THE UNIVERSITY OF MELBOURNE ANNUAL REPORT 1988

PUBLISHED BY THE UNIVERSITY CONTENTS

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Vice-Chancellor's Introduction 5 University Governance 8 The University of Melbourne Publications 8

Administrative Structure 9 Senior Officers 10 Council 11 Professors /3 Academic Board 14 University Assembly 15 Faculties 16 • Agriculture and Forestry 17 • Architecture and Planning 18 • Arts 19 • Dental Science 20 • Economics and Commerce 21 • Education 22 • Engineering 23 • Law 24 • Medicine 25 • Music 27 • Science 28 • Veterinary Science 29 Graduate School of Management 30 The Library 30 Continuing education 3/ Research 32 Student Services 33 Convocation and the Committee of Convocation 35 The Alumni Office 36 The Graduate Union 36 Melbourne University Press 36 Buildings 37 University Gallery 38 Finance 40 REPORT ON THE PROCEEDINGS OF THE UNIVERSITY FOR THE YEAR ENDED 31 DECEMBER, 1988.

His Excellency The Honourable Dr Davis McCaughey Governor of Victoria. Your Excellency: The Council of the University of Melbourne has the honour, in accordance with Section 46 of the University Act 1958, to present the report on the proceedings of the University during the year 1988.

1 have the honour to be. Sir, Your Excellency's most obedient servant,

R. DOUGLAS WRIGHT Chancellor I

; r:1 I I' I

1 1 I VICE-CHANCELLOR'S INTRODUCTION TO ANNUAL REPORT The University Year By David Penington, Vice-Chancellor, The University of Melbourne

This is a new type of Annual Report for The University of Melbourne. As well as fulfilling the University's obligations under its Act and the Annual Reporting Act, the aim is to identify for the general public aspects of the University's role in the community 1988 will stand out as a significant year in the history of the University. Values central to the University have been under threat in a way that has not been experienced for many years. It was a year in which the Commonwealth funding on which all universities have come to depend so heavily , was further reduced and used as a weapon to seek to control almost all university activities. The University was pleased to accept some aspects of the Government's policies on higher education which provided opportunities for deregulation, change, growth and development. A special meeting of the Academic Board was held in February to allow Mr John Dawkins, Minister for Employment, Education and Paining to address members. This provided a useful exchange of views, but many members remained uncertain about the implementation of the Government's policies, particularly on research funding the detailed reporting of all aspects of university affairs, and attitude to amalgamations. In October, the University Council agreed to approach the Commonwealth Government seeking approval for the University to be part of the United National System of Higher Education. Subsequently, the University became a part of the system. Frankly much that caused distress during the year had derived from Commonwealth government policies and critics of universities on whose prejudice political leaders have sometimes played for their own reasons. Nonetheless, many people in the community, both alumni and others, have offered their support on a wide range of issues. The fact that the University has been able to stand together, to give an effective account of use of public funds and to speak clearly on society's need for education of high quality for scholarship and research has helped to turn back some of the more dangerous consequences of the new higher education policies. Education and research are staff intensive. Universities have suffered a progressive deterioration in the ratio of staff to students over the years with an inevitable decline in the quality of education offered. Today we are substantially less well-staffed in higher education than most of our international competitors. Proposals for widespread amalgamation of institutions carry both opportnuties and dangers Some amalgamations may be highly successful — like our own with the MCAE. Others may lead to far less efficient delivery of education and research if driven simply by a quest for status or the desire of institutions to become larger. without safeguarding the existence of coherent objectives and the capacity to establish effectively unified programs and staff and students. The widespread expectation that institutions, simply by becoming large, should be designated as universities threatens the high international standing of Australia's universities. Colleges and Institutes of Technology have every reason to seek development but they have their own important functions to serve in the Australian community. The instability which has been introduced into the system or institutions may take years to settle down. It is sad to see the Australian university system having its international standing used as a bargaining chip in what has become essentially a political game for control by Canberra of higher education throughout Australia. A highlight during the year was the decision of the University and the Melbourne College of Advanced Education to amalgamate from 1 January 1989. Councils of the College and the University approved a formal agreement of 11 April to seek amalgamation. The plan was to combine the staff and students of the MCAE and the University's Faculty of Education in a new faculty — the University of Melbourne Institute of Education. A series of working groups, including an Amalgamation Implementation Committee, was established to ensure all aspects of the amalgamation were considered, and all points of view heard. The changes in programs and structures, the development of research and new initiatives will take come years to work through. 5 The University's greatest achievement during 1988 has been the University-wide acceptance of specific aims, a statement of guiding values and the completion of a strategic plan. It is a starting point for forward planning policy evolution and internal management. With further development; it will form the basis of an annual cycle of decision-making relevant to monitoring the quality of performance, allocation of resources taking account of both plans and performance, and planning the development for the University as a whole including our external commitments. While the University's mission statement appears at the front of this report, the aims and guiding values of the University bear repeating. The aims are to: ❑ preserve, refine and advance knowledge; ❑ provide undergraduate, graduate and continuing education; ❑ contribute to the intellectual, cultural, social and economic development of the community. In pursuing these aims, the University's guiding values are: ❑ a commitment to excellence in all its activities; ❑ an obligation to people whether as graduates, students, staff or in the community to help them to develop to their full potential; and ❑ a mission of leadership in the development of the community. During 1988, the demand for student places at the University remained high. Although only one applicant in five was successful in gaining entry, the University was able to enrol 300 disadvantaged students in various special admission schemes. Total student enrolment in 1988 was 16, 733. The University's research performance maintained its high standard. Important advances were made in medicine, veterinary science, agriculture, engineering and various other disciplines, many yielding new products and processes. The high level of scholarship in the humanities, law and other social sciences was also maintained. Overall research expenditure totalled $40 million, $4 million more than in 1987. Australian Research Council grants totalled $4,410,245 — an increase of more than $1 million over 1987. The University had 68 successful applications for new projects and 88 for continuing projects. Researchers were awarded a total of $8,197,560 from the National Health and Medical Research Council — an increase of more than 10 per cent on the previous year. The University also received 41 new project grants. Many research grants were obtained from other Government sources, both State and Commonwealth, from charitable trusts and the business sector. In industrial matters, there was an acceleration of the trend towards centralised industrial relations and regulation, particularly in the general staff arena. Logs of claims were received from several major craft unions seeking coverage of general staff at the federal level. The year was also dominated by negotiations over Second Tier agreements and their implementation. Significant awards have been made or will soon be made affecting conditions of employment in areas such as redundancy for academic and general staff, dismissal procedures for academic staff and academic performance appraisal. Important safeguards have been negotiated to ensure that redundancy provisions will apply only in rare and unusual cases, that performance appraisal will ordinarily be seen as a positive process linked with staff development and that adequate appeal processes exist to deal with the rare situation of unsatisfactory performance which is not remedied by counselling and opportunities for retraining. In a year of achievement, some individual successes stand out. These include: ❑ Professor John Coghlan, Deputy Vice-Chancellor (Research), was awarded the British Endocrine Society's Dale Medal — the first Australian to be awarded the medal since its inception 30 years ago. The award marks Professor Coghlan's 30 years' work and achievements in the study of endocrinology and hormones, and his contribution and his role in the direction and formulation of medical research policy at a national level. ❑ Dr Keith Nugent, of the School of Physics, won an international research and development award for Research and 6 his work on the development of a neutron penumbral aperture microscope. The journal Development reported the new instrument as one of the 100 most significant new products of the year ❑ Eminent University historian Professor Geoffrey Blainey was awarded the prestigious International Britannia Award. The award, for the dissemination of learning and the enrichment of life, comprises a gold medal and cash prize. It was a matter of regret that he chose to take early retirement at the end of the year. ❑ Senior Lecturer Dr Robert Minasian was awarded the Australian Telecommunications and Electronics Research Board Medal for outstanding research in electronics and telecommunication by an Australian under 35. The award cites significant original contributions to research in telecommunication, involving high data-rate lightwave systems, microwave and opto-electronic devices and high-speed circuits for fibre optic and microwave communication. ❑ Professor Jack Martin, Professor of Medicine and Director of the St Vincent's Institute of Medical Research, was awarded the Chemofux Research Prize for 1988. The award, decided by an international jury based in Vienna, is for the most outstanding research paper to advance the study of bone and mineral metabolism in the past three years. ❑ A team of University of Melbourne law students won the Jessup International Law Moot Court Competition which was contested in Washington by more than 200 students from 30 countries. It was only the second time in the 29-year history of the competition that an Australian team had won. The University established an Australian Studies Centre to promote a broad range of interdisciplinary Australian studies. Distinguished poet, literary critic and Professor of English, Professor Chris Wallace-Crabbe was appointed to head the Centre. Its aims are to engage in research into all aspects of Australian culture and society, help promote and publish the research, and develop public awareness of Australia's cultural achievements and the nature of Australian society. In September Mrs Jean McCaughey, wife of the Governor of Victoria, Dr Davis McCaughey, launched the University's key centre for Women's Health in Society, headed by Dr Lorraine Dennerstein. During the year three highly respected members died. Professor Vincent Buckley who retired as Professor of English in 1987, (4 November), Professor Elsdon Storey, former Professor of Child Dental Health, (10 October); Dr Stephen Murray-Smith, former Reader in Education, (31 July). To mark the work of Mr R D Marginson, who retired as Vice-Principal after 22 years, the University conferred on him the Degree of Doctor of Laws Honoris causa, the University's highest award. Despite the concerns about Government intervention in the day-to-day running of higher education institutions, the ground work has been laid for a new period of vigorous and independent development of the educational, scholastic and research activities of the University, The statement of aims and guiding values was a reaffirmation of its commitment to leadership in the community which , for much of its 135 years, has given, the University a central role in Victorian life. Australia is facing a critical period of change. Higher education, scholarship and research will be vital elements in this process of change The energy and dedication which I see in our University and the quality of the young people seeking not only a first-class education, but the opportunity to realize their potential and fulfil their ambitions give real grounds for optimism about the future despite gathering storm clouds on many fronts. The University of Melbourne is well-placed to play an important role in this process of rediscovering our role as a nation as we approach the 21st century

David Penington, Vice-Chancellor, The University of Melbourne. 7 UNIVERSITY GOVERNANCE

The University of Melbourne was established by the University received grants from the Victorian an Act of the Victorian Parliament in 1853. The Government, and income from fees and foundation stone of the first University building benefactions. Since the Second World War the was laid in 1854 on the present University site of Australian Government has provided increasing 19 hectares in the northern part of the City financial support. of Melbourne. ADDRESS Under the Melbourne University Act, the All general correspondence directed to The University consists of a Council: the Professors; University should be addressed to the Registrar, other members of the academic staff, members of The University of Melbourne, Parkville, Victoria faculties and boards of studies; graduates; 3052, Australia. diplomates; undergraduates and members of the Telephone: (03)3444000 general staff designated by Council. A Council of up Telex: UNIMEL AA25185 to 40 members representing the staff, the graduate Facsimile: (03) 344 5104 students, the undergraduates, the affiliated colleges Telegrams: UNIMELB and the general staff is responsible for the conduct of University affairs. The graduates collectively comprise Convocation which may make submissions on University matters to the Council. Convocation elects a Standing Committee to advise Council. University legislation, as made by Council, is subject to approval or amendment by the Standing Committee prior to submission to the Governor as required in the Act. Academic administration of the University is conducted by the various faculties and the Graduate School of Management and is supervised by the Academic Board. The University offers bachelor degree courses in Agricultural Science, Animal Science, Applied Science, Arts, Commerce, Dental Science, Engineering, Forest Science, Law, Medicine and Surgery, Medical Science, Music, Music Education, Planning and Design, Science, in Optometry, Social Work, Surveying and Veterinary Science. In addition, the following bachelor degree courses are available for graduate Further information about the University may be entry; Architecture, Building, Town and Regional obtained from the following publications: Planning, Education, Letters and Social Work. Research Report. Published each year, providing In most disciplines in which there is a degree information on the research activities for the of bachelor, degrees of master and doctor and the preceding year. degree of Doctor of Philosophy are available. There Prospectus. This annual publication, aimed at are also courses leading to masters' degrees in prospective students, is a general introduction to Agricultural Studies, Management, Educational the University and its undergraduate courses. It also Psychology, Engineering Science, Environmental includes information on the University's entrance Studies, Gynaecology and Obstetrics, Landscape requirements. Architecture, Management, Surveying Science, Urban For further information about official University Planning and Veterinary Studies. publications, write to the Registrar, The University of Melbourne, Parkville, Victoria 3052. 8 At its inception and for many years afterwards THE UNIVERSITY OF MELBOURNE ADMINISTRATIVE STRUCTURE

Vice-Chancellor's Office Vice-Chancellor Consultative Pro Vice- Deputy Vice-Chancellor Committee Chancellors DVC (Research) DVC (Staff) Vice-Principal Registrar

Officer Support Group ADMINISTRATI \ E DEPARTMENTS

Finance & Property Academic Admin've Accounting & Buildings Services Services

J

ACADEMIC FACUITIES BOARD

Academic Departments Schools Centres Lib ary MUP MTC Foundations

FACUITY ADMINISTRATIVE STRUCTURE

Registrar Dean

Registrar (Academic)

Assistant Registrar (Academic)

Deputy Dean Associate Deans Assistant Registrar (Faculty) Assistant Deans Sub-Dean

Chairman of Departments

9 SENIOR OFFICERS

VICE-CHANCELLOR AND PRINCIPAL Professor David Geoffrey Penington, AC MA DM BCh Oxf. FRCP FRACP FRCPA. Appointed 1st January, 1988.

DEPUTY VICE-CHANCELLORS Professor John Riddoch Poynter, Chevalier des Palmes Academiques MA Oxf. BA PhD FASSA FAHA. Appointed 8th April, 1975. Professor Gordon Veitch Stanley, BA PhD W.Aust. FBPsS FAPsS. Appointed Deputy Vice-Chancellor (Staff) 1st January, 1985. Professor John Paul Coghlan, PhD DSc. Appointed Deputy Vice-Chancellor (Research) 1st October, 1987.

PRO-VICE-CHANCELLORS Professor Margaret Mary Manion, PhD Bryn Mawr MA BEd. Appointed 1st January 1985. Re-appointed 1st January, 1988. Professor Graeme Bruce Ryan, MD BS PhD FRCPA FRACP. Appointed 1st January, 1987. Re-appointed 1st January, 1988.

VICE-PRINCIPAL Raymond David Marginson, AM BCom DipPubAdmin FAIM FAITEA. Appointed 1st February, 1966.

REGISTRAR James Baildon Potter, AM RFD ED BSc MAppSc FRMTC FIREEAust MIEAust. Appointed 1st January, 1979.

