Untitled - Annual Report 2004 - The University of Western Australia

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Effect of Economic and Other FactorsEconomic factors were extremely positive for the University in 2004 as the potential risks originally identified for theyear, including concerns with the US economy, threats of terrorist activity and outbreaks of SARS-type epidemics, failedto eventuate, and there was strong global growth.Domestically the Australian economy provided continued expansion, with high business and consumerconfidence, low inflation, a strong Australian dollar and cash rates remaining unchanged at 5.25 per cent.The strong performance of the Australian financial markets generated significant investment returns for theUniversity. Both the University’s long-term investment pool and short-term investment pools exceeded performancetargets, returning a net return of 18.35 per cent and 11.65 per cent respectively. The University has continued to disinvestcommercial and industrial property holdings in Perth and the eastern seaboard, capitalising on strong capital growth inthe period since acquisition.The University’s growth in international full fee-paying student intakes has flattened, with the stronger Australiandollar in recent years generally having a slight dampening effect on the attractiveness of Australian university education tooverseas students. Offshore student course income has also been impacted by foreign exchange levels.Generally, the cost of University activities is expected to increase in line with inflation. Recent staff salary increaseshave continued at a rate greater than inflation and it is anticipated that higher salary costs will occur over the next fewyears as the University seeks to maintain competitive salary conditions with other Australian universities. The strongerAustralian dollar has reduced operational costs in certain areas such as the cost of purchasing overseas librarymaterials and scientific equipment purchases.Looking forward, current conditions indicate that continued world growth can be achieved with all majorinternational markets continuing the expansion phase. However, the rate of global growth, while likely to remainpositive, is expected to be more subdued. Globally there are still risks ahead with the US dollar generally predicted toremain low, with the US economy providing growth despite a number of weaker fundamentals. The US effect on globalgrowth will be dependent on the extent to which domestic growth in Europe and Japan is also achieved. China is animportant factor and their slower growth forecasts will potentially impact commodity prices and resource earnings.The rise in global oil prices may also have an adverse effect on global growth in 2005.The strong performance of the Australian equities market indicates a positive sentiment along with thesupportive economic impacts. Domestically the continued decline in the property sector, and the anticipated impact onconfidence, will influence economic conditions in 2005. Fund Managers are generally predicting a softening in returnswith investment markets estimated to return around six to eight per cent for 2005. The Australian dollar is expected tocontinue to remain at high levels for the majority of 2005.Changes with the new Higher Education Support Act (HESA) legislation have resulted in increased governmentfunding for the University. There is also increased flexibility allowing universities scope to set and charge fees with theUniversity setting student contributions at optimum levels for 2005. The University anticipates modest growth ininternational full fee-paying student intakes for the year.With the Federal coalition taking control of the Senate further sector reforms are anticipated that may affect theUniversity’s operations.The Impact of State LegislationIn 2004 the State Parliament passed the Acts Amendment (Prohibition of Human Cloning and Other Practices) Act2004 which bans certain types of medical research. The University has ensured its research complies with this Act.Record KeepingThe University is committed to good and compliant records management practices. In accordance with thiscommitment and the requirements of the State Records Act 2000, the University submitted its Record Keeping Planpage 30
