Investment Advisory Committee
Sub-Committee of Resources and Finance Committee
1.
Membership
1.1
Appointment of Chair
A Government or Council appointed member of Council on Resources & Finance
Committee with appropriate business, finance and investment experience.
1.2
Current membership
Members:
 Mr Mark Cubit (Chairperson)
 Mr Shane Buggle
 Mr Stuart Cartledge
 Mr Paul Kirk
 Mr Jeremy Nestel
Attendees:
 Mr David Pitt – Senior Vice-President and Chief Financial Officer
 Mr David McWaters – Executive Director, Corporate Finance (Secretary)
1.3
Duration of term of external members
Each term to be 3 years plus a further 3 years subject to approval of Resources &
Finance Committee. Initial terms may be staggered at the discretion of the Chair to
avoid a common expiry.
1.4
Co-option of members
Resources & Finance Committee may co-opt additional persons, whether or not
members of Council, who have expertise of particular value to the Sub-Committee’s
proceedings.
2.
Terms of reference
2.1
Recommending to Resources & Finance Committee the investment objectives.
2.2
Recommending to Resources & Finance Committee the Strategic Asset Allocation
and ranges.
2.3
Managing the asset allocation and portfolio structures of the investment pools
including, if required, making decisions regarding asset allocation tilts.
2.4
Monitoring and oversight of the Short and Long-Term Investment Pools against
respective investment objectives, including at least annual discussions with fund
managers.
2.5
Reviewing the positioning of the Investment Pools with respect to the economic and
market events/outlook.
2.6
Making decisions regarding appointment/termination of a service provider and the
redeployment of funds on termination.
2.7
Recommending to Resources & Finance Committee the pre-determined return to be
applied to relevant tied funds in the long term pool and ongoing review of the
pre-determined annual return liability relative to the size of the Long-Term Pool.
2.8
Recommending to Resources & Finance Committee the annual Long-Term Pool
distribution amount.
2.9
Endorsing Monash University Treasury Policy put forward by management and any
updates as necessary.
3.
Meetings
3.1
Frequency of meetings
As required, however at least quarterly to review performance. Meetings by
circulation are permitted provided the Chair deems it appropriate.
3.2
Quorum
The quorum is 3.
4.
Reporting to Resources and Finance Committee
Following each meeting, the Sub-Committee Chair will submit a written report to the next
meeting of Resources & Finance Committee.