10 COUNCIL

Appointed by the Governor-in-Council: 1st January, 1986. Victor Charles West, Dip DO Glas. Term expiring 31st December, 1991 Theo Dip Orth R.C.S. MDSc BSc LLB FRACDS. Elected 1st Sidiropoulos, MLA. Appointed 14th December, 1982. - January, 1986. Re-appointed 1st January, 1988. The Hon, Michael Term expiring 31st December, 1991 Judith Mary John Arnold, MLC LLB. Appointed 1st January, 1984, Armstrong, MA PhD. Elected 1st January 1987. Re- Re-appointed 1st January, 1988. Janet Calvert-Jones. elected 1st January, 1988. Appointed 2nd February, 1988. Kenneth Charles Elected by Members of Staff, other than Academic Stone. Appointed 2nd February, 1988. Denis Vivian Staff: Campbell Tricks, BCom AASA FSIA. Appointed 2nd Term expiring 31st December, 1989 Francis Patrick February, 1988. Alan Robert Stockdale, MLA. Joseph Robatham, MAIP MInsP CPhys. Elected 1st Appointed 12th April, 1988. One Vacancy. January, 1986. Appointed by the Minister for Education: Elected by the Graduate Students: Term expiring 31st Term expiring 31st December, 1989 Michael Kevin December, 1989 Timothy Graham Littlejohn. Elected Collins, BA BEd FACE. Appointed 8th July, 1986. 1st January, 1988. Elected by Graduates of the University: Elected by the Undergraduates: Term expiring 31st Term expiring 31st December, 1989 The Hon. December, 1988 Victoria Williams, Elected 1st Mr Justice Raymond Moyle Northrop, QC LLM. January, 1987. Term expiring 31st December, 1989. Elected 14th November, 1975. Re-elected 1st January, Evan Thornley, Elected 1st January 1988. 1986. David Stow Adam, LLB. Elected 1st January, Members Ex Officio: 1986. Ann Warriner Blainey, BA. Elected 1st January, Professor David Geoffrey Penington, AC MA DM BCh 1986. Hilary Jane McPhee, BA. Elected 1st January, Oxf. FRCP FRACP FRCPA. Vice-Chancellor and 1986. Thomas Peter Bruce, LLB. Elected 16th April, Principal. Appointed 1st January, 1988. Professor 1986. John Riddoch Poynter, Chevalier des Palmes Term expiring 31st December, 1991 Professor Academiques MA Oxf. BA PhD FASSA FAHA. Deputy Emeritus Sir Roy Douglas Wright, AK DSc, A.N.U. & Vice-Chancellor. Appointed 1st January, 1978. Melb. Hon. LLD A.N.U. & Melb. MB MS FRACP. Professor Gordon Veitch Stanley, BA PhD W.Aust. Elected 17th December, 1971. Re-elected 1st January, FBPsS FAPsS. Deputy Vice-Chancellor (Staff). 1988. David Davoren Westmore, MB BS FRCS Edin. Appointed 1st January, 1987. Professor Margaret FRCS FRACS. Elected 17th December, 1979. Re-elected Mary Manion, PhD Bryn Mawr MA BEd. Pro-Vice- 1st January, 1988. Fay Surtees Marles, AM MA Chancellor. Appointed 1st January 1985. Professor DipSocStud. Elected 1st January, 1984. Re-elected 1st Graeme Bruce Ryan, MD BS PhD FRCPA FRACP. Pro- January, 1988. Joan Mitchell Montgomery, OBE BA Vice- Chancellor. Appointed 1st January, 1987. BEd FACE. Elected 1st January, 1984. Re-elected 1st Raymond David Marginson, AM BCom DipPubAdmin January 1988. Norman George Curry, PhD Lond. BA FAIM FAITEA. Vice-Principal. Appointed 17th March, MEd FACE. Elected 1st January, 1988. 1967. Richard Donald Marles, President, 82nd Elected by the Professors: Students' Representative Council. Appointed 1st Term expiring 31st December, 1991 Professor Leonard December, 1987. Kelman Stevens, PhD Camb. BCE MEngSc MICE Members Co-opted: FIEAust. Elected 1st January, 1983. Re-elected 1st Term expiring 31st December, 1991. The Hon, Sir January, 1988. Professor Thomas William Healy, PhD Albert Edward Woodward, Kt OBE LLM. Co-opted 7th Col. MSc FRACI. Elected 1st January, 1985. Re-elected March, 1988. One Vacancy. 1st January, 1988. Professor Ian Stewart Ferguson, Heads of Colleges Co-opted: Term expiring 31st DF Yale BScF. Elected 1st January, 1988. December, 1991. The Rev. Sister Jane Kelly, IBVM BA Elected by the Academic Staff, other than DipEd DipPT Heythrop MACE. Appointed 1st January, Professors: 1988. David Henry Parker, MA Auck. MLitt Oxf. Term expiring 31st December, 1989. John Edward Appointed 1st January, 1988. Anwyl, BA BEd, Elected 1st January, 1982. Re-elected Secretary: The Registrar. 11 The outcome of elections for members of Council with terms commencing on 1 January, 1988 was: - Members Elected by the Graduates (Term expiring 31 December, 1991): Dr Norman G. Curry, Mrs Fay S. Marles, Miss Joan M. Montgomery, OBE, Mr David D. Westmore, Professor Emeritus Sir Douglas Wright, AK. Members Elected by the Professors (Term expiring 31 December, 1991): Professor Ian S. Ferguson, Professor Thomas W. Healy, Professor Leonard K. Stevens. Member Elected by Academic Staff, Other than Professors (Term expiring 31 December 1991): Dr Judith M. Armstrong. Member Elected by Graduate Students (Term expiring 31 December, 1989): Mr Timothy G. Littlejohn. Member Elected by Undergraduate Students (Term expiring 31 December, 1989): Mr Evan Thornley. Professor Emeritus Sir Douglas Wright was elected Chancellor for a further term, and the Honorable Mr Justice Northrop and Mrs F. S. Marles were re-elected Deputy Chancellors. Council at its March meeting noted that the Governor-in -Council had reappointed Mr Theo Sidiropoulos, MLA, and the Hon. Michael J. Arnold for terms expiring 31 December 1991. At the same meeting Council welcomed the following new members appointed by the Governor-in-Council for similar terms: Representative of Manufacturing and Commercial Interests: Mrs Janet Calvert-Jones. Representative of Industrial Interests: Mr Kenneth C. Stone, Mr Denis V. C. Tricks. Council also welcomed heads of colleges newly co-opted to its membership, the Rev. Sister Jane Kelly and Mr David H. Parker, and agreed to co-opt Sir Edward Woodward for a further term. In April, Council authorised the execution of an agreement for the incorporation of the Melbourne College of Advanced Education into The University of Melbourne and adopted arrangements for its implementation. At its May meeting, Council noted that the Governor-in-Council had appointed Mr Alan R. Stockdale, MLA, as a member. Council agreed to

12 co-opt Mr James M. Poulton from 1 June, 1988 for conducted for a member elected by the under- a term expiring 31 December, 1991. graduate students, and to fill a casual vacancy for In July, Council was advised that Mr Michael a member elected by the graduate students K. Collins had resigned as the member of Council following the resignation of Mr Littlejohn with effect appointed by the Minister for Education. from 31 December, 1988. Subsequently, the Minister appointed Dr Jeffrey F. Dunstan to this position. Council in November welcomed Mr Jeff J. Wright, a representative of agricultural interests appointed by the Governor-in-Council, to his first meeting, and noted that the positions formerly held by the Hon. Mr Arnold and Mr Sidiropoulos had become vacant following the recent parliamentary elections. Professor Graeme B. Ryan and Professor Michael J. Osborne were appointed as Pro- Vice-Chancellors for 1989, following their election as President and PROFESSORS Vice-President of the Academic Board for that year. Also in November, Dr Barry A. Sheehan, the then The following professors took up their appointments Director of the Melbourne College of Advanced to Chairs in 1988: Professor P. J. Brockwell Education, was appointed a Deputy Vice-Chancellor (Statistics), Dr I. R. Harper (Monetary and Financial of the University for a term of five years from Economics), Dr L. T. Holmes (Political Science), 1 January, 1989, and it was agreed that the deputy Professor T. J. Martin (Medicine — St Vincent's vice-chancellorships to which membership of Hospital), Professor J. D. Pickett-Heaps (Botany), Council would attach in 1989 would be those held Dr D. A. Samson (Manufacturing Management), by Professor-elect Sheehan and Professor Poynter. Dr R. E. H. Wettenhall (Biochemistry), The December meeting of Council was the first Mr D. G. Yencken (Elizabeth Murdoch Chair of attended by Mr Demetri Dollis, MLA, and the Hon. Landscape Architecture), and Dr N. D. Yeomans William A. Landeryou, members of parliament (Medicine — Maribyrnong Medical Centre). appointed to Council by the Governor-in-Council. Dr A. J. Guttmann, of the Department of Council expressed its appreciation of the service by Mathematics, was appointed to a Personal Chair. its retiring members — Mr T. G. Littlejohn, Mr R. D. Professors J. H. Anderson (Electrical Mules, Professor M. Manion and Miss V. Williams. Engineering), H. D. Attwood (Pathology), Council also thanked the retiring Vice-Principal, D.G. Beswick (Director, Centre for the Study of Mr Raymond Marginson, for his valuable contribution Higher Education), G. N. Blainey (Ernest Scott to Council and the University since his appointment professor of History), M. Brimer (Ormond professor in 1967. Council thanked its Legislation Committee of Music), A. J. Day (Physiology), C. R. Duckworth and the Committee of Convocation for their extensive (French), W. S. C. Hare (Edgar Rouse Professor of and invaluable work towards the consolidation of Radiology), G. A. Kune (Surgery — Repatriation University legislation which was completed in 1988. General Hospital), T. A. O'Donnell (Inorganic Chemistry), Legislation was made to provide a three year-term H. F. Simon (Oriental Studies), B. M. Spicer (Physics), for appointment to the office of Chancellor and E. Storey (Child Dental Health) and J. G. Waterson staggered two-year terms for appointment to the (Restorative Dentistry) retired during 1988. :offices of Deputy Chancellor instead of the current Professor G. Seddon (Environmental Studies) :annual appointments, to take effect from the resigned to take up a position as a professorial :beginning of 1990. associate affiliated with the Centre for the Study of Towards the close of the year, elections were Australian Literature, University of Western Australia. ACADEMIC BOARD Professor M. M. Manion, Professor G. B. Ryan and from 1990. The Committee dealt with policy and Professor T. W. Healy were elected as Chairman of technical aspects of the proposed new curricula and the Board, Vice-Chairman and Deputy Vice- school trials of methods of assessment. Approval Chairman respectively for 1988. was given for selection into the Bachelor of During 1988, the Board advised Council on a Veterinary Science course from 1991 to be at the wide range of matters including the University's second year level'after completion of one year of Strategic Plan, the Commonwealth "Green" and an approved Science-based course. Policies were "White" papers (Higher Education — A Policy amended to require all students suspended by the Discussion Paper), the development of information Academic Board to be re-selected before being re- technology strategies following a comprehensive admitted to their former course. The Committee review of the University Computing Services, made a number of changes to the various principles and the amalgamation of the University and the which govern the selection of students into courses. Melbourne College of Advanced Education. AdVice On 16 and 17 April the University conducted was also provided to Council on reviews of the "Expo 88" to bring together prospective students, Law School and the Department of Electrical and current undergraduate and postgraduate students Electronic Engineering, and on the creation of new and employers. Planning and co-ordination of this Chairs in the faculties of Engineering, Medicine and event was undertaken by the Board's Committee Science. The closure of the Department of Middle for Prospective and New Students. The roles of this Eastern Studies and the creation of an Australian committee and the Board's Continuing Education Centre were among changes in the Faculty of Arts Committee were examined in 1988 as part of a wider which the Board recommended to Council. The review to improve the University's public academic Board also advised Council on revised procedures for programs. the appointment of Professors and Deans of faculties, A major report on the first three years of the the restructuring of the Faculty of Dental Science as University Special Admissions Scheme was prepared a prelude to its amalgamation in 1989 with the by the Board's Special Admissions Committee. The Faculty of Medicine, and the proposal to form a joint report provided useful information on the use of University/public company to manage the Graduate qualitative data in selection and showed that the School of Management. Scheme had succeeded in broadening the social Through its Academic Committee the Board dealt profile of the University's student population. with many course changes necessary to accommodate The work of the Board's PhD Committee focused the change in the University year in 1989 from three on an analysis of a major report on PhD students terms to two semesters. Approval was given for new undertaken in the mid 1980's which will, in time, postgraduate diplomas in Accounting, Biotechnology, lead to improvements in PhD programmes. Economic History, Finance, Industrial Relations, A major report on the University's special entry Intellectual Property Law and Modern Languages. A arrangements for Aboriginals, which have been in major restructuring was undertaken of postgraduate existence for 20 years, was received by the Advisory courses in Applied Linguistics and a new combined Committee for the Selection of Aboriginal Students. Bachelor of Surveying/Bachelor of Science course Increased Aboriginal enrolments and graduations was approved. A program in Women's Studies was are expected to flow from changes recommended introduced at the Masters level in the Faculty of Arts. in the report. The Committee also provided advice to the Board on Through its Joint Committee of the Academic credit transfers between post-secondary institutions Board and Heads of Colleges the Board met with and the development of course objectives and Heads of University and affiliated Colleges to discuss common assessment grade structures. matters of mutual interest. The work of the Board's Selection Procedures Minutes of appreciation were adopted for Committee was increasingly focused on the new Professor J. H. Anderson, Professor H. D. Attwood, Professor D. G. Beswick, Professor G. N. Blainey, 14 Victorian Certificate of Education to be introduced Professor M. Brimer, Professor A. J. Day, Professor C. R. Duckworth, Professor W. S. C. Hare, Professor G. A. Kune, Mr R. D. Marginson, Professor T. A. O'Donnell, Professor H. F. Simon, Professor B. M. Spicer and Professor J. G. Waterson who retired in 1988 and Professor E. Storey and Professor G. Seddon who resigned, the latter to take up another appointment.

UNIVERSITY ASSEMBLY

The University Assembly, a body of 60 members elected by and from University staff, students and graduates, was established in 1974 to provide a continuing forum for the evaluation of the University's aims and achievements and for open discussion on matters of general concern to the University. In 1988 highlights for the Assembly were: a major national conference in March on the Federal Government's Green Paper for higher education; and a two-day conference, "Tertiary Education for National Economic Objectives: Critiques and Alternatives", which provided a valuable opportunity to examine directions for higher education in Australia. Speakers included Dr Vince Fitzgerald, Ms Katherine West, Mr Dennis Altman and Mr Tony Coady. Edited papers from the conference have been widely distributed. The Assembly's contribution to the University Expo in April was a "timeline", with associated displays, of the Assembly's involvement in women's issues at the University from 1975 until 1988. Amalgamation with the Melbourne College of Advanced Education was an important issue. The Assembly organised a forum, "The Urge to Merge" in April, with speakers from the University and College administration, staff and student associations. Other issues the Assembly considered included: grievance procedures, priorities for reform in higher education and child care. The Assembly re-examined its structure and functions as part of continuous reviews of University operations. These reviews resulted in a decision by Council in December to reconsider the Assembly early in 1989. • ' AGRICULTURE AND FORESTRY

Dean: Professor Ian Ferguson and Dr R Senanayake as Research Fellow in Ecology. The extension of the library in the School A new fourth year of the Bachelor of Agricultural building at Parkville has relieved a major problem Science course was introduced in 1988, completing with library facilities and space but the corresponding the changes resulting from a major review in 1986. loss of office space, together with the expansion of All subjects in second, third and fourth years of the staff associated with the Centre for Farm Planning Bachelor of Agricultural Science and Bachelor of and Land Management and of numbers of Forest Science programs have also been recast within postgraduate students, is creating more problems. semester units for introduction of the semester The Faculty completed its Strategy Plan towards system in 1989. Employment prospects for graduates the end of the year. This Plan raised several new have improved again. Indications suggest that directions and changes to be considered. professional employment opportunities for Forest Science graduates exceed the supply of graduates, while those for Agricultural Science are good. The first year of the new full fee-paying Post- graduate Diplomas in Agricultural and Forest Science I attracted 16 overseas students. Preliminary results indicate that 14 will qualify to transfer to study towards a Master of Agricultural Science or Forest Science. The number of prospective entrants to the Diploma courses is also likely to increase. Research activities in the Faculty continued to attract substantial external funding. Many of the Rural Industry Research Councils revised their • research priorities over the past year and it is pleasing to note that the Faculty has been able to respond successfully to these changes. Greater effort has been given to developing research contracts with private industry in both agriculture and forestry. A significant research initiative, the Centre for Farm Planning and Land Management, was launched. Its principal aim is to aid the development of sustainable and profitable farming, with special reference to the problems posed by land degradation and rapid social and structural change. The Centre will provide a focus for multi-disciplinary research, and the application of that research through farm or catchment planning. Initial funding for the Centre was obtained through generous support from the Elisabeth Murdoch Trust, the Myer Foundation and the Rowden White Bequest, and with the assistance of the Interim Advisory Board. The core staff of the Centre for Farm Planning and Land Management took up their appointments during May and June, 1988. Mr C A Campbell was appointed Assistant Director and Research Fellow; Dr L Jellinek Senior Research Fellow in Sociology 17 ARCHITECTURE AND PLANNING

Dean: Professor John C Scrivener and others who give their services voluntarily. Faculty is now able to use the flat floor of the The strategic planning exercise dominated the year new atrium. New staircases provide much improved and enabled Faculty to examine critically its strengths circulation within the building and the atrium floor and weaknesses and future directions. A new is excellent for exhibitions and gatherings. direction is the development of Bachelors and Masters Faculty welcomed Professor David Yencken to the land economy courses, mainly drawing on existing Elisabeth Murdoch Chair of Landscape Architecture. expertise in building and planning areas. He has already been influential in leading the Relationships were strengthened with the six strategic planning exercise and in the Australian professional institutes in the Faculty's disciplines. Institute of Landscape Architects visit, and in The Royal Australian Institute of Planning and the research. Professor George Seddon accepted a Chair in Australian Institute of Landscape Architects visited Australian Language and Literature in the University the Faculty to assess courses and their reports; while of Western Australia. His leadership in environmental requiring some changes particularly of emphasis, matters and administration will be missed. continue to accept the courses as satisfying their Achievements of staff in 1988 include: academic requirements. Faculty set up an advisory the Peter Barrington Gold Medal of the Society and committee on urban planning - with members from Land Economists was awarded to Mr Jon Robinson the profession, the Institute, other planning schools, repeating his success of 1986; Mr Jeff Turnbull students and staff - to advise on planning courses. became the first participant of the Walter and Marion The Master of Building by coursework had Exchange Program and took up a temporary a successful first year with entrants from many professorship in the School of Architecture at the disciplines including engineering, architecture, University of Illinois at Urbana-Champaign where he commerce, building and quantity surveying. taught and researched; Mr Peter Williams and Mr Jon With the reintroduction of sub-quotas for the Robinson were promoted to Fellows of the Australian three streams of architecture, building and planning, Institute of Building and Mr Jeff Turnbull received the current overlarge intake of first-year students into promotion to Fellow of the Royal Australian Institute architecture at the expense of planning and building of Architects; the research findings of Mr Lisle will be corrected in 1989. To encourage entrants into Rudolph, in association with the CSIRO Division of planning (including landscape architecture and Building Construction and Engineering, were .environmental studies) and building (including presented in a video production on building survival quantity surveying), Faculty had a concerted program in bushfires which won a 1988 International of careers information covering visits to schools, Television Association Silver Mobie Award speaking at careers meetings, distribution of brochures (Information Category). and general advertising. Theise programs evoked Research projects of note, funded externally, considerable interest among 'school leavers and there were: Multifunction Polis Social Issues Study by

