.<br />
Through engagement with our students, we will provide them with<br />
the support they need to reach their full academic potential.<br />
<strong>CQ<strong>University</strong></strong> will have a reputation for producing workplaceready<br />
graduates.<br />
ACHIEVING TEACHING EXCELLENCE<br />
We will achieve learning and teaching excellence and leadership<br />
through the development of our staff across our multi-city campuses.<br />
We will optimise students’ learning journey by providing a stimulating<br />
and engaging environment that fosters their different learning styles.<br />
We will identify and reward teaching leaders. We will provide<br />
support to enable staff to engage in the scholarship of learning<br />
and teaching, develop innovative pedagogical practices and build<br />
capacity in curriculum design.<br />
COMMITMENT TO ENHANCEMENT<br />
We are committed to providing high quality learning experiences for all<br />
students by listening to their views and enhancing academic offerings<br />
through systematic evaluation and review of our programs and courses.<br />
We will benchmark our performance against other organisations in the<br />
sector and gather feedback from our industry and community partners to<br />
ensure we are building on current good practice.
22<br />
OUR STRATEGIC PLAN<br />
ENGAGED RESEARCH AND<br />
INNOVATION<br />
OUR AIM<br />
<strong>CQ<strong>University</strong></strong> will conduct both fundamental and applied<br />
research in selected priority areas. We will aim to help improve<br />
the economies of regions and nations by collaborating in<br />
research projects, developing knowledge, promoting innovation<br />
and being entrepreneurial.<br />
ENGAGED ENTERPRISE<br />
OUR AIM<br />
<strong>CQ<strong>University</strong></strong> will have a positive culture which supports people<br />
and capability, manages performance, and values the <strong>University</strong>’s<br />
staff, students, communities and industry partners. We are<br />
committed to high standards of governance and a continuing quest<br />
for quality. Our fi nancial, physical, management and information<br />
technology systems and infrastructure supports the <strong>University</strong>’s<br />
core business.<br />
OUR APPROACH<br />
CHAMPIONING RESEARCH<br />
We will engage with regional, national and international research<br />
communities and industry partners to increase our research activity<br />
and offer outstanding research programs for staff and students. We<br />
will attain research excellence by engaging and retaining research<br />
stars in priority areas.<br />
REWARDING AND SUPPORTING RESEARCH<br />
EXCELLENCE<br />
Through our research institutes and centres, we will support<br />
research excellence in those priority areas that contribute to<br />
the needs of the communities we serve. We will encourage and<br />
support a culture of research by identifying and rewarding research<br />
leaders, promoting scholarly activities, mentoring emerging<br />
researchers and fostering an environment of active enquiry and<br />
innovation.<br />
IMPROVING RESEARCH PERFORMANCE<br />
EXCELLENCE<br />
Through our research institutes and centres we will improve<br />
the <strong>University</strong>’s research funding and performance outcomes by<br />
developing strategic partnerships in our priority research areas. We<br />
will invest in critical areas of growth and leverage our investment<br />
to achieve greater outcomes. In this way, we will improve our<br />
research ranking against other Australian and international<br />
universities.<br />
DEVELOPING RESEARCH SKILLS EXCELLENCE<br />
By engaging with our research students and providing quality<br />
research supervision, we will enable our students to develop<br />
the knowledge and skills they need to achieve exceptional<br />
research outcomes.<br />
OUR APPROACH<br />
STUDENTS<br />
<strong>CQ<strong>University</strong></strong>’s people, services and systems will focus on supporting<br />
the students’ learning journey from commencement to graduation<br />
and beyond. We will provide quality library and information services,<br />
support programs and counselling to all students of the <strong>CQ<strong>University</strong></strong>,<br />
regardless of their location or mode of study. We are committed<br />
to ensuring that students’ experiences are positive and rewarding.<br />
We are proud of our students and our graduates and will strive to<br />
develop lifelong partnerships and promote philanthropic relationships<br />
with our alumni.<br />
INTERNAL STAKEHOLDERS<br />
<strong>CQ<strong>University</strong></strong>’s employees are the key to delivering our promise<br />
to our stakeholders. Our workforce will conduct core business<br />
effectively and be appropriate for the size and complexity of the<br />
<strong>University</strong>. We will provide career development and leadership<br />
opportunities for all staff in the form of training, professional<br />
development, mentoring and support.<br />
Through our service divisions we will provide innovative facilities,<br />
systems and equipment that compare well with other organisations<br />
in the university sector. Our physical infrastructure and systems for<br />
information and communication technology will provide an interactive<br />
learning and research experience for our students and staff.<br />
We will provide a safe environment for staff, students and visitors on<br />
all our multi-city campuses. We will create a culture of environmental<br />
sustainability that will be reflected in our infrastructure, as well as<br />
our energy, water and waste management practices.<br />
<strong>CQ<strong>University</strong></strong> will have high standards of corporate governance<br />
from governing bodies such as the <strong>University</strong> Council and Academic<br />
Board. These bodies will lead the <strong>University</strong> in establishing quality<br />
assurance and improvement that is transparent, measurable and<br />
appropriate across the organisation.<br />
EXTERNAL STAKEHOLDERS<br />
We will contribute to the economic success of our regions by sharing<br />
<strong>CQ<strong>University</strong></strong>’s expertise and knowledge with our communities.<br />
We will become a vital part of the life and culture of our<br />
communities by providing our stakeholders, educational partners,<br />
industry groups and community organisations with access to our<br />
campuses and facilities for their events and activities.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
23<br />
OUR STRATEGIC PLAN<br />
Allied Health programs are now among the most popular for new students.<br />
Miners praise paramedics<br />
Beaconsfield miners Todd Russell and Brant Webb talked about the vital role paramedics played in their rescue back in 2006 during a forum at <strong>CQ<strong>University</strong></strong><br />
Rockhampton. The two ordinary blokes, who found themselves trapped in a Tasmanian mine shaft for two weeks, were the official guests at the launch of<br />
<strong>CQ<strong>University</strong></strong>’s Bachelor of Paramedic Science program. “The job they did in keeping us sane while we were trapped was exceptional,” said Brant.
24<br />
Review of<br />
Our Activities<br />
ENGAGED LEARNING AND TEACHING 25<br />
ENGAGED RESEARCH AND INNOVATION 28<br />
ENGAGEMENT 32<br />
ENGAGED ENTERPRISE 35<br />
‘CQUNIVERSITY<br />
GRADUATES<br />
CONTINUE TO<br />
HAVE ONE OF<br />
THE HIGHEST<br />
EMPLOYMENT<br />
RATES IN THE<br />
COUNTRY’
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
ENGAGED LEARNING AND TEACHING<br />
OUR AIM: <strong>CQ<strong>University</strong></strong> will attract and retain more students, helping them to achieve their educational goals regardless of their cultural<br />
and family background or their country of origin. We will offer a range of ways for students to access higher education and reach their<br />
educational potential. We will provide a stimulating environment that promotes and supports learner engagement utilising appropriate<br />
technology and infrastructure.<br />
ACHIEVING TEACHING EXCELLENCE<br />
In 2012, the <strong>University</strong> maintained a focus on providing opportunities<br />
for academic staff development. This included a restructured<br />
orientation program for new academic staff and a revised Graduate<br />
Certificate in Tertiary Education, with courses modified to better meet<br />
the needs of <strong>CQ<strong>University</strong></strong>’s academic staff. A number of learning and<br />
teaching seminars were held in support of the assessment, engaged<br />
learning and teaching, and teaching for success themes with speakers<br />
from <strong>CQ<strong>University</strong></strong>, across Australia and further afield, including<br />
Visiting Professor Jonathan Weyers from Dundee <strong>University</strong>, Scotland.<br />
The scholarship of learning and teaching is promoted through the<br />
activities of the <strong>University</strong>’s two education research centres: the<br />
Learning and Teaching Education Research Centre (LTERC) and the<br />
International Education Research Centre (IERC) which together have<br />
over 100 members with shared interests in a wide range of aspects of<br />
research and scholarship.<br />
The <strong>University</strong> supports a number of Communities of Practice (COP) that<br />
enable staff with shared interests to exchange ideas and formulate plans<br />
to achieve outcomes on topics that have a direct impact on learning<br />
and teaching, including aspects such as the first-year experience,<br />
work-related learning and learning through simulation and teamwork.<br />
The <strong>University</strong> hosted its Learning and Teaching Showcase in November<br />
and produced a new issue of its learning and teaching magazine,<br />
Learn, which aims to share good practice among staff through raising<br />
awareness of the <strong>University</strong>’s teaching activities and successes.<br />
<strong>CQ<strong>University</strong></strong> recognises and supports staff for their contributions<br />
to learning and teaching excellence and innovation through grants<br />
and awards. The <strong>University</strong>’s Learning and Teaching Grants play an<br />
important role in enabling staff to develop and test new ideas, aiming<br />
to enhance learning and teaching practices to achieve better learning<br />
outcomes for students. They also serve as a springboard for external<br />
national grant applications. Nine Learning and Teaching Grants were<br />
awarded in 2012.<br />
The <strong>University</strong>’s Learning and Teaching Awards are designed to support<br />
applications through a tiered process that can result in a national<br />
citation or award. In 2012, four Learning and Teaching Awards were<br />
presented. The <strong>University</strong> also celebrated the success of Professor<br />
Kerry Reid-Searl and Ms Sherie Elliott, who both received a Citation<br />
for Outstanding Contributions to Student Learning from the Federal<br />
Government’s Office for Learning and Teaching. In addition<br />
Professor Reid-Searl was presented with a national award for<br />
Teaching Excellence particularly related to her ground-breaking<br />
work in nursing simulation – this award was given to only 10<br />
academic staff in 2012 and is the first time that a <strong>CQ<strong>University</strong></strong><br />
staff member has received this award. Mr Nicholas Ralph<br />
from <strong>CQ<strong>University</strong></strong> Noosa won the Australian Nurse of the<br />
Year (Innovation in Nursing) Award in 2012 for his work on<br />
mobile clinical learning. In addition, <strong>CQ<strong>University</strong></strong> staff were<br />
successful in securing a share of $509 000 for two Innovation<br />
and Development Grants approved and funded by the Office for<br />
Learning and Teaching (DIISRTE).<br />
In 2012, the Industry, Vocational Training and Access Education<br />
Division established an Academic Articulation Steering Committee<br />
jointly chaired by <strong>CQ<strong>University</strong></strong> and CQ TAFE. Working toward the<br />
<strong>University</strong>’s aim to become a dual sector university, the Committee<br />
developed new pathways for trades and vocational students<br />
into <strong>CQ<strong>University</strong></strong> degrees and began the development of new<br />
<strong>CQ<strong>University</strong></strong> degrees with embedded diploma outcomes.<br />
The Committee established 11 new dual awards, each with two<br />
components: a vocational diploma and a university degree. Credit<br />
articulation pathways towards the degree component are clear and the<br />
dual offers provide direct entry into <strong>CQ<strong>University</strong></strong> degrees, removing<br />
the need for students to reapply through QTAC the dual offers also<br />
provide interim exit points, with different qualification levels.<br />
<strong>CQ<strong>University</strong></strong> is the first university in Australia to appoint an Aboriginal or<br />
Torres Strait Islander person as Chair of its Academic Board. The Pro Vice-<br />
Chancellor and BMA Chair (Indigenous Engagement), Professor Bronwyn<br />
Fredericks, has recently been appointed to the role for three years.<br />
Additionally, the Office of Indigenous Engagement has worked with<br />
Deans of Schools to increase their knowledge and capacity to deliver<br />
Indigenous-specific content within courses as well as improve their<br />
engagement of and service delivery to Indigenous students and<br />
communities. An example of this is working with the Dean of Education<br />
to increase the capacity of Education students to teach Indigenous<br />
history, as well as teach Indigenous students. This is a requirement of<br />
Education graduates in coming years. This work has also extended to<br />
working collaboratively to participate in the national More Aboriginal<br />
and Torres Strait Islander Teachers Initiative (MATSITI).<br />
25<br />
REVIEW OF OUR ACTIVITIES
26<br />
REVIEW OF OUR ACTIVITIES<br />
COMMITMENT TO ENHANCEMENT<br />
The <strong>University</strong> participated in the Australian Graduate Survey (AGS)<br />
to monitor graduates’ perceptions of their learning experience.<br />
<strong>CQ<strong>University</strong></strong> graduates continue to have one of the highest employment<br />
rates in the country. The results of the 2012 Australian Graduate Survey<br />
(AGS) showed that 87.7% of <strong>CQ<strong>University</strong></strong> bachelor degree graduates<br />
were in full-time employment at the time of the survey. This compared<br />
with the national average of 76.1%.<br />
technologies. The transition from Moodle 1.9 to Moodle 2.2 enabled<br />
new technologies to be introduced, including Blackboard Collaborate<br />
(a virtual live classroom), Mahara (an e-portfolio web application), and<br />
Camtasia, used for video screen recording. Best practice on distance<br />
and on-campus education is now recognised through a new ‘student<br />
voice’ award, based on student feedback through course evaluation<br />
surveys.<br />
This data is based on the percentage of Australian citizens and<br />
permanent residents only, bachelor degree graduates available for<br />
full-time employment that completed the requirements for their awards<br />
in the calendar year 2011 and gaining full-time employment within four<br />
months of completing their degree (source: <strong>CQ<strong>University</strong></strong> Institutional<br />
Table 2012 B1 and National Table 2012 B1 as provided by Graduate<br />
Careers Australia [GCA]).<br />
Evaluations of all courses each term are carried out through the Moodle<br />
learning management system. A number of improvements have been<br />
introduced during 2012, including enhanced reporting through the<br />
<strong>University</strong>’s Academic Dashboards. Overall, the response rates across<br />
all courses and cohorts have risen from 29% in Term 2, 2011 to 48% in<br />
Term 2, 2012 in line with the <strong>University</strong>’s performance target of 50%<br />
response rate. This is a major achievement for students and staff across<br />
the <strong>University</strong> and it ensures that the student voice is heard effectively,<br />
enabling staff to close the loop with students to explain how their<br />
feedback has helped courses to improve.<br />
The <strong>University</strong> also hosted the 2012 Australasian Higher Education<br />
Evaluation Forum (AHEEF), with over 50 participants from Australia,<br />
New Zealand and overseas under the title: Embedding an Internal<br />
Evaluation Culture, with several speakers from <strong>CQ<strong>University</strong></strong> discussing<br />
a range of topics relevant to learning and teaching.<br />
The Educational Development team in <strong>CQ<strong>University</strong></strong>’s Office of Learning<br />
and Teaching continues to work in partnership with academic staff to<br />
develop new programs and courses and those programs undergoing<br />
five-yearly reviews. The team also provides support to staff who wish to<br />
address strategic aspects and new approaches to learning and teaching,<br />
or those who wish to refresh their knowledge and skills through<br />
workshops and other professional development activities, including<br />
the introduction of Moodle 2, in collaboration with colleagues in the<br />
Information Technology Directorate.<br />
The <strong>University</strong>’s reporting systems continue to be developed through its<br />
Academic Dashboards, with revised features for course and program<br />
performance, attrition and course evaluations. An ongoing focus on<br />
attrition has been maintained through regular reporting to Academic<br />
Board, with a number of projects at school/program level focussed on<br />
improving retention and reducing attrition, funded through the Higher<br />
Education Participation and Partnerships Program (HEPPP).<br />
The <strong>University</strong> continues to develop its capabilities in relation to online<br />
learning, with a project to enhance distance education provision, in<br />
line with its aim to become a leading distance education provider in<br />
Australia. A set of principles and standards has been developed by<br />
the Deans of Schools and others, aiming to facilitate the transition<br />
from the traditional print-based educational model to a more<br />
interactive and connected model supported by appropriate educational<br />
The Office of Learning and Teaching has developed new resources to<br />
support staff in their learning and teaching practice. This includes the<br />
introduction of the ‘Great Guide’ series, with titles covering study at<br />
university (for students), learning outcomes and internationalisation<br />
of the curriculum. One-page resources have been developed and<br />
promulgated to provide ‘Ten Top Tips’ on a range of topics, including<br />
using assessment criteria, setting exams, giving feedback and teaching<br />
first-year students.<br />
PREPARING STUDENTS FOR A GLOBAL<br />
WORKFORCE<br />
The <strong>University</strong> has long recognised the importance of cultural<br />
awareness and preparation for a global workforce. It has formally<br />
recognised Cross-Cultural Competence as one of its seven core<br />
graduate attributes, and is further embedding internationalisation in its<br />
program content.<br />
As an important aspect of internationalisation, students are being<br />
encouraged, and are actively participating in short-term or full-semester<br />
Outbound Mobility, and the International Directorate has made available<br />
generous scholarships to support students.<br />
Key considerations of the Outbound Program are:<br />
• learning another culture.<br />
• being aware of the needs of others, in developing a ‘giving’ culture.<br />
Further to this, and in an example of linking learning and teaching to<br />
community engagement, a group of Nursing and Midwifery students<br />
has again in 2012 travelled to Nepal to learn about delivering their<br />
professional services when not supported with the Australian access to<br />
medicines and technology, and have been able to donate much needed<br />
supplies to those centres within which they have worked.<br />
Additionally:<br />
• for the fi rst time in 2012, a group of Education students and staff<br />
travelled to India to provide support to the Salaam Baalak Trust;<br />
and<br />
• our paramedic students were able to participate in a tour to New<br />
York to learn about crisis response and disaster management,<br />
thanks to the linkages developed by <strong>CQ<strong>University</strong></strong>’s Professor Brian<br />
Maguire.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
27<br />
FACILITIES AND INFRASTRUCTURE<br />
During 2012, investment in services, infrastructure and facilities<br />
has enabled the significant expansion of program offerings to the<br />
<strong>University</strong>’s current and future student cohort, as well as step-change<br />
improvements in the delivery of available services across the campus<br />
portfolio. The <strong>University</strong> has continued its strategy of infrastructure<br />
investment as part of the renewal program and Strong to Great initiative<br />
in 2012, ensuring that there is a clear focus on multi-city development.<br />
REVIEW OF OUR ACTIVITIES<br />
TABLE 1: BUILDINGS INFRASTRUCTURE HIGHLIGHTS FOR<br />
LEARNING AND TEACHING IN 2012<br />
Campus Description Cost/Budget<br />
Rockhampton Final completion of Engineering<br />
$10.7m<br />
refurbishment B28/29<br />
Allied Health Clinic – Stage 1 construction $6.6m<br />
Allied Health Laboratories B7/8/9<br />
$1.3m<br />
Campus realignment<br />
$0.2m<br />
Mackay Nursing Laboratory, teaching and staff $0.3m<br />
spaces<br />
Chiropractic Laboratory, teaching and staff $0.1m<br />
spaces<br />
Noosa Final completion of campus expansion (Inc. $2.7m<br />
Nursing)<br />
Cairns Distance education study centre $0.3m<br />
Sydney Sonography Laboratory, teaching and staff $1.1m<br />
spaces<br />
Melbourne Campus upgrades and improvements $0.1m<br />
Various Master planning activities – Rockhampton<br />
and Melbourne<br />
Upgrades to security systems including<br />
surveillance<br />
Music lecturers Peter McKenzie and Derrin Kerr prepare for class.<br />
The strong connection between physical building infrastructure and<br />
information technology and systems has created excellent learning and<br />
teaching outcomes for the <strong>University</strong> during 2012 and beyond. Service<br />
delivery areas are working together in more strategic ways to create<br />
physical and online learning environments which exceed the needs of<br />
the modern student, helping to create workplace-ready graduates.<br />
Collaborative learning spaces have become feature facilities<br />
at various campuses. These spaces use technology and fl exible<br />
configuration to promote group work and remote collaboration across<br />
the <strong>University</strong>’s campuses to improve learning outcomes through<br />
facilitated peer-to-peer learning. Within Rockhampton and Noosa,<br />
the collaborative spaces are either included within or are located<br />
adjacent to the campus libraries - a symbiotic relationship which<br />
works to further enhance student success. Once again during 2012, the<br />
library has been showcased as a key learning and teaching partner for<br />
students and staff alike, with the results of client satisfaction surveys<br />
setting new Australasian benchmarks in fi ve best-practice categories.<br />
Reliability and performance of online learning and teaching systems<br />
has been significantly bolstered by the execution of major upgrades to<br />
underlying infrastructure including enterprise storage, core network and<br />
learning management system software (Moodle 2.2) and associated<br />
Indigenous graduates are presented with special sashes before each<br />
graduation ceremony.<br />
tools. Additionally, new core video servers have been implemented to<br />
support significant growth in online video learning and teaching across<br />
the <strong>University</strong>’s 10 campuses during 2012.<br />
These upgrades enable access to major new features including<br />
collaboration between staff and students using high-quality video, new<br />
mobility features for mobile devices, enhanced grade book, improved<br />
online assessment functionality, and improved integration with<br />
electronic portfolios, and coupled with a high level of scalability. These<br />
exciting upgrades have, for example, been used to host the <strong>University</strong>’s<br />
first Open Online Courses (OOCs), and will be used to provide<br />
professional short course offerings. The <strong>University</strong> has launched its<br />
Online Live Classroom capability to support its distance education<br />
cohort of students using Blackboard Collaborate. This has improved<br />
student engagement by enabling interaction with peers and lecturers,<br />
leading to improved student satisfaction and retention.
28<br />
REVIEW OF OUR ACTIVITIES<br />
ENGAGED RESEARCH AND INNOVATION<br />
OUR AIM: <strong>CQ<strong>University</strong></strong> will conduct both fundamental and applied research in selected priority areas. We will aim to help improve the<br />
economies of regions and nations by collaborating in research projects, developing knowledge, promoting innovation and being entrepreneurial.<br />
ACHIEVING RESEARCH EXCELLENCE<br />
<strong>CQ<strong>University</strong></strong> will develop new knowledge and innovation through<br />
fundamental and applied research in priority areas that contribute<br />
to the resource industries, community health, social viability and<br />
education, and meet the needs of the communities we serve.<br />
Throughout 2012, <strong>CQ<strong>University</strong></strong> implemented and expanded its<br />
Engagement Strategy and long-term vision to become the most engaged<br />
university in Australia in research and innovation. <strong>CQ<strong>University</strong></strong> has<br />
increased involvement with industry, funding agencies, government,<br />
regional communities and other higher education institutions. With the<br />
growing importance of the mining industry and associated export industries<br />
in the region, <strong>CQ<strong>University</strong></strong> has developed important strategic relationships<br />
with coal seam gas (CSG), coal extraction and export companies that<br />
are developing major export facilities. These relationships build upon<br />
existing long-term collaborative engagement with other major industries<br />
such as the aluminium industry, shale oil and power generation, and port<br />
development. A number of projects in this area are evolving to include<br />
interdisciplinary research in the areas of environmental management and<br />
the effects associated with long-distance commuters sometimes defined as<br />
‘fly in – fly out’ (FIFO) and ‘drive in – drive out’ (DIDO) workers.<br />
Throughout 2012, the Engaged Research Chairs have continued to<br />
demonstrate their strategic leadership roles to mentor and encourage<br />
researchers and promote research activity aligned to the <strong>University</strong>’s<br />
research priorities, while continuing high levels of research<br />
performance. The success of the new focus on research is evident<br />
through <strong>CQ<strong>University</strong></strong> researchers attaining several distinguished<br />
research grants.<br />
In 2012, <strong>CQ<strong>University</strong></strong> was successful in receiving several National<br />
Competitive Grants (Category 1):<br />
• A prestigious National Health and Medical Research Council<br />
(NHMRC) Project Grant to the value of $697 086 over three years<br />
was awarded to Dr Corneel Vandelanotte and Dr Mitch Duncan.<br />
The project will investigate the effectiveness of tailored videos in<br />
promoting physical activity via the internet to commence in 2013.<br />
• An Australian Research Council (ARC) Discovery Early Career<br />
Researcher Award (DECRA) to the value of $371 622 awarded to Dr<br />
Kirrilly Thompson of the Appleton Institute for her work on natural<br />
disaster preparedness and survival through animal attachment.<br />
• An ARC Discovery Project Grant to Associate Professor Greg Roach,<br />
Dr Xuan Zhou and Professor Drew Dawson of the Appleton Institute.<br />
The three-year project valued at $302 000 will look at the impact of<br />
split work–rest schedules on sleep and cognitive performance.<br />
• Professor Bronwyn Fredericks is a co-investigator on another<br />
prestigious grant from the ARC. The grant is a special research<br />
initiative for an Aboriginal and Torres Strait Islander Researchers’<br />
Network which aims to establish a signifi cant cohort of skilled,<br />
qualified Indigenous researchers. The project worth $3 198 392<br />
will run over four years.<br />
• <strong>CQ<strong>University</strong></strong> was also a partner investigator in a successful<br />
ARC Linkage Infrastructure, Equipment and Facilities (LIEF) Grant<br />
valued at $150 000. This project will develop an integrated facility<br />
to support a collaborative research centre of government and<br />
university partners for research to better address priority issues<br />
in the fi elds of health, education, policing, and community services.<br />
• Dr Claire Sellen of the Centre for Environmental Management<br />
(CEM) received an Australian Coal Association Research Program<br />
(ACARP) Grant of $325 945. The two and a half year project aims<br />
to improve the management of the mine site environment by<br />
developing a biological monitoring tool that can be used to detect<br />
the effect of mining on aquatic ecosystems specific to <strong>Central</strong><br />
<strong>Queensland</strong>.<br />
The Excellence in Research for Australia (ERA) exercise conducted<br />
across the Australian higher education sector by the ARC in 2012<br />
collated data regarding the volume and academic quality of research<br />
activity at all eligible higher education institutions. ERA assesses<br />
research quality within Australia’s higher education institutions<br />
using a combination of indicators and expert review by committees<br />
comprising internationally recognised experts. In line with the<br />
Vice-Chancellor and President’s strategy for research resurgence.<br />
<strong>CQ<strong>University</strong></strong> is now ranked in the highest tier ‘well above world<br />
standard’ in Applied Mathematics; Agriculture, Land and Farm<br />
Management and Other Medical and Health Sciences. <strong>CQ<strong>University</strong></strong><br />
is also ranked ‘at world standard’ for Nursing and Medical and<br />
Health Sciences. Other areas that improved in ranking from the 2010<br />
evaluation were Environmental Science, Economics and Language<br />
Communication and Culture. The ERA submission included information<br />
on over 2400 research publications, 400 academic staff, external<br />
research income (grants) and innovation (patent) information.<br />
The strategic approach to building research capacity has resulted<br />
in an outstanding outcome for <strong>CQ<strong>University</strong></strong>. The results from the<br />
ERA evaluation highlight the exceptional, world class research<br />
undertaken by a regional university and will benefi t both the<br />
<strong>University</strong> and the community.<br />
<strong>CQ<strong>University</strong></strong> has a commitment to increasing its research intensity<br />
across the campuses through the development of programs to<br />
encourage and support Early Career Researchers. An Early Career<br />
Researcher Mentoring Program was established through the Offi ce<br />
of Research in 2012. This program provided an intensive and<br />
focused opportunity for researchers to hone their career planning<br />
and writing, and provided a peer group for further collaboration.<br />
In addition, the Higher Education Division established the new<br />
Researcher Career Development Program designed to provide Early<br />
Career Researchers with mentoring and support to develop their<br />
skills in grant applications, writing publications and developing<br />
collaboration opportunities.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
The Industry, Vocational Training and Access Education Division has<br />
actively promoted the <strong>University</strong>’s research agenda in 2012 and proudly<br />
launched the Inaugural Dual Sector Research Symposium in November.<br />
This two-day event was attended by over seventy delegates from<br />
<strong>CQ<strong>University</strong></strong> and CQ TAFE staff and external stakeholders from local<br />
businesses and industry who engaged with and informed the development<br />
of a Dual Sector Research Framework for the <strong>University</strong>.<br />
In addition, the Academic Learning Services Unit (ALSU) has provided<br />
15 places for their staff on a purpose-built research program – the<br />
Scholarship of Teaching Research Program: Introduction to researching<br />
your own teaching. The program aims to encourage and support the<br />
research activity of the ALSU academic teaching staff. The scholarship<br />
was launched in October and will support participants to develop their<br />
research in 2013.<br />
The Health Collaborative Research Network (CRN) was established<br />
in 2011 with Commonwealth and <strong>University</strong> funding to develop<br />
collaborative research partnerships between <strong>CQ<strong>University</strong></strong>, the<br />
<strong>University</strong> of <strong>Queensland</strong>, the <strong>Queensland</strong> <strong>University</strong> of Technology<br />
and Curtin <strong>University</strong>. The Health CRN aims to develop synergistic<br />
research relationships with larger metropolitan universities to provide<br />
<strong>CQ<strong>University</strong></strong> researchers access to larger facilities while providing<br />
metropolitan researchers better access to health networks on the<br />
ground in rural and regional communities. Under the auspices of the<br />
Health CRN, <strong>CQ<strong>University</strong></strong> has now hired four new Research Professors<br />
in targeted areas of Health and increased the leadership development<br />
capabilities across a range of disciplines. The Health CRN has also<br />
established a CRN Mentor Program to support the Early Career<br />
Researchers and provide professional development opportunities.<br />
The Office of Indigenous Engagement has worked with the Health<br />
CRN and other <strong>CQ<strong>University</strong></strong> directorates to ensure that research<br />
opportunities are inclusive of Aboriginal and Torres Strait Islander<br />
people. This has resulted in the Health CRN engaging an Early Career<br />
Researcher who identifi es as Aboriginal, and collaborative work<br />
being developed and implemented between the Offi ce of Indigenous<br />
Engagement and the Allied Health Clinic.<br />
Additionally, the Office of Indigenous Engagement has hosted a series<br />
of research seminars in 2012 that showcase the work of researchers<br />
who identify as Aboriginal or Torres Strait Islander people. These are<br />
open to the public and have been well attended by a broad cross section<br />
of university staff, external stakeholders and members of the public.<br />
RESEARCH INSTITUTES AND FLAGSHIPS<br />
<strong>CQ<strong>University</strong></strong>’s diverse research areas are embedded within a<br />
framework of research institutes and centres.<br />
The Appleton Institute is a multidisciplinary research hub based<br />
in Adelaide, combining excellence in research, teaching and<br />
community engagement across a range of scientifi c areas<br />
including sleep and biological rhythms, applied psychology,<br />
occupational health and safety, human factors, risk<br />
management and cultural anthropology.<br />
In 2012, the Education Flagship, encompassing both the IERC<br />
and LTERC, was strategically positioned within the fi eld of<br />
education research at <strong>CQ<strong>University</strong></strong>. The Flagship provides<br />
multidisciplinary research capabilities and expertise in ethically<br />
responsible, socially and culturally inclusive investigations<br />
into learning and teaching. LTERC is now at the cutting-edge<br />
of innovation using state-of-the-art visual tracking systems to<br />
undertake new research, leading to Australia’s initial eye tracking<br />
research methodology conference Eye Track Australia 2012.<br />
The Institute for Resource Industries and Sustainability (IRIS)<br />
provides multidisciplinary capabilities and expertise specifi cally<br />
structured to meet the needs of the Australian business sector.<br />
Research undertaken within the IRIS group of centres is very<br />
diverse: non-invasive assessment in agriculture, marine biosecurity,<br />
precision livestock management, ecological security laboratory and<br />
applied economics are some examples of the relevant and valuable<br />
research currently underway.<br />
The Institute for Health and Social Science Research provides a focus<br />
for multidisciplinary research that addresses the real needs of the<br />
communities in which it operates, and informs the undergraduate and<br />
postgraduate curriculum of <strong>CQ<strong>University</strong></strong>. The primary focus of this<br />
research is on informing, monitoring and evaluating programs, and<br />
interventions and behavioural changes that promote healthy, safe and<br />
viable communities.<br />
The <strong>Central</strong> <strong>Queensland</strong> Innovation and Research Precinct (CQIRP),<br />
purchased in 2011, has continued to grow as researchers occupy<br />
the laboratories and offi ce space. The research hub is expected to<br />
become a major regional research facility for research innovation in<br />
<strong>Central</strong> <strong>Queensland</strong>.<br />
29<br />
REVIEW OF OUR ACTIVITIES
30<br />
REVIEW OF OUR ACTIVITIES<br />
RESEARCH INCOME AND PERFORMANCE<br />
TABLE 2: RESEARCH INCOME AGAINST BENCHMARK GROUP AND INSTITUTIONAL<br />
SHARE FOR 2011<br />
Category Research Grants<br />
<strong>Report</strong>ed<br />
in 2012<br />
Institutional<br />
Benchmark<br />
Share<br />
Sector<br />
1 Australian Competitive $1 324 925 9.87% 0.09% 34<br />
2 Other Public Sector $2 843 555 18.36% 0.34% 31<br />
3 Industry and Other $1 917 479 11.81% 0.23% 35<br />
4 Cooperative Research Centre $1 003 517 12.08% 0.93% 24<br />
Total Research Funding $7 089 476 34<br />
National<br />
Ranking<br />
Source: Australian Government 2012 Institutional Performance Portfolio, <strong>CQ<strong>University</strong></strong><br />
<strong>CQ<strong>University</strong></strong> has continued on the journey to becoming a truly great university throughout<br />
2012, following implementation of the ‘research resurgence’ strategy. The initiatives that had<br />
commenced in previous years were continued and strengthened. These included a commitment<br />
to performance-based management for research delivery, and a commitment to the continued<br />
provision of a strong research training platform, the growth of research higher degree (RHD)<br />
enrolments and continued on-time completions. The creation of a dedicated School of Graduate<br />
Research for research higher degree administration and training at <strong>CQ<strong>University</strong></strong> was coupled<br />
with the appointment of a new Dean of the School of Graduate Research, Associate Professor<br />
Owen Nevin, to provide academic leadership for RHD students and supervisors.<br />
Our research revenue increased by 17% in total income reported in 2012. The <strong>University</strong>’s efforts<br />
to improve its research standing include increasing success in securing nationally competitive<br />
income as refl ected in an increased number of competitive grant applications submitted; a 37%<br />
increase in Category 2 income; and a 58% increase in Category 4 income.<br />
TABLE 3: RESEARCH PERFORMANCE AGAINST BENCHMARK GROUP AND<br />
INSTITUTIONAL SHARE FOR 2011<br />
Research Performance Indicators<br />
Number Institutional<br />
Benchmark<br />
Share<br />
Sector<br />
Weighted Research Publications 316.9 15.67% 0.57% 33<br />
Total HDR Student Load (EFTSL) 220.4 15.72% 0.54% 34<br />
Total HDR Award Completions 45 16.25% 0.57% 31<br />
Source: Australian Government 2012 Institutional Performance Portfolio, <strong>CQ<strong>University</strong></strong><br />
National<br />
Ranking<br />
TABLE 4 COMMONWEALTH RESEARCH BLOCK GRANT FUNDING AGAINST<br />
BENCHMARK GROUP AND INSTITUTIONAL SHARE FOR 2011<br />
Research Block Grant Categories<br />
Amount Institutional<br />
Benchmark<br />
Share<br />
Sector<br />
Research Training Scheme $2 239 885 12.62%A 0.36%<br />
Research Infrastructure Block Grant $209 810 10.18% 0.10%<br />
Australian Postgraduate Awards $682 548 11.17% 0.34%<br />
International Postgraduate Research $61 633 10.00% 0.31%<br />
Scholarship Scheme<br />
Sustainable Research Excellence $237 071 11.66% 0.19%<br />
Joint Research Engagement $1 291 254 15.23% 0.40%<br />
Total $4 722 201 12.73% 0.31% 34<br />
Source: Australian Government 2012 Institutional Performance Portfolio, <strong>CQ<strong>University</strong></strong><br />
National<br />
Ranking
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
31<br />
FACILITIES AND INFRASTRUCTURE<br />
Research at the <strong>University</strong> has gone from strength to strength in 2012,<br />
particularly on the back of signifi cant investment in the purchase of<br />
facilities, development of systems and implementation of infrastructure<br />
across the campus portfolio. Besides the continued support for<br />
research activities within existing operations, the <strong>University</strong> has<br />
invested heavily in new, dedicated research facilities in support of the<br />
excellent work undertaken by our world-class research teams.<br />
ACCESS GRID<br />
Our leading-edge video collaboration facilities (i.e. access grids)<br />
at Rockhampton, Bundaberg and Mackay were upgraded during<br />
2012 to provide high-defi nition video and audio capability.<br />
Access grids provide visualisation of multiple data sets in real<br />
time, enabling researchers to collaborate with researchers<br />
around the world.<br />
REVIEW OF OUR ACTIVITIES<br />
TABLE 5: BUILDINGS INFRASTRUCTURE HIGHLIGHTS FOR<br />
RESEARCH IN 2012 HAVE INCLUDED:<br />
Campus Description Cost/<br />
Budget<br />
Rockhampton <strong>Central</strong> <strong>Queensland</strong> Innovation and<br />
Research Precinct (Stage 1 – occupation<br />
and fi tout post facility purchase)<br />
$1.1m<br />
Adelaide<br />
Appleton Institute – Sleep Research<br />
Centre fi tout<br />
$2.0m<br />
Biodiesel researchers Associate Professor Nanjappa Ashwath and<br />
Subhash Hathurusingha inspect a beauty leaf tree as a likely new<br />
fuel source.<br />
During 2012, the <strong>University</strong> successfully submitted ERA and Higher<br />
Education Research Data Collection (HERDC) reporting. Much of this<br />
work was due to the consultation between Offi ce of Research, Library<br />
Directorate and Information Technology Directorate. The ability to work<br />
together to ensure the required information was provided in a timely<br />
manner whilst giving the Offi ce of Research the opportunity to correct<br />
and qualify data to guarantee reporting was correctly recorded and<br />
giving positive outcomes in terms of research output for the <strong>University</strong>.<br />
Key systems supporting the signifi cant research portfolio include:<br />
eRESEARCH<br />
eResearch support for existing and new researchers has been<br />
bolstered through the <strong>University</strong>’s alliance with the Australian Access<br />
Federation and <strong>Queensland</strong> Cyber Infrastructure Foundation (QCIF)<br />
which has improved access for researchers to national facilities such<br />
as QCloud research services including data storage, specialist webbased<br />
video collaboration tools, and access grid visualisation services.<br />
HIGH PERFORMANCE COMPUTING (HPC)<br />
In 2012, <strong>CQ<strong>University</strong></strong> was successful in gaining funding from the<br />
<strong>Queensland</strong> Cyber Infrastructure Foundation (QCIF) to upgrade the High<br />
Performance Computing (HPC) facility. The new HPC facility which was<br />
commissioned in November 2012 provides a signifi cant increase (14 x<br />
previous capacity) to allow researchers to undertake more advanced<br />
analysis and visualisation of data. The HPC facility has enabled<br />
<strong>CQ<strong>University</strong></strong> researchers to signifi cantly improve research results in<br />
areas such as analysing genomic data, hydrological statistical analysis,<br />
time delay control system problems, and medical image reconstruction.<br />
Dr Vicky Vicente-Beckett displays the trophy<br />
on offer for schools competing in the regional<br />
titration competition.
