annual report/2006 - University of Melbourne

University Controlled Entities – levels of financial and reputational risk
PRINCIPAL OBJECTIVES
LEVEL OF
FINANCIAL RISK
(HIGH, MEDIUM
OR LOW)
LEVEL OF
REPUTATIONAL RISK
(HIGH, MEDIUM OR
LOW)
Corporate Vehicles
Australian International
Health Institute (The
University of Melbourne)
Limited
To undertake research, development, education, training,
consultancy and other activities in regard to medicine, dentistry,
health, health science and related areas.
To provide facilities for study, research and education.
Medium
Low
Australian Music
Examinations
Board (Vic) Limited
To represent in Victoria the Australian Music Examinations Board
as the State Committee for the purposes of the conduct within
the State of Victoria and elsewhere of music examinations.
To aid, promote and assist music, music education and the
appreciation of music.
Low
Low
Australian National
Academy of Music Limited
To operate as a national centre of excellence in practical music
education and training.
To provide practical music education and training for
outstandingly talented music students.
Low
Low
UMEE Limited (formerly
Melbourne University
Private Limited)
To commercialise educational services.
To conduct English Language teaching.
Medium
Medium
Melbourne Business School
Limited
To undertake the education of University graduates,
undergraduates and others in management studies.
To conduct post-experience courses for practising managers.
To conduct postgraduate research programs into
management and related areas, and to promote, licence,
develop and apply the results of research activities.
Low
Low
Melbourne University
Publishing Limited
To publish the best scholarly writing from Australia
and overseas, both within and independent of the
tertiary sector.
To develop and disseminate text and image-based intellectual
property in a variety of formats and media.
To retain and develop Melbourne University Press and the
Miegunyah Press as imprints of the company.
Medium
Low
Melbourne Ventures Pty
Limited
To create a valuable portfolio of successfully
commercialised University of Melbourne technologies by
making available to University staff the requisite skills and
resources to ensure that technologies developed by the
University are given the best possible opportunity
to succeed in the commercial marketplace.
Low
Low
MU Student Union Limited
To advance the education of students of the University by
providing amenities, services and facilities for the benefit of
students, utilising the Amenities and Services Fee funding and
such other revenue or reserves of the company as may be
appropriate in the circumstances.
Low
Low
The Meanjin Company
Limited
To publish Meanjin, a quarterly literary magazine reflecting the
breadth of contemporary thinking in literature and other art
forms or broader issues of the times.
Low
Low
Victorian Institute for
Chemical Sciences Limited
To advance chemical sciences in Victoria Low Low
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The University of Melbourne Annual Report 2006