-Tr were greatly increased numbers of applications Professor David Yencken and Ms Laurie Cosgrove; for entry into the planning and building. The Input-Output Structure of Household Productive In 1988, architecture students received essential Activities by Dr Duncan Ironmonger; Planning in training in computer-aided design and drafting on the Metropolitan Melbourne by Professor Brian Faculty of Engineering computer system. McLoughlin; The Physical Development of Central The large teaching commitments of the Faculty Melbourne - an Architectural Reconstruction by with its six professional disciplines continue to Mr George Tibbits. overstretch its allocation. Faculty is appreciative of the considerable outside assistance in lecturing, and tutoring it receives from professionals in all 101111 disciplines. most of whom are paid at the sessional 18 rate which is so much below their earning capacity, ARTS

Dean: Dr Marion Adams Westpac Gallery. Other major team projects were the involvement of geographers in the Centre for The Faculty began to implement its strategic plan., Environmental Applied Hydrology and of historians The Australian Centre was founded, with the aid of science in the Australian Science Archives project of a donation from the Hugh Williamson Trust, and in the projected publication of the surviving to undertake research into all aspects of Australian correspondence of Baron Ferdinand von Mueller. culture and society. Professor C Wallace- Crabbe was The major problem for the Faculty is the appointed Director. high staff-student ratios, especially in humanities Restructuring of foreign language teaching began departments such as English, Fine Arts, History and with the creation of a single department of Classical Political Science. There seems to be less tolerance in and Near Eastern Studies, the reorganisation of the Faculty than there used to be for the much more Japanese and the planning of courses in business favorable staff student ratios in other departments, languages. Asian Studies were extended through new which are mainly the foreign language departments lectureships in the politics of Japan and the Middle and Geography. Yet the resources that can be East and the development of a unified first-year released from these departments for the humanities course in Asian history. Social Theory, supported are limited, and the better-off departments too are by the Ashworth Bequest, was consolidated. under-resourced by comparison with staff student Outreach to the public was extended through the ratios in their subjects in virtually all other new Dean's Lectures series and groups of lectures on Australian universities. Asian topics arranged by the School of Asian Studies. Dr L. Holmes was appointed to a Chair in The Faculty continued to expand, and Social Political Science and Ms C. Benn to the Chair of Work became a new department. The main growth Social Work. Honours and awards included: the areas were criminology, linguistics and Japanese Britannia Prize to Professor G. Blainey, the Vaccari language. The establishment of the Arnold Bloch Trust Historical Award to Dr G. Lack, the Eichendorff lectureship in Jewish history supported the new Medal to Professor G Schulz, the Royal Swedish – - subject of modern Jewish history, which will be the 46I Order of The Polar Star to Dr J. S. Martin, the Order basis for an interdepartmental program in Jewish of Australia to Ms S Home. the D Litt. to Professor Studies. Another interdepartmental program — in C. Duckworth, a Senior Fulbright Award for research Medieval and Renaissance Studies — began. A major at the Institute of Advanced Study, Princeton in Soviet Studies is being planned. University to Professor G. Dening, a Princeton The range of summer schools was extended, Fellowship to Dr D. Merwick and the election of with longer courses in Japanese and in English for Professor G. Stanley as' President of the Australian incoming foreign students. These special English Psychological Society and of Professor M. Osborne courses (ESL and ELICOS) are to be extensively to the Council of the Academy of the Humanities developed as the University expands its intake and as Vice-President of the Academic Board. of overseas students. The Faculty's cosmopolitan character is enhanced The Faculty attracted the largest number by a constant stream of distinguished research and of Australian Research Council grants in the visiting fellows from overseas. humanities, and did well in social sciences; most grants went to Geography, History, Psychology, English and Classical and Near Eastern Studies. Substantial grants from other external sources were won by Criminology, History and Philosophy of Science, Political Science and Psychology. The Faculty's archaeologists worked on sites in Syria, Turkey and the Caucasus, and provided an attractive exhibition of artefacts and photographs in the 19 DENTAL SCIENCE

Dean: Professor John Waterson staff appointments. At present the nature and number of shared appointments are being Decisions made by the Faculty of Dental Science considered. this year will have far-reaching effects on dental Recently the Faculty undertook a survey of the education in Victoria. Discussions which followed practising profession in Victoria to obtain members' the University's Strategic Planning exercise have views on dental education. The results provided resulted in extensive changes within the Faculty. valuable information which is being used to conduct The changes, to be implemented in 1989, consist the Faculty's continuing curriculum review. of two processes. The present undergraduate student quota is First, the long-awaited move to establish a designed to produce a graduating class of 50. one-department Faculty received approval. From Interest in postgraduate courses remains strong with 1 January 1989 the present three-department system all quotas being filled. Most Masters candidates are will be replaced by a single department and a School in clinical subjects. The Master of Dental Science of Dental Science. taken by coursework provides a major qualification Second, discussions between senior members of for specialisation in a number of clinical areas. the Faculties of Medicine and Dental Science resulted Research activity has been strong and staff in a recommmendation to the University to form members have won substantial grants for their a Faculty of Medicine and Dentistry. Advantages to projects. Funding came from the following: Anti- the Faculty of Dental Science in this amalgamation Cancer Council of Victoria, Australian Dental include enhancement of teaching and research Association, Australian Sugar Industry, Cordis resources and streamlining administrative Biosynthetics, Dentsply (Australia) Pty Ltd, the procedures. Victorian Department of Health, Ivoclar Pty Ltd, Mars Although there are contrary views it seems clear Incorporated (USA), Martin Halas Dental Co. Pty Ltd, that the long-term advantages of the amalgamation the National Health and Medical Research Council, are considerable. There is every reason to believe Rexona Pty Ltd, Rowden White Foundation, Rudolf that the move will greatly enhance the training of Gunz and Company Pty Ltd, Unitek Corporation, undergraduate and postgraduate students in Dental Victoria Dairy Industry Authority, Kulzer Australia Science as well as offering wider opportunities for Ltd, and ESPE. the promotion of research. The recently-established Chair of Preventive and Coinciding with the changes in the Faculty Community Dentistry has been filled by Professor structure are changes in the role of the Royal Dental Clive Wright. Professor Wright has also been Hospital of Melbourne. Following a report of the appointed as head of the newly-established School of Ministerial Review of Dental Services in Victoria, the Dental Science. He will be Dean from 1 January 1989 hospital has started to modify its service delivery to until the amalgamation of the Faculties of Medicine place greater emphasis on its role as a referral centre and Dental Science. as well as providing a service of general practice The Faculty was saddened by the death of dentistry. These changes will provide better Professor Emeritus Elsdon Storey in October opportunities for patient selection and more effective following his retirement from the University earlier clinical teaching. The Clinical Dental School should in the year because of ill-health. assume a more prominent role in the hospital's teaching activities. State Government funding for a limited number of dental interns is a major step in consolidating the clinical experience of new graduates. It is hoped that this scheme will eventually include all new graduates. Another important development is the sharing 20 between the hospital and the University of clinical

ECONOMICS AND COMMERCE

Acting Dean: Mr J. E. Sullivan

This has been a year of dramatic change and development as the Faculty formulated its Strategic Plan. The Faculty prepared a detailed plan, taking the opportunity to review its course structure and to consider other developments in the areas of research and community relations. In course development, initiatives have included the design of six new postgraduate diplomas to be introduced in 1989. These are the Diplomas of Intellectual Property Law, Accounting, Finance, Economics, Industrial Relations, and Economic History. They are intended to perform two functions: to act as a screen for students who wish to enter Masters courses in the Faculty, and to provide a terminal qualification at the postgraduate level in these areas. The Faculty also started the actuarial courses for students who want to major in actuarial studies in the Bachelor of Commerce degree. It has also introduced Bachelor of Commerce/Bachelor of Engineering combined degree which will commence in 1989. In the research area several new initiatives are under way. The Faculty is proposing to establish a Centre of Labour Studies and is considering other possibilities. Professor Ian Harper took up his appointment to the new Chair in Monetary and Financial Economics in July and a number of initiatives in this area have started. These include the replacement of the Faculty's Melbourne Money Study Group with a Financial Markets Forum under the auspices of the Programs in Monetary and Financial Economics and in Finance. In community relations, the Faculty has decided to introduce a luncheon-meeting in 1989 which will provide a forum to bring together leading business figures, journalists, and others from the City of Melbourne and academics from the University. The Faculty also intends to introduce an alumni office and plans are being discussed. Id 111111•1111111=111111• EDUCATION

Dean.: Professor K•ong Lee Dow development in this area of national priority can be realized. 1988 will remain a significant date in the history of In 1988 the Faculty's enrolments include 345 the Faculty of Education because it is now 65 years undertaking the Graduate Diploma in Education, since an independent Faculty of Education was 148 enrolled in the postgraduate degree now created in the University. renamed Bachelor'of Educational Studies (to avoid But it also represents the last year in which the confusion with four-year undergraduate Bachelor Faculty remains an independent entity for, from the of Education), 284 enrolled in Masters courses, and beginning of 1989 the Faculty will amalgamate with 39 enrolled in PhD programs. the Melbourne COilege of Advanced Education to After functioning as an independent Faculty form a new greatly enlarged faculty to be known as library from our earliest times, the Education library the University of Melbourne Institute of Education. became a Branch Library of the University Library. It has been a year of intense and urgent planning This transition has been smooth, in part due to the to enable the establishment of this Institute. planned preparation by the retiring librarian (Olive Following a joint working party of the Councils of Battersby) in 1987, and to the energetic leadership the University and of the College which prepared and guidance of the newly-appointed Branch a formal agreement for amalgamation, a complex Librarian (Liz Neumann). structure of an Amalgamation Implementation The Centre for the Study of Higher Education Committee with four associated working parties has suffered an unusual loss of senior staff in 1988. reviewed and made recommendations on Academic The Director, Professor David Beswick is taking early Structure and Programs, Staffing including Industrial retirement. Three senior lecturers resigned during Relations, Administration and Support Services, and Legislation and Legal Matters. The Faculty has been especially involved in planning the academic structure and programs with the Dean chairing the DEGREES CONFIRMED AND DIPLOMAS AWARDED, BY LEVEL 1 JAN. - 31 DEC. 1987 working party. This working party has encompassed the perspective of the College's Academic Board and its

faculties, including the Institute of Early Childhood HIGHER DOCTORATE DEGREES: 23 (0,67%) Development with its separate sites at Kew and PH.D. DEGREES: 125 (3.62%) Abbotsford, and those of the University's Academic

Board, and faculties of Arts and Science. POST-GRADUATE DIPLOMAS: 301 (8.71%) The links being actively forged enable the shaping of a large, comprehensive Institute of MASTER DEGREES: 344 (9.96%) Education which can mobilize extensive resources BACHELOR DEGREES: 26661 (77.04%) and expertise for the initial preparation of teachers at all levels, for advanced studies in education, and for continuing professional education for the educator workforce. In collaboration with the College, and with the Faculty of Science, the Faculty is preparing for the National Review of Teacher Education in Mathematics and Science. A coordinated approach has been agreed by the University and the College, and a planning seminar has brought together staff from the College and the two University faculties TOTAL AWARDS: 3454 22 to ensure that the commitment to extensive the year, one to become Associate Director of the of modern computer technology and applications. Australian Council for Educational Research, the It is foreseen that this will lead shortly to a range other two to headships of education units concerned of new courses in computer engineering. with teaching and learning in large Colleges of The Faculty has continued to attract high-quality Advanced Education in Victoria. The present Acting postgraduate students for Masters and Doctoral DirectOr (Mr John Anwyl) is rebuilding the Centre Research programs and to attract substantial and simultaneously negotiating the creation of a external research funding from government and new Department within the proposed Institute to industry funds. encompass this Centre and a Centre for Program In addition there has been continuing demand Evaluation within the Melbourne College of for the Masters course in Environmental Engineering, Advanced Education. and in Development Technologies — a fully-funded Among the publications from this Centre are activity. Continuing issues of Research Working Papers, a Departments have been stimulated into providing book titled Alternative Funding Strategies for a range of continuing education courses to satisfy Australian Universities and Colleges, and a the demand from the professional community. handbook, Improving Teaching and Courses: For the first time the Faculty developed a set of a Guide to Evaluation. departmental strategic plans and an overall Faculty The honorary degree of Doctor of Education was Strategic Plan with clearly defined objectives. This awarded to Mrs Jean Blackburn, a graduate of the activity, coordinated within the overall University University, in recognition of a lifetime of service to planning exercise, has been most useful in Australian education. delineating research strengths and weaknesses and in highlighting the important areas for future development. ENGINEERING Top priority has been accorded to the provision Dean: Mr W. W. S. Charters of a new building for the School of Information Technology and Electrical Engineering and support The Faculty of Engineering has been undergoing an is being sought from both government and industry. extensive restructuring of its undergraduate courses A major 'women in engineering' campaign as a result of review activities in 1987 and 1988. has been mounted to attract high-calibre female In response to a review of the Department of candidates to engineering and surveying courses. Mechanical and Manufacturing Engineering, the The EngSearch Awards for students at high undergraduate course has been substantially schools were launched in December. Two students modified to ensure that all students in this were selected from more than 140 excellent applicants department are exposed to modern manufacturing from 50 schools. These awards allow the student to science and technology. This has entailed the experience first-hand engineering research during formation of two separate streams from second the summer vacation. year level: one stream placing a heavy emphasis Other Faculty initiatives included: on mechanical engineering sciences and the other • The extension of the combined degree courses to on manufacturing sciences. include Civil Engineering/Commerce and to allow As a direct response to the external review of larger enrolments in Electrical Engineering/Science. Electrical and Electronic Engineering, the Department • Formation of the University of Melbourne has been incorporated within the structure of a new Engineering Society to encourage greater School of Information Technology and Electrical interaction between University staff and students Engineering. This followed the transfer of the and the wider engineering community. Department of Computer Science from the Faculty • Inauguration of the Centre for International of Science to the Faculty of Engineering and has Irrigation Training and Research at International brought considerable strength to the Faculty in terms House. 23 LAW

Dean: Professor Harold Luntz undergraduate curriculum and postgraduate reviews which the Faculty itself had already set in train and Demand for places in the undergraduate law course which continued throughout the year. at the University of Melbourne continues to increase One centre mentioned by the review committee, annually. Almost 2,000 applicants listed Melbourne the Asian Law Centre, welcomed many visitors during Law as their final first preference yet we could offer the year. A seminar series of the Intergovernmental only 257 places. Of these, 204 were filled from Relations in Victoria Program was launched this year recent Victorian school-leavers. The cut-off point for by the Premier of Victoria. entry rose to 362, which represented the top 3.03 The committee of review also noted the widening per cent of VCE (HSC) candidates. gap between salaries available for lawyers in The 257 places on offer constituted an increase professional practice as against the salaries available of 13 on the previous year. Funding was increased in law schools. Whether for this reason or otherwise, for only five students. Application was made for the spate of resignations that has occurred from funds to increase the intake by a further 20 students among the Law School staff continued. a year from 1989, but it seems to have been unsuccessful. Governments are apparently unwilling to increase the number of trained lawyers, despite the evidence of demand from prospective students and from the representatives of the practising legal profession. In response to a suggestion in the review of the discipline of law, Australian Law Schools, prepared for the former Commonwealth Tertiary Education Commission, the University established a committee to review the Law School. The committee found that the Faculty possessed a number of strengths, including an undergraduate student body of the highest calibre; long-standing schemes for the selection of disadvantaged and mature age students; a research and publication record recognized by the 1987 CTEC inquiry into the discipline of law as pre-eminent among all Australian law faculties; four specialist centres and programs of growing national and international reputation established within or affiliated with the Faculty; and a journal, the Melbourne University Law Review, which circulates widely and which has an international reputation for the excellence of its articles. However, it found the accommodation of many of the staff well below acceptable standards and the physical facilities for the library inadequate. It called for urgent action on the part of the University to remedy these defects. The review committee made numerous other recommendations. Those addressed to the Faculty 24 are being acted on, particularly as part of the MEDICINE