32<br />
REVIEW OF OUR ACTIVITIES<br />
ENGAGEMENT<br />
OUR AIM: We will engage in all areas of endeavour. Our interactions with our communities will drive our Learning and Teaching, Research<br />
and Innovation, and Enterprise. Through these interactions, we will identify and address the needs of our communities, industry and the<br />
<strong>University</strong> which deepens our students’ civic and academic learning, and enhances community wellbeing. We will also enrich our scholarship<br />
and research in a way that benefi ts both the <strong>University</strong> and its stakeholders.<br />
STRENGTHENING AND BUILDING RELATIONSHIPS<br />
Throughout 2012, <strong>CQ<strong>University</strong></strong> continued to embrace its ‘power of<br />
place’ and enhance relationships with staff, students, organisations<br />
and community members across its diverse multi-city campus footprint.<br />
The <strong>University</strong> has a strong focus on empowering communities through<br />
collaboration and supported this again in 2012 through Community<br />
Connection Forums and interactive Regional Engagement Committees<br />
(RECs). Facilitated across five regional centres, this ongoing stakeholder<br />
engagement resulted in the review of regional priorities including research<br />
needs, human services and Indigenous issues; student accommodation<br />
options; and programs required by local industry and business.<br />
<strong>CQ<strong>University</strong></strong> aspires to be recognised as an inclusive university at the<br />
forefront of providing access to higher education for all individuals.<br />
The <strong>University</strong> has ongoing initiatives such as Engage Education,<br />
Start Uni Now, and Tertiary Education Preparation, which target the<br />
preparation of students, including those from low socio-economic<br />
status (SES) backgrounds, for university life and beyond. Additional<br />
widening participation activities, such as the Artists in Residence<br />
program, and the launch of a Mobile Education Trailer (MET), focussed<br />
on educational participation through engaged learning at more than<br />
100 primary schools throughout <strong>Central</strong> <strong>Queensland</strong>.<br />
Aspiring to be Australia’s most engaged university, <strong>CQ<strong>University</strong></strong> places a<br />
strong focus on enhancing relations and promoting engagement between<br />
the <strong>University</strong> and a wide range of external partners at the local,<br />
national and international level. During 2012, more than 20 Memoranda<br />
of Understanding (MOUs) were implemented with organisations in<br />
Australia, China, South Korea, Finland, Sweden and Kuwait, among<br />
others, introducing a wide range of opportunities including pathway<br />
articulations, staff and student exchanges and study tours. Also playing<br />
a key role in facilitating industry engagement, the <strong>University</strong>’s QCPD<br />
worked closely with industry and business to provide career services<br />
and tailored professional development programs to meet the needs of<br />
resources industries and other employers. Partnerships with businesses<br />
such as Fitlink Australia, Joncris Sentinel Services and Group Engineering<br />
created valuable opportunities for <strong>CQ<strong>University</strong></strong> and its students.<br />
With the establishment of the Offi ce of Indigenous Engagement<br />
and the appointment of the Pro Vice-Chancellor and BMA Chair<br />
(Indigenous Engagement) in 2012, <strong>CQ<strong>University</strong></strong> has ensured that there<br />
is renewed effort and increased focus on engaging with Aboriginal<br />
and Torres Strait Islander students, service providers, business and<br />
communities. The Pro Vice-Chancellor has been proactive in listening<br />
to community members, developing partnerships and speaking at a<br />
range of Aboriginal and Torres Strait Islander community events. This<br />
work has been vital in laying the foundations for the intensive work<br />
that will be required to progress the fi nalisation of <strong>CQ<strong>University</strong></strong>’s<br />
Aboriginal and Torres Strait Islander Strategy, the development of<br />
<strong>CQ<strong>University</strong></strong>’s Reconciliation Action Plan and the implementation of<br />
associated activities.<br />
The <strong>University</strong>’s engagement with its alumni grew steadily in 2012<br />
building on a comprehensive communication program including regular<br />
electronic and printed materials, nation-wide and international events<br />
and a suite of benefits, the most popular being access to library<br />
journals. The Distinguished Alumni program continued to identify<br />
high achieving alumni and inspired the introduction of Alumni Awards<br />
and the production of promotional material. Alumni were surveyed to<br />
ascertain preferences for communication and engagement with the<br />
<strong>University</strong> which provided credible data to inform future activity.<br />
The Industry, Vocational Training and Access Education Division has<br />
championed engagement through all its business activities in 2012.<br />
Students have graduated this year through the Skills for Tertiary<br />
Education Preparatory Studies (STEPS) program and can now continue<br />
their journey onto higher education. The STEPS program has been<br />
expanded to metropolitan campuses and will continue to grow in 2013.<br />
The Academic Learning Centres have continued to engage with<br />
undergraduate students of the <strong>University</strong> and have provided individual<br />
learning support to students. The Academic Learning Services Unit<br />
(ALSU) is establishing two new learning centres in Science and<br />
Computing for 2013.<br />
CONTRIBUTING TO GROWTH<br />
With engagement fully entrenched in <strong>CQ<strong>University</strong></strong>’s vision, mission,<br />
values and strategy, the realisation of aspirations is largely impacted by<br />
the provision of ongoing capacity-building in the practice of engagement.<br />
In 2012, <strong>CQ<strong>University</strong></strong> launched an online staff platform dedicated<br />
to engagement news, professional development and rewards and<br />
recognition, as well as access to internal and external engagement<br />
resources. The Engagement Channel has assisted staff in making the<br />
most of interactions with internal and external communities and provided<br />
access to a database to record their contribution to the <strong>University</strong>’s<br />
engagement journey. Development in specialised engagement strategy<br />
components was also a key focus, with Service-Learning targeted in<br />
2012. In March, <strong>CQ<strong>University</strong></strong> hosted a visiting scholar from Texas State<br />
<strong>University</strong> to share their Service-Learning expertise and knowledge with<br />
all staff. The <strong>University</strong> later appointed two Adjunct Professors in Service-<br />
Learning, one national and one international, to provide staff with ongoing<br />
development in this emerging learning and teaching initiative.<br />
For the third consecutive year, <strong>CQ<strong>University</strong></strong>’s Opal Awards for Excellence<br />
in Engagement recognised and rewarded staff for outstanding<br />
engagement in collaboration with external communities. Award<br />
categories, which focused on Learning and Teaching, Research and<br />
Innovation, and Service, again encouraged quality engagement aligned to<br />
the <strong>University</strong>’s strategic priorities and community needs. From 2012, the<br />
Opal Awards feature a new category, Engaged Service-Learning, which<br />
recognises <strong>CQ<strong>University</strong></strong> students engaged with the community. Details<br />
of all 2012 Award finalists are available later in this report.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
A number of <strong>CQ<strong>University</strong></strong>’s achievements in the engagement arena were<br />
highlighted at the 2012 annual Engagement Australia Conference held in<br />
Brisbane. Two Conservatorium of Music students were selected to attend<br />
the conference to showcase the successful applied theatre program<br />
‘Choices’. In addition, the Pro Vice-Chancellor (Community and Engagement)<br />
presented a paper on ‘Engaging with communities: an empowerment<br />
approach to university–community engagement’ and facilitated a workshop<br />
on ‘Leading a <strong>University</strong>'s Engagement Strategy’. The <strong>University</strong>’s<br />
representation within this organisation will be strengthened following the<br />
2012 appointment of the Pro Vice-Chancellor (Community and Engagement)<br />
as Chair of the Engagement Australia Board. At the forefront of promoting<br />
and facilitating discussion and development of university–community<br />
engagement across Australia and Asia Pacific, strong representation on this<br />
Board will enhance <strong>CQ<strong>University</strong></strong>’s ability to interact with other engagementminded<br />
universities, organisations and individuals worldwide.<br />
Fundraising activity at the <strong>University</strong> entered a new phase in 2012 with BHP<br />
Billiton Mitsubishi Alliance (BMA) establishing a significant partnership<br />
with the <strong>University</strong> to name the BMA Chair in Indigenous Engagement and<br />
a suite of scholarships in support of <strong>Central</strong> <strong>Queensland</strong> students wishing<br />
to pursue non-mining related careers. The B. Macfie Family Foundation<br />
renewed its significant support for research into environment related issues<br />
and the John Villiers Trust ambulance was purchased as a teaching and<br />
learning resource primarily aimed at Paramedic Science students. The<br />
<strong>University</strong> continued to receive support for undergraduate scholarships<br />
and academic prizes from a range of continuing and new industry partners<br />
and generous individuals. The funding support of corporations, trusts and<br />
individuals is deeply appreciated by the <strong>University</strong> and is a very significant<br />
source of encouragement and practical support for students.<br />
Throughout 2012, the Industry, Vocational Training and Access Education<br />
Division has also been working with the <strong>University</strong>’s Deans, vocational<br />
education providers and industry partners to develop new pathways<br />
between vocational and academic learning. We have established 871<br />
articulations and 23 dual offers with over 80 Australian and international<br />
organisations. Twenty-five additional dual offers have been submitted to<br />
QTAC and are currently being progressed.<br />
In response to a need in <strong>Central</strong> <strong>Queensland</strong>’s resources industry,<br />
QCPD initiated the launch of a postgraduate qualifi cation in Project<br />
Management. QCPD is proud to report that 27 industry employees from<br />
the inaugural cohort will graduate from the program in 2012. QCPD’s<br />
newly established tendering service in collaboration with IRIS won<br />
business with Horticulture Australia Ltd for the delivery of training to<br />
horticulture retailers.<br />
QCPD is currently working with <strong>CQ<strong>University</strong></strong>’s own registered training<br />
organisation (RTO) Health Train to facilitate an articulated pathway into<br />
the <strong>CQ<strong>University</strong></strong> graduate programs via the Certifi cate IV and Diploma<br />
in Project Management. Throughout 2012, QCPD has been working<br />
with industry and across the <strong>University</strong> to develop commercial online<br />
short courses for professional development, which will be available<br />
from 2013.<br />
CULTURAL LINKAGES<br />
With engagement as a core premise of the <strong>University</strong>, cultural<br />
linkages are a key attribute of its operations. This is displayed in<br />
learning and teaching activities, as earlier described, but also in<br />
sporting and community events. <strong>CQ<strong>University</strong></strong> hosts a range of<br />
such activities each year, some of the more ‘renowned’ being<br />
the Mini Olympics and Chancellor’s Cup, as well as regular<br />
formal and informal on-campus activities, which are favourites<br />
with international students and provide opportunities for<br />
linkages to occur.<br />
Within the community, a great example of cross-cultural<br />
engagement is the work undertaken by <strong>CQ<strong>University</strong></strong>’s Sydney<br />
campus students and staff with The Exodus Foundation, a<br />
charitable organisation that assists homeless and abandoned<br />
youth, and other people in need. This is part of an ongoing<br />
commitment, whereby the campus sends a team of volunteers<br />
once a month to the ‘Loaves and Fishes Free Restaurant’ in<br />
Ashfi eld, which serves food to the homeless. This also has the<br />
benefi t of allowing international students to experience a way of<br />
life they have not been exposed to while in Australia.<br />
Within <strong>Central</strong> <strong>Queensland</strong>, the English Language Centre (based on<br />
the <strong>CQ<strong>University</strong></strong> Rockhampton campus) provides a great vehicle for<br />
connections to partner institutions in other countries. It provides a<br />
strong platform for <strong>CQ<strong>University</strong></strong> to link various communities within<br />
the local region, through a common desire to improve their English<br />
skills and play a greater role in our wonderfully diverse community.<br />
During 2012, around 170 students and about 20 accompanying staff have<br />
visited Rockhampton to participate in tailored English Language Centre<br />
study tours, from institutions in Korea, China, Japan and Thailand. In<br />
addition, the Rockhampton, Yeppoon and Gladstone schools who teach<br />
Japanese and Korean welcome these students into their classrooms to<br />
enrich the learning experiences of the Australian students.<br />
The engagement goes to the heart of our <strong>Central</strong> <strong>Queensland</strong><br />
community, with all the students being accommodated in Homestay,<br />
with families who have committed to this service for many years. The<br />
students undertake English language classes, but also participate<br />
in a range of cultural and tourist activities such as visits to islands,<br />
farms, cultural centres and wildlife parks. Many lasting friendships are<br />
developed, and many students return to Rockhampton for further study,<br />
or as tourists.<br />
33<br />
REVIEW OF OUR ACTIVITIES
34<br />
REVIEW OF OUR ACTIVITIES<br />
OPEN CAMPUSES<br />
<strong>CQ<strong>University</strong></strong> hosted on-campus open days and career information<br />
events throughout 2012 in conjunction with various community<br />
partners. These events introduced prospective students and the<br />
broader community to the <strong>University</strong>’s program offerings, facilities,<br />
staff and student support services, as well as partnerships with local<br />
business and industry.<br />
The <strong>University</strong> prides itself on its open campus philosophy, and<br />
continued to encourage business, industry, community and sporting<br />
groups to use campus facilities for various activities throughout the<br />
year. During 2012, <strong>CQ<strong>University</strong></strong> was privileged to support many<br />
external organisations, groups and individuals in hosting events such<br />
as the Northern <strong>Queensland</strong> Engineering Conference 2012, CQ Fair<br />
Day, and 2012 Cultural Diversity Forum.<br />
FACILITIES AND<br />
INFRASTRUCTURE<br />
Various community activities continue to be held across the<br />
campus portfolio, and land and/or buildings have been provided for<br />
community facilities. These have included a multi-faith centre and<br />
links with <strong>Queensland</strong> Health (as part of the Allied Health Clinic)<br />
in Rockhampton, as well as an autism research centre operated<br />
by the AEIOU Foundation on the Bundaberg campus. Community<br />
engagement has strong links to the Engaged Learning and Teaching<br />
and Engaged Research strategies of the <strong>University</strong>, with synergies<br />
across these areas leading to improved outcomes for students, staff<br />
and communities.<br />
ENGAGED SERVICE<br />
With a focus on giving back to the community, <strong>CQ<strong>University</strong></strong> staff<br />
partnered with individuals, industry and business on a daily basis<br />
to create and exchange knowledge and deliver services. E-DNA, the<br />
<strong>University</strong>’s engagement database launched late 2011, recorded<br />
in excess of 600 engagement-related activities as entered by staff<br />
to the end of 2012. The ability to track engagement data in this<br />
manner has resulted in benefi ts to individual staff from a career and<br />
professional development perspective, and the <strong>University</strong> through<br />
the mapping of relationships, identifi cation of opportunities, and<br />
measurement of performance. The data collected within E-DNA<br />
refl ects a trend towards higher staff participation in service-related<br />
engagement activity (particularly external) compared with the<br />
other engagement categories captured. To assist staff in further<br />
enhancing community service activity, the provision of Engaged<br />
Service Leave was negotiated, granting staff members up to<br />
7.25 hours per year (non-cumulative) to volunteer their time to a<br />
registered charity.<br />
A member of the Regional Universities Network (RUN), <strong>CQ<strong>University</strong></strong><br />
contributed to the development of a proposal entitled ‘Regional<br />
Universities Network contribution to regions and the nation – A<br />
report on the social, cultural and environmental impact of the<br />
Universities’. Subsequently sanctioned by Vice-Chancellors of the<br />
RUN group, anticipated outcomes of the enacted proposal include a<br />
robust framework for classifying and measuring the social, cultural<br />
and environmental impact of regional universities in the Australian<br />
context; detailed case studies that describe the nature and extent<br />
of contribution across the range of university activities and outcome<br />
areas; and a report of RUN’s performance against the framework. It is<br />
envisaged that the outcomes of this investigation would also provide a<br />
basis for further associated research into the future.<br />
<strong>CQ<strong>University</strong></strong> is supporting organisations like the Salaam Baalak Trust, which<br />
is dedicated to the care and protection of street children in India.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
ENGAGED ENTERPRISE<br />
OUR AIM: <strong>CQ<strong>University</strong></strong> will have a positive culture which supports people and capability, manages performance, and values the <strong>University</strong>’s s<br />
staff, students, communities and industry partners. We are committed to high standards of governance and a continuing quest for quality. Our<br />
financial, physical, management and information technology systems and infrastructure supports the <strong>University</strong>’s core business.<br />
STUDENT OUTCOMES<br />
ACCESS AND INCLUSION<br />
COUNSELLING AND DISABILITY SERVICE<br />
In 2012, the Disability Service received 192 registrations from<br />
students who accessed the service 544 times for consultation.<br />
Assistive services were provided to 128 students in examination<br />
conditions and a further 18 students required participation assistance.<br />
The Counselling Service provided support and assistance to<br />
885 students. In addition to one-on-one support to students, the<br />
Counselling team also provided a number of psycho-educational<br />
programs to a total of 1011 students and 57 <strong>CQ<strong>University</strong></strong> staff<br />
members in 2012.<br />
FINANCIAL ASSISTANCE<br />
There were 61 student loans provided in 2012 totalling<br />
$36 399.<br />
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REVIEW OF OUR ACTIVITIES<br />
TABLE 6: SCHOLARSHIPS, FINANCIAL ASSISTANCE AND GRANTS<br />
Scholarships, Awards<br />
and Grants<br />
Equity Technology Award (ETA)<br />
Laptops<br />
Brief Description<br />
Number awarded<br />
in 2012<br />
Expenditure<br />
$1250 per unit 50 $50 000<br />
Equity Merit Scholarship (EMS) $2000 max per calendar year 362 $724 000<br />
Indigenous Commonwealth Scholarship payments from $2377 (ICECS) and $2754 (ICAS) 49 $106 965<br />
Scholarship<br />
Indigenous Access Scholarship $4485 one-off payments 20 $89 700<br />
(IAS)<br />
Commonwealth Scholarships for Scholarship payments from $2377 (CECS) and $2754 (CAS) 226 $218 684<br />
Continuing Recipients<br />
Equity Compulsory Placement $100–$1500 170 $67 666<br />
Initiative<br />
<strong>CQ<strong>University</strong></strong> Accommodation<br />
Scholarship<br />
Approx $9700 full board at <strong>CQ<strong>University</strong></strong> student residences 32 new<br />
19 continuing<br />
$417 969<br />
CQUni Cares Grants $500 towards compulsory residential school costs 9 $4430<br />
CQUni Connect $250 <strong>CQ<strong>University</strong></strong> bookshop vouchers 142 $35 500<br />
START UNI NOW (SUN) PROGRAM<br />
In 2012, 36 schools participated in the SUN program with 94 student<br />
enrolments for the year. There are currently 120 SUN courses<br />
available to students, including those from new programs added this<br />
year: Law, Allied Health, Paramedic Science, Chiropractic Science and<br />
Tourism.<br />
WIDENING PARTICIPATION – PARTNERSHIPS<br />
In 2012, Higher Education Participation and Partnerships Program<br />
(HEPPP) funding enabled the widening participation initiative to<br />
increase from eight programs in 2011 to 10 programs in 2012. A<br />
majority of the programs were delivered through 54 sessions located<br />
at school sites and across <strong>CQ<strong>University</strong></strong> campuses.<br />
The introduction of the Mobile Education Trailer in 2012 saw<br />
the program reach 112 primary schools as far west as Birdsville,<br />
<strong>Queensland</strong>. Overall, 6260 school students with low socio-economic<br />
status across <strong>Central</strong> <strong>Queensland</strong> participated in widening<br />
participation programs in 2012, compared to 1206 students in 2011.<br />
MONITORING ACADEMIC PROGRESS (MAP)<br />
In 2012, 709 MAP 1 interviews were conducted with students who<br />
were making unsatisfactory academic progress and 166 action plans<br />
and learning agreements were put in place.
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REVIEW OF OUR ACTIVITIES<br />
ALLY PROGRAM<br />
In 2012, the student-led Ally Program was rolled out to <strong>CQ<strong>University</strong></strong><br />
Bundaberg, Mackay, Noosa and Rockhampton. The program aimed to<br />
create a supportive <strong>University</strong> culture for LGBTI students by raising<br />
awareness and countering discriminatory attitudes and behaviours. A<br />
total of 36 students attended a one-day training program.<br />
EQUITY PROJECTS<br />
In 2012, HEPPP funding was directed towards essential services and<br />
projects to support low socio-economic status (LSES) students. HEPPP<br />
funding also supported the implementation of learning and teaching<br />
projects which aimed to embed inclusive practices and/or modify<br />
teaching delivery and learning methods to better meet the needs of<br />
students from LSES backgrounds. In 2012, a number of projects were<br />
facilitated by HEPPP funding:<br />
• The provision of Careers and Program Advisors on regional<br />
campuses.<br />
• The establishment of First-Year Experience Offi cers to enhance<br />
orientation and transition practices at <strong>CQ<strong>University</strong></strong>.<br />
• A First-Year Distance Learning Facilitator was placed in the School<br />
of Education with the dual role of supporting both students and<br />
academic staff in the design and delivery of fi rst-year distance<br />
education courses.<br />
• The development and implementation of a multimedia engineering<br />
resource in the School of Engineering and Built Environment to<br />
support non-traditional learners who enter <strong>University</strong> with variable<br />
skills and knowledge levels.<br />
• The creation of Coordinator positions on regional campuses to<br />
support and/or transition new students in the Bachelor of Nursing.<br />
• The implementation of a computing assistance service (including<br />
resources, workshops and individual assistance) to assist targeted<br />
students who experience diffi culties with computing related<br />
coursework and general computer skills.<br />
• Improved integration of library and research skills support for<br />
distance education students, with a focus on LSES, mature-aged<br />
students based in the south-east corner of <strong>Queensland</strong>.<br />
FIRST-YEAR EXPERIENCE<br />
In 2012, there were 194 active student mentors across <strong>CQ<strong>University</strong></strong><br />
campuses and distance education. For on-campus orientation sessions<br />
in Term 1 and Term 2 there were 1336 and 183 students in attendance<br />
respectively. In Term 2 2012, 215 students completed the core<br />
materials in Orientation Online.<br />
CAREERS<br />
The 2012 Careers Fair hosted 43 local, national and international<br />
employers who targeted students across a diverse range of disciplines.<br />
Approximately 550 students attended the fair. Work-integrated<br />
learning (WIL) placements were organised for nine students throughout<br />
2012 and 782 students from 19 schools participated in the Career<br />
Match Program.<br />
STUDENT CENTRES INITIATIVES<br />
CONVERSION PROJECT<br />
During 2012, the Student Centres continued the conversion project.<br />
Conversion occurs at different touch points from the point of contact<br />
with a potential student through until completion of the academic Term.<br />
The conversion approach is based on the principles of relationship<br />
management coordinated through a customer relationship management<br />
(CRM) system. The conversion project is supported by a Communications<br />
Plan which involves targeted communications for students from the time<br />
of offer through to enrolment (and beyond) for the Term. All commencing<br />
undergraduate and postgraduate students were issued with a USB stick<br />
that contained helpful information for commencement.<br />
TERTIARY ADMISSION CENTRES<br />
In 2012, <strong>CQ<strong>University</strong></strong> Australia commenced working with the Victorian<br />
Tertiary Admissions Centre (VTAC). The fi rst cohort of domestic<br />
students will be admitted to <strong>CQ<strong>University</strong></strong> Melbourne or via distance<br />
education. <strong>CQ<strong>University</strong></strong> Australia now admits domestic students<br />
via three Tertiary Admission Centres: QTAC, the New South Wales<br />
<strong>University</strong> Admission Centre (UAC) and VTAC.<br />
STUDENT COMMUNICATION<br />
Student Communications co-ordinated with other <strong>CQ<strong>University</strong></strong><br />
departments over the course of 2012 to develop and implement<br />
such initiatives as the commencing student welcome emails, fi rstyear<br />
student communication, Student Services and Amenities Fee<br />
feedback, and the Rockhampton campus reception drop-in sessions.<br />
The <strong>CQ<strong>University</strong></strong> website upgrade was a signifi cant project for 2012<br />
and further development will continue over 2013. The functionality<br />
of the Student Portal was utilised throughout 2012 with signifi cant<br />
improvements made to document accessibility and version control.<br />
During 2012, students continued to receive the Student Broadcast<br />
email fortnightly as well as regular communication via the Student<br />
Portal and student email accounts.<br />
CQUNIVERSITY STUDENT RESIDENCES<br />
In 2012, the Student Residences hosted the Fifth <strong>Annual</strong> Chancellor’s<br />
Cup Sports Tournament. The success of this tournament in recent years<br />
will see the event expand to include the regional campuses in 2013.<br />
A strategic ‘Academic Excellence’ focus was established at the<br />
Student Residences in 2012. The Join-In program, a major element of<br />
this focus, is a new and innovative peer-led academic tutorial program<br />
which had over 60 regular participants throughout the year.<br />
The success of the 2011 Professorial Lecture in Rockhampton resulted<br />
in both the Mackay and Rockhampton Student Residences hosting their<br />
own Professorial Lecture in 2012. ‘What are the odds? Dealing with<br />
uncertainty and risk,’ presented by Professor Kevin Tickle in Rockhampton;<br />
and ‘Why my child cannot hear the dragonfly,’ presented by Professor<br />
Jennelle Kyd in Mackay, were extremely well received by students, staff<br />
and the community. During Term 2, the Mackay and Rockhampton Student<br />
Residences celebrated the academic achievements of their students with<br />
an Academic Awards presentation at each campus.<br />
Overall student numbers increased in 2012 compared with 2011. Group<br />
and individual guest accommodation slightly increased compared with<br />
2011 fi gures.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
STUDENT BUSINESS CENTRE<br />
In 2012, the Examinations and Timetabling section of the Student<br />
Business Centre (SBC) administered over 50 000 offi cial end-of-term<br />
examinations across more than 190 exam centres worldwide. Some<br />
of the exams administered in 2012 include those held for Australian<br />
troops in Afghanistan and East Timor, and students in places from<br />
Mongolia to Papua New Guinea to Niue.<br />
The Student Fees and Records section of the SBC produced 4350<br />
official transcripts and 2140 Australian Higher Education Graduation<br />
Statements (AHEGS) on paper-stock bearing some new in-built security<br />
controls. The team has also assessed and processed 550 requests for<br />
removal of financial liability and withdrawal without academic penalty,<br />
and followed up on a large number of outstanding Commonwealth<br />
Assistance Forms (CAFs), thereby enabling the retention of students<br />
who would otherwise need to have enrolments cancelled under the<br />
terms of the Higher Education Support Act (2003).<br />
COURSE INFORMATION CENTRE<br />
Staff in the Course Information Centre dealt with over 15 000 requests<br />
for assistance from enrolled students. Each request generated an<br />
email conversation that was recorded and tracked for future reference,<br />
building a picture of each student’s interaction with Program Advisors.<br />
A total of 8675 credit transfers were processed, and over 4200<br />
students were assessed as eligible to graduate.<br />
CAMPUS RECEPTION<br />
Campus Reception was opened in February 2012 and is now the point<br />
of contact for all students on Rockhampton campus. Campus Reception<br />
operates as a central point for visitors and enables both current and<br />
prospective students to seek directions, guidance and advice from<br />
friendly staff members.<br />
CQUNIVERSITY ACCESS SCHEMES<br />
In 2012, <strong>CQ<strong>University</strong></strong> Access Schemes were implemented across<br />
various Tertiary Admissions Centres. Receiving additional OP points or<br />
tertiary selection ranks assists access and participation in higher<br />
education from eligible applicants, especially those from underrepresented<br />
backgrounds. The Regional Bonus Scheme, the<br />
Educational Access Scheme and the School Bonus Scheme were<br />
made available to domestic students applying for undergraduate<br />
admission through QTAC, UAC and VTAC.<br />
COMPLAINTS MANAGEMENT<br />
In 2012, <strong>CQ<strong>University</strong></strong> revised its Student Complaints Policy<br />
and Procedures as a result of the <strong>Queensland</strong> Ombudsman<br />
Review. <strong>CQ<strong>University</strong></strong> is committed to a complaint-handling<br />
process based on the principles of good decision-making,<br />
visibility and access, responsiveness, assessment and action,<br />
feedback and monitoring effectiveness.<br />
Complaints are managed impartially, effectively, fairly and<br />
economically. The Academic Registrar ensures that staff are<br />
trained and informed of the complaint handling process and<br />
that senior <strong>University</strong> offi cers are clearly directed to investigate,<br />
resolve and record complaints in their Divisions and Directorates.<br />
The Academic Registrar’s offi ce fi nalised 172 complaints<br />
throughout 2012. These complaints were submitted through the<br />
CRM system. Turnaround times are monitored and reported to the<br />
Vice-Chancellor’s Advisory Committee (VCAC).<br />
GRADUATION<br />
The <strong>University</strong> conducted 16 graduation ceremonies throughout the year<br />
at Brisbane, Bundaberg, Gladstone, Gold Coast, Mackay, Melbourne,<br />
Noosa, Rockhampton, Singapore and Sydney. A total of 4830 graduates<br />
were conferred with awards, including 11 Doctoral awards.<br />
Thirteen graduates from the <strong>University</strong>’s wholly-owned registered<br />
training organisation, HealthTrain, attended the 13 December 2012<br />
Melbourne Graduation Ceremony. This was the <strong>University</strong>’s first<br />
ceremony to include HealthTrain graduates.<br />
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REVIEW OF OUR ACTIVITIES<br />
TABLE 7: HONORARY AWARDS CONFERRED IN 2012<br />
Companion of the <strong>University</strong><br />
Honorary Doctor of the <strong>University</strong><br />
Honorary Master of Engineering<br />
Honorary Doctor of Social Work<br />
Honorary Doctor of Engineering<br />
Emeritus Professor of the<br />
<strong>University</strong><br />
Dr Denise Powell MBBS(Hons) Qld, GradCertHlthProfEd Monash, GradCertAppSc(BrstUltrasound) QUT,<br />
GradDipHumNutr Deakin, GradDipFamMed Monash, FRACGP, FASBP<br />
Ms Julie Boyd RN, GAICD, FAIM<br />
Ms Judith Tatow BArts CQU<br />
Mr Allan Ruming MAICD<br />
Reverend Bill Crews AM, BElectEng UNSW<br />
Mr Maxwell Davis PSM BEng(Mech) CIAE, MEng(Mech) VIC, RPEQ<br />
Mr Glen Schumacher BEng(Mech) UTS, GradCertHRMgt USQ, MEng(PowerGen) Qld, MBusAdmin Deakin<br />
Professor Mark Burton BSc(Hons), PhD UNE<br />
Professor Ken Hawkins DipPE Melbourne, BArts Monash, MEd Minnesota, PhD Deakin, FAIM, FAICD<br />
Professor Kevin Tickle CertEngGroundHydro UNSW, BSc, MScSt Qld, PhD Griffi th
38<br />
REVIEW OF OUR ACTIVITIES<br />
TABLE 8: GRADUATION CEREMONY GUEST SPEAKERS<br />
Location<br />
Guest Speaker<br />
Rockhampton, 23 February Mr Graham Carpenter, GDM CIAE, MBA CQU, FCA, FAICD<br />
Board Chairman, Stanwell Corporation Limited<br />
Singapore, 10 March Professor Graham Pegg, BSc(Hons), PhD JCU<br />
Deputy Vice-Chancellor, Higher Education Division, <strong>CQ<strong>University</strong></strong> Australia<br />
Bundaberg, 19 April Dr Denise Powell, MBBSHons Qld, GradCertAppSc QUT, GradCertHlthProfEd, GradDipFM, MFM Monash,<br />
GradDipHumNutrition Deakin, CFP, FASBP, FRACGP<br />
Principal, Millbank Medical Practice<br />
Mackay, 27 April<br />
Superintendent Graham Coleman, GradCertMgt, GradDipMgt CQU, APM<br />
District Offi cer and Disaster District Coordinator, Mackay Police District<br />
Brisbane, 8 May<br />
Ms Jessica van Vonderen, BArts(Jour) USQ<br />
Host of 7.30 Qld and State political reporter, ABC TV <strong>Queensland</strong><br />
Sydney, 9 May<br />
Reverend Bill Crews, AM BElecEng UNSW, BTh UCUTC, JP<br />
Minister, Exodus Foundation<br />
Melbourne, 11 May Emeritus Professor Kwong Lee Dow AO, BEd, BSc(Hons), HonLLD Melbourne, HonDUniv Ballarat, HonDEd HKIEd<br />
Emeritus Professor, <strong>University</strong> of Melbourne<br />
Gladstone, 30 May Mr Paul Walmsley, AssDipStk&MeatInspect, CertAnimalHusb,GradCertRuralSysMgt Qld<br />
Executive Regional Director, Gladstone with the <strong>Queensland</strong> Government<br />
Noosa, 26 June<br />
Mr David Turner, DipT JCU, BEd QUT, MBA SCU, MLMEd Newcastle, EdD CQU, FACLM<br />
Principal, Bald Hills State School<br />
Brisbane, 11 September Mr Max Davis, PSM BEng(Mech) CIAE, MEng(Mech) VIC, RPEQ<br />
Director, Adhesion Associates<br />
Sydney, 12 September Mr Phill Nosworthy<br />
Head, Partnerships and Business Development, ChangeLabs<br />
Melbourne, 14 September Associate Professor Jane Munro AM, BA(Hons) Sydney, MA, PhD Harvard<br />
Head of College – International House, <strong>University</strong> of Melbourne<br />
Rockhampton, 20 September Ms Patrice Brown, CertSugarChem Mackay TAFE, BApSc(Chem) UCQ, MEng(Civil) UNSW, GradDipBus,<br />
CertEnvMaritimeMgt Lloyds, CEnvP, MAICD, MEIANZ<br />
Director, CQG Consulting<br />
Gold Coast, 10 December Ms Laura Daniels, BICT JCU/SCU<br />
Manager Industry Engagement, Business Strategy and Engagement, CITEC<br />
Sydney, 12 December Mr Alex Malley, DipEd Sydney, BCom, MCom NSW, FCPA<br />
Chief Executive Offi cer, CPA Australia<br />
Melbourne, 13 December Dr Noel Edge, BCom, MIS Qld, PhD Bond, FACS, MAICD, AIMM, FINSIA<br />
Executive Director and Chief Executive Offi cer, Graduate Careers Australia
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
39<br />
CQUNIVERSITY MEDALS<br />
The <strong>University</strong> may award <strong>CQ<strong>University</strong></strong> medals to students who have<br />
achieved an exceptionally high level of performance in their studies in<br />
certain programs. The recipient for 2012 was:<br />
Mr Mitchell Lees<br />
Bachelor of Engineering (Honours) (Coop) First Class<br />
GPA of 6.971<br />
FACULTY OF SCIENCES, ENGINEERING AND HEALTH<br />
Ms Tanya Elstob<br />
Bachelor of Biomedical Science<br />
GPA 6.87<br />
Mr Mitchell Lees<br />
Bachelor of Engineering (Honours) (Coop) First Class<br />
GPA 6.971<br />
REVIEW OF OUR ACTIVITIES<br />
FACULTY MEDALS<br />
Faculty medals are awarded to the graduating students with the<br />
highest academic achievement in a bachelor degree program in each<br />
faculty. The recipients for 2012 were:<br />
FACULTY OF ARTS, BUSINESS, INFORMATICS AND<br />
EDUCATION<br />
Mr Ross Crear<br />
Bachelor of Music<br />
GPA 6.875<br />
Ms Samantha Fox<br />
Bachelor of Accounting<br />
GPA 6.916<br />
Mr Paul Moore<br />
Bachelor of Aviation Technology<br />
GPA 6.958<br />
Mr Peter Pledger<br />
Bachelor of Engineering<br />
GPA 6.846<br />
STATISTICS<br />
GROWTH INDICATION<br />
<strong>CQ<strong>University</strong></strong> has moved toward achieving the goal of greatness<br />
by attracting new students to a broad selection of new and<br />
previously available programs in 2012. The following charts<br />
demonstrate some of the high growth areas within <strong>CQ<strong>University</strong></strong><br />
and show the necessity for the decision to introduce programs in<br />
the fi eld of Allied Health.<br />
TABLE 9: NEW<br />
PROGRAMS<br />
OFFERED IN<br />
2012<br />
CB96 GD Rail Safety Management<br />
CB95 M Rail Safety Management<br />
CB87 B Speech Pathology (Hons)<br />
CB86 B Podiatry (Hons)<br />
CB81 B Public Health (Hons)<br />
CB79 M Health Professional Education<br />
CB77 B Science (Chiropractic)<br />
CB71 M Accident Investigation<br />
CB67 B Accident Forensics<br />
CB66 B Health Science (Allied Health)<br />
CB29 B Oral Health<br />
0 10 20 30 40 50 60 70 80<br />
Number of students<br />
TABLE 10:<br />
TOP 5<br />
EXISTING<br />
PROGRAMS –<br />
INCREASE IN<br />
STUDENTS<br />
IN 2012<br />
CQ23 B Nursing<br />
CG98 B Laws<br />
CG95 B Paramedic Science<br />
CG91 B Medical Sonography and<br />
GD Medical Sonography<br />
CA01 B Business<br />
0 50 100 150 200 250 300<br />
Number of additional students in 2012
40<br />
REVIEW OF OUR ACTIVITIES<br />
TABLE 11: 2012 FULL-YEAR PRELIMINARY DATA<br />
TOTAL STUDENT LOAD (EFTSL) BY FUNDING TYPE<br />
Funding Type 2010 2011 2012<br />
DEEWR Funded 5926.23 6291.90 6882.23<br />
Australian Fee Paying 479.49 435.96 474.38<br />
Overseas Fee Paying 6214.06 5348.17 4199.66<br />
RTS 148.17 160.25 170.25<br />
Grand Total 12 767.95 12 236.28 11 726.52<br />
Note: Totals do not always match precisely the sum of values in the rows and<br />
columns due to rounding.<br />
(Source: Data is extracted from official files submitted to DEEWR, with the exception of<br />
Term 3 2012 data, which was taken from the <strong>CQ<strong>University</strong></strong> Data Warehouse after Census<br />
date: 31 December 2012.)<br />
TABLE 12: 2012 FULL-YEAR PRELIMINARY DATA<br />
TOTAL STUDENT NUMBERS BY LEVEL OF PROGRAM<br />
Level of Program 2010 2011 2012<br />
Research<br />
Doctorate by Research 263 282 311<br />
Masters by Research 60 69 86<br />
Total 323 351 397<br />
Postgraduate<br />
Doctorate by Coursework 3 1 1<br />
Masters by Coursework 3708 2815 2391<br />
Graduate Diploma/Postgraduate Diploma 1648 1462 1387<br />
(pass or honours) – New<br />
Graduate Diploma/Postgraduate Diploma 206 145 94<br />
(pass or honours) – Extended<br />
Graduate Certifi cate 422 464 537<br />
Other Postgraduate 0 0 0<br />
Total 5987 4887 4410<br />
Undergraduate<br />
Bachelors Honours 266 247 326<br />
Bachelors Graduate Entry 0 0 0<br />
Bachelors Pass 10 097 10 929 11 323<br />
Advanced Diploma (AQF)/Diploma (pre AQF) 794 787 655<br />
Associate Degree 71 76 111<br />
Other Award Course 0 0 0<br />
Total 11 228 12 039 12 415<br />
Non-award<br />
Cross Institutional – Postgraduate 131 135 89<br />
Cross Institutional – Undergraduate 157 156 158<br />
Enabling 1693 1697 1565<br />
Non Award 284 168 216<br />
Total 2265 2156 2028<br />
Grand Total 19 803 19 433 19 250<br />
(Source: Data is extracted from official fi les submitted to DEEWR, with the exception of<br />
Term 3 2012 data, which was taken from the <strong>CQ<strong>University</strong></strong> Data Warehouse after Census<br />
date: 31 December 2012.)<br />
Guests attending the annual <strong>CQ<strong>University</strong></strong><br />
2012 Christmas Ball (L-R) Rebecca Cross (staff<br />
member), Annie Gowdy (community guest) and<br />
Samantha Fox (<strong>CQ<strong>University</strong></strong> graduate).
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
41<br />
TABLE 13: 2012 FULL-YEAR PRELIMINARY DATA<br />
TOTAL DOMESTIC STUDENT LOAD (EFTSL) BY GENDER BY<br />
LEVEL OF PROGRAM<br />
Level of Program Female Male Total<br />
Research<br />
Doctorate by Research 88.00 107.08 195.08<br />
Masters by Research 19.00 22.25 44.25<br />
Total 107.00 129.33 239.33<br />
Postgraduate<br />
Doctorate by Coursework 0.00 0.50 0.50<br />
Masters by Coursework 761.51 833.39 1594.91<br />
Graduate Diploma/Postgraduate 351.15 344.51 695.66<br />
Diploma (pass or honours) – New<br />
Graduate Diploma/Postgraduate<br />
Diploma (pass or honours) –<br />
Extended<br />
17.83 25.29 43.13<br />
Graduate Certifi cate 48.25 117.17 165.42<br />
Other Postgraduate 0.00 0.00 0.00<br />
Total 1178.74 1320.86 2499.62<br />
Undergraduate<br />
Bachelors Honours 165.00 16.67 181.67<br />
Bachelors Graduate Entry 0.00 0.00 0.00<br />
Bachelors Pass 4727.25 2910.50 7637.75<br />
Advanced Diploma (AQF)/Diploma 99.00 204.00 303.00<br />
(pre-AQF)<br />
Associate Degree 15.13 24.25 39.38<br />
Other Award Course 0.00 0.00 0.00<br />
Total 5006.38 3155.42 8161.80<br />
Non Award<br />
Cross Institutional: Postgraduate 5.79 8.63 14.42<br />
Cross Institutional: Undergraduate 13.00 11.50 24.50<br />
Non Award 21.21 22.67 43.88<br />
Enabling 460.12 282.87 742.99<br />
Total 500.12 293.33 825.80<br />
Grand Total 6792.24 4898.94 11 726.25<br />
Note: Totals do not always match precisely the sum of values in the rows and<br />
columns due to rounding.<br />
(Source: Data is extracted from official files submitted to DEEWR, with the exception of<br />
Term 3 2012 data, which was taken from the <strong>CQ<strong>University</strong></strong> Data Warehouse after Census<br />
date: 31 December 2012.)<br />
TABLE 14: 2012 FULL-YEAR PRELIMINARY DATA<br />
INTERNATIONAL STUDENT NUMBERS BY CAMPUS<br />
Campus 2010 2011 2012<br />
Bundaberg 1 3 8<br />
Emerald 0 0 0<br />
Gladstone 0 1 3<br />
Mackay 6 4 7<br />
Rockhampton 178 192 174<br />
Noosa Hub Delivery Site 0 0 0<br />
Distance Education 195 164 302<br />
Brisbane 1294 1165 987<br />
Gold Coast 566 473 352<br />
Melbourne 2341 1917 1424<br />
Sydney 3405 3149 2431<br />
Melior Education Group 68 126 91<br />
Grand Total 8054 7194 5779<br />
(Source: Program Campus Data is extracted from <strong>CQ<strong>University</strong></strong> Data Warehouse as<br />
this data is not available in DIISRTE files).<br />
REVIEW OF OUR ACTIVITIES<br />
Ancient sea creature<br />
English PhD student Rachel Williams has travelled all the way to <strong>CQ<strong>University</strong></strong><br />
Rockhampton to research one of the most ancient and iconic sea creatures,<br />
the Pearly Nautilus. Rachel wants to help produce data to inform decisions on<br />
whether the nautilus needs formal protection against harvesting.