(RKP) to the State Records Commission on 4 March 2004. The RKP was cleared on 3 June 2004 andwill be approved in 2005 pending the submission of a revised Records Disposal Authority for studentrecords. The year 2004 was dedicated to the development of an infrastructure that supports thereporting and compliance requirements of the State Records Act. This included the production of aStatement of Intent, a document which sets out a new vision for records management at the Universityand broadly identifies performance targets for the next three years, and also the development of acomprehensive three-year operational plan which details records management projects, expected dates ofcompletion and officers responsible. Future annual reporting on our record keeping system will be carriedout against this or a revised version of this plan.In accordance with the RKP, there has been an increased emphasis on staff training with a full trainingreview planned for 2005. Over 400 University staff were trained during 2004 (this figure includes technicaltraining as well as training in records management principles). To support this training, a number of AdviceSheets have been produced and are available to all staff via the Archives and Records web site. In addition,information relating to records management issues is now included on the University’s Staff Induction web site.A statement regarding each staff member’s record-keeping responsibilities has also been developed and isavailable to all staff. Other significant achievements during 2004 include the implementation of TRIM (TowerRecords and Information Management) Context, the development of an in-house record-keeping application forsections who do not yet have access to TRIM Context, the endorsement of the Faculty File Plan as the Universitystandard for classifying the files of academic areas, the submission of a records disposal authority for the PerthInternational Arts Festival and the incorporation of PIAF’s current records into the University’s central system.Media and Advertising ExpenditureIn accordance with Section 175ZE of the Electoral Act 1907 the University is required to report on details of media andadvertising expenditure incurred during the year in question. In 2004, the University spent $2,952,412.07 on these itemsincluding payments to the following organisations:94.5 Perth FM Radio96FMAdelaide Festival of ArtsAMA Services (WA) Pty LtdAusdanceAustralian Computer SocietyAustralian Trade Commission—AustradeAwesome ArtsB.D. Eye DesignBentley Porter Novelli Pty LtdBowtell Clarke & YoleBull Dog GraphicsBusiness NewsChil3Channel 9 Commercial ProductionChurchill Colour LaboratoriesCity of PerthCommunity NewspapersGood Guides GroupHis Majesty’s Theatre FoundationHorizon PRMIDP Education Australia LtdImage SourceIrish EcoLearning Information ServicesLinc Integrated Marketing & CommunicationMarketforce ProductionsMedia Decisions WAModus OperandiNational NewsNiche MediaNexus Group of CompaniesNova 93.7FMPBS Corporation Pty LtdPerth Jazz SocietyPost Newspapers Pty LtdProton Promotional AdvertisingQuality SignsQuickcut Pre Press Network Pty LtdRaylex (Australia) Pty LtdRed Dog MarketingRTR FMStar StructuresStick up PostersStroudgate Australasia Pty LtdSunday TimesSustainable ConsultingThe AustralianVivid Planet DesignWest Australian Newspapers LimitedWhat’s on this WeekWren Design GroupX-Press Magazinepage 31
Page 2: AAAchieving International Excellenc
Page 5: Chancellor’s IntroductionIT IS my
Page 9: commercialisation of the University
Page 13 and 14: University GovernanceTHE UNIVERSITY
Page 15 and 16: The Vice-Chancellor also appoints s
Page 17 and 18: APPENDIX BUNIVERSITYGOVERNANCESENAT
Page 19: Risk ManagementThe University’s a
Page 22 and 23: BTeaching and LearningTHE UNIVERSIT
Page 25 and 26: Community RelationsBEYOND THE direc
Page 27: Staffing and Related MattersON STAF
Page 31: Capital WorksTHE UNIVERSITY is curr
Page 36 and 37: TABLE 1TOTAL STUDENT ENROLMENTS BY
Page 38 and 39: TABLE 3STUDENT ENROLMENTS AND LOAD
Page 40 and 41: TABLE 8FACULTY LOAD (EFTSU) AS A PE
Page 42 and 43: TABLE 10STAFF FTE (a) BY MAJOR ORGA
Page 46 and 47: THE UNIVERSITY OF WESTERN AUSTRALIA
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THE UNIVERSITY OF WESTERN AUSTRALIA
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THE UNIVERSITY OF WESTERN AUSTRALIA
Page 86 and 87:
Performance IndicatorsSummary of Ke
Page 90 and 91:
Key Performance Indicators 2004The
Page 92 and 93:
Indicator 1.4 Graduate Destinations
Page 94 and 95:
2. Research and ScholarshipDesired
Page 96 and 97:
Indicator 2.3 Publication RatesThe
Page 98:
Total Research Income (a) per Acade
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Untitled - Annual Report 2004 - The University of Western Australia

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