Dean: Professor Graeme B. Ryan by the present Associate Dean (Clinical) at the Royal Melbourne Hospital, Mr Alan Cuthbertson. Professor The Faculties of Medicine and Dental Science agreed Neville Yeomans took up his appointment to the to recommend amalgamation to form a "Faculty Chair of Medicine at Maribyrnong Medical Centre in of Medicine and Dentistry". This proposal was August. Negotiations continued during the year with approved in principle by the University Council The Geelong Hospital leading to agreements to to take effect during 1989. The amalgamation will advertise Chairs of Medicine and Surgery at the promote closer and more effective interaction in Hospital. Students from the University of Melbourne research, in undergraduate and postgraduate will attend the Geelong Hospital from the beginning education, and in medical and dental professional of 1990 at which time a joint clinical school with relationships. St Vincent's Hospital will be established. Agreement The report of the Committee of Inquiry into was reached to continue the association of the Medical Education and Medical Workforce was University of Melbourne with Preston and Northcote published. The Committee made a large number Community Hospital (PANCH). of recommendations concerned with medical The intake into the first year of the medical undergraduate education, the internship year, course was again 182 students. The VCE cut-off score postgraduate professional training for general for selection was 359. Included in the entry were 13 medical practice and medical specialties, the overseas students and a small number of mature age provision of an appropriate supply of medical students. One full-fee paying overseas student was practitioners, and the selection of students into admitted. medical courses. No recommendation was made The Faculty's Extended Special Admissions to decrease the intake of students to the medical Scheme continued in 1988, having been implemented schools in Victoria. The Faculty of Medicine has for the first time in 1987. This Scheme provides for submitted a detailed response to the Committee's the selection of up to ten additional disadvantaged recommendations. students whose academic performances are between The Faculties of Medicine and Science also agreed the above Special Admissions cut-off and the cut-off to collaborate in developing a major Molecular score for entry into Science at the University. The Biology/Biotechnology educational initiative for the students are offered admission to the second year of University by integrating and expanding relevant the medical course if they perform at a satisfactory teaching programs. Professor Emeritus Nancy Millis level in prescribed science subjects for two years. acted as Co-ordinator of this initiative that led to The Faculty's Lateral Entry Scheme continues to the award of funds from the Victorian Education operate successfully, offering the opportunity for Foundation to establish a Diploma of Biotechnology students to gain selection into the second year of course to begin in 1989. the course on the basis of appropriate tertiary The Office of Psychiatric Services of the Health studies. In addition, the Faculty's Refugee Entry Department of Victoria agreed to establish four First Scheme provides access to the course for Assistant positions in the Department of Psychiatry: appropriately qualified senior medical students or two in the field of Psychiatry of Old Age, one in recent medical graduates admitted to Australia with Community Psychiatry and one in Child Psychiatry. refugee status. Considerable progress was made in the In 1988 six students were enrolled for the implementation of new teaching hospital affiliations. Bachelor of Medical Science degree. This program Arrangements were finalised to enable the provides excellent opportunities for students to attendance of students at Maribyrnong Medical experience a year of supervised research in Centre at the beginning of 1989. A joint clinical preclinical or clinical departments of the Faculty. school to be called "The Royal Melbourne The Faculty of Medicine attracted research funds Hospital/Maribyrnong Medical Centre Clinical from sources outside the University totalling School" has been established and will be supervised approximately $18 million. These funds were derived 25 from government agencies, private foundations, industry sources and donations. The largest contribution was an amount of approximately S7.5 million from the National Health and Medical Research Council, including approximately S2 million for one new and five continuing program grants. Two research groups in the Faculty received special recognition. First, Professor Graeme Clark's group, the pioneers of the "Bionic Ear", was awarded "Special Research Centre" status by the Federal Government to establish the Human Communication Research Centre at the Royal Victorian Eye and Ear Hospital. Second, Dr Lorraine Dennerstein was awarded Federal Government funding to establish a Key Centre for Women's Health in Society. During the year there continued to be strong growth in the numbers of medical and science graduates studying for higher degrees. In 1988 the Faculty had the equivalent of 385 full-time higher degree students, a figure that has more than doubled in the last ten years. Professor K. J. Hardy, Chairman of the Department of Surgery (Austin Hospital/Repatriation General Hospital), performed Victoria's first successful human liver transplantation operation. Professor Hardy's team at the Austin Hospital was subsequently recognized formally by the Health Department of Victoria as the State's official Liver Transplantation Unit. Mr R Mee, Director of Cardiac Surgery at the Royal Children's Hospital and Senior Associate in the University Department of Paediatrics, performed Victoria's first successful human heart transplantation operation following the establishment of the State's Paediatric Heart Transplantation Unit at the Royal Children's Hospital. The University of Melbourne Medical Society . continues to flourish, with a membership of approximately 1500.

26 MUSIC

Dean: Mr Ronald Farren-Price Three tutorial positions have been lost because it is impossible to continue three of the four tutorial Perhaps the most striking event of the year occurred positions following the cuts in funding and the with the visit of arguably the greatest living problem of repayment of the 1986 deficit. This is composer in the world today, Olivier Messiaen, his regretted for the Faculty has been well served by the wife the pianist Yvonne Loriod and other notable full- time tutorial staff. A senior lecturer position in French musicians. Messiaen's aura permeated the the composition field will also be lost. Faculty and climaxed the visit with two unforgettable performances — the 'Quartet for the End of Time' played by the Messiaen Quartet and the 'Vingt Regards Sur l'Enfant Jesus' played by Yvonne Loriod. Student Music Week again proved a most successful venture in the cultural life of the University and the community generally. Of special note was a performance of the Brahms 'Requiem by the Faculty Choir and Orchestra in St Paul's Cathedral. The Faculty took an active role in the Symposium of the International Musicological Society. During the Symposium the lith Century Project, jointly funded by Melbourne and La Trobe Universities, launched its inaugural recording. The arrival of a Research Scholar to assist the project of translating the letters of Bela Bartok into English has proved a stimulating impetus. For two weeks the Faculty hosted a delegation of musicians from the Tianjin Conservatory in China. Recently when the Dean was on a reciprocal visit to Tianjin, the Agreement drawn up in Melbourne was officially signed. This is the oldest conservatory in China. Following a grant of $40,000 from the Baker Institute towards the purchase of matching Steinway Concert Grands for Melba Hall, the Faculty has renewed its application for these pianofortes equally with its application for digital recording and computer music facilities. A bequest of $430,000 from the estate of the late Miss Gertrude Harris has prompted the Budgets Committee to make an early feasibility study on the possibility of building a lecture theatre. The aim is to re-house the Music Branch Library within the Faculty buildings. The Grainger Museum celebrated its jubilee this year with several outstanding exhibitions, culminating with the Percy Grainger Special Event. 27 SCIENCE

Dean: Professor Thomas W Healy levels for the basic facilities in which supervisors participate with Honours, Masters and PhD students Two new Professors joined the Faculty: Professor in a major national scientific research effort. J. Pickett-Heaps (Botany) and Professor P. Brockwell All departments have spread their research (Statistics). Both have already built strong research funding base with significant inputs coming from groupings in their respective Departments. the Wool Corporation, the IR & D Board Generic Professor B. J. McKellar (Physics) was elected Technology Scheme, CSIRO, local and overseas to membership of the Academy of Science while companies and from major trusts. The Faculty Professor A. E. Clarke was elected to the Academy continues, however, to rely on the Australian of Technological Sciences. Many other academic staff Research Council funding scheme and, as best it received honours and distinctions, notably can, attempts to fund key basic research areas as Dr H. Cohn was elected a Fellow of the Institute of well as those areas identified as national objectives. Mathematical Statistics while Dr K. Nugent (Physics) Our national objective is to provide the scientific was awarded a prestigious USA "R & D 100" leadership of this nation for the year 2000. international prize. Each and every department of the Faculty The Department of Zoology undertook a major participates in international science. Our scientists external review of all aspects of its operation and provide leadership in global "Greenhouse Effect" involvement in that process places the Department studies, in genetic technology and other areas in a strong position as it moves into the new of biotechnology, in areas of pure and applied Baldwin Spencer Zoology Building. mathematics and statistics, in the chemistry and The Faculty launched "Science at Melbourne", a physics of advanced materials, in the origin of global professionally produced' book to serve as a resource events forming the continents, in the taxonomy of to all high school students in Victoria to allow them our unique flora and in the impact of humans on to plan careers opened up by our Bachelor of the fauna of Australia. Our optometrists offer basic Science degree. understanding of the operation of new contact lens This book, funded by Chemplex Aust. Ltd, ICI materials as well as leading a major epidemiological Aust. and the National Australia Bank, highlights the study of VDU operators for the State Electricity major educational resource of the Faculty of Science. Commission. The increased student numbers accepted by the This year we highlight the role of many staff in Faculty have, by design, led to a steady increase in areas of pre-tertiary education. We have membership student-staff ratios. In particular, the total teaching of major State Education Department bodies planning load carried by the so-called "Faculty funded posts" the future of secondary school education and our rose yet again in 1988. This was offset by increased staff serve as members of examination boards in key funding for part-time, temporary or sessional staff science areas of biology, chemistry, mathematics, to ensure that increased lecture class sizes were physics and geology. This service to pre-tertiary supported by strong small group teaching. Analysis education includes refresher lecture series for science of the Faculty's "Students-at-risk" (S.A.R.) Scheme teachers and enrichment programs in schools. The showed that provision of tutorial support is a key MUPPETS Science Show in Physics, for example, gave element in ensuring high completion rates in the 50 performances to some 1800 secondary school Faculty. students during the year plus "travelling shows" at Teaching innovations in place in 1988 include a Horsham and Bright to more than 500 students. new first year Physics course for those who have not taken secondary school Physics and new joint courses in biology involving collaboration between the Departments of Botany, Genetics and Zoology. The commitment to "research through research 28 education" continues despite decreased funding VETERINARY SCIENCE

Dean: Professor K. V. E Jubb the animal industries with the clinical material of the course. The first-year student quota was increased from 32 . The number of research and course-work to 35 and there was no difficulty in meeting this students continues at about the same proportion with academically able students. The number of with an encouraging number of enrolments in the applicants through the Victorian Tertiary Admissions Master of Veterinary Science course-work area of Centre expressing a preference for Veterinary Science diseases and management of agricultural animals. (611) has declined slightly over the past five years Towards encouraging undergraduate interest in but the number of first preference applicants has research, the vacation studentship scheme has been stayed at about the same. Four students were continued with a number of studentships awarded admitted to the second year of the course having for the 1988/89 long vacation. completed the first year of a veterinary science Research groups within the Faculty have course at the University of Sydney (1) and the continued to be successful. The Equine Clinical University of Queensland (3). Research Unit received a grant of 570,000 a year The performance of students at annual for three years from the Ministry of Sport and assessment has been pleasing with pass rates likely Recreation to support investigations into racehorse to be close to 100 per cent following February performance. Work on the 'wobbler' syndrome has assessment. led to the establishment of a collaborative research The degree with Honours was awarded to 23 project with Washington State University supported students out of a class of 36. by funding from the Australian Equine Research Planning for a change to post-first-year selection Foundation. Equine reproduction continues to be a in 1991 has been completed and the proposal major interest to the horse industry and work approved by Council. Consequent changes to the continues on biocompatible implants for the delivery regulation governing the degree of Bachelor of of GnRH to mares to bring forward their breeding Veterinary Science and to Special Principles of cycle. Selection have also been approved. 1989 will be the 1988 saw the granting of a provisional patent for last year where students completing year twelve will recombinant vaccine to immunise sheep against be eligible to apply for entry. Students beginning infection with Taenia ovis and for recombinant tertiary studies in 1990 will need to undertake a antigens for improved serological diagnosis of first-year science course at tertiary level to include hydatid disease. This is the first highly effective Biology, Chemistry and Physics at a standard vaccine against a helminth parasite which has been required by the Faculty of Science at this University. produced by recombinant methods. Collaborative Some adjustments to the teaching of anatomy work with the Baker Medical Research Institute will need to be made as the teaching of this subject produced the world's first transgenic rat. A human commenced in first year with an introductory one- gene, connected with cholesterol metabolism and semester course. implicated in human heart disease, was introduced Other changes have been made to improve the into the rat which will then be used as a model for students, exposure to practical clinical work. The further studies of heart disease. practical work in the fourth year of the course will Mr J. H. Arundel, Reader in the Veterinary be assessed separately, as it is in the fifth year, Paraclinical Sciences Department, was made a Fellow beginning in 1989. Students will also be rostered for of the Australian Society for Parasitology and was clinical experience in the Veterinary Clinic and also awarded the degree of Doctor of Veterinary Hospital for an additional two weeks per year per Science honoris causa, in December. Dr M. J. student. Planning to include a component of animal Studdert has been appointed to the Board of production teaching at fourth- year level will be Management of CSIRO, Australian Animal Health considered by Faculty in 1989. This has the aim of Laboratory at Geelong on the basis of his expertise improving the integration of teaching in relation to in virus disease. Professor L. Jeffcott attended the 29 Olympic Games at Seoul as an official of the States was conducted. Federation Equestre Internationale to oversee the The Master of Business Administration program conduct of the equestrian events. Mr R. Lavelle was reviewed and re-organised on a semester basis. received the Meritorious Service Award from the This allowed the School to introduce additional Australian Veterinary Association. Dr C. S. Lee who electives in the final year of the program. joined the academic staff in 1970 was promoted to The Postgraduate Diploma in Management Studies a Readership on January 1988. Dr Lee's field of attracted continued interest from overseas students, research is in lactation and reproductive physiology. and the Master of Management by research degree The provision of the special early retirement was introduced. scheme in 1988 has lead to four early retirements. The Graduate School of Management Foundation This has led to losses in teaching strength in was significantly assisted by a Bicentennial gift from Anatomy, Parasitology, Pathology and Surgery. the AMP Society and the Chair of Finance was Adjustments have been made to cover teaching in retitled in recognition of this donation. these areas but the costs involved mean that Faculty Research activities were encouraged by grants is not in a position to re-fill two of these vacancies from the University and private sector organisations. before 1991. Dissemination of research results was through the The Faculty received a visit in July from Working Paper series (fifteen were produced), the Australian Veterinary Schools Accreditation research seminars and published articles and books. Committee. This newly established committee Research activities were supported by visiting had the initial role as 'proxy' for the Royal College academics and the School sponsored Professor Oscar of Veterinary Surgeons with regard to recognition Hauptmann from Harvard jointly with the Faculty of of Australian Veterinary degrees by the College. Engineering for an extended visit. The Veterinary Clinic and Hospital has had The School was assisted throughout the year another financially successful year and has been with strong support from the business community. able to undertake minor works to improve the This culminated with the announcement in waiting room and outer office area. Developments November that the University was entering a are planned for 1989 which will again improve the partnership with the business community in the teaching and research available to the Faculty. management of the Graduate School of Management.

GRADUATE SCHOOL OF MANAGEMENT THE LIBRARY 1988 was a year of continuing development for the Graduate School of Management. The major Two factors have influenced library planning during initiative was the introduction of the Executive 1988: the University-wide development of strategic Master of Business Administration program which planning and the prospective amalgamation with allows senior managers with significant work the Melbourne College of Advanced Education. experience to complete the Master of Business First, the Library has developed the broad structure Administration in 12 months. The program was of a Library Strategic Plan which will be developed approved in 1987 and the first students successfully during 1989. Second, by the end of the year the completed the program in 1988. future structural organisation of the Library, Further initiatives included the expansion of the the necessary integration of automated systems, Centre for Manufacturing Management. The Chair in and the alignment of institutional policies concerning Manufacturing Management was filled by promotion reader services had been decided. As an extension and a senior lecturer in information technology and of its reader services, the University broadened a lecturer in operations management were appointed. its participation in the CAVAL Reciprocal Borrowing The School appointed its first lecturer in the area Scheme to include undergraduates in 1989 the first of Public Sector Management and a detailed review central metropolitan university to do so. of public sector management education in the United To integrate the computer systems of the two 30 libraries funds will be provided in 1989 to develop Library's commitment, with strong academic the LIBS 100 system. Preliminary work to implement support, to the purchase of a major project on the integration of the systems began in 1988. the French Revolution which will encompass one Further development in the Library's automated million pages of research material and, it appears, systems continued. A substantial LIBS 100 system will be the only set in the country. As well as upgrade in the long vacation was followed by the purchased material the Library receives a constant introduction of a much-improved version of the flow of institutional and private gifts every year. on-line public access catalogue, CATALYST of which Of particular significance this year were the gifts of will be the basis of all future development. Australian children's books from Mr Terence O'Neill In the area of cataloguing systems, the Library and a Yiddish collection from the U S Yiddish with the support of CLSI (Australia) Pty Ltd, became National Book Center. The latter has provided a the first library to down-load data from the National significant foundation to our collecting to sustain Library's ABN Network replacing the previous developments in academic programs. weekly batch tape loading. The Library has also Comments made on the Law Branch Library continued to develop its use of CD-ROM technology in the Pearce Report have been noted. The most and pursued networking applications, between the substantial comments however, concerned Library and the University Bookroom. With the accommodation and the overall problem of housing support of the Faculty of Medicine the first phase the University Library's collection and services of a pilot program in computer-aided instruction adequately, continues to present a range of short, was introduced in the Brownless Medical Library. medium and long-term difficulties. During the year A step towards the automation of manuscript improvements were made in the Agriculture, collections in both the Australiana collections and Chemistry and Physics branch libraries and the new the University Archives was the adoption of the Zoology and Genetics branch library was in its final Titan DBMS package as the basis of these operations. stages of completion. The second stage of Kidd's Equipment, assisted by a private donation, was Store Library was completed for off-campus storage. installed, and staff training and system development The principal areas of concern continue to be the is now proceeding. Although only modest progress major accommodation needs for Archives, Baillieu was made in the retrospective conversion of the and the Law Library. The general pressures on the Library's older catalogue records, a milestone was whole of the system are also focused on problems the addition to the national bibliographic network of off-campus storage and the hoped for development of records identifying all current serial titles of a CAVAL Regional Storage Library. The latter project held by the Library. was again submitted for funding as a 1990 start The volatility of the exchange rate of the project. Australian dollar led to problems of an unexpected The Library participates actively in the external nature — a surplus at the close of the financial library scene through bodies such as ACLIS year. The growing strength of the dollar towards the (Australian Council of Library and Information end of the year resulted in committed funds being Services). The Library was involved in both the returned to the Book Vote too late for re-committal. planning for, and participation in the Australian The development of the collection has been Libraries Summit convened by the National Library maintained: The purchase of 35,000 monographs of Australia from 16-19 October, 1988. indicates both the general growth of the collection on a scale appropriate to a research library and CONTINUING EDUCATION of the Library's importance within the national infrastructure of library resources. Traditionally the University's continuing education As well as the printed collections, the Library's program has been concentrated in three areas: the microform holdings are of growing national public lecture program, short courses and courses importance. This aspect is demonstrated by the aimed at upgrading professional expertise, and the 31 provision of single subjects based on the normal In 1988, enrolments in these subjects totalled teaching program. 625, almost doubling the 1987 figure. The most popUlar subjects were offered by Arts, Economics Public Lectures and Commerce and Law.