42<br />
REVIEW OF OUR ACTIVITIES<br />
TABLE 15: 2012 FULL-YEAR PRELIMINARY DATA<br />
TOTAL STUDENT LOAD (EFTSL) BY MODE AND TYPE OF ATTENDANCE<br />
Domestic International Total Student Load (EFTSL)<br />
2010 2011 2012 2010 2011 2012 2010 2011 2012<br />
Internal<br />
Full-time 1093.04 1094.17 1057.63 5614.01 4707.71 3626.99 6707.05 5801.87 4684.61<br />
Part-time 142.46 135.71 141.50 398.55 467.76 283.13 541.01 603.46 424.63<br />
Total 1235.50 1229.88 1199.13 6012.56 5175.47 3910.12 7248.06 6405.33 5109.25<br />
External<br />
Full-time 1731.48 1858.71 2249.77 18.33 13.63 9.88 1749.81 1872.34 2259.65<br />
Part-time 1996.23 2093.36 2181.01 41.25 26.71 29.67 2037.48 2120.07 2210.67<br />
Total 3727.71 3952.07 4430.78 59.58 40.34 39.54 3787.29 3992.41 4470.32<br />
Multi Modal<br />
Full-time 1425.46 1556.75 1773.29 131.46 117.63 238.63 1556.92 1674.38 2011.92<br />
Part-time 165.21 149.42 123.67 10.46 14.75 11.38 175.67 164.17 135.04<br />
Total 1590.67 1706.17 1896.96 141.92 132.38 250.00 1732.59 1838.55 2146.96<br />
Grand Total 6553.88 6888.11 7526.86 6214.06 5348.17 4199.66 12 767.94 12 236.28 11 726.52<br />
(Source: Data is extracted from official files submitted to DEEWR, with the exception of Term 3 2012 data, which was taken from the <strong>CQ<strong>University</strong></strong> Data Warehouse after Census date: 31 December 2012.)<br />
PEOPLE AND CULTURE<br />
<strong>CQ<strong>University</strong></strong> must attract, develop, reward and retain staff of the highest<br />
quality and provide a working environment that enables them to maximise<br />
their capacity to contribute to the achievement of the <strong>University</strong>’s mission.<br />
The People and Culture Directorate has implemented actions and plans<br />
to move the <strong>University</strong> forward in the areas of workplace health and<br />
safety, employee and industrial relations, Indigenous employment,<br />
equity, environmental sustainability, salaries, superannuation and<br />
systems and professional development.<br />
Increasing the capacity and ability of the Directorate to meet the<br />
current and future needs of the organisation is the primary focus.<br />
STAFF SATISFACTION SURVEY (VOICE)<br />
In February 2010, the <strong>University</strong> conducted a staff satisfaction survey<br />
called VOICE. This survey enabled <strong>CQ<strong>University</strong></strong> to benchmark its<br />
results across other participating universities in Australia. In 2011,<br />
<strong>CQ<strong>University</strong></strong> continued to improve by implementing actions resulting<br />
from the original survey recommendations. A temperature check of<br />
key areas of the survey during 2011 indicated that the <strong>University</strong> was<br />
continuing to improve in the areas of leadership, organisational direction,<br />
communication, engagement and processes. A further VOICE Survey was<br />
conducted during 2012. The results showed improvements in the areas<br />
of organisational commitment, job satisfaction, mission and values, and<br />
role clarity. Focus groups were arranged for the areas in the survey which<br />
were identified as critical to the success of the <strong>University</strong>. Changes to<br />
processes and delivery of services resulted from these sessions and the<br />
<strong>University</strong> continues to expend efforts on improvements in these areas.<br />
STAFF DEVELOPMENT<br />
<strong>CQ<strong>University</strong></strong> continues its emphasis on the professional development<br />
of staff with a large number of conferences and development activities<br />
conducted during 2012. Leading on from the success of 2011, the<br />
<strong>University</strong> held its second annual Professional Staff Conference. This<br />
year’s conference was expanded to staff from Levels 2–9 from all<br />
areas of the <strong>University</strong> to discuss their experiences and learn from<br />
others. The Senior Leadership Conference brought together more than<br />
80 senior managers to discuss leadership development, strategic<br />
initiatives and the future direction of <strong>CQ<strong>University</strong></strong> with the theme<br />
‘From Strong to Great’. Additionally, the Research and Learning and<br />
Teaching Showcases provided insight and inspiration to academic and<br />
professional staff alike.<br />
The Leading to Greatness Program was carried on from 2012, providing<br />
further leadership development opportunities for all levels of the<br />
organisation. Focusing on fi ve elements – Core, Emerging, Success,<br />
Performance and Executive Leadership – the program saw more than<br />
186 staff participate in specifi c development activities. All sessions<br />
were well attended.<br />
The Professional Development Calendar provided many opportunities<br />
for staff to continue to develop their expertise in all manner of areas<br />
and will continue to do so in 2013.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
INDIGENOUS EMPLOYMENT<br />
<strong>CQ<strong>University</strong></strong> continues to highlight the importance of Indigenous<br />
employment issues both within and external to the <strong>University</strong>.<br />
The Aboriginal and Torres Strait Islander Employment and Career<br />
Development Strategy continues to be a high priority. The Offi ce of<br />
Indigenous Engagement provided valuable mentoring to the People and<br />
Culture Directorate in its efforts to increase the number of Aboriginal<br />
and Torres Strait Islander employees at <strong>CQ<strong>University</strong></strong> and both areas<br />
are working towards the future.<br />
WORKFORCE PLANNING, ATTRACTION AND<br />
RETENTION<br />
The Workforce Planning Framework was incorporated into the<br />
operational planning cycle during 2012 to ensure the capability and<br />
capacity of <strong>CQ<strong>University</strong></strong>’s workforce continued to be enhanced<br />
and available to meet the upcoming needs of the organisation. The<br />
Workforce Planning Strategy was reviewed and updated including<br />
action items to ensure the right people, in the right place, with the<br />
right skills at the right time. More action items were commenced with<br />
a focus on improving retention and career progression opportunities,<br />
enhancing development activities to strengthen management and<br />
leadership capability, and to increase the capacity of the organisation<br />
through an appropriately engaged workforce.<br />
Emphasis on the Performance Management Framework – Performance<br />
Review and Professional Development (PRPD) – continued in 2012 with<br />
the introduction of a 360 degree feedback process for senior managers.<br />
The <strong>University</strong> has a very effective staff consultation mechanism<br />
through the Joint Consultative Committee which has membership from<br />
management, unions and staff. It meets bi-monthly and discusses all<br />
areas of industrial and employee relations matters.<br />
SAFETY AND ENVIRONMENT<br />
Following on from the implementation of the Safety Health Environment<br />
Workcover Sustainability (SHEWS) system in 2011, the Safety and<br />
Environment team implemented a number of improved processes to<br />
reduce high risk operations. Improvements implemented included<br />
upgrades to contractor management, asbestos management, driver<br />
safety, hazardous substance management, dive and boating safety,<br />
working from home and event management procedures and processes.<br />
Over 200 staff attended awareness sessions regarding the new<br />
harmonised Work Health and Safety Act.<br />
The Engineering/Safety and Environment Collaborative Project<br />
involving a revamp of safety operations in the laboratories continues.<br />
This work includes a new Safety Management System and over 80<br />
new risk assessments completed on lab operations bringing them into<br />
line with the new legislation.<br />
Earth Hour was a success in March with all campuses participating in<br />
this great initiative to raise awareness for environmental sustainability.<br />
ENTERPRISE AGREEMENT NEGOTIATIONS<br />
Enterprise Bargaining commenced in June 2012, with all parties<br />
working together to ensure working conditions and staff benefi ts<br />
were both attractive and met the needs of the <strong>University</strong>. It is<br />
expected that the agreement will be approved by Fair Work<br />
Australia in early 2013.<br />
OTHER MAJOR ACHIEVEMENTS FOR 2012<br />
The <strong>University</strong> Rehabilitation Program continues to be<br />
proactive in managing both work and non-work-related injuries<br />
and illness. The fi nancial year ending 2012 resulted in a further<br />
reduction in our WorkCover Premium against the previous year.<br />
INITIATIVES FOR WOMEN<br />
Provisions in the Enterprise Agreement provide fl exibility to<br />
ensure opportunities for women at <strong>CQ<strong>University</strong></strong> including 26<br />
weeks’ paid maternity leave, the option of an additional 5.4<br />
weeks annual leave per year (fl exible work year scheme 48/52),<br />
annualised hours, fl exi-time, job share, and part-time work.<br />
Professional development opportunities are open to all employees<br />
and women are encouraged to participate.<br />
The Senior Women’s Breakfast continued this year with a group<br />
of senior female staff meeting on a monthly basis to listen to<br />
prominent female guest speakers and network over breakfast. All<br />
proceeds from each breakfast are donated to a local charity.<br />
OUTSIDE STUDIES PROGRAM (OSPRO)<br />
There were six applications for OSPRO in 2012 for the 2013 university<br />
year. Five applications were supported and approved and one<br />
application is pending a decision.<br />
VOLUNTARY EARLY RETIREMENT,<br />
REDUNDANCY AND SEPARATION<br />
No offers for voluntary early retirement were made in 2012.<br />
In 2012, four occupied positions were made redundant and 28<br />
employees accepted voluntary separations, with the total money<br />
value of severance benefi ts available within the <strong>University</strong>’s Financial<br />
Statements (2012 <strong>Annual</strong> <strong>Report</strong> Volume 2).<br />
CARER’S RECOGNITION STATEMENT<br />
<strong>CQ<strong>University</strong></strong> supports the <strong>Queensland</strong> Carers Charter as detailed in<br />
the Carers (Recognition) Act 2008, through the fl exible work practices<br />
and remote access facilities available to our staff. The <strong>University</strong><br />
ensures staff are provided with relevant information and support<br />
as required. Our policies are regularly reviewed and if changes are<br />
initiated they are disseminated to all staff for their information.<br />
<strong>CQ<strong>University</strong></strong> also provides access to an Employee Assistance Program<br />
for all staff and their immediate families. This service includes access<br />
to free counselling sessions via face-to-face meetings, or by email<br />
and telephone. All staff with both work and non-work-related injuries<br />
or conditions are provided with support and assistance via the People<br />
and Culture Directorate.<br />
43<br />
REVIEW OF OUR ACTIVITIES
44<br />
REVIEW OF OUR ACTIVITIES<br />
TABLE 16: STAFF PROFILE SHOWING EMPLOYMENT<br />
CLASSIFICATION AND STATUS FEMALE MALE TOTAL FTE<br />
FTE Percentage FTE Percentage<br />
ACADEMIC Contract Academic Level A 3.65 78.49% 1 21.51% 4.65<br />
Academic Level B 9.78 66.17% 5 33.83% 14.78<br />
Academic Level C 2 28.17% 5.1 71.83% 7.1<br />
Academic Level D 2 40.00% 3 60.00% 5<br />
Academic Level E 3 31.09% 6.65 68.91% 9.65<br />
Academic Salary Package 4 27.59% 10.5 72.41% 14.5<br />
Classification Total 24.43 31.25 55.68<br />
Continuing Academic Level A 16.8 75.68% 5.4 24.32% 22.2<br />
Academic Level B 69.29 61.16% 44 38.84% 113.29<br />
Academic Level C 41.9 42.11% 57.6 57.89% 99.5<br />
Academic Level D 16 42.11% 22 57.89% 38<br />
Academic Level E 4 22.47% 13.8 77.53% 17.8<br />
Academic Salary Package 1 0.00% 0.5 0.00% 1.5<br />
Classification Total 148.99 143.30 292.29<br />
Contract Status Total 173.42 174.55 347.97<br />
PROFESSIONAL Contract HEW Level 2 2 83.33% 0.4 16.67% 2.4<br />
HEW Level 3 4 100.00% 0 0.00% 4<br />
HEW Level 4 18.1 73.28% 6.6 26.72% 24.7<br />
HEW Level 5 12.09 87.04% 1.8 12.96% 13.89<br />
HEW Level 6 13.41 74.46% 4.6 25.54% 18.01<br />
HEW Level 7 11.52 76.70% 3.5 23.30% 15.02<br />
HEW Level 8 4.2 41.18% 6 58.82% 10.2<br />
HEW Level 9 3.1 43.66% 4 56.34% 7.1<br />
Classification Total 68.42 26.90 95.32<br />
Continuing HEW Level 2 3.83 74.22% 1.33 25.78% 5.16<br />
HEW Level 3 8.31 29.42% 19.94 70.58% 28.25<br />
HEW Level 4 75.57 88.31% 10 11.69% 85.57<br />
HEW Level 5 93.69 83.14% 19 16.86% 112.69<br />
HEW Level 6 61.12 63.72% 34.8 36.28% 95.92<br />
HEW Level 7 56.9 71.13% 23.1 28.88% 80<br />
HEW Level 8 33.35 55.33% 26.92 44.67% 60.27<br />
HEW Level 9 13.98 54.87% 11.5 45.13% 25.48<br />
Classification Total 346.75 146.59 493.34<br />
Contract Status Total 415.17 173.49 588.66<br />
OTHER Contract Management 25.86 49.22% 26.68 50.78% 52.54<br />
Classification Total 25.86 26.68 52.54<br />
Continuing Management 2 66.67% 1 33.33% 3<br />
Classification Total 2 1 3<br />
Contract Status Total 27.86 27.68 55.54<br />
RESEARCH Contract Principal Research Fellow 0.6 18.75% 2.6 81.25% 3.2<br />
Research Fellow 2.9 34.52% 5.5 65.48% 8.4<br />
Research Officer 8.1 47.93% 8.8 52.07% 16.9<br />
Research Worker Level 4 0.69 100.00% 0 0.00% 0.69<br />
Research Worker Level 5 2.16 35.06% 4 64.94% 6.16<br />
Research Worker Level 6 2 100.00% 0 0.00% 2<br />
Research Worker Level 7 1 50.00% 1 50.00% 2<br />
Senior Research Fellow 4 44.44% 5 55.56% 9<br />
Senior Research Officer Grade 1 4 40.82% 5.8 59.18% 9.8<br />
Classification Total 25.45 32.70 58.15<br />
Continuing Research Officer 0.8 44.44% 1 55.56% 1.8<br />
Research Worker Level 5 0.6 100.00% 0 0.00% 0.6<br />
Research Worker Level 6 1 100.00% 0 0.00% 1<br />
Senior Research Fellow 0 0.00% 2 100.00% 2<br />
Senior Research Officer Grade 1 1 33.33% 2 66.67% 3<br />
Classification Total 3.40 5.00 8.40<br />
Contract Status Total 28.85 37.7 66.55<br />
REPORT TOTAL 645.30 413.42 1 058.72<br />
Date provided represents the <strong>CQ<strong>University</strong></strong> staff profile as at 31 December 2012.<br />
It does not reflect staff of any joint ventures or controlled entities.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
45<br />
STAFF AWARDS<br />
VICE-CHANCELLOR’S AWARD FOR GOOD<br />
PRACTICE IN LEARNING AND TEACHING<br />
Recognise staff who have demonstrated a positive impact on student<br />
outcomes within their School, as a result of their learning and<br />
teaching practice.<br />
VICE-CHANCELLOR’S STUDENT VOICE AWARD<br />
FOR ON-CAMPUS EDUCATOR OF THE YEAR 2012<br />
Mr Darrin Cournoyea, School of Medical and Applied<br />
Sciences representing the team delivering MEDS12004<br />
Sonographic Skills Development 1. OSS = 4.8.<br />
REVIEW OF OUR ACTIVITIES<br />
$1000 per winner along with a certifi cate.<br />
Professor Kerry Reid-Searl, School of Nursing and Midwifery.<br />
Kerry received this award for her commitment to good learning and<br />
teaching practice.<br />
Dr William Guo, School of Engineering and Technology.<br />
William received this award for his commitment to the student<br />
learning journey.<br />
VICE-CHANCELLOR’S AWARD FOR<br />
EXCELLENCE IN LEARNING AND TEACHING<br />
Recognise staff who demonstrate that they have made an excellent<br />
contribution to student learning outcomes through their learning and<br />
teaching practice across the <strong>University</strong>.<br />
$2500 per winner, certifi cate and memento.<br />
Dr Santoso Wibowo, <strong>CQ<strong>University</strong></strong> Melbourne.<br />
Santoso received this award in the category ‘Approaches to the<br />
support of learning and teaching that infl uence, motivate and inspire<br />
students to learn’ for developing effective and innovative approaches<br />
to cater to students’ needs in achieving a successful learning outcome.<br />
Dr Leo Duivenvoorden, School of Medical and Applied Sciences.<br />
Leo received this award in the category ‘Approaches to the support<br />
of learning and teaching that infl uence, motivate and inspire students<br />
to learn’ for the development of an engaging and supportive learning<br />
environment that facilitates and inspires student learning in the<br />
science and nursing areas.<br />
VICE-CHANCELLOR’S STUDENT VOICE<br />
AWARDS (ON-CAMPUS/DISTANCE<br />
EDUCATOR OF THE YEAR)<br />
Recognise the course coordinator whose course meets the following<br />
eligibility criteria along with achieving the highest Overall Satisfaction<br />
Score (OSS) within the course evaluation data for the relevant<br />
timeframe (courses delivered over Term 3 of the previous year or<br />
Term 1 or Term 2 of the current year):<br />
• 10+ responses from the relevant student cohort (on-campus or<br />
distance)<br />
• 50%+ response rate<br />
• 4.5+ OSS in the course evaluation data.<br />
$2500 per winner, along with a certificate and memento which are<br />
presented to the course coordinator as representative of the teaching team.<br />
VICE-CHANCELLOR’S STUDENT VOICE AWARD<br />
FOR DISTANCE EDUCATOR OF THE YEAR 2012<br />
Dr Kumari Fernando, School of Human, Health and<br />
Social Sciences representing the team delivering course<br />
PSYC20034 Professional Practice of Cognitive Therapies. OSS<br />
= 4.8.<br />
AWARDS FOR EXCELLENCE IN<br />
ENGAGEMENT (OPAL) AWARDS<br />
These awards recognise and encourage outstanding engagement<br />
by <strong>CQ<strong>University</strong></strong> staff, students and communities. The specifi c<br />
categories for these awards are Engaged Service, Engaged<br />
Learning and Teaching, and Engaged Research and Innovation.<br />
$2500 per winner/team, certifi cate, an opal pin and citation on the<br />
<strong>CQ<strong>University</strong></strong> UniNews website.<br />
ENGAGED RESEARCH AND INNOVATION<br />
‘10,000’ Steps – Dr Mitch Duncan, Dr Corneel Vandelotte,<br />
Ms Anetta Van Itallie, Mrs Kelly Corry, Ms Cindy Hooker,<br />
Ms Stephanie Hall and Mr Luke Fallon.<br />
The 10,000 Steps project is a freely accessible physical activity<br />
promotion project that aims to increase the physical activity levels<br />
of Australians. The program, now in its 11th year, has reached over<br />
200 000 members and has recorded more than 100 billion steps.<br />
Continued engagement with the community is achieved by conducting<br />
research to inform project practice, as well as being involved with<br />
many community groups. The project receives ongoing funding from<br />
<strong>Queensland</strong> Health to expand its reach at a state and national level.<br />
ENGAGED SERVICE<br />
‘Earth Day’ – Cr Gai Sypher and Miss Jessie Phelan.<br />
Earth Day was celebrated in Emerald between 17–19 May. The purpose<br />
of the event was to raise environmental awareness and educate<br />
the community about ways it can contribute to a more sustainable<br />
environment. Special guests included ABC Radio’s Gardening Talkback<br />
host Tom Wyatt and gardener/environmentalist Don Burke from Burke’s<br />
Backyard. The success of Earth Day has also been recognised by the<br />
<strong>Central</strong> Highlands Development Corporation where <strong>CQ<strong>University</strong></strong><br />
Emerald was announced as Business of the Month.
46<br />
REVIEW OF OUR ACTIVITIES<br />
ENGAGED SERVICE-LEARNING (STUDENT)<br />
‘Clinical Handover at the Bedside – Rehab Unit’ – Ms Patricia Callow.<br />
This project identifi ed gaps in the current clinical handover process<br />
and carried out a quality activity to improve processes. The intent of<br />
this program was to minimise preventable harm to patients that can be<br />
caused by communication breakdown between health care providers<br />
throughout the health care setting.<br />
‘<strong>CQ<strong>University</strong></strong>’s Nepal Nursing and Midwifery Experience 2011’ –<br />
Ms Sherrie Lee and 17 Nursing/Midwifery students.<br />
In November 2011, second- and third-year Nursing and Midwifery<br />
students and lecturers travelled to Nepal, fundraising to provide its<br />
communities with money, health/nursing equipment, clothing and toys.<br />
The aim of the overseas project was to enhance cultural competence,<br />
communication skills and make a difference to the lives of the less<br />
fortunate. Students also had the opportunity to work with Nepali doctors<br />
and nurses, assessing and helping to treat diseases and infections.<br />
VICE-CHANCELLOR’S AWARD FOR<br />
OUTSTANDING RESEARCHERS<br />
These awards recognise outstanding researchers who have made a<br />
significant contribution to enhancing and supporting research activities<br />
at <strong>CQ<strong>University</strong></strong>, and is intended to reward the achievement of research<br />
outcomes by researchers and to recognise the important role research<br />
leadership plays in the research culture at <strong>CQ<strong>University</strong></strong>.<br />
EXCELLENCE IN RESEARCH<br />
$5000 per winner, certifi cate and trophy.<br />
Professor Brenda Happell – Institute for Health and Social<br />
Science Research.<br />
Brenda has a strong record of accomplishment in research in the<br />
area of mental health nursing and is recognised nationally and<br />
internationally for her contribution to the fi eld. Her areas of specifi c<br />
interest include the physical health of people experiencing mental<br />
illness; consumer participation in mental health services; and mental<br />
health nursing education.<br />
MID-CAREER RESEARCH<br />
$5000 per winner, certifi cate and trophy.<br />
Dr Surya Bhattarai – Institute for Resource Industries and<br />
Sustainability/Centre for Plant and Water Science.<br />
Research and development of irrigated agriculture is becoming more<br />
relevant under the scenario of global climate change in Australia and<br />
overseas. Surya, with his multidisciplinary team, is working actively<br />
in this highly challenging and rewarding research field, which is<br />
extremely relevant to Australian agriculture in general and <strong>Central</strong><br />
<strong>Queensland</strong> agriculture in particular, as this region plays a significant<br />
role in agriculture production, marketing and generation of employment<br />
opportunities.<br />
EARLY-CAREER RESEARCH<br />
$5000 per winner, certifi cate and trophy.<br />
Dr Alison Jones – Institute for Resource Industries and<br />
Sustainability/Centre for Environmental Management.<br />
Alison’s research contributes to assisting reef management including<br />
predictions of reef resilience, identifying the conservation value of<br />
reefs and predicting the adaptive capacity of reef-building corals.<br />
Her research is focused on the southern Great Barrier Reef. Alison’s<br />
mission is to grow marine research capacity in the <strong>Central</strong> <strong>Queensland</strong><br />
region and to have <strong>CQ<strong>University</strong></strong> recognised as a leading research<br />
institution in reef regeneration by strengthening links with national<br />
and international research partners and industry to provide real-life<br />
solutions to the threats facing the reef.<br />
VICE-CHANCELLOR’S AWARDS FOR<br />
EXCELLENCE TO PROFESSIONAL STAFF<br />
(EXCEL) AWARDS<br />
The following professional staff received the Vice-Chancellor’s Excel<br />
Award in recognition of outstanding contributions to the <strong>University</strong>.<br />
$2500 development grant, citation and certifi cate.<br />
Mr Reg Budarick, Groundsperson, Facilities Management<br />
Directorate.<br />
Reg is a professional staff member who embodies the values of<br />
<strong>CQ<strong>University</strong></strong>. As a groundsman responsible for the buildings and<br />
gardens surrounding Building 65 at the Rockhampton campus, Reg<br />
maintains a professional attitude and continually strives to deliver to<br />
the best of his abilities. He is friendly, works well either on his own or<br />
within the team and is well known and liked by all who work with him.<br />
Reg takes great pride in maintaining this area to a very high standard.<br />
Mr Ray Kearney, Technical Services Manager, School of<br />
Engineering and Technology.<br />
For 18 months, Ray put his heart and soul into the engineering<br />
refurbishment project for Buildings 28 and 29 at <strong>CQ<strong>University</strong></strong>’s<br />
Rockhampton campus to ensure that the best outcomes would be<br />
achieved for the <strong>University</strong>, its students and staff.<br />
Ray was integral to the success of the refurbishing project and was<br />
involved in almost every facet of the project, giving his attention to<br />
even the minutest detail. The project required an awareness of the<br />
needs of students, academic staff, technical staff and the professional<br />
community. Ray’s exceptional ability to work co-operatively with all<br />
of these groups made him essential to the success of the project.<br />
Ray consistently demonstrates excellence both at the strategic and<br />
operational level through hard work and dedication, coupled with a<br />
depth of knowledge and initiative to take the School of Engineering<br />
and Technology forward.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
EXCEL COMMENDATION AWARDS<br />
Certificate and memento.<br />
Ms Robyn Bailey, Coordinator International Student Support,<br />
Academic Registrar Directorate<br />
Mr Graeme Boyle, Manager Projects, Infrastructure and<br />
Logistics, Higher Education Division<br />
Miss Christine Hanley, Manager Population Research Lab,<br />
Research Office/Institute for Health and Social Science<br />
Research<br />
Ms Yvonne Holbeck, Research/Administration Officer, Institute<br />
for Health and Social Science Research<br />
Miss Keri Wilson, Facilities Support Supervisor, Facilities<br />
Management Directorate<br />
Ms Therese O’Donnell, Executive Assistant, Academic Learning<br />
Services Unit<br />
Ms Michele Palu, Student Counsellor and Disability Officer<br />
(Bundaberg), Academic Registrar Directorate<br />
Ms Mary McLeod, Academic Registrar Directorate<br />
THE NOOSA ADMINISTRATION TEAM:<br />
Mrs Denise Beckinsale, Administration Officer, School of<br />
Education and the Arts<br />
Mrs Tanya Burgess, Administration Officer, School of Nursing<br />
and Midwifery<br />
Ms Jacqui Duggan, Administration Officer (Placements and<br />
School Support), School of Education and the Arts<br />
Mrs Jan Tarling, Administration Officer (Placements and School<br />
Support), School of Education and the Arts<br />
Ms Robyn Tobin, School of Human, Health and Social Sciences<br />
STAFF SERVICE AWARDS<br />
The Vice-Chancellor and President presented service certifi cates<br />
and badges to the following staff who completed 35, 25, 15 and<br />
10 years of service:<br />
35 YEARS SERVICE<br />
Ms Kathy Ramm<br />
Mr Ron Wallis<br />
25 YEARS SERVICE<br />
Mr Peter Cherry<br />
Ms Jane Cleal<br />
Mr Raymond Kearney<br />
Dr Jo-Anne Luck<br />
Ms Leslie Molloy<br />
Mr David Murray<br />
15 YEARS SERVICE<br />
Dr William John Aspden<br />
Mrs Jennifer Barnes<br />
Ms Reegan Bickey<br />
Ms Libbie Blanchard<br />
Mr James Callan<br />
Ms Jillianne Campbell<br />
Mr Stephen Chadwick<br />
Mr Ian Crane<br />
Associate Professor Yehoah<br />
Gyasi-Agyei<br />
Ms Maureen Hill<br />
Mrs Faith Jones<br />
Ms Tracey Kennedy<br />
Ms Dianne Lancaster<br />
Mrs Dalyce McKay<br />
Dr Teresa Moore<br />
Ms Lois Pinkney<br />
Associate Professor Peter<br />
Reaburn<br />
Mrs Bridgette Saplos<br />
Mr Dennis Simon<br />
Ms Leesa Tarlington<br />
Dr Judith Wake<br />
Dr Monir Zaman<br />
10 YEARS SERVICE<br />
Mrs Nadine Adams<br />
Dr Angelina Ambrosetti<br />
Ms Jennifer Banks<br />
Mr Geoff Black<br />
Mrs Tracy Buchanan<br />
Ms Karen Chapman<br />
Ms Kelly Corry<br />
Mrs Priscilla Crighton<br />
Mrs Denise Davidson<br />
Miss Kendell Davies<br />
Miss Melissa Dobbs<br />
Dr Mitch Duncan<br />
Mrs Louise Edwards<br />
Ms Lyn Ellerton<br />
Mrs Susan Ferguson<br />
Ms Lynette Forbes-Smith<br />
Ms Deanna Gardner<br />
Mr Nathan Green<br />
Dr Ashley Holmes<br />
Mr Kenneth Howah<br />
Mrs Carol Keong<br />
Mr Mark Kerley<br />
Mr Pete Lawrence<br />
Ms Jan lewis<br />
Dr Dujuan Li<br />
Dr Michael Minmei Li<br />
Mrs Leesa Lynch<br />
Ms Jo Miller<br />
Ms Bridgette Muller<br />
Mr Viv Murphy<br />
Ms Heather Nancarrow<br />
Mrs Sam Paterson<br />
Mr Steve Price<br />
Associate Professor<br />
Mohammad Rasul<br />
Mrs Jennifer Sharp<br />
Mr Aaron Slater<br />
Mr Jay Somasundaram<br />
Ms Jennifer Taylor<br />
Mr Daniel Teghe<br />
Ms Julianne Weekers<br />
Ms Jenny Weise<br />
Dr Kevin Wormington<br />
47<br />
REVIEW OF OUR ACTIVITIES
48<br />
Our Corporate<br />
Governance<br />
‘CQUNIVERSITY<br />
COUNCIL<br />
MEMBERS HAVE<br />
A DUTY TO<br />
ACT HONESTLY<br />
AND WITH<br />
INTEGRITY’.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
CENTRAL QUEENSLAND UNIVERSITY COUNCIL<br />
PROFILE<br />
The Council is the governing body of the <strong>University</strong>, as set out in the<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Act 1998. The <strong>University</strong> Council is<br />
responsible for managing and controlling the <strong>University</strong>’s affairs, property<br />
and finances. The Council must act in the manner that is most likely to<br />
promote the <strong>University</strong>’s interests and has the full power and authority<br />
to appoint and dismiss officers and employees of the <strong>University</strong>. It acts<br />
in all matters to advance the interests and aspirations of the <strong>University</strong>.<br />
Membership of the Council is set out in ss.12–16 of the Act. The current<br />
Council was constituted on 27 May 2010.<br />
ELECTED MEMBERS<br />
Dr John Fitzsimmons, BArts(Hons), GradCertOnlineLearning ECU,<br />
PhD Adel<br />
Ms Jan Davis, BBus(Acct) CQU, CIA, CCSA, MIIA (Aust)<br />
Ms Caryl Turpin, BLearnMgt(EC) CQU<br />
SECRETARY TO COUNCIL<br />
<strong>University</strong> Secretary<br />
49<br />
OUR CORPORATE GOVERNANCE<br />
Council members have a duty to act honestly and with integrity;<br />
to exercise due care, skill and diligence in their duties; to make<br />
appropriately informed decisions; and to act at all times in the interests<br />
of the <strong>University</strong>.<br />
COUNCIL MEMBERS<br />
CHANCELLOR (CHAIR)<br />
Mr Rennie Fritschy, BEng(Chem) Sydney, BEc WAust, FIEAust, FAICD<br />
VICE-CHANCELLOR AND PRESIDENT<br />
Professor Scott Bowman, TDCR, DCR, HDCR CollRadiog, FAETC<br />
City&Guilds, MArts GuildHall, MBusAdmin USC, PhD OpenUK, FAIM<br />
PRESIDENT OF ACADEMIC BOARD<br />
Professor Bronwyn Fredericks, DipTeach(Sec) BCAE, BEd, MEd QUT,<br />
MEdStudies UTas, PhD CQU<br />
MEMBERS APPOINTED BY THE<br />
GOVERNOR-IN-COUNCIL<br />
Mr John Anderson, AssocDipCivEng DDIAE, BArts USQ, GradCertSocSc<br />
Qld, MAICD<br />
Ms Sandra Collins, BEng(Mining) Qld, MBusAdmin Pennsylvania<br />
Dr Robyn Minchinton, BAppSc(MLS) RMIT, GradDipScComm CQU, PhD<br />
London<br />
Mr Charles Ware, BA, LLB(Hons) Qld, MBus(PubMgt), LLM, QUT, FAICD<br />
Vacant<br />
Ms Jenny Roberts, BBusAdmin CQU, GAICD<br />
MINUTES SECRETARY<br />
Ms Chris Galinovic<br />
TABLE 17: COUNCIL MEETING ATTENDANCE<br />
Member<br />
Number of<br />
meetings<br />
attended<br />
Total possible<br />
meetings<br />
Mr John Anderson 5 7<br />
Professor Scott Bowman 7 7<br />
Mr Graham Carpenter 5 5<br />
Ms Sandra Collins 7 7<br />
Mr Peter Corones AM 6 7<br />
Ms Jan Davis 7 7<br />
Dr John Fitzsimmons 7 7<br />
Mr Rennie Fritschy 7 7<br />
Professor Bronwyn Fredericks 3 4<br />
Mr Tim Griffi n OAM 7 7<br />
Dr Robyn Minchinton 7 7<br />
Ms Narelle Pearse 5 7<br />
Ms Caryl Turpin 6 7<br />
Mr Charles Ware 7 7<br />
Professor Jennelle Kyd 2 3<br />
Ms Marni McGrath 1 2<br />
Council meetings in 2012 were held on 5 March, 1 May, 25 June, 20<br />
August, 15 October, 19 November and 3 December.<br />
ADDITIONAL MEMBERS APPOINTED BY COUNCIL<br />
Ms Narelle Pearse, BComm JCU, GradDipPsych CQU, MBusAdmin,<br />
MComm QUT, CA, ICAA<br />
Mr Peter Corones AM<br />
Mr Tim Griffi n OAM, BEng(Civil), MBusAdmin CQU, FAICD, FCILT (UK)<br />
Mr Graham Carpenter, GradDipMgt CIAE, MBusAdmin CQU, FICAA, FAICD
50<br />
OUR CORPORATE GOVERNANCE<br />
COUNCIL MEMBERS’ PROFESSIONAL<br />
DEVELOPMENT<br />
Professional development for Council members is a key strategy<br />
of Council’s continuous improvement processes. Professional<br />
development is provided to Council members in the form of regular ‘in<br />
house’ briefings on key issues prior to each Council meeting and focus<br />
item discussions during Council meetings, as well as the opportunity to<br />
attend sector-wide conferences and other events.<br />
At its meeting on 28 November 2011, Council endorsed a proposal<br />
to increase the budget allocation to $2000 per year for each Council<br />
member to expend on professional development activities (as approved<br />
by the Chancellor) and for the development of an annual Professional<br />
Development Plan.<br />
During 2012, Council members received briefi ngs on faculty plans,<br />
strategic directions and key activities; Tertiary Education Quality<br />
Standards Agency (TEQSA) requirements and the new higher<br />
education regulatory environment; alumni relations developments,<br />
including fundraising activities and donor sponsorships; the<br />
<strong>University</strong>’s fi nancial performance; the future direction for<br />
<strong>CQ<strong>University</strong></strong> Noosa, Rockhampton and Melbourne, and a tour of<br />
the facilities of the Noosa and Melbourne campuses; the Distance<br />
Education Enhancement Project; the <strong>University</strong>’s Indigenous<br />
Engagement Strategy; our student profi le, enrolment trends, and<br />
attrition and retention issues; key issues regarding IT provision, future<br />
plans and IT governance processes; a tailored governance update<br />
by the Australian Institute of Company Directors on the latest key<br />
governance issues; and an overview of the corporate and operational<br />
plans for the <strong>University</strong>’s key activities in 2013.<br />
In addition a Planning and Strategy session was held mid-year which<br />
sought Council members’ input on the key issues for the <strong>University</strong><br />
for 2012 and beyond. The outcomes of this session were fed into<br />
the development of the <strong>University</strong>’s 2013 Strategic Plan. Four<br />
Council members attended the <strong>University</strong>’s annual Senior Leadership<br />
Conference to gain a broader understanding of the key issues<br />
facing <strong>University</strong> management. Six Council members attended the<br />
National Conference on <strong>University</strong> Governance, a biennial conference<br />
organised by the <strong>University</strong> Chancellors’ Council which focuses on the<br />
characteristics of high performing Councils, best practice, strategy and<br />
Council functions. One member of Council attended the National Higher<br />
Education Summit, with topics relevant to the <strong>University</strong>’s aspirations,<br />
renewal program and strategic objectives.<br />
COUNCIL MEMBERS’ REMUNERATION<br />
<strong>CQ<strong>University</strong></strong> committee members, including <strong>CQ<strong>University</strong></strong> Council<br />
members, are not remunerated; however the <strong>University</strong> pays for all<br />
costs relating to member attendance at Council meetings. The total<br />
sum expended on travel, accommodation and meals for Council<br />
members in 2012 was $77 369.<br />
Thirteen graduates from HealthTrain's Diploma of Enrolled Nursing program were among the first cohort of students to be presented with their graduation<br />
certificates since the registered training organisation became part of <strong>CQ<strong>University</strong></strong>.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
51<br />
CENTRAL QUEENSLAND UNIVERSITY COUNCIL MEMBERS’ DETAILS<br />
AS AT 31 DECEMBER 2012<br />
MR RENNIE FRITSCHY<br />
Rennie’s background is in mineral processing, petrochemicals and textiles. He has been a member of Council since 1996 and<br />
Chancellor since 2004. During this time he has used his expertise in strategy development and implementation; accounting<br />
and financial matters, risk management stratagems, and high-level governance expertise to ensure the Council performs in<br />
accordance with its responsibilities.<br />
OUR CORPORATE GOVERNANCE<br />
PROFESSOR SCOTT BOWMAN<br />
In his role as Vice-Chancellor and President Scott drives the strategic planning, fi nancial and external affairs of the<br />
<strong>University</strong> across its network of campus and teaching locations in Australia. He is the force behind <strong>CQ<strong>University</strong></strong>’s<br />
Renewal Plan and is committed to building a strong regional university. Scott’s background is in the fi elds of radiography<br />
and imaging.<br />
PROFESSOR BRONWYN FREDERICKS<br />
Bronwyn is the President of Academic Board, and leads the work undertaken by the <strong>University</strong>’s Office of Indigenous<br />
Engagement through her roles as Pro Vice-Chancellor (Indigenous Engagement) and BMA Chair in Indigenous Engagement. She<br />
holds numerous qualifications in education and health and is a recipient of several highly competitive awards. She has worked<br />
at universities in Australia and New Zealand, and in the health care and human service sector for State and Commonwealth<br />
governments, non-government organisations and community-based health and human service organisations.<br />
MR JOHN ANDERSON<br />
John’s broad experience in developing innovative and creative partnerships across the corporate, small business and community<br />
sectors, as well as with all levels of government enables him to provide high-level strategic policy and operational advice over a<br />
range of issues. He has a special interest in issues around native title, land interests, cultural heritage and natural resource policy<br />
and programs.<br />
MS SANDRA COLLINS<br />
Sandra is a qualified mining engineer and the recipient of a Harkness Fellowship (USA). In 2009 Sandra was recognised as ‘Mine<br />
Manager of the Year’ and also received an award for the ‘Most Outstanding Contribution to Mining’. She has experience in corporate<br />
finance and as an organisational development consultant.<br />
DR ROBYN MINCHINTON<br />
Robyn is a medical scientist specialising in haematology; her career has spanned 40 years in the public health sector in diagnostics<br />
and research in hospitals, the Red Cross Blood Service and higher education. She is experienced in executive and laboratory<br />
management and accreditation. Robyn is passionate about lifelong learning, innovation and science communication.<br />
MR CHARLES WARE<br />
With 30 years of experience as a lawyer in private practice, Charles brings a broad range of directorship experience to the Council in<br />
his role as Deputy Chancellor. He has extensive experience in the leadership, oversight and operation of large, complex public sector<br />
agencies and government-owned corporations.
