Statute of the University of Queensland (Qld)

Queensland Subordinate Legislation 1991 No. 116 ————— University of Queensland Act 1965 Department of Education Brisbane, 24th October, 1991 His Excellency the Governor, acting by and with the advice of the Executive Council and in pursuance of the University of Queensland Act 1965 , has been pleased to approve the following Statute made by the Senate of the University of Queensland. DEAN WELLS ————— A STATUTE OF THE UNIVERSITY OF QUEENSLAND The Senate of the University of Queensland by this Statute rescinds Statute 47—Investment and makes the following Statute:— “STATUTE 47—INVESTMENT Forms of Investment 1. Subject to any relevant trust, University property, including money and property given inter vivos or by will, may be invested by Senate or any person or committee authorised by Senate. (a) in any form of investment which is an authorised trustee’s investment under the Trusts Act 1973 ; (b) on deposit with any bank authorised to carry on banking business under the Banking Act 1959 ; (c) on deposit with any authorised dealer in the official short term money market;

2 University of Queensland Act 1965 (d) on deposit with any recognised dealer on the unofficial short term money market, if the investment is secured by deposits of securities of one of the following classes:— (i) Registrable marked transfers of inscribed stock guaranteed by the Government of the Commonwealth or a State; (ii) Negotiable certificates of deposit issued by a bank; (iii) Bills of exchange either accepted or endorsed by a bank; (iv) Bills of exchange guaranteed by the Government of the Commonwealth or a State; (e) in stocks and shares in any company registered under the laws of the Commonwealth, a State or Territory of Australia, the shares of which are listed or have been approved for listing on a registered stock exchange in Australia; (f) in debenture stock, bonds, notes or other interest bearing securities issued in Australia by a limited liability company or in loans to such a company, whether constituting a charge on the assets of the company or not, if the company or security is rated A or better by Australian Ratings, Standard and Poors Corporation or Moody’s Investors Service; (g) in any securities issued or guaranteed by the Government of the United States of America, Canada, Japan or any European nation, if the security is rated AA or better by Standard and Poors Corporation or Moody’s Investors Service; (h) in— (i) options to purchase securities referred to in this section; and (ii) stocks and shares in companies listed on a recognised overseas associated stock exchange, if these investments are arranged by an Investment Manager appointed by the University to act as its agent; (i) with one of the bodies corporate listed in the Schedule where— (i) as a result the University is the beneficial owner of certain assets; or

3 University of Queensland Act 1965 (ii) pursuant to a contract between the University and the body corporate, the University holds units in a common fund or is entitled to receive monies or other benefits under the contract; (j) in insured mortgages and properties for investment; (k) in the acquisition by purchase, lease, exchange or otherwise of land situated in Australia. Underwriting 2. The University may underwrite or sub-underwrite any investment authorised by this Statute whether alone or jointly with others. Limitations 3.(1) Unless the Senate in a particular case otherwise determines, the total investment in any company shall not exceed or entitle the University at some future date to hold more than, 5% of the paid-up capital of the company. (2) The total market value of— (a) investments in any one company shall not at any time exceed 5%; (b) investments made through international investment trusts shall not at any time exceed 20%; and (c) overseas investments (including any made through an international investment trust) shall not exceed 25%, of the total market value of property then invested pursuant to this Statute. Reinvestment. 4. The University may at any time realise a portion of its property or investments and re-invest the proceeds in accordance with this Statute. SCHEDULE National Mutual Life Association of Australasia Limited AMP Society County Nat West Australia Investment Management Limited Suncorp Insurance and Finance

4 University of Queensland Act 1965 BT Asset Management Limited Nomura Securities Company Limited Baring International Investment Management Limited.’’. The Common Seal of the University was hereto affixed pursuant to a resolution of the Senate by me as the proper officer having custody thereof. DOUGLAS PORTER Secretary and Registrar ENDNOTES 1. Published in the Gazette on 26 October 1991. 2. Laid before the Legislative Assembly on . . . 3. The administering agency is the Department of Education. The State of Queensland 1991