Throughout the year University departments RESEARCH organised 24 public lectures on various topics. Expenditure on research by the University in 1988, Since 1980 the Tramstop Lecture Series, which funded by University, government and other grants usually draws on selected lectures from a number and commercial contracts and royalties, totalled of faculties, has been the premier lecture series in about $40m, some $4 m more than in 1987. Other the University. Five Tramstop lectures were held substantial income for research projects was gained in 1988 with contributions in history, law and directly by the University's associated research the environment. institutes. Lecturers were Professor G. Dening (History) Important advances were made in medicine, "Southern Cross/Northern Crosses"; Professor veterinary science, agriculture, engineering and G. Seddon (Environmental Planning) "Monuments various other disciplines, many yielding new — Praising and Forgetting"; Professor D. Lanham products and processes with expectations of high (Law) "Murder Most Australian"; Mrs R. Campbell commercial potential. (Law) "Crime and Criminals in Colonial Victoria" The year's research achievements included: and Dr D. Philips (History) "Blue Locusts in the • new and significantly more effective pesticide Bush? A History of Policing in Colonial Victoria". strategies against blowfly strike in sheep; The University's Continuing Education Committee • further progress toward improved drug treatments is monitoring the impact of public lectures, and new for arthritis, ulcers, cancer, asthma, high blood methods of advertising their availability is being pressure, irregular heart beat, glaucoma, intestinal considered. disorders such as diarrhoea and colic, and many Short courses and professional or refresher courses other ills; • discovery of the principal allergen in rye grass — In accordance with the University's policy of which could lead to a vaccine against hay fever; encouraging faculties and departments to develop • development of a model of facial bone courses drawing upon available expertise and development which will help in correcting facial facilities, short professional up-date and refresher deformities in children; courses are offered in several fields. In 1988, • improved techniques for enhanced recovery of 50 short courses were offered in Architecture crude oil from depleted field using polymer- and Planning, Arts, Economics & Commerce, augmented flooding; and . advances in high-speed Engineering, Dental Science, Medicine, Music, fibre-optic links for the next generation of digital Science and the Graduate School of Management. communication systems. , Single subject enrolment Other projects included research into manufacturing management strategies and practices Continuing Education also comprises single designed to help Australian industry become more subjects drawn from graduate or undergraduate competitive, the social and cultural issues programs of the University, modified in content or surrounding Japanese proposals that Australia be the assessment and approved by the Academic Board. site of an international city of the 21st century (the These courses are available to members of the public so-called "multi-function polis") and improving who may not necessarily have the normal entrance traffic flow at signalled intersections. requirements. These subjects are not available for The University's research activities reflect an credit towards a degree and do not satisfy University underlying belief that creativity in research and 32 entrance requirements. excellence in teaching go hand-in-hand. STUDENT SERVICES

Student services continued to make substantial the year, while an Interim Union Committee, chaired contributions to the welfare of students and staff by the SRC President under took all the transitional of the University. As with many other areas of arrangements and the drawing up of a Constitution the University, preparation for the impending ready for a transfer of assets, liabilities, activities and amalgamation with the Melbourne College of staff, to an incoming, elected Student Union Council. Advanced Education (MCAE) consumed a great With a continued reduction of the catering deficit, deal of time and attention. As a direct outcome, more funds are channelled into improvements, arrangements for better integration of student maintenance and refurbishing of Union House, services were designed, which will be implemented where a continuous jigsaw puzzle is played, in as opportunity allows in coming years. The most an attempt to make every square metre useful. tangible expression of these arrangements was the The ever-growing student population puts decision to re-locate the Careers and Appointments tremendous pressure on the facilities, e.g. 8,000 Service, together with the student advisory services people enter the building at lunchtime, for food, of Financial Aid, student part-time employment and shelter and recreation, and a disproportionate the Housing Advisory Service in the old Zoology amount of time is spent queuing up for these Building when it becomes available late in 1989. services. The Committee of Student Services Heads From January 1989 the Student Union will also (COSSH) played an important role in facilitating occupy the former premises of the MCAE Student discussions with the staff of Melbourne College's Association at Carlton, i.e. part of the 1888 Building, student services, which was represented in COSSH which is expected to be as busy as Union House. meetings for most of the year. The re-establishment of the paid Contact officer, and the enlargement Careers and. Appointments Services of the physical site of this service in the Union Building, were felt to have improved the access of Employer demand for our students continues to students to student services generally. The Contact be buoyant and employer use of the Service, despite office provides a point of focus in the Student Union the introduction of charges to meet some of our for students who are in need of support, no matter operating costs, continues at a steady. level. how marginal, and provides an effective point of The appointment of additional staff as one of the referral to other student services where the Contact important outcomes of a comprehensive review of staff feel that this is appropriate. the Service has enabled the Service to extend and refine the range of facilities it can offer, and has led The Union to a further increase in student use.

The complex organisation of the Union involves Counselling and Advisory Services the provision of recreational and cultural facilities, meeting rooms, food outlets as well as other service The Counselling and Advisory Services units and commercially-oriented activities and functions. were subject to steady use, although in the Student The cash flow is derived from annual fees and from Financial Aid Office, a substantial increase in the trading operations and approximates S6 million number clients was experienced — arising from a year. the need for students to pay the Government 1988 was eventful in that trading was expanded Administration Charge. and that arrangements were put in place for the Staff were involved in planning to accommodate amalgamation of the University Union, the Students' the changes arising from the proposed merger with Representative Council and the two MCAE Student the Melbourne College of Advanced Education. As a Associations, being incorporated as Melbourne consequence, space in the Old Zoology Building has University Student Union. Consequently, the Union been allocated to Student Financial Aid and Student Committee of Council was dissolved at the end of Housing Services. The location of these heavily used 33 services in close proximity to the Student Union will Student Health significantly improve the access to these services. Aboriginal employment — A significant initiative - The Health Service remained busy with a peak of was taken to improve the University's performance activity in July associated with a high incidence of in the employment of Aboriginal people. With the respiratory illness. Department of Employment, Education and Training A study of cervical smears involved collecting (DEET), the University established the Aboriginal detailed information which may help to explain the Employment Strategy. Under this Scheme, University increasing incidence of abnormal smears in young and DEET funds will assist the appointment of women. Aboriginal staff into positions in the University As usual, many students travelled overseas in funded from normal recurrent budgets. This aspect the vacations and there was a pleasing response of the Scheme differs from previous attempts made to advice to attend the Service eight to ten weeks by the University to increase the numbers of before their planned departure. This was particularly Aboriginal staff. These relied on the provision of necessary in the case of India, where there was external funds to initiate training programs for a serious epidemic of Japanese encephalitis. Aboriginal staff. While it is too early to assess the impact of the new Scheme, it is likely that its Sport and Physical Recreation objective of obtaining the employment of 39 Aboriginal staff in continuing general staff positions Some outstanding performances were achieved, in the University over the next three years will by University of Melbourne athletes local, national be achieved. and overseas competitions. University athletes won 11 championships and were placed in 9 others. This Chaplains was an outstanding result, given the intensity of competition and the fact that up to 20 universities Chaplaincy services, now operating from the compete at an Australian Universities Student Union Building, provided support to many Championships. students. While formal religious observances are a 1988 was an Olympic year. The University was feature of the chaplaincy, many on an ecumenical represented in Seoul by Peter Antonie and Paul basis, spiritual and practical support is offered to Reedy in the quad scull, coached by David Yates of students in individual and group sessions. In Melbourne University Boat Club and who finished particular, there is some emphasis on the needs of fourth, Hamish McGlashan in the single sculls (also overseas students. fourth) and Manfred Lewandowski, the Sports Centre Physical Recreation Officer , who was sprint coach of Childcare the Olympic track team. The most remarkable performance in a world The University's childcare services have a championship was that of University Blue John capacity of 109 full-time places, but many of these Jacoby who won the World Canoe Marathon are offered on a sessional basis, to enable greater championship for the fourth year in succession. access to the facilities, especially for students. In other international commitments this year, the Demand for places is high, especially for very University maintained its close ties with Japan. Once young children. more we successfully hosted a visiting rowing crew from Keio University and a team of eight Melbourne The services were extensively reviewed during University runners competed in the Ekiden women's the year, and in future each site will operate co- international road relay race in Osaka. operatively but as separate cost centres, with revised Around the University campus, recreational staffing arrangements to permit the appointment of programmes have once more been popular. Aerobics professionally qualified directors to each centre. are run 5 times a day and continue to be well 34 patronised, and the use of recreational facilities and • amalgamations. services such as fitness assessment and weight On the other hand, the Committee encouraged programmes indicates that interest in physical the University to pursue other suggestions in the pursuits is high amongst the University community. "Green Paper", including amalgamation with the 1988 saw extensive demands being made on the Melbourne College of Advanced Education, the facilities of the Sport and Physical Recreation Centre. provision of full-fee courses, further co-operation The Air Hall that sat on top of the Sports Centre with industry, and improved public relations. building and served as a gymnasium succumbed to In June the Committee considered a report from strong winds in July, which was a very serious loss its sub-committee set up to consider the proposals of to a Sports Centre already short of facilities. Plans the Commonwealth Committee on Higher Education are currently being developed to replace the Air Hall Funding - the "Wran Committee". Although with a permanent second storey. highlighting some concerns, the Committee There have also been considerable renovations supported the "user-pays-in-part" principle for and repairs in the Beaurepaire including the Pool higher education funding, and concluded that the and the Trophy Hall. "Wran Committee" proposal for deferred payment of 20 per cent of the course costs with repayment CONVOCATION AND at two per cent of taxable income beyond an agreed THE COMMITTEE OF CONVOCATION threshold was a viable option. The report was Mr John Clark, previously a representative of forwarded to Council which decided not to oppose graduates in Engineering from 1984 to 1986, was re- the introduction of the scheme. Later in the year the elected as President of the Committee of Convocation Committee considered the Government's "White in December 1987 for two years. In April Mr Hume Paper" - Higher Education - A Policy Statement - Dow, a representative of graduates in Arts, was July 1988. re-elected for a third term as Deputy President. It pointed out that the "White Paper" seemed His term ends on 30 April, 1989. to propose even more centralised control over The Committee of Convocation normally meets universities than its predecessor the "Green Paper". monthly from March to December. Its primary During the year, several members addressed the responsibility is to consider all legislation approved Committee: by University Council. Under the University Act, the • Dr Robert Simpson, a representative Medicine Committee also submits for Council's consideration graduate, spoke to members about "Life at Six suggestions on the affairs and concerns of the Knots: The First Fleet Revisited"; University. • Dr S C Ducker, who represents Science graduates, A special meeting of the Committee was held in spoke on "Port Phillip Bay: The Early Exploration February to discuss the Federal Government's Higher by Botanists"; and, Education Policy Discussion paper (the "Green • Professor Chris Wallace-Crabbe who had recently Paper"). The Committee noted that the "Green been appointed to a Personal Chair in English, Paper" demanded an increased responsiveness on addressed members on "Boston, Dear Old Boston". the part of the universities and colleges of advanced During 1988 the Committee also contributed to education to the perceived needs of industry and the University's revision and consolidation of its the community for vocation/skill oriented training. legislation and a Convocation working party, after But it was the Committee's view that the University considering each chapter made numerous already demonstrated both responsiveness and suggestions for amendment. accountability to community needs. The annual ordinary meeting of Convocation Committee concerns included: was held on 15 April. Professor Geoffrey Blainey, • proposed method of funding; Faculty of Arts, spoke on "Australia's Long Voyage", • research funding; and afterwards 70 graduates and friends attended • standards of excellence; and a dinner in University House. 35 THE ALUMNI OFFICE THE GRADUATE UNION

From the Botanic Gardens of Mt Tomah in the The major role of the Graduate Union is that of a Blue Mountains to a seminar on "Immigration, postgraduate college of the University of Melbourne. Education & Investment in Australia" held in Hong The Graduate Union also develops a range of Kong, from a reception at the new Parliament House collegiate, social and club activity for all its in Canberra to a tour of the Forestry School at members, non-residential and residential. There is Creswick — 1988 saw a range of activities linking a willingness to offer facilities to the graduates of alumni of the university of Melbourne in a closer other tertiary institutions. and more informed relationship with their During 1988 the Graduate Council, the governing University. Board of Directors, considered its size and The New York-based North Eastern American effectiveness to guarantee adequate continuity Branch was the latest Alumni Association branch of membership to deal with major policy issues. to be formally chartered — at a lunch within sight It also considered changes to the Articles of of the Empire State Building — bringing the total Association for possible adoption in 1989. Further number of the branches interstate and overseas amendments to its Articles to express the Graduate to eight. Union's principal role more appropriately were also Members of the Alumni Association living near discussed. Melbourne took part in the busiest programme of Several generous donations made it possible to events to date, with many activities subscribed to refurbish some public rooms at Graduate House. the maximum. Speakers of the calibre of Melbourne Further property developments were under graduates Germaine Greer and Sir Gus Nossal and consideration, varying from relatively modest venues as varied as Kellybrook Winery and the proposals for the provision of additional basic candlelit splendour of Ormond College dining hall student accommodation to large-scale property contributed to a programme designed to interest and developments which could incorporate the needs to educate, to strengthen understanding between of the Graduate Union. alumni and their alma mater. MELBOURNE UNIVERSITY PRESS The most tangible and lasting memento of the year was the magnificent "University Quilt", made 1988 was an eventful year for Melbourne University as a communal project by 42 members of the Press. Hamilton Quilters. The quilt, a model of ingenious A large number of new releases included Return design and intricate needlework, includes details to Tahiti: Bli gh's Second Breadfruit Voyage by such as the actual silks used in the University's Douglas Oliver and The Contented Botanist: Letters academic dress. It represents aspects of University of W H. Harvey about Australia and the Pacific life and now hangs in the Alumni Office in Leicester edited by Sophie C. Ducker — the second and third Street, Carlton. volumes to bear the prestigious imprint of the The latest faculty-based alumni group — Miegunyah Press. the University of Melbourne Engineering Society — Other new releases of special interest were the was launched. Such groups, while linked to the biography Percy Jones: Priest, Musician, Teacher by University-wide Alumni Association, can promote Donald Cave; To Kokoda and Beyond: The Story of common concerns within a profession and help to the 39th Battalion 1941-1943 (the paperback edition) involve graduates in the work of the Faculty. compiled by Victor Austin; and Good Men and 7).ue: For former students everywhere, regardless of The Aboriginal Police of the Port Phillip District their degree subject or location, the Alumni Office 1837-1853 by Marie Hansen Fels. sent out four issues of the University Gazette, In terms of sales, the Press had an all-time together with a range of departmental and college record year, reflecting several years of continuous newsletters. improvement in performance and marking appropriately the retirement of Mr Peter Ryan and Professor John Poynter as Director and Chairman, 36 and the appointment of Mr Brian Wilder and To match this, the University will have to abandon Professor Victor Prescott in their places. most of its 1989 normal minor works program. The new Zoology building with glasshouses and BUILDINGS animal houses for Botany and Agriculture and The year was one of change with several highlights. Forestry is nearing completion. Planning for the use These included: of the former Zoology building for Economics and • the retirement of Vice-Principal Mr Ray Marginson Commerce and student services is proceeding. The after 22 years in charge of the business activities; Architecture and Planning building's fully-enclosed • preparation for the amalgamation with the atrium was virtually completed at the end of 1988. Melbourne College of Advanced Education; The University's part of the new wing of the Royal • continuing difficulties in the major building area Melbourne Hospital for Surgery, Medicine and (mostly industrial relations), particularly with Psychiatry was completed during the year plus over completion of the new Zoology building together $3 million of other minor works. Planning was with the associated glasshouses and animal houses started for extension of the Alice Hoy building and the preparation for restoration of the Systems in the Institute of Education. Garden; A signigificant review of building priorities • the completion of an enclosed atrium in the resulted in the following revised list of priority Architecture and Planning building; requests for capital to DEET. • the demise of the Cussonia tree; and • Information Technology and Electrical Engineering; • continuing difficulties with planning authorities, • Extensions to Economics and Commerce and to in particular the new planning scheme (RL5), Baillieu Library (a combined project); and implementation of a Knowledge Precinct, • Plant Sciences and Biotechnology preparation of a conservation report, development The Grounds Advisory Committee Chairman, of the Werribee Technology Precinct and the Professor George Seddon, resigned during the year proposed transfer of the Faculty of Agriculture and Mr John Anwyl replaced him. and Forestry research activities from Mt Derrimut The amalgamation with the MCAE is producing to Werribee. pressures for accommodation changes, parking The University faces major adjustments re-arrangements, integration of staff, changes to procedures and its activities following the in procedures and probably in funding. Government's transfer of responsibilities for oversight of higher education to the Department of Employment, Education and Training. The thrust for greater expansion of enrolments of students has meant enormous pressures on the University for additional facilities. This, allied with the University's ability to draw in a continuous flow of research funds, means greater pressure on facilities. The management and efficient use of space has become an issue, particularly when it is realised that a square metre costs the University more than $100 a year to provide and operate and the University has more than 330,000 square metres with a replacement value of more than $500 million for buildings alone. The second major change arising from DEET has been a changed attitude to minor works with the establishment of a major renovations grant.

and will involve the development of a resource for the University and the general community, together with a program of academic teaching and research in association with departments in the Faculties of Arts and Science. rj The Artist-in-Residence, for 198 as e painter Robert Hunter. This residency stappor ed by a grant from the Visual Australia Council. The University of Melbourne Corn ised Catalogue Project during 1988 continued its important task of cataloguing trie works of Art in the Collection. The collections of the Departments of Classics and Middle Eastern Studies, and the Ballieu' Library Print Coltiction have now been lirikia to the system and information on those collections is bein added to the main database.