52<br />
OUR CORPORATE GOVERNANCE<br />
MS NARELLE PEARSE<br />
Narelle is the Chief Executive Offi cer of the Mackay Whitsunday Regional Economic Development Corporation. She is a wellcredentialed<br />
negotiator with a commitment to working collaboratively to manage the impact of economic development on key<br />
industries in the region. In 2008 she participated in Australia’s 2020 summit as part of the Future Direction of the Australian<br />
Economy stream.<br />
MR PETER CORONES AM<br />
Peter is an experienced businessman who has spent many years in local government roles, including serving as Mayor of<br />
Gladstone City for 14 years. He has a wealth of experience and knowledge in industrial development, tourism, education and<br />
training and environmental responsibility. Peter was the Director of the Committee that formed Gladstone Area Promotion and<br />
Development Limited.<br />
MR TIM GRIFFIN OAM<br />
Tim is a qualifi ed engineer with a background that includes utility infrastructure management, performance<br />
assessment and capital sustainability. In 2007 Tim was awarded the Order of Australia (OAM) for his services to<br />
engineering and to the Association that represents the interests of over 42 000 professional engineers, scientists and<br />
managers in Australia (APESMA).<br />
MR GRAHAM CARPENTER<br />
Graham is a chartered accountant and former partner of BDO, a firm for which he continues to provide consulting services. He is<br />
a board member and also chairs a number of audit / compliance / risk committees within <strong>Queensland</strong> government departments<br />
and for local government entities. Graham’s other past experience includes senior positions with <strong>Queensland</strong> and Victorian<br />
Treasuries and as Northern Territory Auditor-General. He brings financial management, audit and risk expertise as well as<br />
experience with corporate governance.<br />
DR JOHN FITZSIMMONS<br />
John is the elected Academic Staff representative on Council. He is a senior lecturer at <strong>CQ<strong>University</strong></strong> and teaches in literary<br />
and cultural studies in the School of Education and the Arts. John’s academic expertise is in online learning, postmodern fiction<br />
and narrative theory. He is the <strong>CQ<strong>University</strong></strong> Branch President of the National Tertiary Education Union.<br />
MS JAN DAVIS<br />
Jan is the elected Professional Staff representative on Council. She is a senior internal auditor and holds a Bachelor of<br />
Business (Accounting) from <strong>CQ<strong>University</strong></strong>. Jan’s position requires her to review the fi nancial controls of the <strong>University</strong>. Jan<br />
also is a certifi ed internal auditor with the Institute of Internal Auditors (Australia).<br />
MS CARYL TURPIN<br />
Caryl is the Student Representative on Council. She completed her Bachelor of Learning Management (Early Childhood)<br />
with Distinction with <strong>CQ<strong>University</strong></strong> in 2005. Caryl is currently completing the third year of a Bachelor of Nursing degree.<br />
She will continue to work in both fi elds when she graduates.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
53<br />
VOLUNTARY CODE OF<br />
BEST PRACTICE FOR THE<br />
GOVERNANCE OF AUSTRALIAN<br />
UNIVERSITIES<br />
The <strong>University</strong> Council adopted the Voluntary Code of Best Practice<br />
for the Governance of Australian Universities at its September 2011<br />
meeting. The purpose of the Code, and its 14 principles, is to ensure<br />
members of the Council have a good understanding of their roles and<br />
duties, and to foster transparency and accountability in the governance<br />
arrangements of the <strong>University</strong> by strengthening performance<br />
evaluation practices. The <strong>University</strong> undertakes an annual review<br />
of its compliance with the Code to ensure ongoing compliance and<br />
further strengthening of governance practices. At 31 December 2012,<br />
the <strong>University</strong> continued to be compliant with the requirements of the<br />
Code, and had identifi ed two areas where further improvements could<br />
be made to enact the full spirit of the Code.<br />
FUNCTIONS AND<br />
CONSTITUTIONS<br />
The <strong>University</strong> is established and derives its functions and powers by<br />
virtue of the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Act 1998 (the Act). The Act<br />
establishes the <strong>University</strong> as a body corporate, with a seal. It may sue<br />
and be sued in its corporate name.<br />
FUNCTIONS OF THE UNIVERSITY<br />
Section 5 of the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Act 1998 outlines the<br />
<strong>University</strong>’s functions, which are:<br />
a. to provide education at university standard<br />
b. to provide facilities for, and encourage, study and research<br />
c. to encourage the advancement and development of knowledge,<br />
and its application to government, industry, commerce and the<br />
community<br />
d. to provide courses of study or instruction (at the levels of<br />
achievement the council considers appropriate) to meet the needs<br />
of the community<br />
e. to confer higher education awards<br />
f. to disseminate knowledge and promote scholarship<br />
g. to provide facilities and resources for the wellbeing of the<br />
university’s staff, students and other persons undertaking courses<br />
at the university<br />
h. to exploit commercially, for the university’s benefi t, a facility or<br />
resource of the university, including, for example, study, research<br />
or knowledge, or the practical application of study, research or<br />
knowledge, belonging to the university, whether alone or with<br />
someone else, and<br />
i. to perform other functions given to the university under this or<br />
another Act.<br />
CENTRAL QUEENSLAND UNIVERSITY ACT<br />
1998<br />
No changes were made to the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
Act 1998 in 2012.<br />
STATUTORY OBLIGATIONS<br />
The higher education sector is a dynamic environment, and<br />
continues to undergo significant legislative change that impacts<br />
on the <strong>University</strong>. The <strong>University</strong>, through the <strong>University</strong> Secretary,<br />
continues to progress its compliance accountability framework to<br />
ensure it meets its key obligations under those laws, regulations,<br />
codes and organisational standards that are applicable to<br />
<strong>CQ<strong>University</strong></strong>. <strong>Report</strong>ing of compliance practices and the key<br />
risks associated with non-compliance are presented to the Audit,<br />
Compliance and Risk Committee. The key statutory obligations are<br />
shown below.<br />
COMMISSION FOR CHILDREN AND YOUNG<br />
PEOPLE AND CHILD GUARDIAN ACT 2000<br />
The Commission for Children and Young People and Child<br />
Guardian Act 2000 establishes a regime requiring all employees<br />
and volunteers working with children and young people to obtain<br />
a Positive Suitability Notice (known as a Blue Card). <strong>CQ<strong>University</strong></strong><br />
requires all staff in certain categories (such as Student Counseling)<br />
to hold Blue Cards as a condition of their employment.<br />
EDUCATION SERVICES FOR OVERSEAS STUDENTS<br />
(ESOS) ACT 2000 (CWLTH)<br />
Under the authority of the Commonwealth’s ESOS Act 2000, the<br />
reviewed and updated National Code of Practice for Registration<br />
Authorities and Providers of Education and Training to Overseas<br />
Students (The National Code) was implemented on 1 July 2007. The<br />
<strong>University</strong> made significant policy reviews at that time to ensure<br />
compliance. The Code provides nationally consistent standards for<br />
the conduct of registered higher education providers in relation to the<br />
provision of education to international students and the registration of<br />
their courses.<br />
FINANCIAL ACCOUNTABILITY ACT 2009<br />
The <strong>University</strong> continues to monitor compliance with the Financial<br />
Accountability Act 2009 and the related Financial and Performance<br />
Management Standard 2009. Internal Audit performs a review of<br />
financial policies and procedures on a quadrennial basis to assure the<br />
Audit, Compliance and Risk Committee of Council that the <strong>University</strong> is<br />
compliant with the legislation.<br />
PUBLIC INTEREST DISCLOSURE ACT 2010<br />
This Act came into effect on 1 January 2011, replacing the<br />
Whistleblowers Protection Act 1994. The Public Interest Disclosure Act<br />
requires disclosures to be reported to the Public Service Commission,<br />
rather than in our <strong>Annual</strong> <strong>Report</strong>.<br />
PUBLIC SECTOR ETHICS ACT 1994<br />
The <strong>CQ<strong>University</strong></strong> Code of Conduct reaffirms the <strong>University</strong>’s commitment<br />
to the ethical principles set out in the <strong>Queensland</strong> Public Sector Ethics<br />
Act 1994. The Code goes beyond the Act’s emphasis on good public<br />
administration to demonstrate how ethical principles are fundamental<br />
OUR CORPORATE GOVERNANCE
54<br />
OUR CORPORATE GOVERNANCE<br />
to the operations of the <strong>University</strong>; and these are also reflected in the<br />
<strong>University</strong>’s Value of Openness. The <strong>University</strong>’s Leading Towards Zero<br />
Tolerance program rolled out in 2012 covered the requirements of our Code<br />
of Conduct and staff obligations under the Act.<br />
DELEGATIONS OF AUTHORITY<br />
The <strong>University</strong>’s Schedule of Authorities and Financial Delegations<br />
Policy and attached schedules document the authorities within the<br />
<strong>University</strong> to exercise powers and carry out certain actions for which<br />
staff and officers of the <strong>University</strong> are accountable. Delegation of<br />
authority and powers is accompanied by appropriate internal control<br />
structures and systems to enable effi cient but controlled operation of<br />
the business. The Schedule and Policy are updated as required and<br />
reviewed in accordance with the <strong>University</strong>’s policy review schedule.<br />
AUDIT AND RISK MANAGEMENT<br />
AUDIT COMMITTEE<br />
The <strong>University</strong> Council has an established Audit, Compliance and<br />
Risk Committee to assist the Council to discharge its responsibilities<br />
prescribed in the Financial Accountability Act 2009, the Financial<br />
and Performance Management Standard 2009 and other relevant<br />
legislation and prescribed requirements.<br />
The purpose of the Audit, Compliance and Risk Committee is to assist<br />
the Council to fulfil its oversight responsibilities regarding:<br />
• the <strong>University</strong>’s frameworks for performance management, risk<br />
management and internal control<br />
• the performance of the internal audit and external audit functions<br />
• the integrity of the <strong>University</strong>’s fi nancial reporting processes<br />
• ensuring a healthy and safe workplace<br />
• the application of good corporate governance principles<br />
• ensuring strong compliance with legislative requirements.<br />
The Committee is responsible for reviewing, discussing and promptly<br />
reporting, as appropriate, to the Council in relation to the above areas.<br />
Meeting attendance in 2012 was as follows:<br />
TABLE 18: AUDIT, COMPLIANCE AND RISK COMMITTEE 2012<br />
Member<br />
Number of<br />
meetings attended<br />
Total possible<br />
meetings<br />
Ms Sandra Collins (Chair) 6 6<br />
Mr Charles Ware 5 6<br />
Ms Narelle Pearse 4 6<br />
Mr Graham Carpenter 2 2<br />
Ms Marni McGrath 4 6<br />
Representatives of the <strong>University</strong>’s senior management regularly attend<br />
Committee meetings to provide members with necessary reports and<br />
briefings. Representatives include the Vice-Chancellor and President;<br />
the Deputy Vice-Chancellor (Academic and Research); the Deputy<br />
Vice-Chancellor (International and Services) and Chief Executive Officer,<br />
C Management Services Pty Ltd; the <strong>University</strong> Secretary; the Chief<br />
Financial Officer and CFO, C Management Services Pty Ltd; the Director<br />
Corporate Strategy and Planning Directorate; and the Associate Director<br />
Audit and Advisory Directorate. A standing invitation has been extended<br />
to the <strong>University</strong>’s external auditors to discuss any matters with the<br />
Committee regarding its auditing of the <strong>University</strong>’s financial statements.<br />
During 2012 the Committee operated within the framework established<br />
by its Terms of Reference with due regard to the Audit Committee<br />
Guidelines issued by <strong>Queensland</strong> Treasury.<br />
The Committee undertook annual self-evaluation and reporting to the<br />
Council. To ensure a comprehensive evaluation was undertaken, the<br />
Committee survey instrument was aligned with the Committee’s Terms<br />
of Reference and was informed by better practice guidance published by<br />
the <strong>Queensland</strong> Audit Office.<br />
In addition, the Committee concentrated on further embedding strong<br />
committee practice, which had been identified and implemented in recent<br />
years. The Committee continued to focus on high priority areas with<br />
considerable success; received presentations on key strategic risks at<br />
each meeting; continued to focus on the resolution of outstanding audit<br />
recommendations; and undertook private sessions with the external audit<br />
and internal audit functions.<br />
INTERNAL AUDIT FUNCTION<br />
Organisationally, the Audit and Advisory Directorate forms part of the<br />
Corporate Governance Division, reporting to the <strong>University</strong> Secretary<br />
for administrative purposes, and to the Audit, Compliance and Risk<br />
Committee for functional purposes.<br />
Audit and Advisory operates within a Charter approved by the Audit,<br />
Compliance and Risk Committee, which is consistent with the Definition of<br />
Internal Auditing, the Code of Ethics, and the International Standards for<br />
the Professional Practice of Internal Auditing as issued by the Institute of<br />
Internal Auditors. The Directorate operates independently of the structures<br />
and systems within the <strong>University</strong> to provide meaningful assurance. The<br />
purpose of the Audit and Advisory Directorate is to assist the Council; the<br />
Audit, Compliance and Risk Committee; and <strong>University</strong> management and<br />
staff in the effective discharge of their responsibilities. This is achieved<br />
through the provision of independent advice and assurance underpinned<br />
by a process of systematic, professional and independent audits, which<br />
measure and evaluate the efficiency, effectiveness, economy and<br />
compliance of controls and systems in place.<br />
Planning, monitoring, reporting, and review processes exist to ensure<br />
the effective, efficient and economic operation of the Audit and Advisory<br />
Directorate. The <strong>University</strong> Secretary receives regular reports as<br />
does the Audit, Compliance and Risk Committee. In addition, ongoing<br />
monitoring and regular reviews of audit operations are undertaken.<br />
The work of the Audit and Advisory Directorate is guided by its<br />
multi-year strategy (which outlines objectives and strategies for the<br />
Directorate for a fi ve-year period) and its annual work plan (which<br />
operationalizes the multi-year strategy for a one-year period). In
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
55<br />
developing the respective plans a risk assessment is undertaken to<br />
provide a means for rational deployment of limited resources to assure<br />
audit coverage of the areas identifi ed as representing the greatest<br />
current risk, while at the same time assuring broad coverage of the<br />
business operations of the <strong>University</strong> over time. Audit and Advisory<br />
staff use their combined experience and judgment, along with input<br />
from the <strong>University</strong>’s executive management, senior management<br />
and external auditors to assess the overall level of risk for an area. A<br />
number of risk factors are considered as part of the risk assessment<br />
process. Each plan is reviewed by the Audit, Compliance and Risk<br />
Committee at its fi nal meeting of the year and recommended to the<br />
Council for approval.<br />
Audit and Advisory staff issued 14 audit reports on fi nancial,<br />
compliance, operational and information technology matters during<br />
2012. Significant review reports issued during 2012 related to strategic<br />
asset management, mobile phone usage, timesheet management,<br />
compliance with the Education Services for Overseas Students (ESOS)<br />
Act, and contract management.<br />
Audit and Advisory also has responsibility for supporting the Audit,<br />
Compliance and Risk Committee and for liaising with the <strong>University</strong>’s<br />
external auditors to ensure a properly coordinated overall audit effort.<br />
An annual report is provided to the Committee on the performance<br />
of Audit and Advisory. In supporting the operations of the Audit,<br />
Compliance and Risk Committee, the Directorate has had due regard to<br />
<strong>Queensland</strong> Treasury’s Audit Committee Guidelines.<br />
RISK MANAGEMENT FUNCTION<br />
The function of risk management at <strong>CQ<strong>University</strong></strong> is to manage risk in<br />
accordance with the process set out in the Australian/New Zealand<br />
Joint Standard on Risk Management (AS/NZS ISO 31000:2009)<br />
to benefit the <strong>University</strong> and manage the cost of risk by focusing<br />
on strategies to minimise risks to <strong>University</strong> goals and objectives.<br />
The <strong>University</strong> has an integrated Risk Management and Planning<br />
Framework where strategic, corporate and operational risks are linked<br />
to the relevant plans. The Audit, Compliance and Risk Committee of<br />
Council has oversight of all enterprise risks which are reviewed against<br />
their mitigation strategies within the relevant plan. Any signifi cant<br />
operational or fi nancial risks are dealt with at the senior executive<br />
level of the <strong>University</strong> as well as the Committee. Risks are monitored<br />
through systematic reviews and within plans in the <strong>University</strong>.<br />
Strategic risks are reported to each Council meeting.<br />
ENTITIES CONTROLLED BY<br />
THE UNIVERSITY<br />
The <strong>University</strong> has formed a number of entities that serve to<br />
further the functions of the <strong>University</strong> in accordance with the<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Act 1998. The <strong>University</strong> Council<br />
monitors the performance of these entities through its Planning<br />
and Resources Committee. The Committee receives quarterly<br />
financial statements, an annual report on progress and an annual<br />
business plan. Each of the following controlled entities prepares<br />
a set of financial statements for audit by the <strong>Queensland</strong> Audit<br />
Office. Once certified, the financial information is combined with<br />
that of the <strong>University</strong> to produce a consolidated financial position<br />
(refer to annual financial statements in Volume 2).<br />
AUSTRALIAN INTERNATIONAL CAMPUSES<br />
TRUST AND AUSTRALIAN INTERNATIONAL<br />
CAMPUSES PTY LTD<br />
The Australian International Campuses Trust is a unit trust and was<br />
established to hold the shares of C Management Services Pty Ltd on<br />
behalf of <strong>CQ<strong>University</strong></strong>. The Australian International Campuses Pty<br />
Ltd is the trustee for the trust and <strong>CQ<strong>University</strong></strong> is the sole beneficiary<br />
of the trust and holds all units on issue. The Australian International<br />
Campuses Pty Ltd Board comprises the following members:<br />
CHAIR<br />
Ms Sandra Collins, BEng(Mining) Qld, MBusAdmin Pennsylvania<br />
BOARD MEMBERS<br />
Mr Graham Carpenter, GradDipMgt CIAE, MBusAdmin CQU, FICAA, FAICD<br />
COMPANY SECRETARY<br />
Ms Jenny Roberts, BBusAdmin CQU, GAICD<br />
CQU INSTITUTE OF HIGHER LEARNING PTE LTD<br />
On 9 March 2012, <strong>CQ<strong>University</strong></strong> incorporated a new company in<br />
Singapore for the purpose of ensuring that the <strong>University</strong> has control<br />
over its transnational education strategy, intellectual property and<br />
brand. The CQU Institute of Higher Education Pte Ltd Board comprises<br />
the following members:<br />
CHAIR<br />
Professor Scott Bowman TDCR, DCR, HDCR CollRadiog, FAETC<br />
City&Guilds, MA GuildHall, MBA USC, PhD OpenUK<br />
OUR CORPORATE GOVERNANCE<br />
BOARD MEMBERS<br />
Professor Graham Pegg, BSc (Hons), PhD, C.Chem JCU<br />
Mr David Turner CA, BComm Qld<br />
Mr Patrick Loke<br />
Mr Cheng Sim Kok<br />
COMPANY SECRETARY<br />
Mrs Jeannete Aruldoss
56<br />
OUR CORPORATE GOVERNANCE<br />
CQU TRAVEL CENTRE PTY LTD<br />
This company provides travel agency services and educational travel<br />
programs for <strong>University</strong> staff and students as well as the general<br />
public. The entity is 100% owned by the <strong>University</strong> and has a Board of<br />
Directors comprising the following members:<br />
CHAIR<br />
Mr David Turner, CA, BComm Qld<br />
BOARD MEMBER AND COMPANY SECRETARY<br />
Ms Jenny Roberts, BBusAdmin CQU, GAICD<br />
HEALTH TRAIN EDUCATION SERVICES PTY LTD<br />
On 13 June 2012, <strong>CQ<strong>University</strong></strong> took ownership of Health Train<br />
Education Services Pty Ltd which is a registered training organisation<br />
(RTO). Health Train Education Services Pty Ltd is a respected training<br />
provider of vocational education and training (VET) programs in enrolled<br />
nursing and aged care, based in Victoria. Health Train Education<br />
Services Pty Ltd Board comprises the following members:<br />
CHAIR<br />
Mr Nik Babovic BEd QUT, MBA GradDipBusMgt GCIT<br />
BOARD MEMBERS<br />
Mr David Turner, CA, BComm Qld<br />
COMPANY SECRETARY<br />
Ms Jenny Roberts, BBusAdmin CQU, GAICD<br />
MASK-ED INTERNATIONAL PTY LTD<br />
Mask-Ed International Pty Ltd was established to commercialise<br />
intellectual property developed through the <strong>University</strong>’s undergraduate<br />
Nursing program. The intellectual property is a novel experiential<br />
learning process that provides a realistic and humanistic simulation<br />
experience. The company is a wholly-owned subsidiary of the<br />
<strong>University</strong> and has a Board comprising the following members:<br />
CHAIR<br />
Mr David Turner, CA, BComm Qld<br />
COMPANY SECRETARY<br />
Ms Jenny Roberts, BBusAdmin CQU, GAICD<br />
C MANAGEMENT SERVICES PTY<br />
LTD<br />
C Management Services Pty Ltd (CMS) is a wholly-owned subsidiary<br />
of <strong>CQ<strong>University</strong></strong> operating as a corporate arm of the <strong>University</strong> with<br />
responsibility for the management of its international operations in all<br />
education sectors.<br />
The principal activity of CMS is to manage the metropolitan campuses<br />
of <strong>CQ<strong>University</strong></strong> in Sydney, Melbourne, Brisbane and the Gold Coast<br />
including the delivery of the <strong>University</strong>’s programs (Diploma, Bachelors,<br />
Masters Degrees and Professional Doctorates) in a range of disciplines<br />
as well as English Language, Foundation and Professional-Year<br />
programs through these campuses.<br />
OBJECTIVES OF CMS<br />
The objectives of CMS as defi ned in the Company’s Constitution are as<br />
follows:<br />
a. conducting the business of managing and operating the Australian<br />
International Campuses of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> for<br />
the provision of courses of education to eligible domestic and<br />
international students<br />
b. maximising the value of the business for the benefi t of the<br />
Shareholders<br />
c. maintaining the reputation, quality and values of <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> in undertaking the business, and<br />
d. performing the functions necessary for or incidental to achieving<br />
objects (a) to (c).<br />
STRATEGIC DIRECTION<br />
The CMS Strategic Direction is endorsed by the CMS Board of<br />
Directors and approved by the <strong>University</strong> Council. The plan includes,<br />
among other things, the CMS Vision which follows the <strong>CQ<strong>University</strong></strong><br />
Vision and the CMS Mission.<br />
The CMS Vision is to support <strong>CQ<strong>University</strong></strong> to become one of<br />
Australia’s truly great universities through extensive engagement with<br />
domestic and international communities and stakeholders, ensuring<br />
a high standard of learning and teaching, scholarly productivity,<br />
governance and enterprise.<br />
The CMS Mission is to operate as a corporate arm of <strong>CQ<strong>University</strong></strong><br />
delivering commercially and academically superior quality management<br />
of <strong>CQ<strong>University</strong></strong>’s international operations in all education sectors<br />
and managing all metropolitan campuses of the <strong>University</strong>. CMS is<br />
committed to delivering its core business of campus management;<br />
teaching excellence; international marketing and recruitment; distance<br />
support and marketing; delivering on the <strong>CQ<strong>University</strong></strong> franchise and<br />
leading overseas distance education. The Mission will be achieved<br />
by embracing the <strong>CQ<strong>University</strong></strong> and CMS values of openness,<br />
inclusiveness, a ‘can-do’ approach, engagement and leadership and<br />
the additional CMS value of ‘we care’.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
57<br />
GOVERNANCE<br />
The CMS governance structure is modeled on the corporate<br />
governance guidelines for a government-owned corporation (GOC).<br />
The CMS Constitution sets out the fundamental and entrenched<br />
rules governing the conduct of the Company including those matters<br />
requiring the prior approval of the Shareholder.<br />
CMS is governed by a Board of Directors who approve the strategic<br />
direction and operations of the Company in accordance with sound<br />
corporate governance protocols. The CMS Board Charter sets out the<br />
overarching function, purpose, duties and responsibilities of the CMS<br />
Board of Directors to facilitate Board and management accountability<br />
for CMS’s performance and strategic direction. The CMS Board Charter<br />
defines the primary responsibility of the CMS Board of Directors to be<br />
to govern and manage the business of CMS and ensure the profi table<br />
operation of CMS on a sustainable basis.<br />
BOARD OF DIRECTORS<br />
The size and composition of the Board is determined by the<br />
Shareholder having regard to the skills and expertise required to<br />
advance the interests of the Company.<br />
Currently, the CMS Board consists of five Directors, two of whom<br />
are independent. All Directors serve a three-year term and the three<br />
Directors who are <strong>CQ<strong>University</strong></strong> Council members only remain a member<br />
of the CMS Board whilst still a Council Member. All Directors have<br />
extensive experience within the Australian higher education sector.<br />
The CMS Board of Directors comprises:<br />
CHAIR<br />
Professor Scott Bowman, TDCR, DCR, HDCR CollRadiog, FAETC<br />
City&Guilds, MArts GuildHall, MBusAdmin USC, PhD OpenUK, FAIM<br />
BOARD MEMBERS<br />
Emeritus Professor Anthony Blake AM, MSc, BEd Melbourne, PhD<br />
Purdue, Hon DUniv UTS<br />
Mr Rennie Fritschy, BEng(Chem) Sydney, BEc WAust, FIEAust, FAICD<br />
Ms Lindy Hyam, DipTeach Sydney, BEd Sydney, MBA UTS, FAICD<br />
Mr Charles Ware, BA, LLB(Hons) Qld, MBus(PubMgt), LLM, QUT, FAICD<br />
ALTERNATE DIRECTOR<br />
Mr Alastair Dawson, BA DDIAE, MBA CQU, MAICD, FAIM<br />
COMMITTEES OF THE CMS BOARD<br />
The CMS Board has established two Committees which<br />
each have Charters outlining their objectives, roles and<br />
responsibilities. Committee Members comprise the full Board<br />
of Directors.<br />
AUDIT RISK AND LEGAL COMPLIANCE<br />
COMMITTEE<br />
CHAIR<br />
Ms Lindy Hyam, DipTeach Sydney, BEd Sydney, MBA UTS,<br />
FAICD<br />
Its role is to monitor, investigate and make recommendations<br />
to the CMS Board of Directors with respect to fi nancial and<br />
external reporting, related party transactions, external and<br />
internal audit, risk management and quality assurance, ethics<br />
and compliance.<br />
HUMAN RESOURCES COMMITTEE<br />
CHAIR<br />
Mr Rennie Fritschy, BEng(Chem) Sydney, BEc WAust, FIEAust, FAICD<br />
Its role is to monitor, investigate and make recommendations to the<br />
CMS Board of Directors with respect to employee and industrial<br />
relations matters, remuneration and incentive policies and practices,<br />
workforce planning and human resources policies and practices<br />
including occupational health and safety, equal opportunity and<br />
discrimination.<br />
The CMS Board and each of its Committees conduct annual<br />
performance evaluations as well as assessment of the CMS Chairman,<br />
individual Directors (self-assessment and peer-assessment), the<br />
Chief Executive Offi cer, the Chief Financial Offi cer and the Company<br />
Secretary. The CMS Board and Committee Charters are also reviewed<br />
annually to ensure best practice and are updated throughout the year<br />
as required.<br />
MEETINGS<br />
The CMS Board of Directors meet a minimum of six times per annum.<br />
In 2012, the CMS Board met nine times. The Committees of the CMS<br />
Board are required to meet a minimum of four times per year. In 2012,<br />
the Audit, Risk and Legal Compliance Committee and the Human<br />
Resources Committee each met fi ve times.<br />
OUR CORPORATE GOVERNANCE<br />
COMPANY SECRETARY<br />
Ms Debra Witalik, LLB QUT, CSA (Cert)<br />
All Directors, excluding the Chairman, are Non-Executive Directors and<br />
are paid an annual director’s fee.<br />
SENIOR MANAGEMENT<br />
Early 2012 saw a change to the senior management of CMS with the<br />
replacement of the existing Chief Executive Officer and Chief Financial<br />
Officer with Mr Alastair Dawson undertaking the dual role of CMS<br />
Chief Executive Officer and <strong>CQ<strong>University</strong></strong> Deputy Vice-Chancellor<br />
(International and Services) and Mr David Turner performing the dual<br />
role of CMS Chief Financial Officer and <strong>CQ<strong>University</strong></strong> Chief Financial<br />
Officer.
58<br />
OUR CORPORATE GOVERNANCE<br />
REPORTING TO THE SHAREHOLDER<br />
CMS provides a written report to each <strong>University</strong> Council meeting in<br />
accordance with the requirements of the Shareholder. In addition, the<br />
Chief Executive Offi cer and the Chief Financial Offi cer attend at least<br />
one Council meeting per annum to present the CMS Five-Year Strategic<br />
Direction and associated plans.<br />
OTHER BODIES (NOT<br />
CONTROLLED ENTITIES)<br />
HORTICAL PTY LTD<br />
This venture was initiated as a joint venture between <strong>CQ<strong>University</strong></strong> and<br />
Colour Vision Systems (CVS) to commercialise their respective interests in<br />
non-invasive fruit sorting technology. To this end, <strong>CQ<strong>University</strong></strong> and CVS<br />
granted HortiCal a licence on the intellectual property relating to the use<br />
of near infrared spectroscopy. HortiCal’s business is to support research<br />
and development and to commercialise the intellectual property it holds.<br />
RAIL INNOVATION AUSTRALIA PTY LTD<br />
This company was established to hold the intellectual property<br />
generated by the previous co-operative research centre, the CRC for<br />
Railway Engineering and Technologies, which closed in 2007.<br />
OUR COMMITTEE STRUCTURE<br />
AS AT 31 DECEMBER 2012<br />
Council<br />
Vice-Chancellor and<br />
President<br />
Chancellor’s Committee<br />
Vice-Chancellor’s<br />
Advisory Committee<br />
Academic Board<br />
Audit, Compliance and<br />
Risk Committee<br />
Appeals Committee<br />
Ceremonial and Honorary<br />
Awards Committee<br />
Education Committee e<br />
of Academic Board<br />
Planning and Resources<br />
Committee<br />
Executive Committee e<br />
of Academic Board<br />
Research Committee e<br />
of Academic Board<br />
Research Higher<br />
Degrees Committee
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
59<br />
OUR CORPORATE GOVERNANCE<br />
The new mobile education trailer is a key component of the widening participation project.
60<br />
Our Financial<br />
Performance<br />
‘THE<br />
UNIVERSITY<br />
OPERATES TO<br />
ACHIEVE VALUE<br />
FOR MONEY<br />
AND HAS<br />
APPROPRIATE<br />
POLICIES AND<br />
PROCEDURES<br />
TO SUPPORT<br />
THIS OUTCOME’
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
OUR FINANCIAL PERFORMANCE<br />
RESULT FOR 2012<br />
The <strong>University</strong> recorded a signifi cant loss for the year of $24.668m,<br />
which is deterioration on the loss of the previous year of $3.763m. A<br />
downturn in international student revenue contributed to this loss,<br />
resulting in revenue of $17.671m less than in 2011. The <strong>University</strong><br />
responded to this by undertaking restructuring to offset the decline in<br />
student numbers and incurred redundancies in excess of $4m.<br />
In addition, the <strong>University</strong> continued to invest in the development of<br />
new programs and facilities. This contributed around $8m to the loss<br />
position as the <strong>University</strong> renovated space for new laboratories and<br />
purchased significant equipment to support these programs.<br />
<strong>CQ<strong>University</strong></strong>’s research area also contributed to this loss due to<br />
spending funds that had been received in a prior period, resulting in<br />
expenditure exceeding grants and other revenue for the year.<br />
REVENUE PERFORMANCE DOMESTIC LOAD<br />
There was a 19.8% increase in Australian Government funding<br />
received in 2012 compared to 2011.<br />
The Commonwealth Grant Scheme income increased by 15.65% to<br />
$77.616m reflecting an increase in domestic student load of 13.4%,<br />
with indexation of Commonwealth funding and continued growth in our<br />
health programs.<br />
The <strong>University</strong> set aggressive domestic student enrolment targets in<br />
the 2012 budget and the actual result was better than expected. The<br />
revenue targets for domestic funded load was exceeded by $9.552m<br />
giving a total of $106.176m (refer to Table 19).<br />
TABLE 19: BUDGET 2012 COMPARED TO ACTUAL<br />
AUSTRALIAN FUNDED LOAD EFTSL AND DOLLARS<br />
(EXCLUDING RESEARCH STUDENTS)<br />
2012<br />
Budget<br />
2012<br />
Actual<br />
Variance<br />
to Budget<br />
Percentage<br />
Variance<br />
Australian 6574 6880 306 4.65%<br />
funded load<br />
EFTSL<br />
Australian $96.624m $106.176m $9.552m 9.88%<br />
funded load<br />
REVENUE<br />
Source: CQU Budget document 2012 / Actual EFTSL per the <strong>University</strong> dashboard, Actual Revenue<br />
for CGS and HECS per <strong>CQ<strong>University</strong></strong> Financials<br />
REVENUE PERFORMANCE FEE-PAYING<br />
STUDENTS AUSTRALIAN AND<br />
INTERNATIONAL<br />
Revenue from fees and charges continued in decline, due to a<br />
continued drop in international students studying at the metropolitan<br />
campuses. This was further compounded by the related drop in<br />
Management Fee of $7.75m received from C Management Services.<br />
The <strong>University</strong> budgeted for a decline in international students<br />
however the size of the decline exceeded expectations. The<br />
<strong>University</strong> delivered 32 413 courses compared to a budget<br />
of 38 581 courses and actual delivery of 40 731 courses the<br />
previous year. This resulted in a loss of revenue from 2011 to<br />
2012 of $17.671m (refer to Table 20).<br />
TABLE 20: BUDGET 2011 COMPARED TO ACTUAL FEE-<br />
PAYING LOAN COURSES AND DOLLARS (EXCLUDING<br />
RESEARCH STUDENTS)<br />
Fee-paying<br />
student<br />
COURSES<br />
Fee-paying<br />
student<br />
REVENUE<br />
2012<br />
Budget<br />
2012<br />
Actual<br />
Variance<br />
to Budget<br />
Percentage<br />
Variance<br />
38 581 32 413 6168 16.0%<br />
$84.873m $73.789m $11.084m 13.0%<br />
Source: CQU Budget document 2012 / Actual courses and revenue per the <strong>University</strong><br />
dashboard<br />
Other signifi cant revenue movements include a decline in Fee<br />
Revenue due to non-payment of $7.75m in Management Fee<br />
from C Management Services Pty Ltd and a decline in investment<br />
income due to much lower than expected interest rates,<br />
non-payment of distributions from the investment in the <strong>Queensland</strong><br />
Investment Corporation Growth Fund and no dividend payment from<br />
C Management Services Pty Ltd.<br />
EXPENDITURE PERFORMANCE<br />
Total expenditure increased from $262.823m in 2011 to $275.534m in<br />
2012, an increase of $12.7m or 4.8%.<br />
General operations was overspent by $6.428m which relates to<br />
$4m for accounting adjustments for leases and additional leases<br />
commenced during the year that were not budgeted, and salaries<br />
of $2.79m. Restructuring carried out during 2012 to reduce staffi ng<br />
numbers cost the <strong>University</strong> in excess of $4m.<br />
Research and restricted funds contributed $12.434m to the loss.<br />
The bulk of this expenditure is attributed to the <strong>University</strong>-funded<br />
investment into new buildings, new programs, building renovation<br />
and purchase of equipment for new program delivery. As these are<br />
internally funded projects there is no revenue to offset against the<br />
expenditure. Without this investment into new programs the <strong>University</strong><br />
would not be refl ecting the growth in domestic student numbers that<br />
was occurring by the end of 2012. The <strong>University</strong> has in the past few<br />
years invested a signifi cant amount from its reserves into programs<br />
and buildings to re-invigorate the domestic business. In 2012 the<br />
<strong>University</strong> saw an increase in load of 13.4% and applications by the<br />
end of 2012 suggest in excess of 10% growth in 2013.<br />
61<br />
OUR FINANCIAL PERFORMANCE
62<br />
OUR FINANCIAL PERFORMANCE<br />
Other areas of expenditure that have seen a signifi cant increase are<br />
leases, where the <strong>University</strong> made strategic investments in expansion<br />
of leased space at Noosa, Adelaide and Cairns. Leases increased by<br />
$3.788m from 2011 to 2012.<br />
Depreciation increased by $1.3m or 10% refl ecting the capitalisation<br />
of completed projects. Other expenses to show signifi cant increases<br />
included marketing where additional funds were invested to support<br />
growth in domestic student numbers ($720k), scholarships and prizes<br />
($774k), legal costs incurred in pursuit of the merger ($407k), student<br />
waivers ($781k) and increased utilities costs ($893k).<br />
Management fees paid to partners have decreased by 13.1% refl ecting<br />
the decline in international student numbers.<br />
OTHER MATTERS<br />
The <strong>University</strong> maintains a comprehensive insurance program that<br />
annually assesses its risks and provides appropriate levels of cover<br />
for each of these risks. It also has a range of programs for staff<br />
and students to ensure their safety and wellbeing, and provides<br />
appropriate channels to enable decisions of the <strong>University</strong> to be<br />
reviewed. Through these mechanisms the <strong>University</strong> minimises the<br />
cost and risk in relation to liabilities and contingent liabilities.<br />
The <strong>University</strong> operates to achieve value for money and has appropriate<br />
procurement policies and procedures to support this outcome.<br />
The <strong>University</strong> has exercised appropriate control over budgets and has<br />
operated within the budgets it allocated to Divisions for the year. As a<br />
result of revenue losses in the international student business not being<br />
fully offset by increases in domestic student revenue, the <strong>University</strong><br />
recorded a defi cit of revenue.<br />
It was too late in the year to make adjustments to expenditure budgets<br />
by the time this information was to hand. Further the <strong>University</strong><br />
made decisions to incur additional costs in restructuring to make the<br />
<strong>University</strong> more sustainable into the future. Spending of research funds<br />
were not in excess of the budget but were against funds earned in a<br />
prior year, and the spending of <strong>University</strong> funds against development<br />
projects was approved by Council within the budgets established for<br />
those projects.
64<br />
Our Contact<br />
Details
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
65<br />
CQUNIVERSITY APPLETON INSTITUTE (ADELAIDE)<br />
44 Greenhill Road<br />
Wayville SA 5034<br />
Tel: +61 8 8378 4523<br />
Fax: +61 8 8378 4532<br />
CQUNIVERSITY NOOSA<br />
90 Goodchap Street<br />
Noosaville Qld 4566<br />
Tel: +61 7 5440 7000<br />
Fax: +61 7 5440 7025<br />
OUR CONTACT DETAILS<br />
CQUNIVERSITY BUNDABERG<br />
<strong>University</strong> Drive<br />
Bundaberg Qld 4670<br />
Tel: +61 7 4150 7177<br />
Fax: +61 7 4150 7090<br />
CQUNIVERSITY CAIRNS DISTANCE EDUCATION<br />
STUDY CENTRE<br />
36 Florence Street<br />
Cairns Qld 4870<br />
Tel: +61 7 4031 1572<br />
Fax: +61 7 4923 2767<br />
CQUNIVERSITY EMERALD<br />
Capricorn Highway<br />
Emerald Qld 4720<br />
Tel: +61 7 4982 0205<br />
Fax: +61 7 4982 1246<br />
CQUNIVERSITY GLADSTONE<br />
Bryan Jordan Drive<br />
Gladstone Qld 4680<br />
Tel: +61 7 4970 7277<br />
Fax: +61 7 4970 7252<br />
CQUNIVERSITY GOLD COAST<br />
60 Marine Parade<br />
Southport Qld 4215<br />
Tel: +61 7 5552 4988<br />
Fax: +61 7 5531 2288<br />
CQUNIVERSITY MACKAY<br />
Boundary Road<br />
Mackay Qld 4741<br />
Tel: +61 7 4940 7577<br />
Fax: +61 7 4940 7407<br />
CQUNIVERSITY MELBOURNE<br />
108 Lonsdale Street<br />
Melbourne Vic 3000<br />
Tel: +61 7 8662 0555<br />
Fax: +61 7 9639 4800<br />
CQUNIVERSITY ROCKHAMPTON<br />
Bruce Highway<br />
Rockhampton Qld 4702<br />
Tel: +61 7 4930 9777<br />
Fax: +61 7 4923 2100<br />
CQUNIVERSITY SYDNEY<br />
400 Kent Street<br />
Sydney NSW 2000<br />
Tel: +61 7 9324 5000<br />
Fax: +61 7 8295 5766
66<br />
Glossary
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
ACARP<br />
Australian Coal Association Research Program<br />
ICECS<br />
Indigenous Commonwealth Education Scholarships<br />
67<br />
AEIOU<br />
AGS<br />
AHEEF<br />
AHEGS<br />
Autism Early Intervention Outcomes Unit<br />
Australian Graduate Survey<br />
Australasian Higher Education Evaluation Forum<br />
Australian Higher Education Graduation Statements<br />
IERC<br />
IRIS<br />
LGBTI<br />
LIEF<br />
International Education Research Centre<br />
Institute for Resource Industries and Sustainability<br />
Lesbian, Gay, Bisexual, Transsexual and Intersexual<br />
Linkage Infrastructure, Equipment and Facilities<br />
GLOSSARY<br />
ALSU<br />
Academic Learning Services Unit<br />
LSES<br />
Low socio-economic status<br />
AM<br />
Member of the Order of Australia<br />
LTERC<br />
Learning and Teaching Education Research Centre<br />
AQF<br />
Australian Qualifications Framework<br />
MAP<br />
Monitoring Academic Progress<br />
ARC<br />
Australian Research Council<br />
MATSITI<br />
More Aboriginal and Torres Strait Islander Teachers Initiative<br />
BMA<br />
BHP Billiton Mitsubishi Alliance<br />
MET<br />
Mobile Education Trailer<br />
CAFs<br />
Commonwealth Assistance Forms<br />
MOU<br />
Memoranda of Understanding<br />
CAS<br />
Commonwealth Accommodation Scholarships<br />
NHMRC<br />
National Health and Medical Research Council<br />
CBD<br />
<strong>Central</strong> Business District<br />
OAM<br />
Medal of the Order of Australia<br />
CECS<br />
Commonwealth Education Scholarships<br />
OOCs<br />
Open online courses<br />
CEM<br />
Centre for Environmental Management<br />
OP<br />
Overall Position<br />
CMS<br />
C Management Services Pty Ltd<br />
OPAL<br />
Awards for Excellence in Engagement Awards<br />
COP<br />
Communities of Practice<br />
OSPRO<br />
Outside Studies Program<br />
CQHHS<br />
<strong>Central</strong> <strong>Queensland</strong> Hospital and Health Services<br />
OSS<br />
Overall Satisfaction Score<br />
CQIRP<br />
<strong>Central</strong> <strong>Queensland</strong> Innovation and Research Precinct<br />
PhD<br />
Doctor of Philosophy<br />
CQ TAFE<br />
<strong>Central</strong> <strong>Queensland</strong> Technical and Further Education<br />
PRPD<br />
Performance Review and Professional Development<br />
CR<br />
Councillor<br />
QCIF<br />
<strong>Queensland</strong> Cyber Infrastructure Foundation<br />
CRM<br />
Customer Relationship Management<br />
QCPD<br />
<strong>Queensland</strong> Centre for Professional Development<br />
CRN<br />
Collaborative Research Network<br />
QTAC<br />
<strong>Queensland</strong> Tertiary Admissions Centre<br />
CSG<br />
Coal seam gas<br />
REC<br />
Regional Engagement Committee<br />
CVS<br />
Colour Vision Systems<br />
RHD<br />
Research higher degree<br />
DECRA<br />
Discovery Early Career Researcher Award<br />
RTO<br />
Registered training organisation<br />
DEEWR Commonwealth Department of Education, Employment and<br />
Workplace Relations<br />
DIDO Drive in – drive out<br />
DIISRTE Department of Industry, Innovation, Science, Research and<br />
Tertiary Education<br />
E-DNA Electronic database on engagement activity<br />
EFTSL Equivalent Full-time Student Load<br />
ELICOS English Language Intensive Courses for Overseas Students<br />
EMS Equity Merit Scholarship<br />
ERA Excellence in Research for Australia<br />
ESOS Education Services for Overseas Students Act 2000<br />
ETA Equity Technology Award<br />
FIFO Fly in – fly out<br />
GCA Graduate Careers Australia<br />
GOC Government-owned corporation<br />
HERDC Higher Education Research Data Collection<br />
RTS<br />
RUN<br />
SBC<br />
SES<br />
SHEWS<br />
STEPS<br />
SUN<br />
TAFE<br />
TEQSA<br />
UAC<br />
VCAC<br />
VET<br />
VOICE<br />
VTAC<br />
WIL<br />
Research Training Scheme<br />
Regional Universities Network<br />
Student Business Centre<br />
Socio-economic status<br />
Safety Health Environment Workcover Sustainability<br />
Skills for Tertiary Education Preparatory Studies<br />
Start Uni Now<br />
Technical and Further Education<br />
Tertiary Education Quality Standards Agency<br />
<strong>University</strong> Admissions Centre<br />
Vice-Chancellor’s Advisory Committee<br />
Vocational education and training<br />
Staff Satisfaction Survey<br />
Victorian Tertiary Admissions Centre<br />
Work-integrated learning<br />
HEPPP<br />
Higher Education Participation and Partnerships Program<br />
HDR<br />
Higher degree research<br />
HPC<br />
High Performance Computing<br />
IAS<br />
Indigenous Access Scholarship<br />
ICAS<br />
Indigenous Commonwealth Accommodation Scholarships
<strong>CQ<strong>University</strong></strong><br />
A N N U A L<br />
R E P O R T<br />
2012 | vol.2
jn12-0873<br />
20<br />
Distribution<br />
This report is available for download from the<br />
<strong>CQ<strong>University</strong></strong> website, or by contacting <strong>CQ<strong>University</strong></strong><br />
by email, telephone or fax to request a hard copy.<br />
Contact officer<br />
Ms Jenny Roberts<br />
<strong>University</strong> Secretary<br />
<strong>CQ<strong>University</strong></strong> Australia<br />
Bruce Highway<br />
Rockhampton Qld 4702<br />
Australia<br />
Telephone: +61 7 4930 6903<br />
Fax: +61 7 4930 9438<br />
Email: j.roberts@cqu.edu.au<br />
Website: www.cqu.edu.au<br />
<strong>Annual</strong> <strong>Report</strong> website:<br />
www.cqu.edu.au/about-us/governance/annual-report<br />
Feedback in writing to the above address is invited.<br />
Interpreter<br />
<strong>CQ<strong>University</strong></strong> is committed to<br />
providing accessible services<br />
to people from culturally and<br />
linguistically diverse backgrounds. If you have<br />
difficulty in understanding the <strong>Annual</strong> <strong>Report</strong>, you<br />
can contact <strong>CQ<strong>University</strong></strong> on +61 7 4930 9777<br />
and we will arrange an interpreter to effectively<br />
communicate the report to you.<br />
<strong>CQ<strong>University</strong></strong> <strong>Annual</strong> <strong>Report</strong> 2012<br />
ISSN 1839-2636<br />
Produced: Corporate Governance Division.<br />
Additional published information<br />
Additional published information on <strong>CQ<strong>University</strong></strong>’s<br />
information systems and recordkeeping, consultancies<br />
and overseas travel (staff and student) can be accessed<br />
from the <strong>Annual</strong> <strong>Report</strong> website: www.cqu.edu.au/<br />
about-us/governance/annual-report.<br />
Acknowledgement<br />
<strong>CQ<strong>University</strong></strong> recognises that its campuses are<br />
situated on Country for which Aboriginal people have<br />
been custodians for many centuries. The <strong>University</strong><br />
therefore pays its respects to the Elders, past, present<br />
and future for they hold the memories, the traditions,<br />
the culture and hopes of Indigenous Australia.<br />
Copyright<br />
© <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> 2013
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>CQ<strong>University</strong></strong><br />
A N N U A L<br />
1<br />
R E P O R T<br />
2012 | vol.2<br />
FINANCIAL STATEMENTS
2<br />
<strong>Annual</strong><br />
financial<br />
statements
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
COUNCIL MEMBERS REPORT<br />
The members of the Council of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> present their report on the consolidated entity<br />
consisting of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> and the entities it controlled at the end of, or during, the year ended 31<br />
December 2012.<br />
Governing Body Members<br />
The following persons were members of the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Council during 2012 and up to the date<br />
of this report:<br />
Mr Rennie Fritschy, BE(Chem) Sydney, BEc WAust, FIEAust, GAICD<br />
Professor Scott Bowman, TDCR, DCR, HDCR CollRadiog, FAETC City&Guilds, MA GuildHall, MBA USC, PhD<br />
OpenUK<br />
Mr Tim Griffin OAM, BEng(Civil), MBA CQU, FAICD, FCILT(UK)<br />
Mr Charles Ware, BA, LLB(Hons) Qld, MBus(PubMgt), LLM QUT, FAICD<br />
Ms Sandra Collins, BEng(Mining) Qld, MBA Pennsylvania<br />
Mr John Anderson, AssocDipCivEng DDIAE, BA USQ, GradCertSocSc Qld, CertIV WorkplaceTrain&Assess<br />
Dr Robyn Minchinton, BAppSc(MLS) RMIT, GradDipScComm CQU, Phd London<br />
Ms Narelle Pearse, BComm JCU, GradDipPsych CQU, MBA, MComm QUT, CA, ICAA<br />
Ms Caryl Turpin, BLM(EC) CQU<br />
Mr Peter Corones AM<br />
Dr John Fitzsimmons, BA(Hons), PhD Adelaide, GradCertOnlineLearning ECU (Elected by the academic staff)<br />
Ms Janette Davis, BBus(Acct) CQU, CIA, CCSA, MIIA (Aust) (Professional staff representative) (Appointed 30<br />
January 2012)<br />
Mr Graham Carpenter, GradDipMgt CIAE, MBA CQU, FICAA, FAICD (Appointed 25 May 2012)<br />
Professor Bronwyn Fredericks, DipTeach(Sec) BCAE, BEd, MEd QUT, MEdStudies UTas, PhD CQU (Appointed 1<br />
August 2012)<br />
Mr Jancsi (John) Mark, MCP (Elected by the professional staff) (Resigned 27 January 2012)<br />
Ms Marni McGrath, BBus(Acct) UCCQ, CA (Term of office concluded 25 May 2012)<br />
Professor Jennelle Kyd, BSc(Hons) UNSW, DipEd Sydney, PhD Newcastle (Resigned 31 August 2012)<br />
3<br />
ANNUAL FINANCIAL STATEMENTS<br />
Meetings of Members<br />
The numbers of meetings of the members of the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Council and each Council<br />
Committee held during the year ended 31 December 2012, and the number of meetings attended by each member<br />
were as follows:<br />
A = number of meetings attended<br />
B = number of meetings held (including Special Meetings) during the time the member held office or was a member<br />
of the Committee during the year<br />
Committee<br />
Council<br />
PR<br />
ACR<br />
AB<br />
C&HA<br />
C<br />
Council (Governing Body)<br />
Planning & Resources<br />
Audit, Compliance & Risk<br />
Academic Board<br />
Ceremonial & Honorary Award<br />
Chancellor’s<br />
Comment
4<br />
<br />
<br />
<br />
Committee Council PR ACR AB C&HA C<br />
Member A B A B A B A B A B A B<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Review of Operations
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
number of factors including increased Scholarships and Fee Waivers, increased Marketing spend and increased<br />
Utilities costs.<br />
The <strong>University</strong> also incurred significant expenses relating to the proposed merger with CQIT. The <strong>University</strong><br />
engaged professional services firms to provide due diligence and development of a merger agreement in addition to<br />
employing a full time project officer. These costs were always anticipated to be recovered from the promised funding,<br />
but at year end the merger had not proceeded.<br />
Significant Changes in the State of Affairs<br />
For the second year the <strong>University</strong> experienced significant decreases in international student numbers. During 2012<br />
the <strong>University</strong> was very strict on offers made to International students to ensure that the <strong>University</strong> could stay within<br />
the new streamlined visa processing system. This caused a significant issue in 2012 and as mentioned previously<br />
saw a decline in net revenue to the <strong>University</strong> of $12.2 M in 2012 from international student activity. Having<br />
implemented very strict screening in 2012 the <strong>University</strong> is aiming to stabilize international student intakes during<br />
2013.<br />
5<br />
ANNUAL FINANCIAL STATEMENTS<br />
Matters Subsequent to the End of the Financial Year<br />
There are no matters which have arisen subsequent to year end that significantly impact upon the operations of the<br />
<strong>University</strong> as disclosed at December 2012.<br />
Likely Developments and Expected Results of Operations<br />
The university was invited at the end of 2012 to re-submit its Structural Adjustment Fund bid. This will progress<br />
through the SAF Committee processes and the <strong>University</strong> expects a successful outcome and announcement of the<br />
$74M allocation to be made in the middle of the 2013 financial year. This application includes around $50M in capital<br />
funding for various projects and $24M for student retention and curriculum development projects to position<br />
<strong>CQ<strong>University</strong></strong> into the future as a strong regional <strong>University</strong>.<br />
Insurance of officers<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> indemnifies to the extent permitted by law, each Councillor, secretary, executive<br />
officer or individuals who formerly held one of those positions, against liability incurred in, or arising out of, the<br />
conduct of the business of the <strong>University</strong> or the discharge of the duties of the Councillor, secretary or executive<br />
officer. The <strong>University</strong> as a general rule will support and hold harmless an employee who, while acting in good faith,<br />
incurs personal liability to others as a result of working for the <strong>University</strong><br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> has paid premiums totalling $ 22,817 for a “Directors and Officers Liability Insurance<br />
& Employment Practices Liability Insurance Policy” with Zurich Australian Insurance Limited covering the insured<br />
person which by definition under the policy shall mean any chancellor, provost, dean, risk manager, counsellor,<br />
faculty member, volunteer, committee or council member, coach, consultant, contractor, assistant, trainer, teacher or<br />
academic, researcher, supervisor or student and any other person for whose acts the institution is legally<br />
responsible.<br />
This report is made in accordance with a resolution of the members of the Council of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong>.<br />
RC Ware<br />
Acting Chancellor<br />
Rockhampton<br />
Date : / / 2013
6<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Income Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Income from continuing operations<br />
Australian Government financial assistance<br />
Australian Government grants 3 91,538 82,740 91,538 82,740<br />
HELP - Australian Government payments 3 40,931 31,451 40,931 31,451<br />
HECS-HELP - Student payments 5,819 4,892 5,819 4,892<br />
Fees and charges 4 89,936 98,870 90,274 107,610<br />
Investment and rental income 5 3,741 8,402 3,177 8,682<br />
Royalties, trademarks and licences 4 14 4 14<br />
Consultancy and contracts 6 7,756 7,367 7,756 7,367<br />
Revaluation increment - - - -<br />
Sale of books and related student material 7 4,072 4,120 4,175 4,208<br />
Non-government grants 3,231 2,163 3,231 2,163<br />
Other revenue 8 4,264 2,695 3,976 2,322<br />
Total revenue from continuing operations 251,292 242,714 250,881 251,449<br />
Fair value adjustment to investment property - 350 - 350<br />
Gain on assets acquired at less than fair value 9 - 8,081 - 8,081<br />
Other income 16 - 16 -<br />
Total income from continuing operations 251,308 251,145 250,897 259,880<br />
Expenses from continuing operations<br />
Employee related expenses 10 161,632 145,797 130,540 116,108<br />
Depreciation and amortisation 11 14,327 13,038 13,583 12,239<br />
Repairs and maintenance 12 9,576 10,278 8,161 8,856<br />
Bad and doubtful debts 114 206 113 206<br />
Finance costs 208 25 208 25<br />
Management and other fees 13 16,252 14,817 53,143 61,098<br />
Minor acquisitions and consumables 7,496 9,114 7,054 8,643<br />
Minimum lease payments on operating leases 23,074 19,069 22,834 19,046<br />
Telecommunications 3,428 2,943 3,249 2,780<br />
Staff development, training and related travel 7,295 7,772 6,560 6,686<br />
Inventory purchases 3,110 2,656 3,110 2,656<br />
Books and subscriptions 1,939 2,133 1,531 1,764<br />
Recovery of Grants 14 3,561 2,708 3,561 2,708<br />
Loss on disposal of assets 42 653 29 629<br />
Other expenses 15 25,655 22,942 21,857 19,378<br />
Total expenses from continuing operations 277,709 254,152 275,533 262,823<br />
Share of profit/(loss) on equity accounted investments (net of tax) 23 (59) 41 - -<br />
Operating result from continuing operations before income tax (26,460) (2,966) (24,636) (2,943)<br />
Income tax expense 16 376 (312) - -<br />
Operating result from continuing operations after income tax for<br />
the period (26,084) (3,278) (24,636) (2,943)<br />
Operating result attributable to non-controlling interest (188) - - -<br />
Operating result attributable to members of <strong>Central</strong> <strong>Queensland</strong><br />
<strong>University</strong> (25,896) (3,278) (24,636) (2,943)<br />
The above Income Statements should be read in conjunction with the accompanying notes.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Statements of Comprehensive Income<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Operating result from continuing operations after income tax for the<br />
year (26,084) (3,278) (24,636) (2,943)<br />
Other comprehensive income<br />
Gain (loss) on revaluation of land and buildings, net of tax 31(a) 2,119 2,179 2,119 2,179<br />
Gain (loss) on revaluation of infrastructure, net of tax 31(a) 71 61 71 61<br />
Gain (loss) on revaluation of artwork collection, net of tax 31(a) (77) 347 (77) 347<br />
Gain (loss) on revaluation of library collection, net of tax 31(a) 1,167 - 1,167 -<br />
Gain (loss) on foreign exchange reserve 31(a) 34 - - -<br />
Gain (loss) on value of available for sale financial assets, net of tax 31(a) 3,589 (3,594) 3,219 (3,571)<br />
7<br />
ANNUAL FINANCIAL STATEMENTS<br />
Total comprehensive income (19,181) (4,285) (18,137) (3,927)<br />
Total comprehensive income attributable to:<br />
Non-controlling interest (171) - - -<br />
Total comprehensive income attributable to members of <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> (19,010) (4,285) (18,137) (3,927)<br />
The above Statement of Comprehensive Income should be read in conjunction with the accompanying notes.
