annual report/2006 - University of Melbourne

Notes to and forming part of the Financial Statements
Note 40 Investments In Subsidiaries
The current subsidiaries of the Group are outlined below. There were no changes to ownership during the year.
Name of Entity Principal Activities Country of
Incorporation
Class of
Shares
Ownership
Interest
Australian International
Health Institute
(University of Melbourne) Ltd
Undertake and provide research,
development, education, training,
consultancy and other activities in regard
to medical and related areas.
Australia
Fully Paid
Ordinary
Shares
100%
Australian Music Examinations
Board (Victoria) Limited
Provide a system of graded examinations
in relation to music and speech in Victoria
and overseas.
Australia
Company
Limited by
Guarantee
100%
Australian National Academy of
Music
Provide a national centre of excellence
with practical music education and
training.
Australia
Company
Limited by
Guarantee
71%
The Meanjin Company Limited
The publication, promotion and distribution
of the quarterly journal “Meanjin”.
Australia
Company
Limited by
Guarantee
100%
Melbourne Business School
Limited Group
Provision of educational services. Australia Company
Limited by
Guarantee
45%
Melbourne University
Publishing Limited
To publish the best scholarly writing from
Australia and Overseas, both within and
independent of the tertiary sector.
Australia
Company
Limited by
Guarantee
100%
Melbourne Ventures Pty Ltd
To support the commercialisation agenda
of the University of Melbourne.
Australia
Fully Paid
Ordinary
Shares
100%
MU Student Union Ltd
Provision of amenities, services and
facilities for the benefit of students.
Australia
Company
Limited by
Guarantee
100%
UMEE Ltd
Commercialisation of educational services
of the University of Melbourne and the
provision of English Language teaching.
Australia
Fully Paid
Ordinary
Shares
100%
Victorian College of the Arts*
Provide education in the creative,
performing and other arts and for general
education of people undertaking courses
in those arts.
Australia N/A N/A
The Victorian Institute for
Chemical Sciences Limited +
Provide teaching and research in chemical
sciences.
Australia
Company
Limited by
Guarantee
33%
* The Victorian College of the Arts is a statutory authority of the State of Victoria having been established under the Victorian
College of the Arts Act 1981. Under the current accounting standards, the University is deemed to have a reporting
responsibility for the VCA. On 15 November 2005, the VCA Council signed a Heads of Agreement with the University which
has led to the establishment of VCA as a faculty of the University from 1 January 2007. On 29 August 2006 the Melbourne
University (Victorian College of the Arts) Act 2006 was enacted. The Act dissolved the VCA and its Council and provided for
the integration of the VCA as a Faculty within the University. On 1 January 2007 the University became the successor in
law to the VCA and all assets and liabilities of the VCA were transferred to the University of Melbourne. Further details are
included in Note 44 to the Financial Statements.
+ The University of Melbourne, Monash University and RMIT are all equal members of the Victorian Institute for Chemical
Sciences Limited. Under the terms of the Funding Agreement with the State Government, the University of Melbourne
has financial responsibility for the company and it is therefore considered to have control.
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The University of Melbourne Annual Report 2006