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FINANCE

FUNDING FOR 1988 FOR ALL TEACHING, RESEARCH AND SUPPORT ACTIVITIES

The main source of funding for 1988 for the general teaching-and-research activities of the University and for support services for these activities was the general recurrent grant of 5134.647 million provided under the States Grants (Tertiary Education Assistance) Act. (5130.898 million of this came as a Commonwealth Government Grant and 53.749 million from amounts received from students for the Higher Education Administration Charge) The University's total income of almost 5223.3 million for 1988 included 588.650 million outside the general recurrent grant. (A summary of the various income categories making up the total of 588.650 million is set out in Appendix A) In most, but not all cases, each of the components of the various categories of income making up the total of 588.650 million was available for some specified purpose (eg a particular research programme) and could not be used for any other University purpose. It was necessary, therefore, to operate separate accounts ("Funds") for each item of income available only for a specified purpose. Although all these Funds had to be held and accounted for separately, it was necessary for some reporting purposes to aggregate the income and expenditure for all the Funds relating to the teaching activities and the research activities of the University and to support services for those activities. This was done through the following sections of the University's Financial Statements, which will be submitted to Parliament, after audit, as Part 2 of the Annual Report for 1988: 1=1 1 Combined Statement - Summary ❑ 2 Combined Statement - Income 1=1 3 Combined Statement - Expenditure The next three headings of the Finance Section of Part 1 of the Annual Report relate only to the general recurrent grant, as this was the main source of funding for the University's general teaching-and-research activities for 1988 and their support services.

CHANGES BETWEEN THE GENERAL RECURRENT GRANTS FOR 1987 AND 1988

Two substantial reductions were made by the Commonwealth Tertiary Education Commission (CTEC) in the base level of the University's general recurrent grant from the beginning of 1988: Reduction as part of the general cut in grants to Tertiary Education Institutions 51.520 million Transfer of funding from the University to the Australian Research Council 5 .455 million 51.975 million The base level of the grant was increased by 51.297 million for 207 additional Commonwealth funded student places in 1988 - but these additional student places involved increased expenditure. The general recurrent grant was increased as follows towards the costs of the second tier salary increases and the new Tertiary Education Superannuation Scheme (TESS) contributions, in each case from July 1988: For second tier rises* Academic staff 51.053 million General staff 5 .489 million For TESS contributions (estimated amount) 51.259 million Supplementation for other cost rises, based on movements in the Department of Employment, Education and Training (DEET) cost indices, increased by the following amounts between 1987 and 1988: Supplementation for increases in salary 51.819 million rates other than the second tier rises Supplementation for increases in the non- salary costs index 52.448 million 54.267 million 41 In mid 1988, the Commonwealth made an advance of 5.800 million available towards the cost of payments under the 1988 special early retirement scheme. This advance was to be repaid by two equal deductions from the 1989 and 1990 grants. The above changes accounted for a net $7.190 million of the total increase of $7.311 million in the general recurrent grant, from $127.336 million for 1987 to $134.647 million for 1988. *The future rates of DEET grants towards the costs of the second tier rises will be scaled down as follows: For academic staff - to an average of 75% of the costs in 1989 and 50 % from 1990 onwards For general staff - to an average of 30 % of the costs in 1989, ceasing at the end of that year

BUDGETARY PLANNING FOR USE OF THE GENERAL RECURRENT GRANT FOR 1988

The University's budgetary arrangements for the general recurrent grant have been based for many years on decentralisation to Faculties and other Budget Divisions of decisions on the use of the resources which can be made available for their activities. Lump sum amounts are reserved for allocation by Budget Divisions. Decisions on the use of the lump sum amount reserved for a Division are made by the Divisional Budgets Committee, having regard to the Division's priorities and after taking account of on-going staffing commitments and budgetary guidelines from the Central Budgets Committee. The Initial Budget for 1988, developed in October 1987, was based on an estimate of the general recurrent grant for 1988. This estimate in turn was based on the CTEC salary index levels at 30 June 1987 and a forward estimate of the level of the CTEC non-salary costs index for the December quarter 1987. The 1987 allocations to Budget Divisions were updated on a similar basis. (The cost indices later became the responsibility of the Department of Employment, Education and Training) As in earlier years, it was assumed that, apart from a possible shortfall, the 1988 costs of salary rises after 30 June 1987 would be covered by later Commonwealth salary supplementation. The Budget reserved an amount to cover such a shortfall if it occurred. Because of the reduction of $1.975 million made in the base level of the general recurrent grant for 1988 (see the second heading of the Finance Section, above), the draft initial budget for 1988 showed an overcommitment of over $1.7 million. To reduce this overcommitment, the Central Budgets Committee decided: ❑ to cut the Research Vote by (this was an amount equivalent to the reduction in the general recurrent grant for the transfer of funding to the Australian Research Council) 5.455 million ❑ to cut the updated allocations for each Budget Division by 1% $1.114 million This left an overcommitment of .157 million, which it was hoped would be covered by non-salary supplementation proving higher than the estimate included in the Budget, or by later savings in expenditure.

CHANGES IN 1988 FROM THE INITIAL BUDGETARY POSITION

There were a number of significant changes in the budgetary position during 1988: ❑ Second Tier Salary Rises Second tier salary increases of 4 % were approved from mid 1988. Full supplementation was received toward the costs of the increase for academic staff, but only 60% supplementation toward the costs for general staff. The 40% balance had to be funded from within the University Budget. ❑ TESS The Tertiary Education Superannuation Scheme (TESS) was introduced from July 1988, involving University contributions of 3 % of all salaries (except for those of some casual part-time staff). Commonwealth supplementation was received for these costs, but not for the higher costs resulting from the introduction 42 of a superannuation element into the charges for contract services. ❑ Non-Salary Supplementation The final level of non-salary supplementation for 1988, advised in May 1988, was higher than had been estimated when the initial Budget was prepared in October 1987. ❑ Library Materials Vote As a result of the strength of the Australian Dollar in the final quarter of 1988, when most of the overseas payments from the Library's Library Materials Vote were made, that Vote was well underspent. This made it possible to meet from the general recurrent grant some expenditure (mainly for University Development Fund academic positions) which would have been funded otherwise from University Reserve Funds. ❑ Special Early Retirement Scheme In order to encourage staffing flexibility, the Commonwealth Government made available an advance of $.800 million (repayable over 1989 and 1990) to meet payments in 1988 under a special early retirement scheme for academic staff. The Commonwealth Government agreed that the amount made available could be augmented from the University's funds. After consideration of applications from eligible members of the academic staff, approval was given for thirty three staff to take early retirement at the end of 1988 under the special scheme. S 800 million of the payments under the special early retirement scheme was met from the Commonwealth Government advance. Of the balance of the special early retirement scheme payments and the consequential payments in lieu of long service leave: ❑ as much as possible was met from the 1988 general recurrent grant - through Divisional allocations, the Discretionary Fund reserved in the original Budget, and net savings on other Budget amounts. ❑ the balance was met from University Reserve Funds It was part of the funding arrangements for the special early retirement scheme that the amounts equivalent to the costs not funded from Divisional allocations for 1988 would be deducted from the allocations to the relevant Budget Divisions over 1989 and 1990. This will make it possible over these two years to: ❑ repay the Commonwealth advance ❑ clear the advance from University Reserve Funds, by appropriate transfers of 1989 and 1990 expenditure The net effect of all the above changes was to leave expenditure from the general recurrent grant for 1988 at the same level as the grant. A summary of expenditure from the general recurrent grant for 1988 is set out in Appendix B, with a comparative summary for 1987.

FALL IN THE LEVEL IN REAL TERMS OF THE GENERAL RECURRENT GRANT FUNDING FOR THE UNIVERSITY'S NORMAL PROGRAMME

Attention is drawn again to the series of outside decisions and events which have resulted in reductions in the level of general recurrent grant funding available, in real terms, for the University's normal programmes. Some of these factors have been: ❑ successive reductions, from the beginning of each of 1980, 1981, 1982, 1983, 1985 and 1988 in the real level of the general recurrent grant ❑ earlier cost rises thought not to have been fully reflected in non-salary supplementation ❑ additional costs incurred as a result of Government or community special initiatives, without additional funding being provided ❑ increases from 1986 onwards in the number of student places, funded at well under the average normal grants per student Although individually some of the grant reductions and additional costs may not be seen from outside as very significant when compared with the overall level of the general recurrent grant, collectively they have resulted in real pressure on general recurrent grant funding for the University's normal programmes and support facilities. 43

Some idea of the extent of that pressure can be gauged from the following information for 1980 and 1988: 1980 1988 Student Load (in EFTSU - equivalent full-time student units) 13,574 14,353 Student/Staff Ratio (based on EFTSU) 11.4:1 12.8:1 Full-time and Fractional Full-Time Staff Numbers at 30 April (but excluding "Research Only" staff) Teaching-and-Research Academic Staff 1,013 944 General Staff 1,693 1,533 (excluding staff of Auxiliary Operations)

TOTAL 2,706 2,477

TOTAL STUDENTS ENROLLED, BY LEVEL - 1988 @ 30 APRIL

El HIGHER DOCTORATE: 33 (0.19%) i0 MASTERS PRELIMINARY: 226 (1.35%) 0 ADDIT. SUBJ'S/COMPLEM. CO.: 607 (3.63%) 0 POST-GRADUATE DIPLOMA: 634 (3.79%) PH.D.: 994 (5.94%)

MASTERS: 1608 (9.61%)

BACHELOR: 12631 (75.49%)

TOTAL STUDENTS ENROLLED: 16733

FULL-TIME STAFF -1988 @ 30 APRIL

PUBLIC SERVICES: 10.90 (0.31%)

STUDENT SERVICES: 35.65 (1.01%)

ACADEMIC SERVICES: 280.81 (7.95%)

INDEPENDENT OPERATIONS: 338.67 (9.59%)

ACADEMIC ACTIVITIES "RESEARCH ONLY": 459.09 (13.00%)

GENERAL UNIVERSITY SERVICES: 552.24 (15.64%)

SUPPORT OF ACADEMIC ACTIVITIES: 909.49 (25.76%)

ACADEMIC ACTIVITIES 'TEACHING-AND-RESEARCH': 943.60 (26.73%)

TOTAL F/T STAFF: 3530.45 44 (For comparability, the figures for the RAAF Academy have been excluded from the totals for 1980) "Research Only staff have been excluded from the above table because in most cases the direct costs have been funded from outside donations or Government grants for research purposes and not from the general recurrent grant. The "Research Only" staff numbers increased by 229, from 486 in 1980 to 715 in 1988. This increase, funded mainly from outside income, has been of great benefit to the University's research programmes, but of necessity it has increased pressure on the departmental and University infrastructure of support services - and thus on the University's general recurrent grant.

GENERAL OPERATING GRANT FOR 1989

From the beginning of 1989 the Commonwealth Government will provide a general operating grant, in place of the following previous separate grants: General recurrent grant Special research grant Equipment grant Minor Works grant The general operating grants for 1989, announced in November 1988, totalled $175.294 million for the University and the Melbourne College of Advanced Education, which amalgamated from the beginning of 1989. DEET's estimate of the total grants for 1988, in the same cost levels, was $174.181 million. (The calculation of these totals is set out in Appendix C) In considering the total for 1989, it needs to be remembered that almost $2.5 million of that total is for additional student places in 1989. These additional student places will involve substantial additional costs. A further factor in that the 1989 cost of the 1988 Second Tier salary rises will be well in excess of the DEET funding of $3.416 million for 1989. Because of these factors and other cost rises, the University found it necessary to reduce the Research Vote for 1989 by $.772 million, and the updated allocations to all Budget Divisions by 3.3 %.

45 APPENDIX A

UNIVERSITY INCOME FOR 1988, OTHER THAN THE GENERAL RECRUITMENT GRANT

Recurrent Building Total Purposes Capital Purposes $ Million $ Million $ Million

Other grants under the States Grants Act Special Research Grant 2.187 2.187 Grants for Special Research Centres 1.640 1.640 Grants for Key Centres 0.227 0.227 Equipment Grant 8.656 8.656 Grant for University Contribution towards certain expenditure of Teaching Hospitals 0.661 0.661 Grant for Drug & Alcohol Education 0.056 0.056 Grant for Special Assistance to Students 0.143 0.143 Grant for Minor Works 1.168 1.168 Grant for the New Zoology Building 7.118 7.118

SUB-TOTAL 13.570 8.286 21.856 Other Commonwealth Grants For Specific research programmes 16.713 16.713 For other programmes 0.713 0.713 State Government Grants (Including $0.884 million for additional student places) 3.290 3.290 Fee Income from "Full-fee" students and for continuing education courses (other than Advanced Management Education) 2.428 2.428 Amenities & Service Fees 3.957 3.957 Investment Income 9.121 6.029 15.150 Donations and Grants (other than from Commonwealth & State Government) 7.777 7.777 Charges for Services (including rent and parking fees) 11.302 1.003 12.305 Other Income 3.761 0.700 4.461 TOTAL INCOME OTHER THAN THE GENERAL RECURRENT GRANT 72.632 16.018 88.650

46 APPENDIX B

SUMMARY OF EXPENDITURE FROM THE GENERAL RECURRENT GRANT FOR 1988 (with comparative amounts for 1987)

1987 1988 $ Million $ Million

EXPENDITURE FOR THE YEAR Academic Activities Teaching and Research 77.668 82.901 Identified Research-Only 4.112 3.822

Academic Services Central and Branch Libraries 9.589 9.665 University Computing Services (expenditure less amounts met from recoveries) 1.481 1.278 Other Centralised Academic Services 1.471 1.528

Ancillary Student Services Research Scholarships 1.424 1.694 Other Ancillary Student Services 1.258 1.294

General University Services Administration* 11.248 11.997 Overheads* 6.774 7.398 Buildings & Grounds* 11.732 12.242

Public Services 0.275 0.292

Independent Operations 0.206 0.274

TOTAL EXPENDITURE FOR THE YEAR 127.238 134.385

Transfers of Prior Years Expenditure 0.098 0.262

TOTAL EXPENDITURE FROM THE GRANT 127.336 134.647

GENERAL RECURRENT GRANT FOR THE YEAR 127.336 134.647 (including $3.526 million for 1987 and $3.749 million for 1988 from Higher Education Administration Charge Income) *Amended figures for comparability with treatment of items in 1988

47

APPENDIX C

THE TOTAL OF THE GENERAL OPERATING GRANTS FOR 1989, ANNOUNCED IN NOVEMBER 1988 FOR THE UNIVERSITY AND THE MELBOURNE COLLEGE OF ADVANCED EDUCATION

(the 1988 amounts shown are DEET's assessment of the comparable grants for 1988 at the same cost levels as the grants for 1989)

1989 1988 S Million S Million 8 Million Initial Base consisting of the amalgamation of the previous separate grants: 158.605 157.824 - General Recurrent Grant (the increase relates to additional "pipeline" student places for 1989) 2.257 2.257 - Special Research Grant 9.889 9.691 - Equipment Grant 1.336 1.336 - Minor Works 172.087 171.108 - SUB-TOTAL Less reduction for 1989 transfers to: DEET Reserve Fund 1.743 - Australian Research Council 1.655

3 . 398 168.689 171.108 SUB-TOTAL Increases to New Base - For an additional 195 student intake places in 1989 1.666 - For special assistance for 1989 1.415 3.081

171.770 171.108 TOTAL NEW BASE Plus further adjustments 0.052 - Funding for the Aboriginal participation Initiative 0.128 3.021 - Funding for the Second Tier Salary Rises 3.416 - Assistance with Higher Education contribution Scheme (HECS) Administration 0.549 - Recovery of part of the 1988 advances for the 1988 early retirement scheme (0.569) 3.524

175.294 174.181 TOTAL OPERATING FUNDING

In considering the above total for 1989, it needs to be remembered that almost S2.5 million of that total is for additional student places — both "pipeline" places from additional student intakes in earlier years and additional first year places in 1989. These additional student places will involve additional costs. A further factor is that in the 1989 costs of the 1988 Second Tier salary rises will be well in excess of he DEET funding of 83.416 million for 1989. •

48 THE UNIVERSITY OP MELBOURNE

ANNUAL REPORT 1988 (PART 2, - FINANCIAL STATEMENTS) THE UNIVERSITY OF MELBOURNE

ANNUAL REPORT - 1988

LPART 2 - FINANCIAL STATEMENTS)

NO. CONTENTS PAGE

NOTES ON THE UNIVERSITY'S PUBLISHED FINANCIAL STATEMENTS FOR 1988 7-11

1 COMBINED STATEMENT - SUMMARY 12

2 COMBINED STATEMENT - INCOME 13

3 COMBINED STATEMENT - EXPENDITURE 14-18

4 GENERAL ACCOUNT - STATEMENT OF BALANCES 19

4A CONSOLIDATED STATEMENT OF SOURCES AND APPLICATIONS OF FUNDS 20

5 TRUST ACCOUNT - STATEMENT OF BALANCES 21

6 STUDENT LOAN FUNDS 22-23

7 HALLS OF RESIDENCE 24-25

8 MELBOURNE UNIVERSITY UNION 26-27

9 CHILD CARE SERVICES 28-29

10 SPORT AND PHYSICAL RECREATION CENTRE 30-32

11 SPORTS UNION 33

12 VETERINARY CLINIC AND HOSPITAL 34-35

13 STRATHFIELDSAYE ESTATE 36-37

14 GRADUATE SCHOOL OF MANAGEMENT - ADVANCED MANAGEMENT EDUCATION 38-39,

15 GRADUATE SCHOOL OF MANAGEMENT - RESIDENTIAL HOUSE 40-41

16 MELBOURNE THEATRE COMPANY .42-43

17 STAFF SUPERANNUATION (1986) FUND 44-45

18 STAFF HOUSING ACCOUNT 46-47

19 MELBOURNE UNIVERSITY PRESS 48-49

19A MELBOURNE UNIVERSITY PRESS - STATEMENT OP SOURCES 6 APPLICATIONS OF FUNDS 50

MELBOURNE BUSINESS SCHOOL LIMITED 51-65

STATEMENTS BY VICE-CHANCELLOR, REGISTRAR AND PRINCIPAL ACCOUNTING OFFICER 66

AUDITOR GENERAL'S REPORT 67

THE UNIVERSITY OF MELBOURNE NOTES ON THE UNIVERSITY'S PUBLISHED FINANCIAL STATEMENTS FOR 1988

ACCOUNTING POLICIES

1.1 The University's normal annt....i teaching cycle is encompassed in the calendar year and so its accounts are published for the twelvemonths ending 31 December in each year (except for the Melbourne University Press for which the financial year ends on 30 September). This is a requirement under Section 41 (3) (c) of the Melbourne University Act 1958. Government grants under the States Grants (Tertiary Education Assistance) Act are also made available on a calendar year basis.