8<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Statements of Financial Position<br />
as at 31 December 2012<br />
Consolidated<br />
Parent<br />
Notes 2012<br />
Restated<br />
31/12/11 2012<br />
Restated<br />
31/12/11<br />
$'000 $'000 $'000 $'000<br />
ASSETS<br />
Current assets<br />
Cash and cash equivalents 17 18,250 44,286 8,170 29,512<br />
Receivables 18 10,987 11,265 14,487 18,340<br />
Inventories 19 2,208 1,890 2,208 1,890<br />
Income tax assets 20 473 106 - -<br />
Available for sale financial assets 21 30,886 35,500 30,886 35,500<br />
Other non-financial assets 22 241 199 241 199<br />
Total current assets 63,045 93,246 55,992 85,441<br />
Non-current assets<br />
Available for sale financial assets 21 1,813 1,553 2,750 1,955<br />
Investments acounted for using the equity method 23 177 236 - -<br />
Investment properties 24 1,650 1,650 1,650 1,650<br />
Property, plant & equipment 25 267,563 253,986 266,535 252,628<br />
Intangible assets 26 5,557 6,145 5,523 6,046<br />
Deferred tax assets 27 1,912 1,526 - -<br />
Total non-current assets 278,672 265,096 276,458 262,279<br />
Total assets 341,717 358,342 332,450 347,720<br />
LIABILITIES<br />
Current liabilities<br />
Trade and other payables 28 9,948 9,475 8,422 8,197<br />
Provisions 29 26,704 24,195 24,257 21,378<br />
Other liabilities 30 14,080 19,708 14,054 19,196<br />
Total current liabilities 50,732 53,378 46,733 48,771<br />
Non-current liabilities<br />
Provisions 29 8,429 7,636 6,711 5,988<br />
Other liabilities 30 16,741 12,559 16,741 12,559<br />
Total non-current liabilities 25,170 20,195 23,452 18,547<br />
Total liabilities 75,902 73,573 70,185 67,318<br />
Net assets 265,817 284,769 262,265 280,402<br />
EQUITY<br />
Parent entity interest<br />
Reserves 31(a) 84,459 77,573 84,374 77,875<br />
Retained surplus 31(b) 181,134 207,196 177,891 202,527<br />
Parent entity interest 265,593 284,769 262,265 280,402<br />
Non-controlling interest 223 - - -<br />
Total equity 265,817 284,769 262,265 280,402<br />
The above Statements of Financial Position should be read in conjunction with the accompanying notes.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
9<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Statements of Changes in Equity<br />
for the year ended 31 December 2012<br />
Retained<br />
surplus<br />
Consolidated Parent<br />
Total:<br />
Owners of<br />
the parent<br />
Noncontrolling<br />
interest Total Reserves<br />
Retained<br />
surplus Total<br />
Notes Reserves<br />
$'000 $'000 $'000 $000 $'000 $'000 $'000 $'000<br />
Balance at 1 January 2011 78,580 210,474 289,054 - 289,054 78,859 205,469 284,328<br />
Operating result from continuing operations after tax - (3,278) (3,278) - (3,278) - (2,942) (2,942)<br />
Other comprehensive income<br />
Revaluation of land and buildings 31(a) 2,179 - 2,179 - 2,179 2,179 - 2,179<br />
Revaluation of infrastructure 31(a) 61 - 61 - 61 61 - 61<br />
Revaluation of artwork 31(a) 347 - 347 - 347 347 - 347<br />
Revaluation of library collection 31(a) - - - - - - - -<br />
Gain on available-for-sale financial assets 31(a) (3,594) - (3,594) - (3,594) (3,571) - (3,571)<br />
Balance at 31 December 2011 77,573 207,196 284,769 - 284,769 77,875 202,527 280,402<br />
Balance at 1 January 2012 77,573 207,196 284,769 - 284,769 77,875 202,527 280,402<br />
Operating result from continuing operations after tax - (25,896) (25,896) (188) (26,084) - (24,636) (24,636)<br />
Retained surplus on acquisition of subsidiary - (166) (166) - (166)<br />
Other comprehensive income -<br />
Revaluation of land and buildings 31(a) 2,119 - 2,119 - 2,119 2,119 - 2,119<br />
Revaluation of infrastructure 31(a) 71 - 71 - 71 71 - 71<br />
Revaluation of artwork 31(a) (77) - (77) - (77) (77) - (77)<br />
Revaluation of library collection 31(a) 1,167 - 1,167 - 1,167 1,167 - 1,167<br />
Gain on available-for-sale financial assets 31(a) 3,589 - 3,589 - 3,589 3,219 - 3,219<br />
Foreign currency translation 31(a) 17 - 17 17 34 - - -<br />
Non-controlling interest in issued capital - - - 394 394<br />
Movement for the perid 6,886 (26,062) (19,176) 223 (18,953) 6,499 (24,636) (18,137)<br />
Balance at 31 December 2012 84,459 181,134 265,593 223 265,816 84,374 177,891 262,265<br />
The above Statements of Changes in Equity should be read in conjunction with the accompanying notes.<br />
ANNUAL FINANCIAL STATEMENTS
10<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Statements of Cash Flows<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Cash flows from operating activities<br />
Australian Government Grants received 131,072 109,362 131,072 109,362<br />
HECS-HELP - Student payments 5,880 4,924 5,880 4,924<br />
OS-HELP (63) (5) (63) (5)<br />
Receipts from student fees and other customers 135,664 138,552 120,251 128,870<br />
Trust Distribution 9 705 9 1,506<br />
Dividends received - - - 219<br />
Interest received 1,738 3,673 1,169 2,932<br />
Payments to suppliers and employees (inclusive of goods<br />
and services tax) (287,132) (266,204) (265,991) (257,453)<br />
Interest and other costs of finance paid (25) (25) (25) (25)<br />
Income taxes paid (378) (430) - -<br />
Net cash provided by/(used in) operating activities 40 (13,235) (9,447) (7,698) (9,670)<br />
Cash flows from investing activities<br />
Proceeds from sale of property, plant and equipment 304 471 292 457<br />
Proceeds from sale of investment property - 7,623 - 7,623<br />
Proceeds from sale of financial assets 1,728 - 1,728 -<br />
Proceeds from drawdown of financial assets 7,800 - 7,800 -<br />
Proceeds from non-controlling interest 394 - - -<br />
Payments for financial assets - - (905) -<br />
Payments for property, plant and equipment (20,369) (31,485) (19,923) (32,381)<br />
Payments for Intangibles (2,661) (2,101) (2,638) (2,097)<br />
Net cash provided by/(used in) investing activities (12,804) (25,491) (13,646) (26,398)<br />
Net increase (decrease) in cash and cash equivalents (26,039) (34,939) (21,344) (36,068)<br />
Cash and cash equivalents at the beginning of the financial<br />
year 44,286 79,225 29,511 65,579<br />
Effects of exchange rate changes on cash and cash equivalents 3 - 3 -<br />
Cash and cash equivalents at the end of the financial year 17 18,250 44,286 8,170 29,511<br />
The above Statements of Cash Flows should be read in conjunction with the accompanying notes.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Objectives and principal activities<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
The principal activities of the consolidated entity are listed in the Council Members <strong>Report</strong>.<br />
Note 1: Summary of significant accounting policies<br />
The principal accounting policies adopted in the preparation of the financial report are set out below. These policies have been<br />
consistently applied to all the years presented, unless otherwise stated.<br />
The Chancellor by signature has approved the release of the financial statements as at the date of signature.<br />
(a)<br />
Basis of preparation<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> is a statutory body established under the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Act 1998, and<br />
domiciled in Australia. The financial report includes separate financial statements for <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> as an<br />
individual entity and the consolidated entity consisting of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> and the entities it controls.<br />
11<br />
ANNUAL FINANCIAL STATEMENTS<br />
The annual financial statements represent the audited general purpose financial statements of <strong>Central</strong> <strong>Queensland</strong><br />
<strong>University</strong>. They have been prepared on an accrual basis and comply with the Australian Accounting Standards.<br />
Additionally the statements have been prepared in accordance with the following statutory requirements:<br />
Higher Education Support Act 2003 (Financial Statement Guidelines)<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Act 1998<br />
Financial and Performance Management Standard 2009 made under the Financial Accountability Act 2009<br />
With respect to compliance with Australian Accounting Standards and Interpretations, <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> has<br />
applied those requirements applicable to not-for-profit entities, as the <strong>University</strong> is a not-for-profit entity.<br />
Basis of measurement<br />
These financial statements have been prepared under the historical cost convention, except for available-for-sale financial<br />
assets, land, buildings and infrastructure, artworks, heritage collection and investment property.<br />
Critical accounting estimates<br />
The preparation of financial statements in conformity with Australian Accounting Standards requires the use of certain<br />
critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Group’s<br />
accounting policies. Estimates and judgments are continually evaluated and are based on historical experience and other<br />
factors, including expectations of future events that are believed to be reasonable under the circumstances.<br />
Estimates and assumptions that have a potential significant effect are outlined in the following financial statement notes:<br />
Available for sale financial assets – Note 21<br />
Property, plant and equipment – Note 25<br />
Deferred tax assets and liabilities – Note 27<br />
Provisions – Note 29<br />
Contingencies – Note 34<br />
Retrospective restatement<br />
The group has made a retrospective restatement to the prior period to recognise internally generated software. As this<br />
change effected the 2011 financial year only no column for the 2010 financial year has been provided. The effect of this<br />
restatement is set out in the table below:<br />
Note 2011 Unadjusted Adjustment 2011 Adjusted<br />
$’000 $’000 $’000<br />
Income Statements<br />
Employee related expenses 10 146,448 (651) 145,797<br />
Depreciation 11 12,990 138 13,038<br />
Management and other fees 13 15,122 (305) 14,817<br />
Travel 7,775 (3) 7,772<br />
Statements of Financial<br />
Position<br />
Intangible assets 26 5,325 820 6,145<br />
Equity<br />
Retained surplus 31(b) 206,376 820 207,196
12<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
(b)<br />
Principles of Consolidation<br />
(i) Subsidiaries<br />
The consolidated financial statements incorporate the assets and liabilities of all subsidiaries of <strong>Central</strong> <strong>Queensland</strong><br />
<strong>University</strong> (“parent entity”) as at 31 December 2012 and the results of all subsidiaries for the year then ended. <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> and its subsidiaries together are referred to in these financial statements as the Group or the<br />
consolidated entity.<br />
Subsidiaries are all those entities over which the Group has the power to govern the financial and operating policies,<br />
generally accompanying a shareholding of more than one-half of the voting rights. The existence and effect of potential<br />
voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls<br />
another entity.<br />
Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-consolidated<br />
from the date that control ceases.<br />
The acquisition method of accounting is used to account for the acquisition of subsidiaries by the Group.<br />
Intercompany transactions, balances and unrealised gains on transactions between group companies are eliminated.<br />
Unrealised losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred.<br />
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted<br />
by the Group.<br />
(ii) Associates<br />
Associates are all entities over which the Group has significant influence but not control, generally accompanying a<br />
shareholding of between 20% and 50% of the voting rights. Investments in associates are accounted for in the parent<br />
entity financial statements using the cost method and in the consolidated financial statements using the equity method of<br />
accounting, after initially being recognised at cost.<br />
The Group’s share of its associates’ post-acquisition profits or losses is recognised in the income statement, and its share<br />
of post-acquisition movements in reserves is recognised in reserves. The cumulative post-acquisition movements are<br />
adjusted against the carrying amount of the investment. Dividends receivable from associates are recognised in the parent<br />
entity’s income statement, while in the consolidated financial statements they reduce the carrying amount of the<br />
investment.<br />
When the Group’s share of losses in an associate equals or exceeds its interest in the associate, including any other<br />
unsecured receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments<br />
on behalf of the associate.<br />
(iii) Business combinations<br />
The acquisition method shall be applied to account for each business combination, this does not include a combination of<br />
entities or businesses under common control, the formation of a joint venture, or the acquisition of an asset or a group of<br />
assets. The acquisition method requires identification of the acquirer, determining the acquisition date and recognising and<br />
measuring the identifiable assets acquired, liabilities assumed, goodwill gained, a gain from a bargain purchase and any<br />
non-controlling interest in the acquiree that are present ownership interests and entitle their holders to a proportionate<br />
share of the entity’s net assets in the event of liquidation. Identifiable assets acquired, liabilities assumed and any noncontrolling<br />
interest in the acquiree shall be recognised separately from goodwill as of the acquisition date. Intangible<br />
assets acquired in a business combination are recognised separately from goodwill if they are separable, but only together<br />
with a related contract, identifiable asset or liability. Acquisition related costs are expensed in the periods in which they are<br />
incurred with the exception of costs to issue debt or equity securities, which are recognised in accordance with AASB132<br />
and AASB139.<br />
Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured<br />
initially at their fair values at the acquisition date. Measurement of any non-controlling interest in the acquiree is at fair<br />
value or the present ownership instruments’ proportionate share in the recognised amounts of the acquiree’s identifiable<br />
net assets. All other components of non-controlling interests shall be measured at their acquisition date fair values, unless<br />
another measurement basis is required by Australian Accounting Standards. Contingent liabilities assumed are recognised<br />
as part of the acquisition if there is a present obligation arising from past events and the fair value can be reliably<br />
measured. The excess at the acquisition date of the aggregate of the consideration transferred, the amount of any noncontrolling<br />
interest and any previously held equity interest in the acquiree, over the net amounts of identifiable assets<br />
acquired and liabilities assumed is recognised as goodwill (refer to note 1(o)). If the cost of acquisition is less than the fair<br />
value of the identifiable net assets of the subsidiary acquired, the difference is recognised directly in the income statement<br />
of the acquirer, but only after a reassessment of the identification and measurement of the net assets acquired.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
(c)<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consideration transferred in a business combination shall be measured at fair value. Where the business combination is<br />
achieved in stages, the acquirer shall re-measure previously held equity interest in the acquiree at its acquisition date fair<br />
value and recognise the resulting gain or loss in profit or loss.<br />
Where a business combination is achieved in stages, previously held equity interests in the acquiree are re-measured to<br />
fair value at the acquisition date and any resulting gain or loss is recognised in profit or loss.<br />
Foreign currency translation<br />
(i) Functional and presentation currency<br />
Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary<br />
economic environment in which the entity operates (“the functional currency”). The consolidated financial statements are<br />
presented in Australian dollars, which is <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong>’s functional currency.<br />
(ii) Transactions and balances<br />
Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of<br />
the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the<br />
translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised<br />
in the income statement.<br />
Translation differences on non-monetary financial assets and liabilities are reported as part of the fair value gain or loss.<br />
Translation differences on non-monetary financial assets and liabilities, such as equities held at fair value through profit<br />
and loss, are recognised in profit or loss as part of the fair values gain or loss. Translation differences on non-monetary<br />
financial assets are included in the foreign currency revaluation reserve in equity.<br />
(iii) Group companies<br />
The results and financial position of all the Group entities (none of which has the currency of a hyperinflationary economy)<br />
that have a functional currency different from the presentation currency are translated into the presentation currency as<br />
follows:<br />
13<br />
ANNUAL FINANCIAL STATEMENTS<br />
<br />
<br />
<br />
assets and liabilities for each statement of financial position presented are translated at the closing rate at the<br />
date of that statement of financial position;<br />
income and expenses for each income statement are translated at average exchange rates (unless this is not a<br />
reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case<br />
income and expenses are translated at the dates of the transactions); and<br />
all resulting exchange differences are recognised as a separate component of equity.<br />
(d)<br />
Revenue recognition<br />
Revenue is measured at the fair value of the consideration received or receivable. Amounts disclosed as revenue are net<br />
of refunds, trade allowances and duties and taxes paid. Revenue is recognised for the major business activities as follows:<br />
(i) Government grants<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> treats operating grants received from Australian government entities as income in the year<br />
of receipt. A provision is recognised where there is an obligation that the <strong>University</strong> will be required to return the funds to<br />
the government in a future period.<br />
(ii) Investment income<br />
Investment Income is recognised as it accrues based on the interest rate applicable to the asset and distributions received.<br />
(iii) Fees and charges<br />
Fees and charges are recognised as income in the year of receipt, except to the extent that fees and charges relate to<br />
courses to be held in future periods. Such receipts (or portion thereof) are treated as income in advance in liabilities.<br />
Conversely, fees and charges relating to debtors are recognised as revenue in the year to which the prescribed course<br />
relates.<br />
(iv) Sale of goods<br />
Sale of goods is recognised upon delivery of goods to the customer.
14<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
(v) Consultancy and contract revenue<br />
Consultancy and contract revenue is recognised upon the delivery of the service to the customer.<br />
(vi) Revenue received prior to delivery<br />
Revenue received prior to the delivery of goods to the customer or delivery of the service to the customer is recognised as<br />
a liability.<br />
(vii) Lease income<br />
Lease income from operating leases is recognised in income on a straight-line basis over the lease term.<br />
(e)<br />
Income tax<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> is exempt from income tax by virtue of Section 50-5 of the Income Tax Assessment Act of<br />
1997.<br />
The <strong>University</strong>’s controlled entities, CQU Travel Centre Pty Ltd, Australian International Campuses Pty Ltd, C Management<br />
Services Pty Ltd, and Health Train Education Services Pty Ltd are subject to income tax and these companies adopt the<br />
“balance sheet” approach under AASB 112 Income Taxes.<br />
CQU Institute of Higher Learning Pte Ltd is subject to income tax and complies with Singapore Financial <strong>Report</strong>ing<br />
Standards FRS 12 Income Taxes.<br />
The income tax expense or revenue for the period is the tax payable on the current period’s taxable income based on the<br />
national income tax rate adjusted by changes in deferred tax assets and liabilities attributable to temporary differences<br />
between the tax bases of assets and liabilities and their carrying amounts in the financial statements, and to unused tax<br />
losses.<br />
Deferred tax assets and liabilities are recognised for temporary differences at the tax rates expected to apply when the<br />
assets are recovered or liabilities are settled. The relevant tax rates are applied to the cumulative amounts of deductible<br />
and taxable temporary differences to measure the deferred tax asset or liability.<br />
Deferred tax assets are recognised for deductible temporary differences and unused tax losses only if it is probable that<br />
future taxable amounts will be available to utilise those temporary differences and losses.<br />
(f)<br />
Leases<br />
Leases of property, plant and equipment where the Group, as lessee, has substantially all the risks and rewards of<br />
ownership are classified as finance leases. Finance leases are capitalised at the lease’s inception at the lower of the fair<br />
value of the leased property and the present value of the minimum lease payments. The corresponding rental obligations,<br />
net of finance charges, are included in other long term payables. Each lease payment is allocated between the liability and<br />
finance charges so as to achieve a constant rate on the finance balance outstanding. The interest element of the finance<br />
cost is charged to the income statement over the lease period so as to produce a constant periodic rate of interest on the<br />
remaining balance of the liability for each period. There are no financial leases as at 31 December 2012.<br />
Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as<br />
operating leases (Note 35). Payments made under operating leases (net of any incentives received from the lessor) are<br />
charged to the income statement on a straight-line basis over the period of the lease.<br />
Operating lease payments are representative of the pattern of benefits derived from the leased assets and are expensed in<br />
the periods in which they are incurred.<br />
Incentives received on entering into operating leases are recognised as liabilities. Lease payments are allocated between<br />
rental expense and reduction of the liability.<br />
(g)<br />
Acquisition of assets<br />
The acquisition method of accounting is used for all acquisitions of assets regardless of whether equity instruments or<br />
other assets are acquired. Cost is measured as the fair value of the assets given or liabilities incurred or assumed at the<br />
date of exchange plus incidental costs directly attributable to the acquisition.<br />
Costs incurred on assets subsequent to initial acquisition are capitalised when it is probable that future economic benefits<br />
in excess of the originally assessed performance of the asset will flow to the consolidated entity in future years, otherwise,<br />
the costs are expensed as incurred.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Acquisition of assets with a cost or other value equal to or in excess of the following thresholds are recognised for financial<br />
reporting purposes in the year of acquisition:<br />
Buildings $10,000<br />
Infrastructure $10,000<br />
Land $1<br />
Plant and equipment $5,000<br />
Shares $1<br />
Computer software $100,000<br />
Goodwill $1<br />
Other (including artworks and heritage) $1<br />
Where settlement of any part of cash consideration is deferred, the amounts payable in the future are discounted to their<br />
present value as at the date of exchange. The discount rate used is the entity’s incremental borrowing rate, being the rate<br />
at which a similar borrowing could be obtained from an independent financier under comparable terms and conditions.<br />
15<br />
ANNUAL FINANCIAL STATEMENTS<br />
(h)<br />
Impairment of assets<br />
The carrying amounts of the consolidated entity’s assets, other than inventories and deferred tax assets are assessed on<br />
an annual basis to determine whether there is any indication of impairment. If any such indication exists, the asset’s<br />
recoverable amount is estimated.<br />
Goodwill and intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for<br />
impairment or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are<br />
reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be<br />
recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its<br />
recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and value in use. For<br />
the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable<br />
cash flows which are largely independent of the cash inflows from other assets or groups of assets (cash generating units).<br />
Non-financial assets other than goodwill that suffered impairment are reviewed for possible reversal of the impairment at<br />
each reporting date.<br />
(i)<br />
Cash and cash equivalents<br />
Cash and cash equivalents include cash on hand, deposits held at call with financial institutions, other short-term, highly<br />
liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and<br />
which are subject to an insignificant risk of changes in value.<br />
(j)<br />
Receivables<br />
Commercial and general debtors are recognised at cost less impairment losses and are generally due for settlement<br />
within 14 days.<br />
Student debtors are recognised at cost and are due within 14 days of invoice.<br />
Collectability of trade receivables are reviewed on an on-going basis. An allowance for impaired receivables is established<br />
when there is objective evidence that the Group may not be able to collect certain debts. Debts which are known to be<br />
uncollectible, when formally approved for write off, are written off against the allowance for impaired receivables to the<br />
extent that the expense has previously been provided for. Receivables expected to be received in the next 12 months are<br />
classified as current.<br />
(k)<br />
Inventories<br />
Inventories are stated at the lower of cost or net realisable value which is the estimated selling price in the ordinary course<br />
of business less the estimated costs of completion and the estimated costs necessary to make the sale.<br />
The cost of inventories comprises all costs of purchases and other costs of bringing the inventories to their present location<br />
and condition. Bookshop inventory cost is determined using the weighted average cost method.<br />
Obsolete, redundant and slow moving inventories are identified and written down to their estimated current replacement<br />
cost.
16<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
(l)<br />
Investments and other financial assets<br />
The Group classifies its investments in the following categories: financial assets at fair value through profit or loss, loans<br />
and receivables, held-to-maturity investments, and available-for-sale financial assets. The classification depends on the<br />
purpose for which the investments were acquired. Management determines the classification of its investments at initial<br />
recognition and, in the case of assets classifed as held-to-maturity, re-evaluates this designation at each reporting date.<br />
(i) Financial assets at fair value through profit or loss<br />
Financial assets at fair value through profit or loss include financial assets held for trading. A financial asset is classified in<br />
this category if it is acquired principally for the purpose of selling in the short term. Assets in this category are classified as<br />
current assets. There are no financial assets categorised as ‘financial assets at fair value through profit or loss’ as at 31<br />
December 2012.<br />
(ii) Loans and receivables<br />
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an<br />
active market. They are included in current assets, except for those with maturities greater than 12 months after reporting<br />
date which are classified as non-current assets. Loans and receivables are included in receivables in the statement of<br />
financial position.<br />
(iii) Held-to-maturity investments<br />
Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturities<br />
that the Group’s management has the positive intention and ability to hold to maturity.<br />
(iv) Available-for-sale financial assets<br />
Available-for-sale financial assets, comprising principally marketable equity securities, are non-derivatives that are either<br />
designated in this category or not classified in any of the other categories. They are included in non-current assets apart<br />
from those which are available to be sold at short notice in an active market.<br />
Purchases and sales of financial assets are recognised on trade-date – the date on which the Group commits to purchase<br />
or sell the asset. Investments are initially recognised at fair value plus transaction costs for all financial assets not carried at<br />
fair value through profit or loss. Financial assets carried at fair value through profit or loss, are initially recognised at fair<br />
value and transaction costs are expensed in other comprehensive income. Subsequent to initial recognition, they are<br />
measured at fair value and changes therein, other than impairment losses are recognised in other comprehensive income<br />
and presented in reserves in equity. Financial assets are de-recognised when the rights to receive cash flows from the<br />
financial assets have expired or have been transferred and the Group has transferred substantially all the risks and<br />
rewards of ownership.<br />
When securities classified as available-for-sale are sold, the accumulated fair value adjustments recognised in other<br />
comprehensive income are included in the income statement as gains and losses from investment securities.<br />
Subsequent measurement<br />
Available-for-sale financial assets and financial assets at fair value through profit or loss are subsequently carried at fair<br />
value. Loans and receivables and held-to-maturity investments are carried at amortised cost using the effective interest<br />
method.<br />
Impairment<br />
The Group assesses annually whether there is objective evidence that a financial asset or a group of financial assets are<br />
impaired. If any such evidence exists an impairment loss is recognised in the income statement.<br />
(m)<br />
Investment properties<br />
Investment properties exclude properties held to meet service delivery objectives of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> and are<br />
held to earn rental income and/or for capital appreciation.<br />
Investment properties are initially recognised at cost. Costs incurred subsequent to initial acquisition are capitalised when it<br />
is probable that future economic benefits in excess of the originally assessed performance of the asset will flow to <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong>. Where an investment property is acquired at no cost or for nominal consideration, its estimated<br />
value shall be deemed to be its fair value, as at the date of acquisition.<br />
Subsequent to initial recognition at cost, investment property is carried at fair value, which is based on active market prices,<br />
adjusted, if necessary, for any difference in the nature, location or condition of the specific asset. If this information is not<br />
available, the Group uses alternative valuation methods such as recent prices in less active markets or discounted cash<br />
flow projections. These valuations are reviewed annually by a Registered Valuer. Changes in fair values are recorded in<br />
the income statement.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
(n)<br />
(o)<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Rental revenue from the leasing of investment properties is recognised in the income statement in the periods in which it is<br />
receivable, as this represents the pattern of service rendered through the provision of the properties.<br />
Property, plant and equipment<br />
Land and buildings (except for investment properties – refer to note 1(m) above), infrastructure, library heritage and art<br />
collections are shown at fair value, based on periodic, but at least triennial, valuations by external independent valuers less<br />
subsequent depreciation for buildings and infrastructure. During intervening years a management assessment of fair value<br />
using indices supplied by external valuers which are specifically tailored assessments of market trends occurring at the<br />
time. Buildings, infrastructure and land indices and assessment were supplied by G Pyman (FAPI, MRICS) Registered<br />
Valuer No. 1856; B MacAulay (AVAA No. 336) provided a specific assessment for Artworks. The <strong>University</strong> Heritage<br />
Collection was independently revalued during 2012 by J Harbeck, an Australian Government Cultural Gifts Program<br />
Valuer.<br />
Any accumulated depreciation at the date of revaluation is restated proportionately with the change in the gross carrying<br />
amount of the asset so that the carrying amount of the asset after valuation equals its revalued amount. All other property,<br />
plant and equipment are stated at historical cost less depreciation. Historical cost includes expenditure that is directly<br />
attributable to the acquisition of the items.<br />
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only<br />
when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item<br />
can be measured reliably. All other repairs and maintenance expenses are charged to the income statement during the<br />
financial period in which they are incurred.<br />
Increases in the carrying amounts arising on revaluation of land, buildings, infrastructure, library heritage and art collections<br />
are credited to reserves in equity. To the extent that the increase reverses a decrease for that class previously recognised<br />
in profit or loss, the increase is first recognised in profit and loss. Decreases that reverse previous increases of the same<br />
asset class are first charged against revaluation reserves directly in equity of the remaining reserve attributable to the asset<br />
class; all other decreases are charged to the income statement.<br />
Asset classes land, library heritage and art collections are not depreciated. Depreciation on other assets is calculated<br />
using the straight-line method to allocate their cost or revalued amounts, net of their residual values, over their remaining<br />
useful lives as follows:<br />
freehold buildings 2 to 59 years<br />
infrastructure 2 to 39 years<br />
leasehold improvements 1 to 16 years<br />
plant and equipment 4 to 25 years<br />
The assets’ residual values and useful lives are reviewed annually, and adjusted if appropriate.<br />
An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater<br />
than its estimated recoverable amount. Gains and losses on disposal are determined by comparing proceeds with carrying<br />
amount. These are included in the income statement. Where revalued assets are sold, it is Group policy to transfer the<br />
amounts included in other reserves in respect of those assets to retained earnings.<br />
Intangible assets<br />
Intangible assets with a cost or other value equal to or greater than $100,000 are recognised in the financial statements,<br />
items with a lesser value being expensed. Each intangible asset is amortised over its estimated useful life to the Group,<br />
less any anticipated residual value. The residual value is zero for all the Group’s intangible assets.<br />
It has been determined that there is no active market for any of the Group’s intangible assets. As such, the assets are<br />
recognised and carried at cost less accumulated amortisation and accumulated impairment losses.<br />
No intangible assets have been classified as held for sale or form part of the disposal group held for sale.<br />
Purchased software<br />
Software development costs in excess of $100,000 are recognised as an asset on acquisition only when the consolidated<br />
entity controls future economic benefits as a result of the costs incurred that are probable and can be measured reliably.<br />
Costs attributable to feasibility assessments are expensed as incurred. The costs capitalised include the cost of materials,<br />
direct labour, directly attributable overheads and other incidental costs incurred. The purchase cost of this software is being<br />
amortised on a straight-line basis over the period of the expected benefit to the university, namely 3 to 5 years.<br />
17<br />
ANNUAL FINANCIAL STATEMENTS
18<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Internally generated software<br />
Expenditure on research activities relating to internally generated intangible assets is recognised as an expense in the<br />
period in which it is incurred. Costs associated with the development of computer software have been capitalised and are<br />
amortised on a straight-line basis over the period of expected benefit to the university, namely 3 to 5 years.<br />
Goodwill<br />
Goodwill is initially recorded at the amount by which the purchase price for a business combination exceeds the fair value<br />
attributed to the interest in the net fair value of identifiable assets, liabilities and contingent liabilities at date of acquisition.<br />
Goodwill on acquisitions of subsidiaries is included in intangible assets. Changes in the ownership interests in a subsidiary<br />
are accounted for as equity transactions and do not affect the carrying amount of goodwill. Goodwill is tested annually for<br />
impairment and carried at cost less accumulated impairment losses. Gains and losses on disposal of an entity include the<br />
carrying amount of goodwill relating to the entity sold.<br />
(p)<br />
Trade and other payables<br />
These amounts represent liabilities for goods and services provided to the Group prior to the end of the financial year<br />
which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition.<br />
(q)<br />
Employee benefits<br />
(i) Wages, salaries and annual leave<br />
Wages, salaries and annual leave due but unpaid at reporting date are recognised in the Statement of Financial Position at<br />
the remuneration rates expected to apply at the time of settlement and include related on-costs.<br />
For unpaid benefits expected to be paid within twelve (12) months, the liabilities are recognised at their undiscounted<br />
values. For those benefits not expected to be paid within twelve (12) months, the liabilities are recognised at their present<br />
value, calculated using market yields at the reporting date on national government bonds with maturities matching the term<br />
to settlement. Regardless of the expected timing of settlements, provisions made in respect of employee benefits are<br />
classified as a current liability, unless there is an unconditional right to defer the settlement of the liability for at least 12<br />
months after the reporting date, in which case it would be classified as a non-current liability.<br />
(ii) Sick leave<br />
No provision has been made for sick leave as all sick leave is non-vesting and the average sick leave taken in future years<br />
by employees is estimated to be less than the annual entitlement of sick leave.<br />
(iii) Long service leave<br />
The liability for long service leave is recognised in the provision for employee benefits and measured as the present value<br />
of expected future payments to be made in respect of services provided by employees up to the reporting date.<br />
Consideration is given to expected future wage and salary levels, experience of employee departures and periods of<br />
service. Expected future payments are discounted using market yields at the reporting date on national government bonds<br />
with terms to maturity that match, as closely as possible, the estimated future cash outflows.<br />
(iv) Time off in lieu<br />
Time off in lieu accrued is not recorded as a liability as it is considered immaterial and any payment of time in lieu is<br />
recognised as an expense.<br />
(v) Superannuation plans<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> contributes to UniSuper and QSuper under arrangements where employees are entitled to<br />
defined benefits and accumulated plan benefits on resignation, retirement, disability or death. Continuing employees may<br />
contribute to the relevant plan an amount of between 0% and 7% of their wages and salaries. The <strong>University</strong> contributes to<br />
the plan at the applicable rate for each fund – ranging from 3% to a maximum of 17%. A minimum of 9% is paid on behalf<br />
of each eligible employee in accordance with the Superannuation Guarantee Administration Act 1992.<br />
The <strong>University</strong>’s share of the superannuation plans assets and accrued vested benefits are not recognised in the financial<br />
statements.<br />
The UniSuper Defined Benefit Division (DBD) which is the predominant plan within the <strong>University</strong>, is a defined benefit plan<br />
under superannuation law, however, as a result of amendments to Clause 34 of the UniSuper Trust Deed, it is deemed a<br />
defined contribution plan under Accounting Statdard AASB 119 Employee Benefits. The DBD receives fixed contributions<br />
from the consolidated entity and the consolidated entity’s legal or constructive obligation is limited to these contributions.<br />
Additionally any acturarial risk and investment risk falls on the consolidated entity’s employees.<br />
The <strong>University</strong> also contributes to QSuper (the Trustee for State Public Sector Superannualtion Scheme) in respect of<br />
certain employees, however the <strong>University</strong>’s obligation is considered immaterial.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
(r)<br />
(s)<br />
(t)<br />
(u)<br />
(v)<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
(vi) Executive remuneration<br />
Key executive management personnel and remuneration disclosures are made in accordance with Section 5 to the<br />
Financial <strong>Report</strong>ing Requirements for <strong>Queensland</strong> Government Agencies, issued by <strong>Queensland</strong> Treasury in conjunction<br />
with the requirements of the Financial Statement Guidelines for Australian Education Providers, issued by the Department<br />
of Industry, Innovation, Science, Research and Tertiary Education. Refer to Note 32 for the disclosures on key executive<br />
management personnel and remuneration.<br />
Provisions<br />
Provisions for grant recovery and lease make good are recognised when: the Group has a present obligation as a result of<br />
past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount can be<br />
reliably estimated. Provisions are not recognised for future operating losses.<br />
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the<br />
present obligation at the balance sheet date. The discount rate used to determine the present value reflects current market<br />
assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the<br />
passage of time is recognised as a finance cost.<br />
Financial instruments<br />
Recognition<br />
Financial assets and financial liabilities are recognised in the statement of financial position when the Group becomes party<br />
to the contractual provisions of the financial instrument.<br />
Classification<br />
Financial instruments are classified and measured as follows:<br />
cash and cash equivalents - held at fair value through profit or loss<br />
receivables – held at amortised cost<br />
available for sale financial assets – fair value and cost (Note 21)<br />
payables – held at amortised cost<br />
provisions – held at amortised cost<br />
The Group does not enter into transactions for speculative purposes, nor for hedging. Apart from cash and cash<br />
equivalents, the Group holds no financial assets classified at fair value through profit or loss.<br />
Council member benefits<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Council members do not receive any remuneration for attendance at council meetings or<br />
activities. Council members who are also employees of the <strong>University</strong> receive their normal remuneration while attending to<br />
council business. Council members who are also public service employees of other entities are remunerated by their<br />
employing entity in accordance with arrangements with that entity. The <strong>University</strong> accepts financial responsibility for travel<br />
costs related to university meetings and activities.<br />
Rounding and comparatives<br />
Amounts shown in these financial statements have been rounded to the nearest thousand dollars, or in certain cases, the<br />
nearest dollar. Comparative information has been restated where necessary to be consistent with disclosures in the current<br />
reporting period.<br />
Goods and services tax (GST)<br />
Revenues, expenses and assets are recognised net of the amount of associated GST, unless the amount of GST incurred<br />
is not recoverable from the Australian Taxation Office (ATO). In this case it is recognised as part of the cost of acquisition<br />
of an asset or as part of an item of expense.<br />
Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST<br />
recoverable from, or payable to, the ATO is included with receivables or payables in the statement of financial position.<br />
Cash flows are presented on a gross basis. The GST component of the cash flows arising from investing or financing<br />
activities, which are recoverable from or payable to the ATO, are presented as operating cash flows.<br />
19<br />
ANNUAL FINANCIAL STATEMENTS
20<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
(w)<br />
New standards and interpretations<br />
In the current year , the Group adopted all of the new and revised Standards and Interpretations issued by the Australian<br />
Accounting Standards Board (AASB) that are relevant to its operations and effective for the current reporting period. The<br />
adoption of the new and revised Standards and Interpretations has not resulted in any material changes to the Group’s<br />
accounting policies and has had a minimal impact on the Group’s financial statements as outlined below.<br />
As the Group held no collateral or other credit enhancements in respect of its financial instruments, and did not renegotiate<br />
the terms of any financial assets, during the reporting periods presented in these financial statements, there were no other<br />
changes required to the Group’s financial instruments note arising from the amendments to AASB 7 Financial Instruments:<br />
Disclosures.<br />
AASB 1054 Australian Additional Disclosures became effective from reporting periods beginning on or after 1 July 2011.<br />
Given the Group's previous disclosure practices, AASB 1054 had minimal impact on the Group. Note 33 regarding audit<br />
fees has been slightly amended to clarify the nature of the work performed by the auditor.<br />
AASB 2011-1 Amendments to Australian Accounting Standards arising from the Trans-Tasman Convergence Project also<br />
became effective from reporting periods beginning on or after 1 July 2011. The only implication for the Group from this<br />
amending standard was the deletion from AASB 101 Presentation of Financial Statements of the requirement for disclosure<br />
of contractual expenditure commitments. Group has elected to continue to disclose this information in aggregate in Note<br />
35.<br />
The following standards, amendments to standards and interpretations have been identified as those which may impact the<br />
entity in the period of initial application. They are available for early adoption at 31 December 2012, but have not been<br />
applied in preparing this financial report.<br />
This accounting standard is effective for reporting periods beginning on or after 1 January 2013 and is to be applied<br />
prospectively from that date. AASB 13 establishes a single source of guidance for fair value measurements. The standard<br />
does not include requirements on when fair value measurement is required but rather prescribes how fair value is to be<br />
measured and disclosed when it is required by another accounting standard. Many of these disclosures relate to the threelevel<br />
fair value hierarchy and are already required for financial instruments under AASB 7. However, AASB 13 extends<br />
these disclosures to cover all assets and liabilities within its scope. Potential impacts of AASB 13 relate to the fair value<br />
measurement methodologies used, and financial statement disclosure made in respect of such assets and liabilities.<br />
The <strong>University</strong> has commenced reviewing its fair value methodologies (including instructions to valuers, data used and<br />
assumptions made) for all items of property, plant and equipment measured at fair value to determine whether those<br />
methodologies comply with AASB 13. No significant changes are anticipated based on the fair value methodologies<br />
presently used. Therefore, at this stage, no consequential material impacts are expected for the university’s property, plant<br />
and equipment for year ended 31 December 2013.<br />
AASB 13 will require an increased amount of information to be disclosed in relation to fair value measurements for both<br />
assets and liabilities. To the extent that any fair value measurement for an asset or liability uses data that is not<br />
‘observable’ outside the Group, the amount of information to be disclosed will be relatively greater.<br />
AASB 9 Financial Instruments (December 2010) and AASB 2010-7 Amendments to Australian Accounting Standards<br />
arising from AASB 9 (December 2010) [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 120, 121, 127, 128, 131, 132, 136,<br />
137, 139, 1023 & 1038 and Interpretations 2, 5, 10, 12, 19 & 127] become effective from reporting periods beginning on or<br />
after 1 January 2015. The main impact of AASB 9 is to change the requirements for the classification, measurement and<br />
disclosures associated with financial assets. Under the new requirements, financial assets will be more simply classified<br />
according to whether they are measured at amortised cost or fair value. Pursuant to AASB 9, financial assets can only be<br />
measured at amortised cost if two conditions are met. One of these conditions is that the asset must be held within a<br />
business model whose objective is to hold assets in order to collect contractual cash flows. The other condition is that the<br />
contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and interest<br />
on the principal amount outstanding.<br />
The <strong>University</strong> has commenced reviewing the measurement of its financial assets against the new AASB 9 classification<br />
and measurement requirements. However, as the classification of financial assets at the date of initial application of AASB<br />
9 will depend on the facts and circumstances existing at that date, the <strong>University</strong>’s conclusions will not be confirmed until<br />
closer to that time.<br />
The following new and revised standards apply as from reporting periods beginning on or after 1 January 2013:<br />
<br />
<br />
AASB 10 Consolidated Financial Statements<br />
AASB 11 Joint Arrangements
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<br />
<br />
<br />
<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
AASB 12 Disclosure of Interests in Other Entities<br />
AASB 127 (revised) Separate Financial Statements<br />
AASB 128 (revised) Investments in Associates and Joint Ventures<br />
AASB 2011-7 Amendments to Australian Accounting Standards arising from the Consolidation and Joint<br />
Arrangements Standards [AASB 1, 2, 3, 5, 7, 9, 2009-11, 101, 107, 112, 118, 121, 124, 132, 133, 136, 138, 139,<br />
1023 & 1038 and Interpretations 5, 9, 16 & 17].<br />
These standards cannot be applied by not-for-profit entities prior to their effective date, as the AASB is presently<br />
considering modifying them for application by not-for-profit entities in an Australian context. Any such modifications are<br />
likely to clarify how the IASB’s principles should be applied by not-for-profit entities. Hence, the <strong>University</strong> is not yet in a<br />
position to reliably determine the future implications of these new and revised standards for the Group’s financial<br />
statements.<br />
21<br />
ANNUAL FINANCIAL STATEMENTS<br />
AASB 10 redefines and clarifies the concept of control of another entity, which is the basis for determining which entities<br />
should be consolidated into the <strong>University</strong>’s financial statements. Therefore subject to any not-for-profit modifications yet to<br />
be made to AASB 10, the <strong>University</strong> will need to re-assess the nature of its relationships with other entities, including<br />
entities that are not currently consolidated.<br />
AASB 11 deals with the concept of joint control, and sets out new principles for determining the type of joint arrangement<br />
that exists – which, in turn, dictates the accounting treatment. The new categories of joint arrangements under AASB 11<br />
are more aligned to the actual rights and obligations of the parties to the arrangement. Subject to any not-for-profit<br />
modifications yet to be made to AASB 11, the <strong>University</strong> will need to assess the nature of any arrangements with other<br />
entities to determine whether a joint arrangement exists in terms of AASB 11.<br />
AASB 12 contains a wide range of new disclosure requirements in respect of interests in other entities, whether those<br />
entities are controlled entities, associates, joint arrangements, or structured entities that are not consolidated. The volume<br />
and nature of disclosures that the <strong>University</strong> will be required to make for the 31 December 2013 financial statements will<br />
depend on the eventual assessment of the implications of the new and revised standards listed above, particularly AASB<br />
10, AASB 11 and AASB 128.<br />
A revised version of AASB 119 Employee Benefits applies from reporting periods beginning on or after 1 January 2013.<br />
The revised AASB 119 is generally to be applied retrospectively. Given the <strong>University</strong>’s circumstances, the only<br />
implications for the group are that the revised standard clarifies the concept of “termination benefits”, and the recognition<br />
criteria for liabilities for termination benefits will be different. If termination benefits meet the timeframe criterion for “shortterm<br />
employee benefits”, they will be measured according to the AASB 119 requirements for “short-term employee<br />
benefits”. Otherwise, termination benefits will need to be measured according to the AASB 119 requirements for “other<br />
long-term employee benefits”. Under the revised standard, the recognition and measurement of employer obligations for<br />
“other long-term employee benefits” will need to be accounted for according to most of the requirements of the defined<br />
benefits plans.<br />
The revised AASB 119 includes changed requirements for the measurement of employer liabilities/assets arising from<br />
defined benefit plans, and the measurement and presentation of changes in such liabilities/assets. The <strong>University</strong><br />
contributions to QSuper defined benefit plan (which the obligations are considered immaterial), and the corresponding<br />
QSuper employer benefit obligation is held by the State. Therefore, those changes to AASB 119 will have no impact on the<br />
<strong>University</strong>.<br />
AASB 1053 Application of Tiers of Australian Accounting Standards applies as from reporting periods beginning on or after<br />
1 July 2013. AASB 1053 establishes a differential financial reporting framework for those entities that prepare general<br />
purpose financial statements, consisting of two tiers of reporting requirements – Australian Accounting Standards<br />
(commonly referred to as “tier 1”), and Australian Accounting Standards – Reduced Disclosure Requirements (commonly<br />
referred to as “tier 2”). Tier 1 requirements comprise the full range of AASB recognition, measurement, presentation and<br />
disclosure requirements that are currently applicable to reporting entities in Australia. The only difference between tier 1<br />
and tier 2 requirements is that tier 2 requires fewer disclosures than tier 1.<br />
Pursuant to AASB 1053, public sector entities like <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> may adopt tier 2 requirements for their<br />
general purpose financial statements. However, AASB 1053 acknowledges the power of a regulator to require application<br />
of the tier 1 requirements. In the case of the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong>, the Department of Industry, Innovation,<br />
Science, Research and Tertiary Education has advised that tier 2 reporting requirements are not to be adopted for the<br />
reporting period ending 31 December 2012.<br />
All other Accounting Standards and Interpretations with future commencement dates have been assessed and are not<br />
considered to impact the Group.
22<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 2.<br />
Disaggregated information<br />
Geographical [Consolidated Entity]<br />
<strong>University</strong> courses are delivered in Singapore through a partnering<br />
arrangement.<br />
Revenue<br />
Results before tax<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Australia 250,506 250,370 (25,207) (3,502)<br />
Overseas 803 775 (877) 224<br />
251,309 251,145 (26,084) (3,278)<br />
Assets<br />
Australia 341,267 358,342<br />
Overseas 451 -<br />
341,718 358,342<br />
Note 3. Australian Government financial assistance including HECS-HELP and FEE-HELP<br />
Consolidated<br />
Parent Entity<br />
2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
(a) Commonwealth Grants Scheme and Other Grants 42.1<br />
Commonwealth Grants Scheme 77,616 67,114 77,616 67,114<br />
Indigenous Support Program 814 814 814 814<br />
Partnership & Participation Program 1,899 2,762 1,899 2,762<br />
Disability Support Program 24 37 24 37<br />
Learning and Teaching Performance Fund 265 - 265 -<br />
Diversity and Structural Adjustment Fund - 686 - 686<br />
Transitional Cost Program 161 203 161 203<br />
Total Commonwealth Grants Scheme and Other Grants 80,779 71,616 80,779 71,616<br />
(b) Higher Education Loan Programs 42.2<br />
HECS - HELP 36,927 29,443 36,927 29,443<br />
FEE - HELP 2,686 2,008 2,686 2,008<br />
SA-HELP 1,318 - 1,318 -<br />
Total Higher Education Loan Programs 40,931 31,451 40,931 31,451<br />
(c) Scholarships 42.3<br />
Australian Postgraduate Awards 799 683 799 683<br />
International Postgraduate Research Scholarship 64 62 64 62<br />
Commonwealth Education Cost Scholarships 908 982 908 982<br />
Commonwealth Accommodation Scholarships 48 335 48 335<br />
Indigenous Access Scholarships 90 (54) 90 (54)<br />
Total Scholarships 1,909 2,008 1,909 2,008
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
(d) DIISRTE - Research 42.4<br />
Joint Research Engagement Program 1,284 1,291 1,284 1,291<br />
Research Training Scheme 2,209 2,240 2,209 2,240<br />
Research Infrastructure Block Grants 212 210 212 210<br />
Sustainable Research Excellence in Universities 323 237 323 237<br />
Total DIISRTE - Research Grants 4,028 3,978 4,028 3,978<br />
(e) Australian Research Council 42.7<br />
(i) Discovery<br />
Project 244 83 244 83<br />
Total Discovery 244 83 244 83<br />
23<br />
ANNUAL FINANCIAL STATEMENTS<br />
(ii) Linkages<br />
Projects 266 - 266 -<br />
Total Linkages 266 - 266 -<br />
Total ARC 510 83 510 83<br />
(f) Other Australian Government financial assistance<br />
Non-capital<br />
Health Workforce Australia 474 736 474 736<br />
Indigenous Tutorial Assistance Scheme 168 189 168 189<br />
Student services amenities fee 20 - 20 -<br />
Total 662 925 662 925<br />
Capital<br />
Health Workforce Australia 3,650 4,130 3,650 4,130<br />
Total 3,650 4,130 3,650 4,130<br />
Total Other Australian Government financial assistance 4,312 5,055 4,312 5,055<br />
Total Australian Government financial assistance 132,469 114,191 132,469 114,191<br />
Reconciliation<br />
Australian Government grants 91,538 82,740 91,538 82,740<br />
HECS-HELP payments 36,927 29,443 36,927 29,443<br />
FEE-HELP payments 2,686 2,008 2,686 2,008<br />
SA-HELP payments 1,318 - 1,318 -<br />
Total Australian Government financial assistance 132,469 114,191 132,469 114,191
24<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
(g) Australian Government Grants received - cash basis<br />
CGS and Other DIISRTE Grants 42.1 79,414 69,789 79,414 69,789<br />
Higher Education Loan Programs 42.2 40,898 30,031 40,898 30,031<br />
Scholarships 42.3 1,909 426 1,909 426<br />
DIISRTE Research 42.4 4,028 3,978 4,028 3,978<br />
ARC grants - Discovery 42.7(i) 244 83 244 83<br />
ARC grants - Linkages 42.7(ii) 266 - 266 -<br />
Other Australian Government Grants 4,313 5,055 4,313 5,055<br />
Total Australian Government Grants received - cash basis 131,072 109,362 131,072 109,362<br />
OS - Help (Net) 42.8 (63) (5) (63) (5)<br />
Total Australian Government funding received - cash basis 131,009 109,357 131,009 109,357<br />
Note 4. Fees and charges<br />
Course fees and charges<br />
Fee-paying overseas students 73,368 86,127 73,368 86,127<br />
Continuing education 798 213 399 213<br />
Fee-paying domestic postgraduate students 3,094 2,910 3,094 2,910<br />
Fee-paying domestic undergraduate students 11 88 11 88<br />
Fee-paying domestic non-award students 447 358 447 358<br />
Total course fees and charges 77,718 89,696 77,319 89,696<br />
Other non-course fees and charges<br />
Student services fees from students 1,006 - 1,006 -<br />
Amenities and service fees 1,324 1,619 1,233 1,552<br />
Examination fees 3 2 2 2<br />
Library fines 23 26 23 26<br />
Lease fees & rental charges 5,160 3,348 5,160 3,348<br />
Student accommodation 2,575 2,284 2,575 2,284<br />
Membership fees 198 185 198 185<br />
Management fee income 245 - 1,291 9,050<br />
Accounting fees & charges 457 603 457 603<br />
Conference fees 138 131 138 131<br />
Unclaimed student payments 470 517 470 517<br />
Other fees and charges 619 459 402 216<br />
Total other fees and charges 12,218 9,174 12,955 17,914<br />
Total fees and charges 89,938 98,870 90,274 107,610
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 5. Investment revenue and income<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Interest 1,735 3,667 1,171 2,927<br />
Rental 209 791 209 791<br />
Dividends - 197 - 217<br />
Trust distribution 1,797 3,747 1,797 4,747<br />
Total investment revenue 3,741 8,402 3,177 8,682<br />
Net investment income 3,741 8,402 3,177 8,682<br />
25<br />
ANNUAL FINANCIAL STATEMENTS<br />
Note 6. Consultancy and contracts<br />
Research<br />
Contracts 6,936 6,801 6,936 6,801<br />
6,936 6,801 6,936 6,801<br />
Other<br />
Consultancy 820 566 820 566<br />
820 566 820 566<br />
Total consultancy and contracts 7,756 7,367 7,756 7,367<br />
Note 7. Sale of books and related student material<br />
(a) Gross sales<br />
Bookshop 4,072 4,041 4,175 4,129<br />
CQU Press - 78 - 78<br />
Sports Centre - 1 - 1<br />
4,072 4,120 4,175 4,208<br />
(b) Cost of sales<br />
Bookshop 2,764 2,793 2,764 2,793<br />
CQU Press - 76 - 76<br />
Sports Centre - 1 - 1<br />
2,764 2,870 2,764 2,870<br />
Gross profit on sale of goods 1,308 1,250 1,411 1,338<br />
Note 8. Other revenue<br />
Other revenue<br />
Donations and bequests 866 146 866 146<br />
Scholarships and prizes 1,422 609 1,422 609<br />
Commission 291 390 28 10<br />
Sales 179 123 147 124<br />
Subsidies 960 464 960 464<br />
Materials Development 2 - 2 -<br />
Recouped Expenditure 414 869 422 875<br />
Other 130 94 129 94<br />
4,264 2,695 3,976 2,322
26<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Note 9. Gain on assets acquired at less than fair value<br />
Gain on assets acquired at less than fair value - 8,081 - 8,081<br />
During 2011 the Group acquired property at 5 Ibis Avenue, Rockhampton. This acquisition resulted from an ‘arms-length’ transaction. A<br />
subsequent valuation as at 31 October 2011 was performed by MD Sheehan (AAPI), Registered valuer No. 1011 which resulted in a gain<br />
on assets acquired at less than fair value.<br />
Note 10. Employee related expenses<br />
Academic<br />
Salaries 60,742 54,292 49,150 42,554<br />
Contribution to funded superannuation and pension schemes 8,199 7,412 7,548 6,752<br />
Payroll tax 3,330 2,913 2,901 2,499<br />
Worker's compensation 161 167 118 117<br />
Long service leave expense 1,286 1,398 1,174 1,224<br />
<strong>Annual</strong> leave 4,199 3,729 4,212 3,710<br />
Other 136 120 89 78<br />
Total academic 78,053 70,033 65,192 56,936<br />
Non-academic<br />
Salaries 64,395 57,680 49,080 44,254<br />
Contribution to funded superannuation and pension schemes 9,088 8,467 7,578 6,920<br />
Payroll tax 3,760 3,472 2,758 2,500<br />
Worker's compensation 211 244 124 129<br />
Long service leave expense 1,505 1,719 1,231 1,305<br />
<strong>Annual</strong> leave 4,454 3,983 4,468 3,933<br />
Other 166 201 109 132<br />
Total non-academic 83,579 75,764 65,348 59,172<br />
Total employee related expenses 161,632 145,797 130,540 116,108<br />
Included in salaries are redundancy payments in the amount of $4,773,045 (Parent entity); $2,185,494 (C Management Services Pty Ltd).<br />
The number of employees including full-time, part-time and casual,<br />
measured on a full-time equivalent basis is:<br />
Number of employees 1370 1379 1178 1151<br />
Note 11. Depreciation and amortisation<br />
Depreciation<br />
Buildings 5,693 4,624 5,693 4,625<br />
Infrastructure 605 607 605 607<br />
Leasehold improvements 1,398 1,653 1,392 1,653<br />
Motor vehicles 661 601 660 601<br />
Computing equipment 1,059 1,200 616 696<br />
Plant and equipment 1,662 1,268 1,456 1,084<br />
Total depreciation 11,078 9,953 10,422 9,266<br />
Amortisation<br />
Computer software 3,249 3,085 3,161 2,973<br />
Total amortisation 3,249 3,085 3,161 2,973<br />
Total depreciation and amortisation 14,327 13,038 13,583 12,239
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 12. Repairs and maintenance<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Buildings 1,492 1,609 1,391 1,508<br />
Cleaning 2,178 1,904 1,740 1,479<br />
Repairs and maintenance general 866 821 863 818<br />
IT maintenance 2,590 2,260 2,590 2,260<br />
Service contracts 350 157 350 145<br />
Other operating expenses 2,100 3,527 1,227 2,646<br />
Total repairs and maintenance 9,576 10,278 8,161 8,856<br />
Note 13. Management and other fees<br />
27<br />
ANNUAL FINANCIAL STATEMENTS<br />
Management fees 804 580 41,987 50,271<br />
Consultants fees 1,083 1,417 978 1,361<br />
Commission 4,056 4,873 167 169<br />
Copyright, royalties and patents 660 632 704 632<br />
Membership fees and subscriptions 1,208 1,078 1,196 1,074<br />
Student related fees 1,063 1,210 1,063 1,218<br />
Labour services fees 5,226 3,336 4,993 4,701<br />
Other fees 2,152 1,691 2,055 1,672<br />
Total management and other fees 16,252 14,817 53,143 61,098<br />
Note 14. Recovery of grants<br />
Australian government grants<br />
Commonwealth Grants Scheme 1,469 1,573 1,469 1,573<br />
HECS - HELP - Australian Government payments 1,954 271 1,954 271<br />
Scholarships - 596 - 596<br />
DIISRTE - Research - 22 - 22<br />
Health Workforce Australia 69 166 69 166<br />
Other 69 80 69 80<br />
Total recovery of grants 3,561 2,708 3,561 2,708<br />
Note 15. Other expenses<br />
Scholarships, grants and prizes 3,086 2,492 3,243 2,469<br />
Advertising, marketing and promotional expenses 7,740 6,527 5,524 4,804<br />
Audit fees, bank charges, legal costs, insurance and taxes 2,492 2,041 2,189 1,782<br />
Donations 53 59 53 59<br />
Changes in inventories of finished goods (327) 228 (327) 228<br />
Printing, stationery, postages and freight 1,665 1,794 1,360 1,385<br />
Rental, hire and other leasing fees 619 767 369 611<br />
Foreign exchange losses - 2 - 2<br />
Services and utility costs 4,374 3,476 3,997 3,104<br />
Waivers - student fees 3,961 3,180 3,961 3,180<br />
Publications expenses 707 957 696 957<br />
Special payments (ex gratia) 141 - 141 -<br />
Other expenses 1,144 1,419 651 797<br />
Total other expenses 25,655 22,942 21,857 19,378
28<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Note 16. Income tax expense<br />
Current tax 10 562 - -<br />
Deferred tax (386) (250) - -<br />
Under/(over) provided in prior years - - - -<br />
(376) 312 - -<br />
Income tax expense is attributable to:<br />
Operating result from continuing operations (376) 312 - -<br />
Operating result from discontinued operations - - - -<br />
Aggregate income tax expense (376) 312 - -<br />
Deferred income tax (revenue)/expense included in income<br />
tax expense comprises:<br />
Decrease/(increase) in deferred tax assets (304) (212) - -<br />
(Decrease)/increase in deferred tax liabilities (82) (38) - -<br />
(386) (250) - -<br />
(b) Numerical reconciliation of income tax expense to prima facie tax payable<br />
Operating result from continuing operations<br />
before income tax expense (1,384) 956 - -<br />
Tax at the Australian tax rate of 30% (2011: 30%) (415) 287 - -<br />
Tax effect of amounts which are not deductible/(taxable) in<br />
calculating taxable income:<br />
Sundry items 22 25 - -<br />
Income tax expense (393) 312 - -<br />
Under/(over) provided in prior years 17 - - -<br />
Income tax expense (376) 312 - -<br />
Note 17. Cash and cash equivalents<br />
Cash at bank and on hand 2,800 2,897 1,504 1,484<br />
Deposits at call 15,318 41,270 6,666 28,028<br />
Other - trust fund 132 119 - -<br />
Total cash and cash equivalents 18,250 44,286 8,170 29,512<br />
(a) Cash at bank and on hand<br />
Cash on hand - These are non-interest bearing.<br />
Cash at bank - These deposits are bearing weighted average interest rate 2.70% (2011: 3.6%).<br />
(b) Deposits at call<br />
The deposits are bearing floating interest rates between 3% and 4.73% (2011: 3.25% and 5.22%). These deposits are held in "on-call'<br />
accounts and available daily.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 18. Receivables<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Current<br />
Trade receivables<br />
Commercial and general debtors 4,462 5,504 3,830 5,821<br />
Student debtors 725 657 725 656<br />
Student loans 21 7 21 7<br />
Student board 20 10 20 10<br />
5,228 6,178 4,596 6,494<br />
Less: Impaired receivables - Student debtors (149) (112) (149) (112)<br />
Less: Impaired receivables - Commercial and general debtors (187) (193) (187) (193)<br />
4,892 5873000 4,260 6,189<br />
Other receivables<br />
Accrued revenue 12 15 7 7<br />
Prepayments 5,074 4,208 9,206 11,112<br />
(Net) GST 1,009 1,169 1,014 1,032<br />
Total current receivables 10,987 11,265 14,487 18,339<br />
29<br />
ANNUAL FINANCIAL STATEMENTS<br />
Total receivables 10,987 11,265 14,487 18,339<br />
Impaired receivables<br />
As at 31 December 2012 current receivables of the Group with a nominal value of $335,597 (2011: $305,200) were considered<br />
impaired and form the value of the allowance.<br />
Trade receivables with a value of $1,760,216 (2011: $1,987,505) for the Group and $1,714,462 (2011: $1,977,042) for the Parent<br />
Entity were past due but not impaired. These relate to a number of independent customers for whom there is no recent history of<br />
default. The ageing analysis of these receivables is as follows:<br />
Up to 3 months<br />
3 to 6 months<br />
Over 6 months<br />
Movements in the allowance for impaired receivables are as follows:<br />
At 1 January<br />
Allowance for impairment recognised during the year<br />
Receivables written off during the year as uncollectible<br />
Unused amount reversed<br />
1,167 1,820 1,162 1,809<br />
451 135 410 135<br />
142 33 142 33<br />
1,760 1,988 1,714 1,977<br />
305 180 305 180<br />
236 (17) 236 (17)<br />
(79) (64) (79) (64)<br />
(126) 206 (126) 206<br />
336 305 336 305<br />
The creation and release of the allowance for impaired receivables has been included in 'bad and doubtful debts' in the income<br />
statement. Amounts charged to the allowance account are generally written off when there is no expectation of recovering additional<br />
cash.<br />
The other amounts within receivables do not contain impaired assets and are not past due. Based on credit history, it is expected<br />
that these amounts will be received when due.
30<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Note 19. Inventories<br />
Current<br />
Merchandise<br />
Bookshop inventory held for distribution - at cost 2,208 1,890 2,208 1,890<br />
Total current inventories 2,208 1,890 2,208 1,890<br />
Total inventories 2,208 1,890 2,208 1,890<br />
Note 20. Income tax assets<br />
The income tax refundable of $472,803 (2011: $105,914) for the Group, $Nil (2011: $Nil) for the Parent Entity represents the amount<br />
of income tax refundable in respect of current periods net of payments of tax made to the relevant tax authority and accrual at end of<br />
year.<br />
Note 21. Available for sale financial assets<br />
Current<br />
QIC - Unit trust 30,886 35,500 30,886 35,500<br />
30,886 35,500 30,886 35,500<br />
Non-current<br />
Shares in Subsidiaries<br />
C Management Services Pty Ltd - - - -<br />
CQU Travel Centre Pty Ltd - - 411 402<br />
Australian International Campuses Pty Ltd - - - -<br />
Health Train Education Services Pty Ltd - - 304 -<br />
CQU Institute of Higher Learning Pte Ltd - - 222 -<br />
Mask-Ed International Pty Ltd - - - -<br />
Shares in Unlisted Companies<br />
Education Australia Ltd 1,565 1,337 1,565 1,337<br />
WaterEd Australia Pty Ltd 165 137 165 137<br />
Rail Innovation Australia Pty Ltd 82 78 82 78<br />
AARNet Pty Ltd 1 1 1 1<br />
Unisuper Management Pty Ltd - - -<br />
Total non-current other financial assets 1,813 1,553 2,750 1,955<br />
Total available for sale financial assets 32,699 37,053 33,636 37,455<br />
Changes in fair values of other financial assets are recorded in other comprehensive income.<br />
Investment Funds<br />
The investment funds in the unit trust with <strong>Queensland</strong> Investment Corporation (QIC) were established to provide the <strong>University</strong> with shortterm<br />
funding capabilities.<br />
Subsidiaries<br />
Details of subsidiaries are set out in Note 38. The Australian International Campuses Trust owns 100% of the shares in C Management<br />
Services Pty Ltd. The trust was established for the benefit of the <strong>University</strong>, being the sole unit holder. These shares are valued using<br />
the net asset method. This is a management valuation and there is no active market for these shares.<br />
CQU Travel Centre Pty Ltd is a licenced travel agency. The company is 100% owned by the <strong>University</strong>. These shares are valued using<br />
the net asset method. This is a management valuation and there is no active market for these shares.<br />
Health Train Education Services Pty Ltd was acquired by <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> on 1 June 2012 and is a fully owned subsidiary of<br />
the <strong>University</strong>. The university acquired the company in an active market. These shares are valued using the net asset value on a going<br />
concern method.<br />
CQU Institute of Higher Learning Pte Ltd was registered in Singapore on 9 March 2012 with 1,000,000 ordinary shares issued. <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> has a 51% shareholding. The company has traded during the 2012 year however operations are now on hold.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 21. Available for sale financial assets cont..<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Mask-Ed International Pty Ltd was established on 28 June 2011 and is a fully owned subsidiary of the Univesity with 100 ordinary shares<br />
issued to <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong>. The company has not traded to date.<br />
Unlisted Securities<br />
Education Australia Ltd is a company offering student placement and English language testing services. The <strong>University</strong> holds less than<br />
3% of the shareholding in Education Australia Ltd. The shares are valued using the net asset method. This is a management valuation<br />
and there is no active market for these shares.<br />
WaterEd Australia Pty Ltd is a company providing leadership and innovation in collaborative water resources management education and<br />
training. The <strong>University</strong> holds a 20% shareholding in WaterEd Australia Pty Ltd. The shares are valued using the net asset value on a<br />
going concern method. This is a management valuation and there is no active market for these shares.<br />
Rail Innovation Australia Pty Ltd is a company responsible for the establishment of the Cooperative Research Centre for Railway<br />
Engineering and Technologies. The <strong>University</strong> holds a 24% shareholding in Rail Innovation Australia Pty Ltd. The shares are valued<br />
using the net asset method. This is a management valuation and there is no active market for these shares.<br />
31<br />
ANNUAL FINANCIAL STATEMENTS<br />
AARNet Pty Ltd provides network connectivity for Australian Universities and the CSIRO. The <strong>University</strong> holds less than 3% of the<br />
shareholding in AARNet Pty Ltd. The shares are valued at cost and there is no active market for these shares.<br />
The <strong>University</strong> also has holdings with immaterial value. These holdings, valued at cost, carry minimal value due to there not being an<br />
active market to trade, or the shares are held as part of a membership. These holdings are with the unlisted entities, Australian<br />
International Campuses Pty Ltd and Unisuper Management Pty Ltd.<br />
Note 22. Other non-financial assets<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Current<br />
Imputation credits 61 8 61 8<br />
Other 180 191 180 191<br />
Total other non-financial assets 241 199 241 199<br />
Note 23. Investments accounted for using the equity method<br />
Investments in associates 177 236 - -<br />
Reconciliation<br />
Balance at 1 January 2012 236 195 - -<br />
Share of profit for the year (59) 41 - -<br />
Balance at 31 December 2012 177 236 - -<br />
Name of Entity Description<br />
Ownership interest<br />
Hortical Pty Ltd Company established to hold the licence to the<br />
50% 50%<br />
intellectual property rights in Non-invasive<br />
Sorting Technology and to develop and<br />
commercialise these activities.<br />
Summarised financial information in respect of associates is set out below.<br />
Financial Position<br />
Total assets 561 686 - -<br />
Total liabilities 208 214 - -<br />
Net assets 353 472 - -<br />
Share of associates' net assets 177 236 - -<br />
Financial Performance<br />
Total revenue 28 176 - -<br />
Profit/(loss) (119) 82 - -<br />
Share of associates' profit/(loss) (59) 41 - -
32<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Note 24. Investment properties<br />
At fair value<br />
Opening balance at 1 January 1,650 9,500 1,650 9,500<br />
Change in fair value - 350 - 350<br />
Disposals - (8,200) - (8,200)<br />
Closing balance at 31 December 1,650 1,650 1,650 1,650<br />
(a) Amounts recognised in profit and loss for investment properties<br />
Rental Income 141 712 141 712<br />
Direct operating expenses (rent generating properties) (3) (251) (3) (251)<br />
Total recognised in profit and loss 138 461 138 461<br />
(b) Valuation basis<br />
Investment property was last comprehensively revalued at fair value as at 31 October 2012 by M.D. Sheehan, Registered<br />
Valuer (No. 1011). The valuation was based on publicly available data on recent rentals and sales of similar buildings in<br />
nearby localities. Such valuations were also influenced by details supplied by the <strong>University</strong> in respect of the age, internal<br />
features/design and physical condition of each building.<br />
(c) Leasing arrangements<br />
Investment properties consist of one property that is leased to third parties under individually negotiated lease terms.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
33<br />
Note 25. Property, plant and equipment<br />
Construction<br />
in progress Freehold land<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Freehold<br />
buildings<br />
Plant and<br />
equipment<br />
Leasehold<br />
improvements<br />
Other work in<br />
progress<br />
Library &<br />
collections Infrastructure Total<br />
Consolidated $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
At 1 January 2011<br />
- Cost 7,994 - - 32,426 10,345 3,407 - - 54,172<br />
- Valuation - 39,115 179,562 - - - 1,536 14,717 234,930<br />
Accumulated depreciation - - (28,291) (25,252) (7,554) - - (6,715) (67,811)<br />
Net book amount 7,994 39,115 151,271 7,174 2,792 3,407 1,536 8,002 221,291<br />
Year ended 31 December 2011<br />
Opening net book amount 7,994 39,115 151,271 7,174 2,792 3,407 1,536 8,002 221,291<br />
Adjustment relating to prior period - - (402) 39 - - (8) 401 30<br />
Revaluation surplus/(deficit) - 596 1,583 - - - 339 61 2,579<br />
Additions 15,069 4,300 9,550 3,652 207 7,288 18 363 40,447<br />
Disposals - - - (401) - - (7) - (408)<br />
Depreciation charge - - (4,624) (3,069) (1,653) - - (607) (9,953)<br />
Capitalisation (19,317) - 19,101 2,240 6,093 (8,333) - 216 -<br />
Closing net book amount 3,746 44,011 176,479 9,635 7,439 2,362 1,878 8,436 253,986<br />
At 31 December 2011<br />
- Cost 3,746 - - 35,752 16,645 2,362 - - 58,505<br />
- Valuation ¹<br />
- 44,011 209,553 - - - 1,878 15,955 271,397<br />
Accumulated depreciation - - (33,074) (26,117) (9,206) - - (7,519) (75,916)<br />
Net book amount 3,746 44,011 176,479 9,635 7,439 2,362 1,878 8,436 253,986<br />
Year ended 31 December 2012<br />
Opening net book amount 3,746 44,011 176,479 9,635 7,439 2,362 1,878 8,436 253,986<br />
Adjustment relating to prior period - - - - - - - - -<br />
Revaluation surplus/(deficit) - 401 1,719 - - - 1,090 71 3,281<br />
Additions 11,520 - - 4,605 1,243 4,254 96 - 21,718<br />
Disposals - - - (335) - - (10) - (345)<br />
Depreciation charge - - (5,693) (3,382) (1,397) - - (605) (11,077)<br />
Capitalisation (12,067) - 11,376 1,316 4,389 (5,178) - 164 -<br />
Closing net book amount 3,199 44,412 183,881 11,839 11,674 1,438 3,054 8,066 267,563<br />
At 31 December 2012<br />
- Cost<br />
3,199 - - 38,934 22,261 1,438 - - 65,832<br />
- Valuation ¹<br />
- 44,412 223,013 - - - 3,054 16,281 286,760<br />
Accumulated depreciation - - (39,132) (27,095) (10,587) - - (8,215) (85,029)<br />
Net book amount 3,199 44,412 183,881 11,839 11,674 1,438 3,054 8,066 267,563<br />
ANNUAL FINANCIAL STATEMENTS
34<br />
Note 25. Property, plant and equipment (continued)<br />
Construction<br />
in progress<br />
Freehold land<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Freehold<br />
buildings<br />
Plant and<br />
equipment<br />
Leasehold<br />
improvements<br />
Other work in<br />
progress<br />
Library &<br />
collections<br />
Infrastructure Total<br />
Parent entity $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
At 1 January 2011<br />
- Cost 7,994 - - 27,727 10,346 3,407 - - 49,474<br />
- Valuation - 39,115 179,562 - - - 1,536 14,713 234,926<br />
Accumulated depreciation - - (28,291) (21,891) (7,554) - - (6,711) (64,447)<br />
Net book amount 7,994 39,115 151,271 5,836 2,792 3,407 1,536 8,002 219,953<br />
Year ended 31 December 2011<br />
Opening net book amount 7,994 39,115 151,271 5,836 2,792 3,407 1,536 8,002 219,953<br />
Adjustment relating to prior period - - (402) 39 - - (8) 401 30<br />
Revaluation surplus/(deficit) - 596 1,583 - - - 339 61 2,579<br />
Additions 15,069 4,300 9,550 2,908 207 7,288 18 363 39,703<br />
Disposals - - - (364) - - (7) - (371)<br />
Depreciation charge<br />
- - (4,624) (2,382) (1,653) - - (607) (9,266)<br />
Capitalisation (19,317) - 19,101 2,240 6,093 (8,333) - 216 -<br />
Closing net book amount 3,746 44,011 176,479 8,277 7,439 2,362 1,878 8,436 252,628<br />
At 31 December 2011<br />
- Cost 3,746 - - 31,122 16,645 2,362 - - 53,875<br />
- Valuation ¹<br />
- 44,011 209,553 - - - 1,878 15,951 271,393<br />
Accumulated depreciation - - (33,074) (22,845) (9,206) - - (7,515) (72,640)<br />
Net book amount 3,746 44,011 176,479 8,277 7,439 2,362 1,878 8,436 252,628<br />
Year ended 31 December 2012<br />
Opening net book amount 3,746 44,011 176,479 8,277 7,439 2,362 1,878 8,436 252,628<br />
Adjustment relating to prior period - - - - - - - - -<br />
Revaluation surplus/(deficit) - 401 1,719 - - - 1,090 71 3,281<br />
Additions 11,520 - - 4,354 1,146 4,254 96 - 21,370<br />
Disposals - - - (311) - (10) - (321)<br />
Depreciation charge - - (5,693) (2,733) (1,392) - - (605) (10,423)<br />
Capitalisation (12,067) - 11,376 1,316 4,389 (5,178) - 164 -<br />
Closing net book amount 3,199 44,412 183,881 10,903 11,582 1,438 3,054 8,066 266,535<br />
At 31 December 2012<br />
- Cost<br />
3,199 - - 34,671 22,127 1,438 - - 61,435<br />
- Valuation ¹<br />
- 44,412 223,013 - - - 3,054 16,278 286,757<br />
Accumulated depreciation - - (39,132) (23,768) (10,545) - - (8,212) (81,657)<br />
Net book amount 3,199 44,412 183,881 10,903 11,582 1,438 3,054 8,066 266,535<br />
The fair value model is applied to all Buildings, Infrastructure, Land, Library Heritage collection and Artworks, all other property, plant and equipment is valued at cost.<br />
(1) Buildings, Infrastructure and Land were last independently valued to Fair Value as at 31 December 2010 by G Pyman (FAPI, MRICS), Registered Valuer (No. 1856), with interim valuation using indexes as at 31 October<br />
2012 and management assessment. Purchase of property at 5 Ibis Avenue, Rockhampton on 5 October 2011 at cost with comprehensive revalue as at 31 October 2011 by MD Sheehan (AAPI) Registered Valuer (No.<br />
1011). Library Heritage Collection was last independently valued to Fair Value as at 30 September 2012 by J Harbeck, Australian Government Cultural Gifts Program Valuer. Artworks was last independently valued to<br />
Fair Value as at 31 December 2011 by B MacAulay (AVAA - No. 336) with a desk top valuation as at 31 October 2012 and management assessment. Assets acquired in years between comprehensive revaluation by<br />
external valuer are not revalued and are carried at cost. Thus fair value of these are based on management assessment.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 26. Intangible assets<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Computer<br />
Computer<br />
Software<br />
Software Work<br />
in Progress Goodwill Total<br />
Consolidated $'000 $'000 $'000 $'000<br />
At 1 January 2011<br />
- Cost 17,836 94 - 17,930<br />
Accumulated amortisation (10,662) - - (10,662)<br />
Net book amount 7,174 94 - 7,268<br />
35<br />
ANNUAL FINANCIAL STATEMENTS<br />
Year ended 31 December 2011<br />
Opening net book amount 7,174 94 - 7,268<br />
Additions 3 2,096 - 2,099<br />
Disposals (137) - (137)<br />
Amortisation charge (3,085) - - (3,085)<br />
Capitalisation 2,137 (2,137) - -<br />
Closing net book amount 6,092 53 - 6,145<br />
At 31 December 2011<br />
- Cost 19,419 53 - 19,472<br />
Accumulated amortisation (13,327) - - (13,327)<br />
-<br />
Net book amount 6,092 53 - 6,145<br />
Year ended 31 December 2012<br />
Opening net book amount 6,092 53 - 6,145<br />
Adjustment relating to prior period - - -<br />
Additions 149 2,138 373 2,660<br />
Disposals - - -<br />
Amortisation charge (3,248) - - (3,248)<br />
Capitalisation 991 (991) - -<br />
Closing net book amount 3,984 1,200 373 5,557<br />
At 31 December 2012<br />
- Cost 20,560 1,200 373 22,133<br />
Accumulated amortisation (16,576) - - (16,576)<br />
Net book amount 3,984 1,200 373 5,557
36<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 26. Intangible assets (continued)<br />
Parent<br />
Computer<br />
Computer<br />
Software<br />
Software Work<br />
in Progress Goodwill Total<br />
$'000 $'000 $'000 $'000<br />
At 1 January 2011<br />
- Cost 16,929 94 - 17,023<br />
Accumulated amortisation (9,962) - - (9,962)<br />
Net book amount 6,967 94 - 7,061<br />
Year ended 31 December 2011<br />
Opening net book amount 6,967 94 - 7,061<br />
Adjustment relating to prior period - - - -<br />
Additions 2,096 - 2,096<br />
Disposals (137) - - (137)<br />
Amortisation charge (2,974) - - (2,974)<br />
Capitalisation 2,137 (2,137) - -<br />
Closing net book amount 5,993 53 - 6,046<br />
At 31 December 2011<br />
- Cost 18,548 53 - 18,601<br />
Accumulated amortisation (12,555) - - (12,555)<br />
Net book amount 5,993 53 - 6,046<br />
Year ended 31 December 2012<br />
Opening net book amount 5,993 53 - 6,046<br />
Additions 127 2,138 373 2,638<br />
Disposals - - -<br />
Amortisation charge (3,161) - - (3,161)<br />
Capitalisation 991 (991) - -<br />
Closing net book amount 3,950 1,200 373 5,523<br />
At 31 December 2012<br />
- Cost 19,666 1,200 373 21,239<br />
Accumulated amortisation (15,716) - - (15,716)<br />
Net book amount 3,950 1,200 373 5,523
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 27. Deferred tax assets and liabilities<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
The balance comprises temporary differences<br />
attributable to:<br />
Assets Liabilities Net<br />
2012 2011 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000 $'000 $'000<br />
Prepayments - - (59) (95) (59) (95)<br />
Property, plant and equipment 162 212 - - 162 212<br />
Accrued interest - - (2) (3) (2) (3)<br />
Payables 145 125 - - 145 125<br />
Employee provisions 1,249 1,340 - - 1,249 1,340<br />
FBT liability - 4 (12) - (12) 4<br />
Other legal and consultancy fees - - - - - -<br />
Vehicle leases - - - (57) - (57)<br />
Tax loss carried forward 429 - - - 429 -<br />
1,985 1,681 (73) (155) 1,912 1,526<br />
37<br />
ANNUAL FINANCIAL STATEMENTS<br />
Movement in temporary differences during the year: Balance Recognised Balance<br />
01-Jan-11 in income 31-Dec-11<br />
$'000 $'000 $'000<br />
Prepayments (138) 43 (95)<br />
Property, plant and equipment 193 19 212<br />
Accrued interest (3) - (3)<br />
Payables 123 2 125<br />
Employee provisions 1,142 198 1,340<br />
FBT Liability (3) 7 4<br />
Other legal and consultancy fees 13 (13) -<br />
Vehicle leases (51) (6) (57)<br />
Tax loss carried forward - - -<br />
1,276 250 1,526<br />
Movement in temporary differences during the year: Balance Recognised Balance<br />
01-Jan-12 in income 31-Dec-12<br />
$'000 $'000 $'000<br />
Prepayments (95) 36 (59)<br />
Property, plant and equipment 212 (50) 162<br />
Accrued interest (3) 1 (2)<br />
Payables 125 20 145<br />
Employee provisions 1,340 (91) 1,249<br />
FBT Liability 4 (16) (12)<br />
Other legal and consultancy fees - - -<br />
Vehicle leases (57) 57 -<br />
Tax loss carried forward - 429 429<br />
1,526 386 1,912
38<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 28. Trade and other payables<br />
Consolidated<br />
Parent Entity<br />
2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Current<br />
OS-HELP liability to Australian Government 1 64 1 64<br />
Trade creditors 6,629 7,606 5,507 6,356<br />
Liability to Australian Government for grant recovery 292 165 292 165<br />
Other creditors 3,026 1,640 2,622 1,612<br />
Total current trade and other payables 9,948 9,475 8,422 8,197<br />
Total trade and other payables 9,948 9,475 8,422 8,197<br />
Note 29. Provisions<br />
Current provisions expected to be settled within 12 months<br />
Grant recovery 3,480 1,454 3,480 1,454<br />
Employee benefits<br />
<strong>Annual</strong> leave 9,653 8,981 8,100 7,429<br />
Long service leave 3,304 3,580 2,410 2,315<br />
Staff redundancies - 580 - 580<br />
Current provisions expected to be settled after 12 months<br />
Employee benefits<br />
<strong>Annual</strong> leave 1,075 1,103 1,075 1,103<br />
Long service leave 9,192 8,497 9,192 8,497<br />
Total current provisions 26,704 24,195 24,257 21,378<br />
Non-current<br />
Make good 4,151 2,822 4,151 2,822<br />
Employee benefits<br />
Long service leave 4,278 4,814 2,560 3,166<br />
Total non-current provisions 8,429 7,636 6,711 5,988<br />
Total provisions 35,133 31,831 30,968 27,366
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
(a) Movements in provisions<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Movements in each class of provision during the financial year, other than employee benefits, are set out below:<br />
Grant<br />
Recovery<br />
2012<br />
Consolidated<br />
$'000<br />
Current<br />
Carrying amount at start of year 1,454<br />
Additional provisions recognised 3,424<br />
Amounts used (1,398)<br />
Unused amounts reversed -<br />
Carrying amount at end of year 3,480<br />
39<br />
ANNUAL FINANCIAL STATEMENTS<br />
Grant recovery<br />
Provision is made for estimated recovery of Australian Government financial assistance in particular Commonwealth Grants Scheme,<br />
HECS-HELP and Commonwealth Scholarships due to lower than expected student enrolments.<br />
Make Good<br />
2012<br />
$'000<br />
Non-current<br />
Carrying amount at start of year 2,822<br />
Additional provisions recognised 999<br />
Unused amounts reversed -<br />
Change in estimated cashflows 147<br />
Increase/(decrease) in discounted amount 183<br />
Carrying amount at end of year 4,151<br />
Leasehold improvements - make good<br />
Provision is made for estimated make good expenses in accordance with the terms of the lease agreements for premises at 400 Kent<br />
Street Sydney, 90 Goodchap Street Noosaville, 160 Ann Street Brisbane, 44 Greenhill Road Wayville and 134 -140 Little Lonsdale Street<br />
Melbourne. The leases have termination dates of 2022, 2021, 2020 and 2016 respectively when it is expected that these obligations will<br />
be realised.<br />
Consolidated<br />
Parent Entity<br />
2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Note 30. Other liabilities<br />
Current<br />
Revenue received in advance 10,577 15,326 10,566 15,329<br />
Building lease liability* 491 693 491 693<br />
Other 3,012 3,689 2,997 3,174<br />
Total current other liabilities 14,080 19,708 14,054 19,196<br />
Non-current<br />
Building lease liability* 16,741 12,559 16,741 12,559<br />
Total non-current other liabilities 16,741 12,559 16,741 12,559<br />
Total other liabilities 30,821 32,267 30,795 31,755<br />
*This accumulated liability relates to the <strong>University</strong>'s operating leases for the Australian International Campuses' premises which are<br />
expensed on a straight-line basis over the terms of the individual lease in accordance with AASB 117. This liability is over the<br />
remaining life of the leases.