1.2 The accounting system assumes the 'going concern" basis.

1.3 The accounts for Combined Statement Funds are maintained and published on a modified accrual basis (Refer Note 2).

1.4 The University does not operate for the purposes of making a profit which can be expressed in monetary terms. Most of its funding comes from the Commonwealth Government, which provides separate grants for operating purposes, for the purchase of equipment (whether new or replacement), for minor building works and for any major building project which is approved.

For these reasons, and in common with most government departments and educational institutions, the conventional distinction between capital and recurrent expenditure is not maintained for Combined Statement Funds.

Amounts applied during each accounting period for the purchase of equipment and consumable stores, for the construction of buildings and for major building alterations are recorded as expenditure for that period, against the amounts of income received for that expenditure or against other income available for the purpose.

(For 1988, Combined Statement expenditure on purchases of equipment totalled $12.7 million, and expenditure on New Buildings and Purchase of Land totalled $16.5 million).

Consequently, depreciation of buildings and equipment is not seen as appropriate for Combined Statement Funds, and the only assets shown in the accounts for these Funds are cash, bank balances, investments, debtors and prepayments. Universities are not permitted to charge depreciation against Commonwealth Government Grants under the States Grant (Tertiary Education Assistance) Act.

2

1.5 The University's liabilities in respect of long service leave and accumulated annual leave are not included in the financial statements. Such liabilities are excluded on the basis that the expenditure will be charged in the accounts of the year in which the leave is taken, or the member of staff retires or resigns. University policy is to encourage staff to take long service leave and annual leave soon after the entitlement accrues (Refer Note 9).

1.6 Accounting practice in relation to the Financial Statements in 1988 has been consistent with practice in previous years except for the treatment of gains made on the sale of some investments for Trust accounts. In prior years these have been taken directly to the balance sheet as an addition to the endowments originally received to establish the Trust. In accordance with Australian Accounting Standard 1 this practice has been modified to bring these gains through Combined Statement Income. The amount for 1988 was $13,224,157, which is unusually large due to significant gains made on the sale of Investments. This amount qualifies as an abnormal item in accordance with AAS1. Comparative figures have not been amended to reflect this change in accounting practice, as gains made in 1987 ($408,199) are not considered material.

III accordance with Australian Accounting Standard 12, the University has provided, for the first time, a Statement of Sources and Applications of Funds (refer Statement 4A), therefore comparative figures for the previous year are not available.

Below is a reconciliation of the "Funds from Operations" figure in the Consolidated Statement of Sources and Applications of Funds to the Excess of Income over Expenditure from the Combined Statement and the Total Surplus/Deficit for the other reporting entitites.

000 Excess of Income over Expenditure

University General 18,077 Other 3,329

21,406

Add back non cash items

Increases in provision for depreciation 513 Increases in provision for annual and long service leave 53

Net Funds from Operations 21,972

3

Reconciliation of Operating Result with funds from Operations for the Melbourne University Press (Statement 19A) is as follows -

$

Operating Result 186,496 Add Depreciation and Amortisation 43,227

229.723

Less Provisions (3,819) Loss on Sale of Fixed Assets (1,119) 4.938

Funds from Operations 224,785

1.7 Investments

(i) Investments bequeathed or donated to the University have been valued at the probate or quoted value at the date of the relevant bequest or donation. Other investments are stated at cost.

(ii) Market values of listed securities at 31 December, 1988 were obtained from the Melbourne Stock Exchange based on the last sale prices for that date.

(iii) In relation to fixed securities, no provision has been made for the difference between the market and cost values as a consequence of movements in interest rates. No losses are expected to eventuate since such securities are normally held to maturity.

1.8 Minor alterations have been made to the presentation in 1988, and to allow comparison, some of the 1987 figures have been restated.

2. FUND ACCOUNTING

2.1 Fund accounting is an important feature of the accounting systems of most Universities. This is because Universities receive individual grants or donations each year for specified projects, mainly identified research programmes. In most cases it is not permissible for these grants or donations to be used for any University purpose other than the specified project. It is necessary for the University to supply those carrying out the projects with periodical statements on progressive expenditure and commitments against the funds available; and to supply to the donors of granting bodies a final statement covering the expenditure from their grants. This applies particularly to grants received from government instrumentalities.

4 2.2 Whenever an amount is received which, because of the conditions specified by the donor or because of University policy, must be accounted for separately, a separate Fund is established to record the amount received, the expenditure, the balance of the grant, and the net assets making up that balance.

2.3 Whenever the University receives an endowment, which must be held in perpetuity with only the annual income from the investment of the endowment being available to meet expenditure for the purposes of the endowment, the moneys are held in a separate Trust Fund account.

2.4 For reporting purposes, there are four main groups of Funds: -

(a) the General Recurrent Grant Fund, which is available to finance the University's normal operating costs for teaching, research and related support activities;

(b) over 600 Trust Funds, most of which include Endowment Balances which must be held in perpetuity, with only the income being available for expenditure for the specific purpose of the Trust Fund;

(c) over 3,300 other Funds, each of which is available to meet expenditure, in some cases by the end of the year concerned and in other cases over a longer period, for some specific teaching, research or related support purpose. In most cases, the balances of each Fund cannot be spent for any other purpose than the designated one;

(d) twenty Auxiliary Activities listed under Note 13. These operate under semi-autonomous Boards of Management and inmost cases include trading activities or provide service for which charges are made.

The income and expenditure for Funds under (a), (b), and (c) above are summarised in the Combined Statement. A separate statement of income and expenditure is prepared for each of the Auxiliary Activities listed in Note 13.

5 3. GENERAL ACCOUNT ACCUMULATED FUND BALANCES

Net Total of Balances of Individual Funds

3.1 Reconciliation of the Net Total of Balances: 1987 1988

19,900,001 Unexpended Grants, Donations & Income 25,725,489 Special Advances for Building Expenditure Funded (593,394) Initially from Debenture Loans (510,382) (8,498,610 Overdrawn Balances - Other Funds (9,831,575) (10,341,957)

10,807,997 Net Total at 31 December 15,383,532

3.2 Nature of the Net Total

this net total does not correspond to the capital in a business enterprise;

it is made up of the balance of many University Funds, most of which may only be applied for specified purposes;

in its reconciliation above, the Unexpended Grants, Donations and Income represent balances held to meet expenditure for the specified projects or purposes in a later period;

(d) the 'Special Advances for Building Expenditure Funded Initially from Debenture Loans" are being recovered from non- government income over the life of the debenture loans;

(e) The Overdrawn balances - Other Funds represent expenditure to be recovered from a later period.

4. INVESTMENTS

4.1 General Account

The amount of $23,779,650 is made up as follows -

31/12/87 31/12/88 $ $ National Australia Bank 16,400,000 - Term Deposits 30,900.000 - Call Deposits 7,100,00 2,550,000

Bank Accepted Bills of Exchange 4,861,464 4,829,650

42,861,464 23,779,650

The reduction in the balance of investments held at year-end is due to a change in timing of the receipt of Commonwealth Grants (refer Note 6)

6

4.2 Trust Account

The amount of $93,263,92/ is made up as follows -

Fixed Interest Company Total

Short Term Long Term Shares & Convertible (Matures in next 12 Notes & months) Property

$ $ $ $

Sank Accepted Bills Bank Call Deposits 350,000 350,000 Bank Term Deposits (Face Value $5,450,000) 5,300,000 150,000 5,450,000 Public Inscribed Stock & Debenture Stock Australian Govt. (Face Value $200,000) 200,000 200,000 Semi Govt. Auth. (Face Value $55,611,800) 4,220,775 49,534,922 53,755,697 Company Debenture Stock (Face Value 28,000 338,054 366,054 $547,594) First Mortgages 1,160,000 2,838,500 3,998,500 Company Shares & Convertible Notes (Market Value $34,319,010) 28,787,276 28,787,276 Property 356,400 356,400

11,058,775 53,061,476 29,143,676 93,263,927

1987 Comparatives 14,080,809 46,957,804 13,636,811 74,675,424

A number of securities were sold with significant capital gains. The resultant funds were re-invested.

5. LOANS - GENERAL ACCOUNT

This item represents the outstanding balances on debenture loans held by the University on behalf of the Melbourne University Union and the Sport and Physical Recreation Centre (refer Note 7).

7

6. INCOME RECEIVED IN ADVANCE - GENERAL ACCOUNT

Until 1988 the first instalments of the Commonwealth Government grants for the'following year were received late in December of the accounting year. Income received late in 1987 included $19,919,134 of 1988 Grants. This practice was discontinued in 1988.

7. DEBENTURE LOANS FOR BUILDINGS - GENERAL ACCOUNT

This item includes the outstanding balance on debenture loans taken out by the University to fund buildings for the Melbourne University Union and the Sports and Physical Recreation Centre as well as other University buildings.

The deferred liabilities of the Melbourne University Union and the Sport and Physical Recreation Centre to the University in respect of these debenture loans are shown in the Balance Sheet of Statements 8 and 10 respectively.

8. TRUST - DEFERRED LIABILITY - WORKERS' COMPENSATION INSURANCE MANAGED FUND

This is the balance of a workers' compensation insurance 'managed fund', initially a loan back of $1,050,000 to the University, by its insurer to cover workers' compensation claims for accidents in 1985. The loan is subject to a reducing balance indemnity to the University's bankers for a similar indemnity by the bank to the insurers to cover the loan to the University (refer Note 10.1 (b)). The University reimburses the insurer out to the fund for workers' compensation payments made by the insurer to the injured persons in the year incurred.

9. ANNUAL LEAVE AND LONG SERVICE LEAVE LIABILITY

The money equivalent of the accrued entitlement of staff to long service leave (10 years service and above, at 31 December, 1988) and annual leave for general staff is shown hereunder -

(It excludes the annual leave for Academic Staff and leave entitlements of staff employed by Auxiliary Activities bodies - these leave liabilities are shown in the statements of the individual bodies).

1988 1987

Long Service Leave $17.76 million $16.79 million Annual Leave for General Staff $ 3.60 million $ 3.23 million

8 10. CONTINGENT LIABILITIES

10.1 The University had the following contingent liabilities at 31 December, 1988, now shown in the Published Statements, in respect of the following guarantees.

(a) Guarantee under The University of Melbourne Staff Housing Scheme. These guarantees totalled $20,003 at 31 December, 1988.

(b) Indemnity to the National Australia Bank to cover the Bank's guarantee to the University's insurer, under a Workers' Compensation 'Managed Fund' insurance policy. The indemnity was originally for $1,050,000, covering a loan by the insurer to the University of $1,050,000 for Workers' Compensation "Managed Fund" purposes. These arrangements covered accidents during the period 1 January, 1985 to 31 August, 1985, subsequent to which "Workcare" was introduced. The level of the indemnity and of the loan at 31 December, 1988 was $279,841.

10.2 No losses are anticipated under any of the above guarantees.

10.3 Contingent Liabilities for costs arising from construction of the Zoology Building at 31 December, 1988 are - Actual Costs $1,903,270 Builders Claims $4,499,111

10.4 Attention is also drawn to Note 9.

11. EVENTS SUBSEQUENT TO BALANCE DATE

11.1 An affiliation agreement has been signed with the Hawtnorn Institute of Education.

11.2 Affiliation agreements are being negotiated with other Educational Organisations.

11.3 On 1 January, 1989 the University and the Melbourne College of Advanced Education amalgamated. The former college now forms part of the Institute of Education of the University of Melbourne. Financial statements from 1 January, 1989 will be combined.

9 12. MELBOURNE BUSINESS SCHOOL LIMITED

The Aelbourne Business School Limited was incorporated by the University under Section 40A of the Melbourne University Act 1958 on 13 November, 1987. The Business School is a company wholly owned by the University and limited by guarantee.

The company commenced operations on 1 January, 1988 and the financial statements for the year ended 31 December, 1988 are appended to the University's accounts for information purposes. The company operates on a going concern basis and maintains its accounts on a full accrual basis. The statements have been audited by Peat Marwick Hungerfords as required by the Companies (Victoria) Code.

13. SEPARATE STATEMENTS FOR UNIVERSITY AUXILIARY ACTIVITIES OR ACCOUNTING ENTITIES

13.1 The accounts for the following University auxiliary activities or accounting entities are published separately in the University's Published Financial Statements and are not included in the Combined Statement:

Statement No.

Student Loan and Financial Assistance Funds

- University's Students' Loan Fund ) - Assistance to Students in Need Fund ) - Student Financial Aid Special Account ) 6 - CTEC Special Assistance for Students Fund ) - Government Administration Charge Loan Fund )

University Halls of Residence

- International House ) - Kendall Hall ) 7 - Medley Hall )

Melbourne University Union 8 Child Care Services 9 Sport & Physical Recreation Centre 10 Sports Union 11 Veterinary Clinic and Hospital 12 Strathfieldsaye Estate 13 Graduate School of Management - Advanced Management Education 14 Graduate School of Management - Residential House 15 Melbourne Theatre Company 16 Staff Superannuation (1986) Fund 17 Staff Housing Account 18 Melbourne University Press 19

10 13.2 On 3 January, 1989 the operations of the Melbourne University Union (Statement 8) were absorbed into an incorporated association . 'Melbourne University Student Union Incorporated'.

13.3 Because of the differing nature of each of these activities and the need for financial information to be related to the activity and the organisation concerned, classifications of income and expenditure vary considerably.

13.4 All auxiliary activities operate on the 'going concern' basis and the accounts are maintained on the accrual basis or a modified accrual basis. The published reports include a Balance Sheet; for those bodies providing services for a charge or fee, the majority of statements distinguish between recurrent and capital expenditure, and depreciation is charged.