40<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Note 31. Reserves and retained surpluses<br />
(a) Reserves<br />
Property, plant and equipment revaluation reserve 78,452 75,171 78,451 75,171<br />
Available for sale financial assets 5,990 2,402 5,923 2,704<br />
Foreign currency translation reserve 34 - - -<br />
Total reserves 84,476 77,573 84,374 77,875<br />
Non-controlling interest (17) - - -<br />
Total reserves attributable to parent entity 84,459 77,573 84,374 77,875<br />
Movements:<br />
Property, plant and equipment revaluation reserve<br />
Balance 1 January 75,171 72,584 75,171 72,584<br />
Revaluation increment/(decrement)<br />
Buildings 1,718 1,583 1,718 1,583<br />
Land 401 596 401 596<br />
Infrastructure 71 61 71 61<br />
Library heritage collection 1,167 - 1,167 -<br />
Artwork (77) 347 (77) 347<br />
Balance 31 December 78,451 75,171 78,451 75,171<br />
Available for sale financial assets reserve<br />
Balance 1 January 2,402 5,996 2,704 6,275<br />
Fair value increment/(decrement) 3,588 (3,594) 3,219 (3,571)<br />
Balance 31 December 5,990 2,402 5,923 2,704<br />
Foreign currency translation reserve<br />
Balance 1 January - - - -<br />
Fair value increment/(decrement) 34 - - -<br />
Balance 31 December 34 - - -<br />
(b) Retained surplus<br />
Movements in retained surplus were as follows:<br />
Retained surplus at 1 January 207,196 210,474 202,527 205,469<br />
Net operating result for the year (25,896) (3,278) (24,636) (2,942)<br />
Retained surplus on acquisition of subsidiary (166) - - -<br />
Retained surplus at 31 December 181,134 207,196 177,891 202,527<br />
(c) Nature and purpose of reserves<br />
The property, plant and equipment revaluation reserve includes the net revaluation increments and decrements arising from the<br />
revaluation.<br />
Available for sale financial assets reserve represents fair value movements in financial assets.<br />
The share revaluation reserve includes the net revaluation increments and decrements arising from the revaluation.<br />
The foreign currency translation reserve relates to the translation of the results and position of CQU Institute of Higher Learning Pte<br />
Ltd whose functional and presentation currency is Singapore dollars into the group accounts which are presented in Australian<br />
dollars.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 32. Key Management personnel and remuneration<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
(a) Names of responsible persons and key executive management personnel<br />
The following persons were responsible persons and key management executive personnel of the consolidated entity during the<br />
financial year:<br />
Members of the Council and Board Members of the consolidated entity<br />
R. Fritschy C. Turpin<br />
S. Bowman R. Minchinton<br />
J. Kyd (Resigned 31 August 2012) B. Fredericks (Appointed 1 August 2012)<br />
T. Griffin T. Grigg (Resigned 17 July 2012)<br />
C. Ware A. Blake<br />
S. Collins L. Hyam<br />
J. Anderson D.Turner<br />
J. Fitzsimmons J. Roberts<br />
J. Mark (Resigned 27 January 2012) P. Procter (Resigned 1 July 2012)<br />
J. Davis (Appointed 30 January 2012) V. Hindell (Resigned 1 July 2012)<br />
P. Corones N. Babovic (Appointed 5 June 2012)<br />
M. McGrath (Term of Office concluded 25 May 2012) G. Pegg (Appointed 9 March 2012)<br />
G. Carpenter (Appointed 25 May 2012) S. K. Cheng (Appointed 9 March 2012)<br />
N. Pearse P. Loke (Appointed 9 March - Resigned 18 December 2012)<br />
41<br />
ANNUAL FINANCIAL STATEMENTS<br />
Key Executive Management Personnel<br />
S. Bowman J. Roberts<br />
J. Kyd (Resigned 31 August 2012) H. Winchester (Appointed 1 August 2012)<br />
M. Burton (Contract expired 31 January 2012) P. Carter (Resigned 31 July 2012)<br />
K. Hawkins (Contract expired 1 August 2012) G. Wessling<br />
A. Dawson D. Horvath<br />
N. Babovic J. Brown<br />
K. Tickle (Contract expired 6 July 2012) P. Deacon (Appointed 23 October 2012)<br />
G. Pegg G. McMillan (Appointed 5 June 2012)<br />
D. Turner K. Bruce (Appointed 9 April - Resigned 4 July 2012)<br />
No other person had authority or responsibility for planning, directing and controlling the activities of the consolidated entity during the<br />
financial year.
42<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
(b) Council and Board Members<br />
<strong>University</strong> Council Members<br />
The <strong>University</strong> Council is the governing body of the <strong>University</strong>, as set out in the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Act 1998 and is<br />
responsible for managing and controlling the <strong>University</strong>'s affairs, property and finances. The council must act in the manner that is<br />
most likely to promote the <strong>University</strong>'s interests and acts in all matters to advance the interests and aspirations of the <strong>University</strong>.<br />
Membership of the Council is set out in ss 12-16 of the Act.<br />
Council members have a duty to act honestly and with integrity; to exercise due care, skill and diligence in their duties; to make<br />
appropriately informed decisions; and to act at all times in the interests of the <strong>University</strong>.<br />
CQU Travel Centre Pty Ltd Board Members<br />
Board members of CQU Travel Centre Pty Ltd are responsible for applying governance and oversight of the management of the<br />
business and for ensuring the profitable operation on a sustainable basis. They approve the strategic direction and operations of<br />
the Company in accordance with sound corporate governance protocols.<br />
The two board members are also key executive management personnel of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> and were appointed by<br />
authority of the Company's Shareholder on 17 January 2006 and 23 June 2010 respectively.<br />
Australian International Campuses Pty Ltd Board Members<br />
Board members of Australian International Campuses Pty Ltd are responsible for applying governance and oversight of the<br />
management of the business and for ensuring the profitable operation on a sustainable basis. They approve the strategic direction<br />
and operations of the Company in accordance with sound corporate governance protocols.<br />
The two current board members are also Members of the <strong>University</strong> Council and were appointed by authority of the Company's<br />
Shareholder on 5 November 2008 and 22 February 2011 respectively.<br />
C Management Services Pty Ltd Board Members<br />
Board members of C Management Services Pty Ltd are responsible for ensuring that the Company complies with the objects as set<br />
out in its constitution, governance and oversight of the management of the business and for ensuring the profitable operation on a<br />
sustainable basis. The Company's Board of Directors approve the strategic direction and operations of the Company in<br />
accordance with sound corporate governance protocols.<br />
Three of the current board members are also Members of the <strong>University</strong> Council and were appointed by authority of the Company's<br />
Shareholder on 26 August 2003, 20 November 2003 and 2 September 2009 respectively.<br />
Health Train Education Services Pty Ltd Board Members<br />
Board members of Health Train Education Services Pty Ltd are responsible for applying governance and oversight of the<br />
management of the business and for ensuring the profitable operation on a sustainable basis. They approve the strategic direction<br />
and operations of the Company in accordance with sound corporate governance protocols.<br />
The two board members are also key executive management personnel of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> and were appointed by<br />
authority of the Company's Shareholder on 5 June 2012.<br />
CQU Institute of Higher Learning Pte Ltd Board Members<br />
Board members of CQU Institute of Higher Learning Pte Ltd are responsible for applying governance and oversight of the<br />
management of the business and for ensuring the profitable operation on a sustainable basis. They approve the strategic direction<br />
and operations of the Company in accordance with sound corporate governance protocols.<br />
Three board members are also key executive management personnel of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> and were appointed by<br />
authority of the Company's Shareholders on 9 March 2012.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
C Management Services Pty Ltd Board Members<br />
Position<br />
Chairman of the Board<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Responsibilities<br />
Contract classification<br />
and appointment<br />
authority<br />
The Chairman of the Board is<br />
responsible for leading and managing<br />
the Board in the discharge of its duties.<br />
Appointed by authority and<br />
Professor Bowman is the <strong>CQ<strong>University</strong></strong><br />
on contract terms of the<br />
Vice Chancellor & President and brings<br />
Company’s Shareholder.<br />
extensive academic and management<br />
experience from within the Australian<br />
higher education sector.<br />
Current Incumbents<br />
Date appointed to position<br />
(Date resigned from position)<br />
Appointed 27 July 2011<br />
(Board Member –<br />
2 September 2009 to 27 July<br />
2011)<br />
43<br />
ANNUAL FINANCIAL STATEMENTS<br />
Board Member (1)<br />
Board Member (2)<br />
Emeritus Professor Blake, AM held the<br />
position of Vice Chancellor &<br />
President, <strong>University</strong> of Technology,<br />
Sydney from 1996 to 2002. He has<br />
also held Directorships and<br />
Memberships on Boards and Councils<br />
(both public and private) within the<br />
Australian higher education sector.<br />
Emeritus Professor Blake, AM brings<br />
to the Board a wide range of<br />
educational, strategic and<br />
management experience as well as<br />
strategic skills.<br />
Mr Fritschy is the <strong>CQ<strong>University</strong></strong><br />
Chancellor. Mr Fritschy has held<br />
senior managerial positions and<br />
directorships within the mining sector<br />
and brings to the Board extensive<br />
commercial knowledge and experience<br />
from within the Australian higher<br />
education sector.<br />
Appointed by authority of<br />
the Company’s<br />
Shareholder. Contract<br />
duration is approved by<br />
the Company’s<br />
Shareholder.<br />
Appointed by authority of<br />
the Company’s<br />
Shareholder. Contract<br />
duration is approved by<br />
the Company’s<br />
Shareholder.<br />
Appointed 1 August 2008<br />
(Chairman – 1 August 2008 to 27<br />
July 2011)<br />
Appointed 26 August 2003<br />
Board Member (3)<br />
Ms Hyam has held executive<br />
management positions and<br />
Directorships within the international<br />
and Australian higher education sector<br />
as well as in local government. Ms<br />
Hyam brings extensive industry,<br />
strategic development, market<br />
development and government relations<br />
experience to the Board.<br />
Appointed by authority of<br />
the Company’s<br />
Shareholder. Contract<br />
duration is approved by<br />
the Company’s<br />
Shareholder.<br />
Appointed 1 August 2008<br />
Board Member (4)<br />
Mr Ware is the <strong>CQ<strong>University</strong></strong> Deputy<br />
Chancellor. He is currently a<br />
Consultant in a private legal practice<br />
and is a widely experienced solicitor.<br />
Mr Ware has held Directorships on<br />
local industry Boards and brings<br />
extensive legal and government<br />
knowledge to the Board.<br />
Appointed by authority of<br />
the Company’s<br />
Shareholder. Contract<br />
duration is approved by<br />
the Company’s<br />
Shareholder.<br />
Appointed 20 November 2003
44<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(c) Remuneration of Council and Board Members<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Council members do not receive any remuneration for attendance at Council meetings or<br />
activities. The <strong>University</strong> does accept financial responsibility for travel costs related to <strong>University</strong> meetings and activities.<br />
Board members of Australian International Campuses Pty Ltd, CQU Travel Centre Pty Ltd, Health Train Education Services<br />
Pty Ltd and CQU Institute of Higher Learning Pte Ltd receive no remuneration from the company or the Group in return for<br />
their efforts in the discharge of their responsibilities in those positions.<br />
C Management Services Pty Ltd's Shareholder determines the aggregate amount of Directors Fees or remuneration.<br />
Directors Fees are allocated among the Non-Executive Directors as the Board determines and do not, in any financial year,<br />
exceed in aggregate the amount last determined by the Company's Shareholder. Remuneration of Directors was last<br />
reviewed by the Board on 28 November 2012.<br />
Remuneration packages for Board personnel comprise the following components:-<br />
<br />
<br />
C Management Services Pty Ltd<br />
Short-term employee benefits<br />
Post-employment benefits<br />
Other long-term benefits<br />
Termination benefits<br />
2012 2011<br />
$ $<br />
208,607 213,586<br />
17,865 19,222<br />
- -<br />
- -<br />
226,472 232,808<br />
2012 C Management Services Pty Ltd<br />
Position<br />
Chairman of the Board *<br />
Board Member (1)<br />
Board Member (2)<br />
Board Member (3)<br />
Board Member (4)<br />
Short term Employee<br />
Benefits<br />
Base<br />
$'000<br />
Non-<br />
Monetary<br />
Benefits<br />
$'000<br />
Long Term<br />
Employee<br />
Benefits<br />
Post<br />
Employment<br />
Benefits<br />
Termination<br />
Benefits<br />
Total<br />
Remuneration<br />
$'000 $'000 $'000 $'000<br />
- - - - - -<br />
53 - - 4 - 57<br />
52 - - 5 - 57<br />
52 - - 5 - 57<br />
52 - - 5 - 57<br />
209 - - 18 - 227<br />
* The Chairman of the Board is an employee of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> (the Company's ultimate shareholder) and is<br />
not paid Director's fees.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(c) Remuneration of Council and Board Members (continued)<br />
2011 C Management Services Pty Ltd<br />
Board Member (1)<br />
Board Member (2)<br />
Board Member (3)<br />
Board Member (4)<br />
Position<br />
Chairman of the Board *<br />
Short term Employee<br />
Benefits<br />
Base<br />
$'000<br />
Non-<br />
Monetary<br />
Benefits<br />
$'000<br />
Long Term<br />
Employee<br />
Benefits<br />
Post<br />
Employment<br />
Benefits<br />
Termination<br />
Benefits<br />
Total<br />
Remuneration<br />
$'000 $'000 $'000 $'000<br />
- - - - - -<br />
69 - - 6 - 76<br />
48 - - 4 - 52<br />
48 - - 4 - 52<br />
48 - - 4 - 52<br />
213 - - 19 - 232<br />
45<br />
ANNUAL FINANCIAL STATEMENTS<br />
* The Chairman of the Board is an employee of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> (the Company's ultimate shareholder) and is<br />
not paid Director's fees.<br />
No loans have been made to any council member, board personnel or their related parties.<br />
Total remuneration of Council Members and Board<br />
Members (excluding Key Executive Management<br />
Personnel)<br />
Nil - $14,999<br />
$45,000 - $59,999<br />
$75,000 - $89,999<br />
Consolidated<br />
Parent Entity<br />
2012 2011 2012 2011<br />
No. No. No. No.<br />
18 13 15 14<br />
4 3 - -<br />
- 1 - -
46<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(d) Key Executive Management Personnel<br />
Key executive management personnel include those positions that had authority and responsibility for planning, directing and<br />
controlling the activities of the Group during 2012.<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
Current Incumbents<br />
Position<br />
Responsibilities<br />
Contract classification<br />
and appointment<br />
authority<br />
Date appointed to position<br />
(Date resigned from position)<br />
Vice-Chancellor and<br />
President<br />
The Vice-Chancellor and President is<br />
Appointed by authority of<br />
responsible for the provision of<br />
the <strong>University</strong> Council<br />
leadership and driving the strategic<br />
according to the <strong>Central</strong><br />
planning, finance and external affairs of<br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
the <strong>University</strong> is a Member of the<br />
Appointed 1 August 2009<br />
1998, Part 3, Section 32.<br />
<strong>University</strong> Council and Chair of the<br />
Contract terms are based<br />
Board of C Management Services Pty<br />
on market forces and<br />
Ltd and CQU Institute of Higher<br />
research.<br />
Learning Pte Ltd.<br />
Deputy Vice-<br />
Chancellor (Academic<br />
& Research)<br />
The Deputy Vice-Chancellor<br />
(Academic & Research) is responsible<br />
for driving the <strong>University</strong>'s academic,<br />
research and engagement strategic<br />
and operational agendas. The<br />
previous appointee was a Member of<br />
the <strong>University</strong> Council.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Previous incumbent resigned 31<br />
August 2012<br />
Current incumbent appointed 19<br />
November 2012 (Acting from 1<br />
August 2012)<br />
Deputy Vice-<br />
Chancellor<br />
(International)<br />
The Deputy Vice-Chancellor<br />
(International) is a dual role with that of<br />
Chief Executive Officer of C<br />
Management Services Pty Ltd - a<br />
wholly owned subsidiary of the<br />
<strong>University</strong>, which has responsibility for<br />
the management of the company and<br />
its relationship with the <strong>University</strong>.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Previous incumbent contract<br />
expired 1 August 2012<br />
Interim acting appointment from<br />
11 January 2012 (Resigned 31<br />
August 2012)<br />
Responsibilities incorporated into<br />
Deputy Vice-Chancellor<br />
(International and Services)<br />
position 4 July 2012<br />
Deputy Vice-<br />
Chancellor<br />
(International and<br />
Services)<br />
The Deputy Vice-Chancellor<br />
(International and Services) is<br />
responsible for oversight and strategic<br />
management of the facilities which<br />
support the provision of academic and<br />
research activity across the <strong>University</strong>.<br />
During the year the incumbent was<br />
appointed to the role of Chief Executive<br />
Officer of C Management Services Pty<br />
Ltd and is responsible for the oversight<br />
and strategic management of that<br />
Company.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 4 July 2012<br />
Previously Deputy Vice-<br />
Chancellor (<strong>University</strong> Services)<br />
appointed 1 May 2010
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(d) Key Executive Management Personnel (continued)<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> (continued)<br />
Deputy Vice-<br />
Chancellor<br />
(Development)<br />
The Deputy Vice-Chancellor<br />
(Development) is responsible for<br />
facilitating the <strong>University</strong>'s renewal<br />
agenda.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 16 November 2009<br />
(Contract expired 31 January<br />
2012)<br />
Position disestablished<br />
47<br />
ANNUAL FINANCIAL STATEMENTS<br />
Deputy Vice-<br />
Chancellor (Industry<br />
and Vocational<br />
Education and<br />
Training)<br />
The Deputy Vice-Chancellor (Industry<br />
and Vocational Education and<br />
Training) main focus is the<br />
responsibility for developing the first<br />
Dual Sector <strong>University</strong> in <strong>Queensland</strong><br />
and is a Director of Health Train<br />
Education Services Pty Ltd.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 2 May 2011<br />
Deputy Vice-<br />
Chancellor (Higher<br />
Education Division)<br />
The Deputy Vice-Chancellor (Higher<br />
Education Division) is responsible for<br />
building a higher education portfolio.<br />
The position will also identify potential<br />
to raise the profile of the <strong>University</strong>,<br />
and develop innovative strategies and<br />
plans to increase student numbers,<br />
community engagement opportunities,<br />
research potential and the overall<br />
quality of the <strong>University</strong>. The<br />
incumbent is a Director of CQU<br />
Institute of Higher Learning Pte Ltd.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 27 June 2012<br />
Appointed 27 May 2010<br />
Pro Vice-Chancellor &<br />
Executive Dean<br />
(Faculty of Sciences,<br />
Engineering & Health)<br />
The Pro Vice-Chancellor & Executive<br />
Dean is responsible for strategic<br />
planning and developing goals,<br />
objectives and budgets, for high<br />
standards of curriculum, pedagogy and<br />
assessment in relation to programs<br />
and courses.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed to concurrent role of<br />
Acting Executive Dean (Faculty<br />
of Arts, Business, Informatics<br />
and Education) 8 May 2012)<br />
Roles disestablished 26 June<br />
2012 and incorporated into<br />
position of Deputy Vice-<br />
Chancellor (Higher Education<br />
Division)<br />
Pro Vice-Chancellor &<br />
Executive Dean<br />
(Faculty of Arts,<br />
Business, Informatics<br />
and Education & Head<br />
of Campus, Noosa)<br />
The Pro Vice-Chancellor & Executive<br />
Dean is responsible for strategic<br />
planning and developing goals,<br />
objectives and budgets, for high<br />
standards of curriculum, pedagogy and<br />
assessment in relation to programs<br />
and courses.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 9 February 2011<br />
(Contract expired 6 July 2012)<br />
Position responsibilities<br />
redistributed 8 May 2012<br />
Pro Vice-Chancellor & Executive<br />
Dean position disestablished 6<br />
July 2012
48<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(d) Key Executive Management Personnel (continued)<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> (continued)<br />
Chief Financial Officer<br />
The Chief Financial Officer is<br />
responsible for the <strong>University</strong>'s<br />
Planning and Financial Management<br />
including Risk Management; is a<br />
Director of CQU Travel Centre Pty Ltd,<br />
Health Train Education Services Pty<br />
Ltd, Mask-Ed International Pty Ltd and<br />
CQU Institute of Higher Learning Pte<br />
Ltd.<br />
During the year the incumbent was<br />
appointed to the role of Chief Financial<br />
Officer of C Management Services Pty<br />
Ltd and is responsible for the<br />
Company's strategic planning and<br />
financial management including risk<br />
management.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 1 May 2010<br />
<strong>University</strong> Secretary<br />
The <strong>University</strong> Secretary is the<br />
Secretary to the <strong>University</strong> Council and<br />
is responsible for the processes of<br />
governance within the <strong>University</strong><br />
through the Council and its subcommittees,<br />
the management of the<br />
Vice-Chancellor and President's Office,<br />
and is a Director of CQU Travel Centre<br />
Pty Ltd.<br />
Appointed by authority of<br />
the <strong>University</strong> Council<br />
according to the <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong> Act<br />
1998, Part 2, Division 2,<br />
S9 (2)(a). Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 1 May 2010<br />
Concurrent role of Director,<br />
Office of the Vice-Chancellor and<br />
President removed as from 10<br />
February 2012<br />
C Management Services Pty Ltd<br />
Current Incumbents<br />
Position<br />
Responsibilities<br />
Contract classification<br />
and appointment<br />
authority<br />
Date appointed to position<br />
(Date resigned from position)<br />
Chief Executive Officer<br />
Chief Executive Officer<br />
The Chief Executive Officer is<br />
responsible for oversight and strategic<br />
management of the Company.<br />
The Chief Executive Officer is<br />
responsible for oversight and strategic<br />
management of the Company.<br />
Appointed by authority of<br />
The Company’s<br />
Shareholder. Contract<br />
terms are based on<br />
market forces and<br />
research.<br />
Appointed by authority of<br />
The Company's<br />
Shareholder.<br />
Appointed 1 February 2008<br />
(Resigned 31 July 2012)<br />
Appointed as Acting Chief<br />
Executive Officer 1 February<br />
2012<br />
Appointed 1 August 2012<br />
Chief Financial Officer<br />
/ Company Secretary<br />
The Chief Financial Officer / Company<br />
Secretary is responsible for the<br />
Company's strategic planning and<br />
financial management including risk<br />
management. The Company<br />
Secretary is appointed by the Board<br />
and is responsible on all corporate<br />
governance matters.<br />
Appointed by authority of<br />
the C Management<br />
Services Pty Ltd Board.<br />
Contract terms are based<br />
on market forces and<br />
research.<br />
Appointed Chief Financial Officer<br />
1 June 2006<br />
(Resigned 31 July 2012)<br />
Appointed Company Secretary<br />
6 March 2003<br />
(Resigned 20 February 2012)
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(d) Key Executive Management Personnel (continued)<br />
C Management Services Pty Ltd (continued)<br />
Chief Financial Officer<br />
Chief Operating Officer<br />
The Chief Financial Officer / Company<br />
Secretary is responsible for the<br />
Company's strategic planning and<br />
financial management including risk<br />
management.<br />
The Chief Operating Officer is<br />
responsible for strategic planning and<br />
development of business opportunities<br />
in relation to the Academic programs<br />
and courses delivered by the<br />
Company.<br />
Appointed by authority of<br />
The Company's<br />
Shareholder.<br />
Appointed by authority of<br />
the Chief Executive<br />
Officer. Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed as Acting Chief<br />
Executive Officer 1 March 2012<br />
Appointed 1 August 2012<br />
Appointed 1 October 2009<br />
49<br />
ANNUAL FINANCIAL STATEMENTS<br />
General Manager<br />
Marketing and<br />
Recruitment<br />
The General Manager Marketing and<br />
Recruitment is responsible for<br />
developing the Company's marketing<br />
and recruitment strategies and plans<br />
that drive growth across these<br />
markets.<br />
Appointed by authority of<br />
the Chief Executive<br />
Officer. Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 10 June 2010<br />
Role restructured 23 October<br />
2012 as a non-executive<br />
leadership position<br />
General Manager<br />
Human Resources<br />
The General Manager Human<br />
Resources is responsible for the<br />
Company's strategic planning in<br />
relation to all staff related matters.<br />
Appointed by authority of<br />
the Chief Executive<br />
Officer. Contract terms<br />
are based on market<br />
forces and research.<br />
Appointed 14 September 2009<br />
Group Manager<br />
Accounting<br />
The Group Manager Accounting is<br />
responsible for influencing and<br />
Appointed to the Executive<br />
implementing the financial objectives of<br />
Leadership Group by the<br />
the Company, statutory reporting and<br />
Chief Executive Officer.<br />
Corporate financial and administrative<br />
policies and procedures.<br />
Appointed to Executive<br />
Leadership Group 23 October<br />
2012<br />
Health Train Services Pty Ltd<br />
Current Incumbents<br />
Position<br />
Responsibilities<br />
Contract classification<br />
and appointment<br />
authority<br />
Date appointed to position<br />
Executive Director<br />
The Executive Director is responsible<br />
for oversight and strategic<br />
management of the Company.<br />
Appointed by authority of<br />
The Company’s<br />
Shareholder. Contract<br />
terms are based on<br />
market forces and<br />
research.<br />
Appointed 5 June 2012
50<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(d) Key Executive Management Personnel (continued)<br />
CQU Institute of Higher Learning Pte Ltd<br />
Current Incumbents<br />
Position<br />
Responsibilities<br />
Contract classification<br />
and appointment<br />
authority<br />
Date appointed to position<br />
Chief Executive Officer<br />
The Chief Executive Officer is<br />
responsible for oversight and strategic<br />
management of the Company.<br />
Appointed by authority of<br />
The Company’s<br />
Shareholder. Contract<br />
terms are based on<br />
market forces and<br />
research.<br />
Appointed 9 April 2012<br />
(Resigned 4 July 2012)<br />
Australian International Campuses Pty Ltd and CQU Travel Centre Pty Ltd have no Key Executive Management Personnel.<br />
(e) Remuneration of Key Executive Management Personnel<br />
Remuneration policies for the Group's key executive management personnel is set by the <strong>University</strong> Council or the Board of C<br />
Management Services Pty Ltd as applicable. The remuneration and other terms of employment for the key executive<br />
management personnel are specified in individual employment contracts. The contracts provide for the provision of other<br />
benefits where applicable.<br />
For the 2012 year, remuneration of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> key executive management personnel increased by 6% in<br />
line with the applicable Enterprise Agreement as approved by the <strong>University</strong> Council with C Management Services key<br />
executive management personnel increasing by 3% (as from 1 December 2012) in line with the Company's Enterprise<br />
Agreement as approved by the Board.<br />
Remuneration packages for key executive management personnel comprise the following components:-<br />
• Short term employee benefits include:<br />
<br />
provided for the entire year or for that part of the year during which the employee occupied the specified position. Amounts<br />
disclosed equal the amount expensed in the Statement of Comprehensive Income.<br />
<br />
• Long term employee benefits include long service leave accrued during the period.<br />
• Post employment benefits include superannuation contributions.<br />
• Redundancy payments are in line with individual employment contracts and /or the Enterprise Agreements.<br />
• Performance bonuses may be paid or payable annually to the Vice-Chancellor and President only depending upon<br />
satisfaction of key criteria. The quantum of the performance bonus is determined against pre-defined key performance<br />
indicators as set during annual performance review discussions with the Chancellor.<br />
No loans have been made to any key management personnel of the Group or their related parties.<br />
Consolidated<br />
Parent Entity<br />
2012 2011 2012 2011<br />
$ $ $ $<br />
Short-term employee benefits 3,343,281 3,717,154 2,379,642 2,473,110<br />
Long term employee benefits 209,823 122,252 174,072 72,039<br />
Post employment benefits 457,833 475,624 354,727 370,979<br />
Termination benefits 1,469,983 - 470,440 -<br />
5,480,920 4,315,030 3,378,881 2,916,128
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(e) Remuneration of Key Executive Management Personnel (continued)<br />
2012 <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
Position<br />
Vice-Chancellor and President<br />
1 January to 31 December 2012<br />
Deputy Vice-Chancellor (Academic and<br />
Research)<br />
1 January to 10 January 2012<br />
Deputy Vice-Chancellor (Academic and<br />
Research) and Acting Deputy Vice-<br />
Chancellor (International)<br />
11 January to 31 August 2012<br />
Short Term<br />
Employee Benefits<br />
Base<br />
$'000<br />
Non-<br />
Monetary<br />
Benefits<br />
$'000<br />
Long Term<br />
Employee<br />
Benefits<br />
Post<br />
Employment<br />
Benefits<br />
Termination<br />
Benefits<br />
Total<br />
Remuneration<br />
$'000 $'000 $'000 $'000<br />
450 25 11 74 - 560<br />
10 1 2 7 - 19<br />
170 14 5 26 - 215<br />
51<br />
ANNUAL FINANCIAL STATEMENTS<br />
Acting Deputy Vice-Chancellor<br />
(Academic and Research)<br />
1 August to 18 November 2012<br />
Deputy Vice-Chancellor (Academic and<br />
Research)<br />
19 November to 31 December 2012<br />
Deputy Vice-Chancellor (International)<br />
1 January to 1 August 2012 *<br />
Deputy Vice-Chancellor (<strong>University</strong><br />
Services)<br />
1 January to 3 July 2012<br />
Deputy Vice-Chancellor (International<br />
and Services)<br />
4 July to 31 December 2012<br />
101 1 2 8 - 113<br />
38 1 1 3 - 43<br />
- - - - - -<br />
153 11 4 24 - 193<br />
149 11 4 25 - 188<br />
Deputy Vice-Chancellor (Development)<br />
1 January to 31 January 2012<br />
48 3 19 4 - 74<br />
Deputy Vice-Chancellor (Industry &<br />
Vocational Education and Training)<br />
1 January to 31 December 2012<br />
Deputy Vice-Chancellor (Higher<br />
Education)<br />
27 June to 31 December 2012<br />
252 19 7 49 - 327<br />
160 1 4 26 - 191<br />
Pro Vice-Chancellor and Executive<br />
Dean (Faculty of Sciences,<br />
Engineering and Health) and Pro Vice-<br />
Chancellor and Executive Dean<br />
(Faculty of Arts, Business, Informatics<br />
and Education<br />
8 May to 26 June 2012<br />
38 - 4 4 - 46
52<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(e) Remuneration of Key Executive Management Personnel (continued)<br />
Pro Vice-Chancellor and Executive<br />
Dean (Faculty of Sciences,<br />
Engineering and Health)<br />
1 January to 7 May 2012<br />
Pro Vice-Chancellor and Executive<br />
Dean (Faculty of Arts, Business,<br />
Informatics and Education & Head of<br />
Campus, Noosa)<br />
1 January to 6 July 2012<br />
Chief Financial Officer<br />
1 January to 31 December 2012<br />
<strong>University</strong> Secretary<br />
10 February to 31 December 2012<br />
<strong>University</strong> Secretary & Director, Office<br />
of the Vice-Chancellor and President<br />
1 January to 9 February 2012<br />
82 - 2 13 - 98<br />
166 11 106 16 470 771<br />
223 23 9 38 - 292<br />
193 17 (8) 34 - 236<br />
7 2 2 3 - 13<br />
2,240 139 174 355 470 3,379<br />
* The Deputy Vice-Chancellor (International) was the Chief Executive Officer of C Management Services Pty Ltd and was<br />
paid by that company.<br />
2012 C Management Services Pty Ltd<br />
Position<br />
Chief Executive Officer<br />
1 January to 31 July 2012<br />
Chief Financial Officer<br />
1 January to 31 July 2012<br />
Chief Executive Officer *<br />
1 August to 31 December 2012<br />
Chief Financial Officer *<br />
1 August to 31 December 2012<br />
General Manager Academic Programs<br />
and Development<br />
1 January to 31 December 2012<br />
General Manager Marketing and<br />
Recruitment<br />
1 January to 22 October 2012<br />
General Manager Human Resources<br />
1 January to 31 December 2012<br />
Short Term<br />
Employee Benefits<br />
Base<br />
$'000<br />
Non-<br />
Monetary<br />
Benefits<br />
$'000<br />
Long Term<br />
Employee<br />
Benefits<br />
Post<br />
Employment<br />
Benefits<br />
Termination<br />
Benefits<br />
Total<br />
Remuneration<br />
$'000 $'000 $'000 $'000<br />
90 39 9 25 542 704<br />
75 40 5 18 458 596<br />
- - - - - -<br />
- - - - - -<br />
215 - 7 20 - 241<br />
121 - 6 11 - 138<br />
159 - 6 15 - 180<br />
Group Manager Accounting<br />
23 October to 31 December 2012<br />
33 - 3 - 36<br />
692 79 33 92 1,000 1,896<br />
* The Chief Executive Officer and the Chief Financial Officer are employees of <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> (the<br />
Company's ultimate shareholder) and are not paid by the Company.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(e) Remuneration of Key Executive Management Personnel (continued)<br />
2012 Health Train Education Services Pty Ltd<br />
Position<br />
Executive Director<br />
5 June to 31 December 2012<br />
Short Term<br />
Employee Benefits<br />
Base<br />
$'000<br />
Non-<br />
Monetary<br />
Benefits<br />
$'000<br />
Long Term<br />
Employee<br />
Benefits<br />
Post<br />
Employment<br />
Benefits<br />
Termination<br />
Benefits<br />
Total<br />
Remuneration<br />
$'000 $'000 $'000 $'000<br />
113 - 3 9 - 125<br />
53<br />
ANNUAL FINANCIAL STATEMENTS<br />
The Executive Director is an employee of and paid by <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> for this period.<br />
2012 CQU Institute of Higher Learning Pte Ltd<br />
Position<br />
Chief Executive Officer<br />
1 February to 4 July 2012<br />
Short Term<br />
Employee Benefits<br />
Base<br />
$'000<br />
Non-<br />
Monetary<br />
Benefits<br />
$'000<br />
Long Term<br />
Employee<br />
Benefits<br />
Post<br />
Employment<br />
Benefits<br />
Termination<br />
Benefits<br />
Total<br />
Remuneration<br />
$'000 $'000 $'000 $'000<br />
64 15 2 - 81<br />
The Chief Executive Officer was an employee of C Management Services Pty Ltd from 1 February to 9 April 2012 and<br />
funded by <strong>Central</strong> <strong>Queensland</strong> Univerity during this period.<br />
2011 <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
Position<br />
Vice-Chancellor and President<br />
1 January to 31 December 2011<br />
Deputy Vice-Chancellor (Academic and<br />
Research)<br />
1 January to 31 December 2011<br />
Deputy Vice-Chancellor (Development)<br />
1 January to 31 December 2011<br />
Deputy Vice-Chancellor (International)<br />
1 January to 31 December 2011 *<br />
Deputy Vice-Chancellor (<strong>University</strong><br />
Services)<br />
1 January to 31 December 2011<br />
Deputy Vice-Chancellor (Industry &<br />
VET)<br />
2 May to 31 December 2011<br />
Short Term<br />
Employee Benefits<br />
Base<br />
$'000<br />
Non-<br />
Monetary<br />
Benefits<br />
$'000<br />
Long Term<br />
Employee<br />
Benefits<br />
Post<br />
Employment<br />
Benefits<br />
Termination<br />
Benefits<br />
Total<br />
Remuneration<br />
$'000 $'000 $'000 $'000<br />
427 38 10 67 - 541<br />
270 24 8 47 - 349<br />
273 25 7 45 - 350<br />
279 21 7 47 - 354<br />
198 11 4 31 - 244<br />
-
54<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(e) Remuneration of Key Executive Management Personnel (continued)<br />
Pro Vice-Chancellor and Executive<br />
Dean (Faculty of Arts, Business,<br />
Informatics and Education & Head of<br />
Campus, Noosa)<br />
1 January to 31 December 2011<br />
Pro Vice-Chancellor and Executive<br />
Dean (Faculty of Sciences,<br />
Engineering and Health)<br />
1 January to 31 December 2011<br />
232 18 9 30 - 289<br />
225 - 6 36 - 267<br />
Chief Financial Officer<br />
1 January to 31 December 2011<br />
217 21 13 36 - 287<br />
<strong>University</strong> Secretary & Director, Office<br />
of the Vice-Chancellor and President<br />
1 January to 31 December 2011<br />
178 17 8 32 - 235<br />
2,299 174 72 371 - 2,917<br />
* The Deputy Vice-Chancellor (International) is the Chief Executive Officer of C Management Services Pty Ltd and is paid<br />
by that company.<br />
2011 C Management Services Pty Ltd<br />
Position<br />
Chief Executive Officer<br />
1 January to 31 December 2011<br />
Chief Financial Officer / Company<br />
Secretary<br />
1 January to 31 December 2011<br />
General Manager Academic Programs<br />
and Development<br />
1 January to 31 December 2011<br />
General Manager Marketing and<br />
Recruitment<br />
1 January to 31 December 2011<br />
Short Term<br />
Employee Benefits<br />
Base<br />
$'000<br />
Non-<br />
Monetary<br />
Benefits<br />
$'000<br />
Long Term<br />
Employee<br />
Benefits<br />
Post<br />
Employment<br />
Benefits<br />
Termination<br />
Benefits<br />
Total<br />
Remuneration<br />
$'000 $'000 $'000 $'000<br />
377 36 16 33 - 462<br />
317 22 18 28 - 385<br />
201 - 13 18 - 232<br />
144 - 1 12 - 157<br />
General Manager Human Resources<br />
1 January to 31 December 2011<br />
148 - 2 13 - 163<br />
1,187 58 50 106 - 1,399
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(e) Remuneration of Key Executive Management Personnel (continued)<br />
Performance payments<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
Position<br />
Vice-Chancellor and President<br />
Date Paid<br />
01-Jun-12<br />
25-Feb-11<br />
Amount and basis for payment<br />
$35,150 - The cash performance bonus was calculated by reference to<br />
the outcome of the Vice-Chancellor and President's performance<br />
appraisal. The bonus paid equated to 100% of the maximum bonus<br />
payable and attracted a 9% employer superannuation contribution.<br />
$37,000 - The cash performance bonus was calculated by reference to<br />
the outcome of the Vice-Chancellor and President's performance<br />
appraisal. The bonus paid equated to 100% of the maximum bonus<br />
payable and attracted a 9% employer superannuation contribution.<br />
55<br />
ANNUAL FINANCIAL STATEMENTS
56<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 32. Key Management personnel and remuneration (continued)<br />
(e) Remuneration of Key Executive Management Personnel (continued)<br />
Consolidated<br />
Parent Entity<br />
2012 2011 2012 2011<br />
No. No. No. No.<br />
Nil - $14,999 - - 1 1<br />
$30,000 - $44,999 1 - - 0<br />
$60,000 - $74,999 1 - 1 0<br />
$75,000 - $89,999 1 - - -<br />
$120,000 - $134,999 1 - - -<br />
$135,000 - $149,000 1 - - -<br />
$150,000 - $164,999 1 2 1 -<br />
$180,000 - $194,999 1 - - -<br />
$225,000 - $239,999 1 2 1 1<br />
$240,000 - $254,999 2 1 1 1<br />
$255,000 - $269,999 - 1 - 1<br />
$285,000 - $299,999 1 2 1 2<br />
$315,000 - $329,999 1 - 1 -<br />
$330,000 - $344,999 1 - 1 -<br />
$345,000 - $359,999 - 3 - 3<br />
$375,000 - $389,999 1 1 1 -<br />
$450,000 - $464,999 - 1 - -<br />
$540,000 - $554,999 - 1 - 1<br />
$555,000 - $569,999 1 - 1 -<br />
$585,000 - $599,999 1 - - -<br />
$690,000 - $704,999 1 - - -<br />
$765,000 - $779,999 1 - 1 -<br />
These figures represent all payments, including superannuation contributions and package expenses paid by the<br />
<strong>University</strong>.
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 33. Remuneration of auditors<br />
Assurance Services<br />
1. Audit Services<br />
Fees paid to the Auditor General of <strong>Queensland</strong>:<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent Entity<br />
2012 2011 2012 2011<br />
$ $ $ $<br />
During the year the following fees were paid for services provided by the auditor of the parent entity and its controlled entities.<br />
Audit and review of financial reports under the Financial<br />
Accountability Act 2009<br />
359,868 367,300 209,500 243,600<br />
Total remuneration for audit services 359,868 367,300 209,500 243,600<br />
57<br />
ANNUAL FINANCIAL STATEMENTS<br />
Note 34. Contingencies<br />
Contingent Liabilities<br />
(a) Consultation with the <strong>University</strong>'s staff and insurers has indicated one (1) pending issue which may result in a claim<br />
against the <strong>University</strong>. This relates to a possible employment claim. It is difficult to quantify the financial impact of this<br />
potential claim, as the amount payable for this claim, if any, would be reduced by any payout received from the<br />
<strong>University</strong>'s insurers. No material amount is expected to be paid in relation to this matter as at 31 December 2012.<br />
(b) The <strong>University</strong> has provided a bank guarantee from the Commonwealth Bank of Australia for $2,000,000 in 2012 in<br />
relation to a building lease for 333 Kent Street, Sydney and a further $30,701 for other entities.<br />
(c) The <strong>University</strong> has provided a bank guarantee from the Commonwealth Bank of Australia for $22,500 in 2012 in<br />
relation to an overseas based research project.
58<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 35. Commitments<br />
(a) Capital commitments<br />
Capital expenditure contracted for at the reporting date but not recognised as liabilities is as follows:<br />
Consolidated<br />
Parent Entity<br />
Notes 2012 2011 2012 2011<br />
Property, Plant and Equipment $'000 $'000 $'000 $'000<br />
Payable:<br />
Within one year 6,386 9,662 6,386 9,662<br />
Total capital commitments 6,386 9,662 6,386 9,662<br />
(b) Lease commitments<br />
Operating leases<br />
Commitments in relation to non-property leases contracted for at the reporting date but not recognised as liabilities:<br />
Payable<br />
Within one year 633 197 534 148<br />
Later than one year but not later than five years 1,585 249 1,395 209<br />
2,218 446 1,929 357<br />
The consolidated entity leases plant and equipment under non-cancellable operating leases expiring from 1 to 5 years.<br />
There are no provisions for contingent rentals within the existing operating leases.<br />
There are no provisions within the agreements for additional debt.<br />
Commitments for operating leases for Australian International Campus buildings in existence at the reporting date but not<br />
recognised as liabilities:<br />
Payable<br />
Within one year 18,766 20,018 18,766 20,018<br />
Later than one year but not later than five years 83,085 97,085 83,085 97,085<br />
Later than five years 37,285 18,803 37,285 18,803<br />
139,136 135,906 139,136 135,906<br />
Receivable<br />
Within one year 4,204 1,044 4,204 1,044<br />
Later than one year but not later than five years 15,968 310 15,968 310<br />
20,172 1,354 20,172 1,354<br />
Total operating lease commitments 118,964 134,552 118,964 134,552<br />
(c) Other expenditure commitments<br />
Payable<br />
Within one year 311 446 311 446<br />
Total other expenditure commitments 311 446 311 446
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 36. Related Parties<br />
(a)<br />
(b)<br />
(c)<br />
Parent entity<br />
The parent entity is <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> which at 31 December 2012 owns 100% (2011: 100%) of C Management<br />
Services Pty Ltd, CQU Travel Centre Pty Ltd and Australian International Campuses Pty Ltd. During 2012 <strong>Central</strong> <strong>Queensland</strong><br />
<strong>University</strong> purchased Health Train Education Services Pty Ltd and owns 100% of the issued share capital. <strong>Central</strong> <strong>Queensland</strong><br />
<strong>University</strong> also has a 51% share holding in CQU Institute of Higher Learning Pte Ltd located in Singapore.<br />
Subsidiaries<br />
Interests in subsidiaries are set out in Note 38.<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Key management personnel<br />
Disclosures relating to directors and specified executives are set out in Note 32.<br />
59<br />
ANNUAL FINANCIAL STATEMENTS<br />
(d)<br />
Transactions with related parties<br />
The following transactions occurred with related parties:<br />
Consolidated<br />
Parent<br />
2012 2011 2012 2011<br />
$ $ $ $<br />
Revenue received from controlled entities<br />
Management fee - - 1,290,909 9,049,986<br />
Trust distribution - - - 1,000,000<br />
Dividends - - - 20,000<br />
General - - 856,738 1,169,350<br />
Expenses paid to controlled entities<br />
Management fee - - 40,969,331 49,541,522<br />
Commission - - 86,996 58,426<br />
Booking fee - - 228,000 228,000<br />
General - - 1,302,569 2,896,886<br />
Subsidy - - 180,000 -<br />
(e)<br />
Outstanding balances<br />
The following balances are outstanding at the reporting date in<br />
relation to transactions with related parties:<br />
Current Receivables<br />
Controlled entities (Trade receivable) - - 209,863 586,055<br />
Controlled entities ( Prepaid management fees) - - 4,552,814 7,452,534<br />
Non-current receivables<br />
Associates 84,799 84,799 - -<br />
Current payables<br />
Controlled entities - - 1,117,464 2,255,905<br />
(f)<br />
(g)<br />
Guarantees<br />
No guarantees have been granted in relation to any related party.<br />
Terms and conditions<br />
All transactions were made on normal commercial terms and conditions and at market rates.
60<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 37. Business combinations<br />
(a) Summary of acquisition<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> acquired Health Train Education Services Pty Ltd on 1 June 2012 and is a wholly owned<br />
subsidiary of the university. Health Train Education Services Pty Ltd is a registered training organisation registered under the<br />
national regulator Australian Skills Quality Authority (ASQA).<br />
Health Train Education Services Pty Ltd applied to the Australian Taxation Office for a substituted accounting period which<br />
was approved on 13 December 2012. Consequently the comparative figures for the business combination are for the<br />
financial year 1 July 2011 to 30 June 2012, with the current reporting period being 1 July to 31 December 2012.<br />
Details of the fair value of the assets and liabilities acquired and goodwill are as follows:<br />
$'000<br />
Purchase consideration (refer to (b) below): 778<br />
Contingent consideration -<br />
Total purchase consideration 778<br />
Fair value of net identifiable assets acquired (refer to (d) below) 405<br />
Goodwill (refer to (d) below and Note 26) 373<br />
(b) Purchase consideration<br />
Consolidated<br />
Parent Entity<br />
2012 2011<br />
Jul to<br />
Dec 12 2012<br />
$'000 $'000 $'000 $'000<br />
Outflow of cash to acquire subsidiary, net of cash acquired<br />
Cash consideration - - 783 -<br />
Less: Balance acquired cash - - (5)<br />
Outflow of cash - - 778 -<br />
(c)<br />
Operating result<br />
Net operating result for the period 70 123<br />
Net operating result since acquisition date (1 Jun to 31 Dec 2012) (24)<br />
(d) Assets acquired and liabilities assumed<br />
The assets and liabilities arising from the acquisition are as follows:<br />
Acquiree's<br />
carrying Fair value<br />
amount<br />
$'000 $'000<br />
Current assets<br />
Receivables 264 264<br />
264 264<br />
Non-current assets<br />
Leasehold improvements 255 255<br />
Property, Plant and Equipment 35 35<br />
290 290<br />
554 554<br />
Current liabilities<br />
Provisions 149 149<br />
149 149<br />
Net assets 405 405<br />
Net identifiable assets acquired 405 405<br />
Goodwill arising on acquisition 373 373<br />
55<br />
778 778
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 38. Subsidiaries<br />
Name of entity and principal activities<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiaries in accordance with the<br />
accounting policy described in note 1(b):<br />
CQU Travel Centre Pty Ltd<br />
The principal activity of the Company during the financial year was a<br />
licenced international travel agency and provider of educational travel in<br />
Australia.<br />
Country of<br />
incorporation<br />
Class of<br />
shares<br />
Equity holding<br />
2012 2011<br />
% %<br />
Australia Ord 100 100<br />
61<br />
ANNUAL FINANCIAL STATEMENTS<br />
Australian International Campuses Pty Ltd<br />
The principal activity of the Company is to act as "Trustee" for the<br />
Australian International Campuses Trust.<br />
Australia Ord 100 100<br />
Australian International Campuses Trust<br />
The trust was established for the benefit of the Unitholder being, <strong>Central</strong><br />
<strong>Queensland</strong> <strong>University</strong>, to hold in trust the shareholdings in the<br />
companies that run the <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> Australian<br />
International Campuses.<br />
Australia N/A 100 100<br />
C Management Services Pty Ltd<br />
The principal activity of the Company during the financial year was<br />
delivering <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> academic product to<br />
international students at the Sydney, Melbourne, Brisbane and Gold<br />
Coast international campuses.<br />
Australia Ord 100 100<br />
Mask-Ed International Pty Ltd<br />
Mask-Ed was established for the purpose of commercialising Intellectual<br />
Property developed by a member of staff. The company was<br />
incorporated during 2011. It has not yet commenced commercial<br />
operations but it is intended that this will occur during 2013.<br />
Australia Ord 100 100<br />
Health Train Education Services Pty Ltd<br />
The principal activity of the Company during the financial year was<br />
delivering health services related training to students throughout Victoria.<br />
Australia Ord 100 -<br />
CQU Institute of Higher Learning Pte Ltd<br />
The principal activity of the Company during the financial year was<br />
delivering <strong>Central</strong> <strong>Queensland</strong> <strong>University</strong> academic product to<br />
international students at the Singapore international campus.<br />
Singapore Ord 51 -<br />
Note 39. Events occurring after the balance sheet date<br />
There are no matters which have arisen subsequent to year end that significantly impact upon the operations of the <strong>University</strong>.
62<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the financial statements<br />
for the year ended 31 December 2012<br />
Consolidated<br />
Parent<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Note 40. Reconciliation of operating result after income<br />
tax to net cash inflow from operating activities<br />
Operating result for the year (26,084) (3,277) (24,636) (2,942)<br />
Depreciation and amortisation 11 14,327 13,038 13,583 12,239<br />
Investment fees/expenditure 143 151 143 151<br />
Investment distributions reinvested (1,613) (3,240) (1,613) (3,240)<br />
Inputation credits (175) - (175) -<br />
Revaluation decrement/(increment) - (350) - (350)<br />
Fair value (gain)/loss on valuation of assets - (8,081) - (8,081)<br />
Net (gain)/loss on sale of investment property - 576 - 576<br />
Net (gain)/loss on sale of non-current assets 42 77 29 53<br />
Net exchange differences (4) - (4) -<br />
Share of profits of associates and joint venture partnership not<br />
received as dividends or distributions 59 (41) - -<br />
Change in operating assets and liabilities, net of effects from<br />
purchase of controlled entity<br />
Decrease/(Increase) in trade debtors 1,110 (3,107) 1,917 (3,061)<br />
Decrease/(Increase) in inventories (318) (33) (318) (33)<br />
Decrease/(Increase) in income tax receivable (367) 132 - -<br />
Decrease/(Increase) in deferred tax asset (386) (250) - -<br />
Decrease/(Increase) in other operating assets (845) (270) 1,926 (515)<br />
Increase/(decrease) in trade creditors 234 (7,664) (14) (6,729)<br />
Increase/(decrease) in other operating liabilities (1,510) 2,227 (1,023) 2,256<br />
Increase/(decrease) in other provisions 2,152 665 2,487 6<br />
Net cash inflow (outflow) from operating activities (13,235) (9,447) (7,698) (9,670)<br />
Credit standby arrangements<br />
Total facilities<br />
<strong>Queensland</strong> Treasury Corporation 42,650 43,800 42,650 43,800<br />
Used at balance date - - - -<br />
Unused at balance date 42,650 43,800 42,650 43,800
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 41. Financial risk management<br />
The consolidated entity's activities expose it to a variety of financial risks, as follows:<br />
(a)<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Market risk<br />
(i) Foreign exchange risk<br />
Foreign currency risk arises when commercial transactions and recognised assets and liabilities are denominated in a<br />
currency that is not the entity's functional currency. The consolidated entity operates internationally and is exposed to<br />
foreign exchange risk arising from currency exposure to the Fijian and Singapore dollar.<br />
Fees charged to overseas students are generally denominated in Australian dollars.<br />
The consolidated entity manages foreign currency risk by maintaining sufficient cash balances in these currencies to<br />
meet offshore purchases.<br />
63<br />
ANNUAL FINANCIAL STATEMENTS<br />
(ii) Equity market risk<br />
Equity market risk arises when the value of an investment decreases due to moves in market factors. In accordance<br />
with the accounting policy discussed in note 1(l), these investments are measured at fair value at each balance date and<br />
changes in fair value are recognised in equity.<br />
The consolidated entity negates equity risk as it holds no investments in an active market.<br />
(iii) Interest rate risk<br />
Interest rate risk is the risk (variability in value) borne by an interest-bearing asset due to the variability of interest rates.<br />
The consolidated entity minimises its exposure to fluctuating market interest rates by diversifying its investments in both<br />
cash and short term funding with <strong>Queensland</strong> Treasury Corporation (QTC). It regularly reviews its investments and<br />
markets to obtain best interest rates. The entity does not have any borrowings which are subject to interest rate risk.<br />
Summarised sensitivity analysis<br />
Consolidated<br />
An increase in interest rates of 100 basis points (1%) would have increased the Group profit before tax and Equity by<br />
$182,000 (2011: $442,000). A decrease of 100 basis points (1%) would have decreased the Group profit before tax and<br />
Equity by an equivalent amount.<br />
An increase in the foreign exchange rate of 10% would have decreased the Group profit before tax and Equity by $Nil<br />
(2011:$Nil). A decrease of 10% would have increased the Group profit before tax and Equity by an equivalent amount.<br />
Parent<br />
An increase in interest rates of 100 basis points (1%) would have increased the Parent profit before tax and Equity by<br />
$81,000 (2011: $294,000). A decrease of 100 basis points (1%) would have decreased the Parent profit before tax and<br />
Equity by an equivalent amount.<br />
An increase in the foreign exchange rate of 10% would have decreased the Parent profit before tax and Equity by $Nil<br />
(2011:$Nil). A decrease of 10% would have increased the Parent profit before tax and Equity by an equivalent amount.<br />
(b) Credit risk<br />
Credit risk arises from the potential failure of students, other customers and other contractual counterparties to meet<br />
their obligations under the respective contracts. The consolidated entity has a Collections Policy in place to manage the<br />
collection of accounts receivable. A provision for impaired receivables has been established.<br />
Detailed information on the consolidated groups' impaired receivables is contained in Note 18.
64<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 41. Financial risk management (continued)<br />
(c) Liquidity risk<br />
The following tables summarise the maturity of the Group's financial assets and liabilities along with the effective weighted average<br />
interest rate by maturity periods.<br />
2012<br />
Consolidated<br />
Financial assets<br />
Cash and cash<br />
equivalents<br />
Receivables<br />
Available for sale<br />
financial assets<br />
Unlisted shares<br />
Floating<br />
interest<br />
rate<br />
Fixed interest maturing in:<br />
1 year or<br />
less<br />
Over 1 to<br />
2 years<br />
Over 2 to<br />
3 years<br />
Over 3 to<br />
4 years<br />
Over 4 to<br />
5 years<br />
Over 5<br />
years<br />
Noninterest<br />
bearing<br />
Total<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
Weighted<br />
average<br />
interest<br />
rate<br />
18,205 - - - - - - 45 18,250 2.70%<br />
- - - - - - - 10,987 10,987 0.00%<br />
- - - - - - - 30,886 30,886 0.00%<br />
- - - - - - - 1,813 1,813 0.00%<br />
18,205 - - - - - - 43,731 61,936<br />
Financial liabilities<br />
Payables<br />
Provisions<br />
Net financial assets<br />
(liabilities)<br />
2011<br />
Financial assets<br />
Cash and cash<br />
equivalents<br />
Receivables<br />
Available for sale<br />
financial assets<br />
Unlisted shares<br />
Financial liabilities<br />
Payables<br />
Provisions<br />
Net financial assets<br />
(liabilities)<br />
- - - - - - - 9,948 9,948 0.00%<br />
- - - - - - - 35,133 35,133 0.00%<br />
- - - - - - - 45,081 45,081<br />
18,205 - - - - - - (1,350) 16,855<br />
Floating<br />
interest<br />
rate<br />
Fixed interest maturing in:<br />
1 year or<br />
less<br />
Over 1 to<br />
2 years<br />
Over 2 to<br />
3 years<br />
Over 3 to<br />
4 years<br />
Over 4 to<br />
5 years<br />
Over 5<br />
years<br />
Noninterest<br />
bearing<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
44,244 - - - - - - 42 44,286 3.60%<br />
- - - - - - - 11,265 11,265 0.00%<br />
- - - - - - - 35,500 35,500 0.00%<br />
- - - - - - - 1,553 1,553 0.00%<br />
44,244 - - - - - - 48,360 92,604<br />
- - - - - - - 9,475 9,475 0.00%<br />
- - - - - - - 31,831 31,831 0.00%<br />
- - - - - - - 41,306 41,306<br />
44,244 - - - - - - 7,054 51,298<br />
Total<br />
Weighted<br />
average<br />
interest<br />
rate
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 41. Financial risk management (continued)<br />
(c) Liquidity risk (continued)<br />
2012<br />
Parent<br />
Financial assets<br />
Cash and cash<br />
equivalents<br />
Receivables<br />
Available for sale<br />
financial assets<br />
Unlisted shares<br />
Floating<br />
interest<br />
rate<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Fixed interest maturing in:<br />
1 year or<br />
less<br />
Over 1 to<br />
2 years<br />
Over 2 to<br />
3 years<br />
Over 3 to<br />
4 years<br />
Over 4 to<br />
5 years<br />
Over 5<br />
years<br />
Noninterest<br />
bearing<br />
Total<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
Weighted<br />
average<br />
interest<br />
rate<br />
8,137 - - - - - - 33 8,170 1.60%<br />
- - - - - - - 14,487 14,487 0.00%<br />
- - - - - - - 30,886 30,886 0.00%<br />
- - - - - - - 2,750 2,750 0.00%<br />
8,137 - - - - - - 48,156 56,293<br />
65<br />
ANNUAL FINANCIAL STATEMENTS<br />
Financial liabilities<br />
Payables<br />
Provisions<br />
Net financial assets<br />
(liabilities)<br />
2011<br />
Financial assets<br />
Cash and cash<br />
equivalents<br />
Receivables<br />
Available for sale<br />
financial assets<br />
Unlisted shares<br />
Financial liabilities<br />
Payables<br />
Provisions<br />
Net financial assets<br />
(liabilities)<br />
- - - - - - - 8,422 8,422 0.00%<br />
- - - - - - - 30,968 30,968 0.00%<br />
- - - - - - - 39,390 39,390<br />
8,137 - - - - - - 8,766 16,903<br />
Floating<br />
interest<br />
rate<br />
Fixed interest maturing in:<br />
1 year or<br />
less<br />
Over 1 to<br />
2 years<br />
Over 2 to<br />
3 years<br />
Over 3 to<br />
4 years<br />
Over 4 to<br />
5 years<br />
Over 5<br />
years<br />
Noninterest<br />
bearing<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
29,476 - - - - - - 36 29,512 1.90%<br />
- - - - - - - 18,340 18,340 0.00%<br />
- - - - - - - 35,500 35,500 0.00%<br />
- - - - - - - 1,955 1,955 0.00%<br />
29,476 - - - - - - 55,831 85,307<br />
- - - - - - - 8,197 8,197 0.00%<br />
- - - - - - - 27,366 27,366 0.00%<br />
- - - - - - - 35,563 35,563<br />
29,476 - - - - - - 20,268 49,744<br />
Total<br />
Weighted<br />
average<br />
interest<br />
rate
66<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 41. Financial risk management (continued)<br />
(d) Fair value of financial assets and liabilities<br />
The fair value of financial assets and financial liabilities must be estimated for recognition and measurement or for disclosure<br />
purposes.<br />
The fair value of financial instruments traded in active markets (such as publicly traded derivatives, and trading and available-forsale<br />
securities) is based on quoted market prices at the balance sheet date. The quoted market price used for financial assets<br />
held by the Group is the current bid price.<br />
For those financial instruments not traded in active markets other valuaiton techniques are applied as disclosed in Note 21.<br />
The carrying value less impairment provision of trade receivables and payables is a resonable approximation of their fair values<br />
due to the short-term nature of trade receivables. The fair value of financial liabilities for disclosure purposes is estimated by<br />
discounting the future contractual cash flows at the current market interest rate that is available to the Group for similar financial<br />
instruments.<br />
Due to the short-term nature of the current receivables, their carrying value is assumed to approximate their fair value and based<br />
on credit history it is expected that the receivables that are neither past due nor impaired will be received when due.<br />
The carrying amounts and net fair values of financial assets and liabilities at balance date are:<br />
Consolidated<br />
On-balance sheet financial<br />
instruments<br />
Notes<br />
2012 2011<br />
Carrying amount Fair value Carrying amount Fair value<br />
$'000 $'000 $'000 $'000<br />
Financial assets<br />
Non-Traded financial assets<br />
Cash assets 17<br />
18,250 18,250 44,286 44,286<br />
Receivables<br />
Available for sale<br />
18<br />
10,987 10,987 11,265 11,265<br />
financial assets 21<br />
30,886 30,886 35,500 35,500<br />
Unlisted shares 21<br />
1,813 1,813 1,553 1,553<br />
61,936 61,936 92,604 92,604<br />
Financial liabilities<br />
Non-Traded financial liabilities<br />
Payables 28<br />
Provisions 29<br />
9,948 9,948 9,475 9,475<br />
35,133 35,133 31,831 31,831<br />
45,081 45,081 41,306 41,306<br />
Parent<br />
On-balance sheet financial<br />
instruments<br />
Notes<br />
2012 2011<br />
Carrying amount Fair value Carrying amount Fair value<br />
$'000 $'000 $'000 $'000<br />
Financial assets<br />
Non-Traded financial assets<br />
Cash assets 17<br />
Receivables 18<br />
Available for sale<br />
21<br />
Unlisted shares 21<br />
8,170 8,170 29,512 29,512<br />
14,487 14,487 18,340 18,340<br />
financial assets 30,886 30,886 35,500 35,500<br />
2,750 2,750 1,955 1,955<br />
56,293 56,293 85,307 85,307<br />
Financial liabilities<br />
Non-Traded financial liabilities<br />
Payables 28<br />
8,422 8,422 8,197 8,197<br />
Provisions 29 30,968 30,968 27,366 27,366<br />
39,390 39,390 35,563 35,563
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 41. Financial risk management (continued)<br />
(d) Fair value of financial assets and liabilities (continued)<br />
Consolidated<br />
Notes<br />
Financial assets<br />
Non-traded financial assets<br />
Available for sale financial assets 21<br />
Unlisted shares 21<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Fair value measurements recognised in the balance sheet are categorised into the following fair value<br />
hierarchy that reflects the significance of the inputs used in making these measurements:<br />
Level 1 - fair values that reflect unadjusted quoted prices in active markets for identical assets/liabilities;<br />
Level 2 - fair values that are based on inputs that are directly or indirectly observable for the asset/liability (other than unadjusted<br />
quoted prices); and<br />
Level 3 - fair values that are derived from data not observable in a market.<br />
31 Dec 2012 Level 1 Level 2 Level 3<br />
$'000 $'000 $'000 $'000<br />
30,886 30,886 - -<br />
1,813 - - 1,813<br />
32,699 30,886 - 1,813<br />
67<br />
ANNUAL FINANCIAL STATEMENTS<br />
Notes<br />
Financial assets<br />
Non-traded financial assets<br />
Available for sale financial assets 21<br />
Unlisted shares 21<br />
31 Dec 2011 Level 1 Level 2 Level 3<br />
$'000 $'000 $'000 $'000<br />
35,500 35,500 - -<br />
1,553 - - 1,553<br />
37,053 35,500 - 1,553<br />
Parent<br />
Notes<br />
Financial assets<br />
Non-traded financial assets<br />
Available for sale financial assets 21<br />
Unlisted shares 21<br />
31 Dec 2012 Level 1 Level 2 Level 3<br />
$000 $000 $000 $000<br />
30,886 30,886 - -<br />
2,750 - - 2,750<br />
33,636 30,886 - 2,750<br />
Notes<br />
Financial assets<br />
Non-traded financial assets<br />
Available for sale financial assets 21<br />
Unlisted shares 21<br />
31 Dec 2011 Level 1 Level 2 Level 3<br />
$'000 $'000 $'000 $'000<br />
35,500 35,500 - -<br />
1,553 - - 1,553<br />
37,053 35,500 - 1,553<br />
Reconciliation of movements of financial assets categorised as level 3 has been disclosed in Note 21 - Available for sale financial<br />
assets.
68<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 41. Financial risk management (continued)<br />
(e) Reconciliation of Financial Assets categorised as level 3:<br />
Consolidated<br />
Level 3 Financial Assets 2012<br />
Investments using<br />
the equity method Unlisted shares Total<br />
$'000 $'000 $'000<br />
Opening balance<br />
Total gains/(losses)<br />
In profit or loss<br />
-<br />
-<br />
1,553<br />
-<br />
1,553<br />
-<br />
In other comprehensive income - 260 260<br />
Purchases<br />
Sales<br />
Transfers out of Level 3<br />
Closing balance<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
1,813<br />
-<br />
-<br />
-<br />
1,813<br />
Parent<br />
Level 3 Financial Assets 2012<br />
Investments using<br />
the equity method Unlisted shares Total<br />
$'000 $'000 $'000<br />
Opening balance<br />
- 1,955 1,955<br />
Total gains/(losses)<br />
In profit or loss - - -<br />
In other comprehensive income - (110) (110)<br />
Purchases<br />
- 905 905<br />
Sales<br />
- - -<br />
Transfers out of Level 3<br />
- - -<br />
Closing balance<br />
- 2,750 2,750
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Note 41. Financial risk management (continued)<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
(e) Reconciliation of Financial Assets categorised as level 3 (continued):<br />
Consolidated<br />
Level 3 Financial Assets 2011<br />
Investments using<br />
the equity method Unlisted shares Total<br />
$'000 $'000 $'000<br />
Opening balance<br />
Total gains/(losses)<br />
In profit or loss<br />
-<br />
-<br />
1,559<br />
-<br />
1,559<br />
-<br />
In other comprehensive income - (6) (6)<br />
Purchases<br />
Sales<br />
Transfers out of Level 3<br />
Closing balance<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
-<br />
1,553<br />
-<br />
-<br />
-<br />
1,553<br />
69<br />
ANNUAL FINANCIAL STATEMENTS<br />
Parent<br />
Level 3 Financial Assets 2011<br />
Investments using<br />
the equity method Unlisted shares Total<br />
$'000 $'000 $'000<br />
Opening balance<br />
- 1,938 1,938<br />
Total gains/(losses)<br />
In profit or loss - - -<br />
In other comprehensive income - 17 17<br />
Purchases<br />
- - -<br />
Sales<br />
- - -<br />
Transfers out of Level 3<br />
- - -<br />
Closing balance<br />
- 1,955 1,955
70<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance<br />
42.1 DIISRTE - CGS and Other DIISRTE Grants<br />
Parent entity<br />
Commonwealth<br />
Grants Scheme<br />
Indigenous<br />
Support Program<br />
Partnership &<br />
Participation<br />
Program<br />
Disability Support<br />
Program<br />
Workplace<br />
Productivity<br />
Program<br />
Learning &<br />
Teaching<br />
Performance Fund<br />
Notes 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) 76,251 65,286 814 814 1,899 2,762 24 37 - - 265 -<br />
Net accrual adjustments 1,365 1,828 - - - - - - - - - -<br />
Revenue for the period 3(a) 77,616 67,114 814 814 1,899 2,762 24 37 - - 265 -<br />
Surplus/(Deficit) from the previous year - - - - 1,484 1,310 - - - 55 80 608<br />
Total revenue including accrued revenue 77,616 67,114 814 814 3,383 4,072 24 37 - 55 345 608<br />
Less expenses including accrued expenses (77,616) (67,114) (814) (814) (3,383) (2,588) - (37) - (55) (64) (528)<br />
Surplus/(Deficit) for reporting period - - - - - 1,484 24 - - - 281 80
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
71<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.1 DIISRTE - CGS and Other DIISRTE Grants<br />
Diversity and<br />
Structural<br />
Adjustment Fund<br />
Transitional Cost<br />
Program<br />
Total<br />
Notes 2012 2011 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) - 686 161 203 79,414 69,788<br />
Net accrual adjustments - - - - 1,365 1,828<br />
Revenue for the period 3(a) - 686 161 203 80,779 71,616<br />
Surplus/(Deficit) from the previous year 521 521 - - 2,085 2,494<br />
Total revenue including accrued revenue 521 1,207 161 203 82,864 74,110<br />
Less expenses including accrued expenses (521) (686) (161) (203) (82,559) (72,025)<br />
Surplus/(Deficit) for reporting period - 521 - - 305 2,085<br />
Parent entity<br />
ANNUAL FINANCIAL STATEMENTS
72<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.2 Higher Education Loan Programs (excl OS-HELP)<br />
HECS-HELP<br />
(Australian<br />
Government<br />
payments only)<br />
FEE-HELP SA-HELP Total<br />
Notes 2012 2011 2012 2011 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) 36,894 28,023 2,686 2,008 1,318 - 40,898 30,031<br />
Net accrual adjustments 33 1,420 - - - - 33 1,420<br />
Revenue for the period 3(b) 36,927 29,443 2,686 2,008 1,318 - 40,931 31,451<br />
Surplus/(Deficit) from the previous year - - (229) 169 - - (229) 169<br />
Total revenue including accrued revenue 36,927 29,443 2,457 2,177 1,318 - 40,702 31,620<br />
Less expenses including accrued expenses (36,927) (29,443) (3,019) (2,406) (1,318) - (41,264) (31,849)<br />
Surplus/(Deficit) for reporting period - - (562) (229) - - (562) (229)<br />
Parent entity
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
73<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.3 Scholarships<br />
Parent entity<br />
Australian<br />
Postgraduate<br />
Awards<br />
International<br />
Postgraduate<br />
Research<br />
Scholarships<br />
Commonwealth<br />
Education Costs<br />
Scholarships<br />
Commonwealth<br />
Accommodation<br />
Scholarships<br />
Indigenous Access<br />
Scholarhips<br />
Total<br />
Notes 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) 799 682 64 62 908 (461) 48 197 90 (54) 1,909 426<br />
Net accrual adjustment - - - - - 1,443 - 139 - - - 1,582<br />
Revenue for the period 3(c) 799 682 64 62 908 982 48 336 90 (54) 1,909 2,008<br />
Surplus/(Deficit) from the previous year 7 8 9 1 245 109 86 2 - 119 347 239<br />
Total revenue including accrued revenue 806 690 73 63 1,153 1,091 134 338 90 65 2,256 2,247<br />
Less expenses including accrued expenses (799) (683) (70) (54) (261) (846) (64) (252) (90) (65) (1,285) (1,900)<br />
Surplus/(Deficit) for reporting period 7 7 3 9 892 245 69 86 - - 971 347<br />
ANNUAL FINANCIAL STATEMENTS
74<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.4 DIISRTE Research<br />
Joint Research<br />
Engagement<br />
Research Training<br />
Scheme<br />
Research<br />
Infrastructure<br />
Block Grants<br />
Commercialisation<br />
Training Scheme<br />
Notes 2012 2011 2012 2011 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) 1,284 1,291 2,209 2,240 212 210 - -<br />
Net accrual adjustments - - - - - - - -<br />
Revenue for the period 3(d) 1,284 1,291 2,209 2,240 212 210 - -<br />
Surplus/(Deficit) from the previous year - - - - 50 78 - 22<br />
Total revenue including accrued revenue 1,284 1,291 2,209 2,240 262 288 - 22<br />
Less expenses including accrued expenses (1,284) (1,291) (2,209) (2,240) (228) (238) - (22)<br />
Surplus/(Deficit) for reporting period - - - - 34 50 - -<br />
Parent entity
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
Parent entity<br />
75<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.4 DIISRTE Research (continued)<br />
Sustainable<br />
Research<br />
Excellence in<br />
Universities<br />
Total<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) 323 237 4,028 3,978<br />
Net accrual adjustments - - - -<br />
Revenue for the period 3(d) 323 237 4,028 3,978<br />
Surplus/(Deficit) from the previous year 92 157 142 257<br />
Total revenue including accrued revenue 415 394 4,170 4,235<br />
Less expenses including accrued expenses (382) (302) (4,103) (4,093)<br />
Surplus/(Deficit) for reporting period 33 92 67 142<br />
ANNUAL FINANCIAL STATEMENTS
76<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.5 Voluntary Student Unionism<br />
VSU Transition<br />
Fund<br />
Total<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) - - - -<br />
Net accrual adjustments - - - -<br />
Revenue for the period - - - -<br />
Surplus/(Deficit) from the previous year 3 865 3 865<br />
Total revenue including accrued revenue 3 865 3 865<br />
Less expenses including accrued expenses - (862) - (862)<br />
Surplus/(Deficit) for reporting period 3 3 3 3<br />
Parent entity
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
77<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.6 Other Capital Funding<br />
Better Universities<br />
Renewal Fund<br />
Teaching and<br />
Learning Capital<br />
Fund<br />
Total<br />
Notes 2012 2011 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) - - - - - -<br />
Net accrual adjustments - - - - - -<br />
Revenue for the period - - - - - -<br />
Surplus/(Deficit) from the previous year - 1,613 - 6,057 - 7,670<br />
Total revenue including accrued revenue - 1,613 - 6,057 - 7,670<br />
Less expenses including accrued expenses - (1,613) - (6,057) - (7,670)<br />
Surplus/(Deficit) for reporting period - - - - - -<br />
Parent entity<br />
ANNUAL FINANCIAL STATEMENTS
78<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.7 Australian Research Council Grants<br />
(i) Discovery<br />
Projects Total<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) 244 83 244 83<br />
Net accrual adjustment - - - -<br />
Revenue for the period 3(e)(i) 244 83 244 83<br />
Surplus/(Deficit) from the previous year 16 92 16 92<br />
Total revenue including accrued revenue 260 175 260 175<br />
Less expenses including accrued expenses (221) (159) (221) (159)<br />
Surplus/(Deficit) for reporting period 39 16 39 16<br />
Parent entity
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
79<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.7 Australian Research Council Grants (continued)<br />
(ii) Linkages<br />
Projects Total<br />
Notes 2012 2011 2012 2011<br />
$'000 $'000 $'000 $'000<br />
Financial assistance received in cash during the reporting period<br />
(total cash received from the Australian Government for the<br />
Programs) 266 - 266 -<br />
Net accrual adjustment - - - -<br />
Revenue for the period 3(e)(ii) 266 - 266 -<br />
- -<br />
Surplus/(Deficit) from the previous year - 6 - 6<br />
Total revenue including accrued revenue 266 6 266 6<br />
Less expenses including accrued expenses (152) (6) (152) (6)<br />
Surplus/(Deficit) for reporting period 114 - 114 -<br />
Parent entity<br />
ANNUAL FINANCIAL STATEMENTS
80<br />
<strong>Central</strong> <strong>Queensland</strong> <strong>University</strong><br />
and Controlled Entities<br />
Notes to the Financial Statements<br />
for the year ended 31 December 2012<br />
Note 42. Acquittal of Australian Government financial assistance (continued)<br />
42.8 OS-HELP<br />
Notes 2012 2011<br />
$'000 $'000<br />
Cash Received during the reporting period 3 (g) 87 43<br />
Cash Spent during the reporting period 150 48<br />
Net Cash received (63) (5)<br />
Cash Surplus / (deficit) from the previous period 64 69<br />
Cash Surplus / (deficit) for the reporting period 1 64<br />
42.9 Student Services and amenities fee<br />
Unspent/(overspent) revenue from previous period<br />
SA-HELP revenue earned 3 (b) 1,318 -<br />
Students services fees direct from students 4 1,006 -<br />
Total revenue expendable in period 2,324 -<br />
Student services expenses during period (1,405) -<br />
Unspent/(overspent) student services revenue 919 -<br />
Parent entity
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
81<br />
ANNUAL FINANCIAL STATEMENTS
<strong>CQ<strong>University</strong></strong> ANNUAL REPORT 2012<br />
83<br />
ANNUAL FINANCIAL STATEMENTS