13.5 Where relevant, further notes relating to an individual statement have been included under that statement.

DATA/FNSTS.88/kh

11

UNIVERSITY OF MELBOURNE 1. COMBINED STATEMENT - SUMMARY Summary of Income and Expenditure for all General Purposes for the Year Ended 31 December 1988 (With comparative adjusted amounts for 1987)

States Grants (Tertiary Education Assistance) Act

Recurrent Grants University Other Total Note Total Equipment Building Trust University 1987 1988 General Special . Grants Grants Funds Funds

Income

194,188,605 Section A - Income 220,748,560 134,646,501 4,711,444 8,656,000 28,578,006 44,096,609 Section B - Income for New Buildings, Major Alterations to Existing Buildings, Purchase of Land and Loan 11,418,675 Repayments of Capital 15,629,117 8,285,790 364,807 6,978,520 1.8 Section C - Prior period adjustment 1 00,0 00 100,000 205,607,280 Total Income 236,477,677 134,646,501 4,171,444 8,656,000 8,205,790 28,942,813 51,175,129 Expenditure

!95,730,162 Section A - Expenditure 201,854,62 134,385,084 4,601,700 7,083,717 8,985,424 46,798,696 Section B - New Buildings, Major Alterations to Existing Buildings, Purchases of Land and Loan 14,220,712 Repayments of Capital 16,546,28 8,413,751 920,635 7,211,894 Section C - Inter item Transfers 1,460,180 17,460,180) Total Expenditure and Inter item 199,950,874 Transfers 218,400,901 134,385,084 4,601,700 7,083,711 8,413,751 17,366,239 46,550,410 Excess of Income for the year over Expenditure and inter item Transfers 5,656,406 for the year 18,016,776 261,417 169,744 1,572,283 (127,9611 11,576,514 4,624,719 Section D Prior Year Expenditure Transfers 0 261,417 1,413,250 (1,924,667) 250,000

5,656,406 : Excess of Income over Expenditure 18,016,116 : 0 : 169,744 : 159,033 : (127,9611, 13,501,241 , 4,314,719 : 2. COMBINED STATEMENT - INCOME Statement showing Income for all General Purposes for the year ended 31 December 1988 With comparative adjusted amounts for 1981)

States Grants (Tertiary Education Assistance) Act Recurrent Grants Total . Note Total University Other 1987 Equipment Building Trust 1988 General University Special Grants Grants Funds Funds Section A - Income Income other than that specified for Research 134,165,703 Commonwealth Government Grants 141,036,175 130,723,231 944,344 8,656,000 2,201,769 State Government Grants 2,613,301 713,194 3.914,350 5,000 Higher Education Admin Charges 4,342,934 3,923,264 2,608,301 120,592 1.8 Income from Fee Paying Students 1,506,518 419,670 561,624 Fees for Continuing Education Courses 921,817 1,506,518 0 Donations and Grants (other than from 921,811 1,333,846 the Australian and State Govts.1 2,389,802 6,214,803 Charges for Services 6,856,605 964,205 1,425,591 7,492,487 Investment Income 19,964,217 6,856,605 3,505,086 Amenities and Service Fees 3,956,934 19,964,211 1,692,621 1.8 Other Income 2,475,041 3,956,934 Specified Research Income 689,918 1,785,123 19,540,763 Commonwealth Government Grants 20,539,627 3,827,100 947,304 State Government Grants 676,183 16,712,527 Donations and Grants (other than from 1,211 674,912 5,528,233 the Australian and State Govts.) 5,386,661 3,878,624 Charges for Services 4,445,092 57,280 5,329,381 2,498,187 Investment Income 2,770,411 72,465 4,312,621 592,613 Other Income 866,642 2,761,011 9,400 105,765 760,877 194,188,605 Total of Section A Income 220,148,560 134,646,501 4,771,444 8,656,000 28,518,006 44,096,609 Section B - Income for New Buildings, Major Alterations to Existing Buildings, Purchase of Land and Loan Repayments of Capital 3,870,000 Commonwealth Government Grants 8,285,190 578,081 State Government Grants 8,285,790 4,612,388 Investment Income 5,639,999 2,328,206 Other Income 1,103,328 126,482 5,513,511 238,325 1,465,003 11,418,675 Total of Section B Income 15,629,117 8,285,790 364,807 6,918,520 1.8 Section C - Prior period adjustment 100,000 100,000 205,607,280 Total Income 236,477,611 134,646,501 : 4,171,444 8,656,000 8,285,790 28,942,813 51,115,129

3, COMBINED STATEMENT - EIPENDITORR Statement showing Expenditure for all General Purposes for the year ended 31 December 1988 (With comparative adjusted amounts for 1981)

States Grants (Tertiary Education Assistance) Act Recurrent Grants University Other Total Note Total Equipment Building Trust University 1987 1988 General : Special Grants Grants Funds Funds $

Section A - Expenditure Academic Activities Teaching and Research 46,867,685 Salaries - Acadesic Staff 19,598,909 46,214,223 80,273 514,216 2,790,197 17,602,866 General Staff 18,130,473 16,142,799 33,080 4,032 1,358,562 Superannuation, Pensions, Payroll 11,701,145 Charges 15,653,094 13,594,881 14,902 1,367,214 676,037 76,118,696 Sub-total 83,390,476 76,551,903 128,255 1,885,522 4,824,796 Departmental Maintenance (including Computing Services and Library 4,952,618 Materials) 5,375,409 3,902,106 22,342 30,328 83,660 1,336,973 5,963,243 Purchase of Equipment 1,303,239 168,561 31,402 5,516,418 40,604 946,254 Outside Studies program and 1,080,789 Conferences(other than sal comp.) 1,236,661 807,678 1,680 5,190 411,119 228,409 New Appointment Expenses 293,962 248,465 7,531 37,959 711,317 Other Expenditure 916,403 622,204 60,763 12,149 220,587 19,181,072 Sub-Total for Teaching-and-Research 98,516,156 82,900,911 244,442 5,546,146 2,035,363 7,758,688 leeearch Only 13,334,274' Salaries - Academic Staff 15,238,338 1,580,504 1,113,223 207,614 12,336,997 4,797,624 General Staff 4,918,335 163,930 460,268 4,294,131 Superannuation, Pensions, Payroll 1,885,874 Charges 2,395,711 251,318 110,635 26,562 1,941,196 20,017,112 Sub-Total 22,552,444 2,001,812 1,744,126 234,176 18,572,330 Departnental Maintenance (including Computing Services and Library 7,652,195 Materials! 7,846,152 934,104 1,215,930 159,121 5,537,191 3,656,447 Purchase of Equipment 3,825,961 320,010 415,927 123,395 31,210 2,898,365 Outside Studies program and 609,435 Conferences(other than sal comp,) 750,396 77,721 98,588 6,118 567,969

3. COMBINED STATEMENT - EYPENDITURE

Statement showing Expenditure for all General Purposes for the year ended 31 December 1988 (With comparative adjusted amount' for 19871

States Grant, (Tertiary Education Assistance) Act Recurrent Grants Total Note University Other 1981 Total Equipment ' Building 1988 General Trust University Special Grants Grants Funds Funds $ $ $ • New Appointment Expenses (Including travel grants for visiting 298,358 scholars) 331,607 931,247 15,618 185,079 Other Expenditure 1,018,427 472,351 22,485 114,425 22,073 29,226 494,777 33,165,454 Sub-Total for Research Only 36,331,193 3,821,676 3,711,723 123,395 489,342 21,185,157 121,346,526 Total for Academic Activities 134,847,449 86,722,593 3,956,165 5,610,141 2,524,705 15,973,145 Academic Services Central and Branch Libraries Salaries, Superannuation, Pensions, 5,090,240 Payroll Charges 5,518,822 4,719,406 5,468,952 Books, Periodicals, Binding 4,143,008 3,567,918 49,870 1,043,325 441,367 54,619 Other Expenditure 904,563 621,804 19,104 130,301 138,458 Sub-Total for Central and Branch 10,852,971 Libraries 10,566,393 9,664,674 579,661 54,619 267,432 University Computing Services Salaries, Superannuation, Pensions, 1,731,695 Payroll Charges 1,921,090 1,323,008 435,973 1.8 Maintenance Contracts 432,262 71,063 599,082 3,473,294 1.1 Purchase of Equipment 2,179,261 355,199 585,606 1.8 3,791 1 40,000 Other Expenses 735,120 284,181 2,635,476 Transfer of Expenditure to Central 450,939 (178,3491 Administration (189,0501 (189,0501 Other Recoveries from University (3,619,0801 1.8 Accounts (4,129,7301 (221,0071 (3,908,7231 2,435,139 Sub-Total for Computing Services 1,549,959 1,211,986 140,000 131,973

Other Centralized Academic Services Salaries, Superannuation, Pensions, 1,467,414 Payroll Charges 1,677,512 1,465,542 320,487 90,742 Other Expenses 210,590 63,236 121,248 134,743 2,974 9,631 3, COMBINED STATEMENT - EIPENDITURS

Statement shoving Expenditure for all General Purposes for the year ended 31 Decesber 1908 IMith comparative adjusted amounts for 1987)

States Grants (Tertiary Education Assistance) Act

Recurrent Grants University Other Total Note Total Equipment Building Trust Oniverlity 1907 1988 General Special Grants Grants Fund! Pude $ $ $ Sub-Total for Other Centralized 1,717,911 Academic Services 1,888,122 1,528,778 134,743 93,116 130,885

15,016,021 Total for Academic Services 14,004,474 11,471,438 854,411 141,335 530,290 Ancillary Student Service! 3,183,130 Research Scholarships 3,419,062 1,694,331 561,560 1,163,165 10,855 .Other Scholarships 100,554 3,060 94,194 1,700 69,154 Prizes and Exhibitions 68,259 5,834 61,042 1,383 Papua, Eros the Asenities and Services Fee Fund to the Sport and Physical Recreation Centre, Melbourne University Union and the Students' 3,441,135 Representative Council 3,110,516 3,770,576 Ancillary Student Services Section Salaries, Superannuation, 1,322,991 Pensions, Payroll Charges 1,388,656 1,191,118 32 191,506 219,127 Other Expenditure 170,142 81,503 1,372 74,267 Total for Ancillary Student 1,307,107 Services 8,911,249 2,981,852 4,496,376 1,433,021 General University Services Adainiatration Salaries, Superannuation 12,601,815 Payroll Charges 12,864,839 10,393,463 91,575 2,379,801 406,461 Purchase of Computing Service 404,409 382,032 22,377 1,211,943 Other Expenditure 2,571,818 1,4 7 8,654 532,405 57,885 501,614 Mork Care Levy Recoveries - Occupational Bealth (231,511) Safety Unit 1257,2051 1257,2051

14,992,613 Sub-Total for Adisinistration 15,583,861 11,996,944 532,405 149,460 2,105,052 Overheads 557,810 Advertising 720,571 490,410 2,841 20,726 206,591

3, COMBINED STATEMENT - EXPENDITURE Statement showing Expenditure for all General Purposes for the year ended 31 December 1988 With comparative adjusted amount, for 19871

States Grants (Tertiary Education Assistance) Act Recurrent Grants Total Note Oniversity Other 1987 Total Equipment 1988 General Building Trust University Special Grants Grant, Funds Fund,

Postage and Telephones 2,115,743 (including payments on PABI equip) 2,308,864 1,673,507 664,063 Printing and Stationery 1,294 86,001 548,062 315,840 615,162 644,490 Furniture 416,116 255,622 6,340 (35,6681 603,723 Insurance 38,513 56,305 65,616 2,703,07, 571,625 547,612 Power, Lighting, Beating 2,927,980 2,824,027 11, 733 12,280 1,017,27, , Other Expenditure 1,689,536 1,209,072 ( 65) 104,018 Workcare Levy - 10,334 470,130 Net credit on amounts charged to (90,635 University accounts (246,522) (246,522) 7,946,8" Sub-Total for Overheads 9,003,332 1,398,218 42,651 191,374 1,371,089 Buildings and Grounds (excluding New Building Projects, Major Alterations to existing Buildings and Purchase of Land) Salaries, Superannuation, Pensions, 1,918,230 Payroll Charges 5,827,090 5,480,088 6,413,12 1 Materials, Equipment, Contracts 1,273,491 5,521,041 39,407 307,595 Water and General Rates (including 884 26,760 433,123 1,291,683 276,184 Land Taxl 423,146 300,071 Other Expenditure (including 11,672 111,397 2,302,43! Payment, to Teaching Bospitals 1,571,093 940,313 1124,800 Recoveries from Oniversity Accounts 602,000 16,190 18,530 13,815,764 Sub-Total for Buildings and Grounds 15,100,820 12,241,579 602,884 26,760 S00,392 1,729,20S Total for General Oniversity 36,755,335 Service, 39,688,013 31,636,141 645,535 559,165 841,226 6,005,346 Public Service, 392,303 Continuing Education 652,119 12,353 Other Expenditure (including 10,921 551,905 719,841 Public Lectures) 1,104,303 210,074 168,122 726,107 1,182,146 Total for Public Services 1,756,482 292,427 119,043 1,285,012 3. COMBIMED STATEMENT - EXPENDITURE

Statement shoeing Expenditure for all General Purposes for the year ended December 1988 (With comparative adjusted amounts for 1987)

State; Grant. (Tertiary Education Assittencel Act Recurrent Total tote Grant. Oniversity Other Total Equipment Building 1987 1988 General Trutt Onivertity Special Grants Grant. Finds Fund, Independent Operations 995,131 Microbiological Diagnostic Onit 1,069,921 Payments from the Staff Retirement 1,069,921 Fund and the Disability Pension 45,701 Fund 716,703 Transfer from the Staff Retirement 716,703 5,868 Fund to the S.S.A.O. Contribution to Child Care 149,414 Facilities 209,585 190,115 666,213 Other Expenditure 644,745 83,918 19,470 co 59,566 501,261 2,063,027 Total for Independent Operations 2,640,954 274,033 195,739 1,511,182 185,730,162 Total of Section A Expenditure 201,854,621 134,385,084 4,601,700 7,083,717 8,985,424 41,798,696 Section B - Be, Buildings, including Furniture and Site Works, Major Alter- ation. to Existing Buildings and Purch- ase of Land and Loan Repayments 13,711,391 General University Buildings and Land 16,100,366 71,315 Teaching Bospitals 45,443 1,251,912 871,506 6,969,948 51,600 Sporting Facilities 156,141 33,133 12,210 122,962 Independent Operations (38,2401 59,146 96,295 257,444 Loan Repaylenta 282,570 61,760 (100,0001 49,129 233,441 11,220,712 Total of Section 8 Expenditure 16,546,280 8,413,751 920,635 7,211,894 199,950,874 Total Expenditure of Current Year 218,400,901 134,385,084 4,601,700 7,083,717 8,413,751 9,906,059 54,010,590 Section C- Inter Item Transfere 7,460,180 (7,460,1801 Total Expenditure and Inter Item 199,950,874 Transfers 218,400,901 134,385,084 4,601,700 7,083,717 8,413,751 17,366,239 46,550,410

1

4. GENERAL ACCOUNT Statenent of Balances as at 31 December 1980

1981 notes ACCUMULATED FUND BALANCES 12,451,733 Balance at 1 January 10,807,997 (1,643,7361 Plus Excess of Income over Expenditure 4,575,535

10,807,997 131 15,383,532 represented by: ASSETS Current Assets 62,193 Cash it Band 6 at Bank 145,988 5,330,779 Sundry Debtors 6 Accruals 6,927,926 170,313 Prepayments 1,621,448 8,695,362

42,861,464 Investments 141 23,779,650 904,005 Loans to Auxiliary Operations 151 177,564 TOTAL ASSETS 33,252,576 LIABILITIES Current Liabilities 6,823,540 Bank Overdraft 1,212,749 8,296,288 Sundry Creditors 6 Accruals 5,250,057 836,688 Accrued Salaries 2,128,061 14,590,867 21,766,842 Nicole Received in Advance 161 2,091,231 Deferred Liabilities 1,497,399 Debenture Loans for Buildings 171 1,180,946 TOTAL LIABILITIES 17,869,044 10,807,997 15,383,532

19 4A CONSOLIDATED STATEMENT OF SOURCES AND APPLICATIONS OF FUNDS For the year ended 31 December, 1988

NOTES 000's 000's

SOURCES OF FUNDS

Funds from operations Inflows of funds from operations 264,715 Outflows of funds from operations 1.6 242,143 21,912

Contributed Equity 4,416

Reductions in Assets Non-Current Assets Loans 141

Increase in Liabilities Current liabilities Bank Overdraft 2,152 Non-Current Liabilities Other 1,291

TOTAL SOURCES OF FUNDS 30,584

APPLICATION OF FUNDS

Increase in Assets Current assets Investments 3,610 Stocks 24 Sundry Debtors & Accruals 5,552 Prepayments 886 :0,072

Non-Current Assets Buildings and equipment 206

Decrease in Liabilities Current Liabilities Loans 188

Non-Current Liabilities Income in advance 1 9, $1 8

TOTAL APPLICATIONS OF FUNDS 30,584

20 5. TRUST ACCOUNT

Statement of Balances as at 31 December 1988

1987 Notes $ ACCUMULATED FUND BALANCES

55,737,230 Balance at 1 January 71,657,183

Plus 8,211,692 Endowments Received 4,367,398 Other Additions to Endowment 408,119 Principal [1.6] Excess of Income over Expenditure in the Combined Statement, Trust 7,300,142 Funds Column 13,501,241 17,868,639

$71,657,183 $89,525,822

represented by:

ASSETS Current Assets 155,726 Sundry Debtors 315,884 1,945,802 Accrued Interest 2,335,795 1,197 Prepaid Expenses 32,868 Loan to Melbourne Business School Ltd. 100,000 2,784,547

74,675,424 Investments [4) 93,263,927

96,048,474 LIABILITIES Current Liabilities 52,716' Sundry Creditors 58,634 Amount Payable in following year 1,700,000 for Computer Equipment 0 207,516 Bank Overdraft 2.063,928

2,122,562 Deferred Liabilities Amounts Held on Behalf of 2,592,108 Other Funds and Institutions 3,861,184 318,276 Debentures 259,065 Workers Compensation Managed 250,350 Fund (8) 279,841

4,400,090

6,522,652 $71,657,183 $89,525,822

21

6. STUDENT LOAN FUNDS

Consolidated Statement of Income and Expenditure for the Year Ended 31 December 1988

TOTAL TOTAL University Assistance Student CTEC Special Bigher 1987 1988 Students' to Students Financial Assistance Education Loan Fund in Weed Aid Special for Students Administration Fund Account Program Charge Fund $ notes $ INCOME $ 133,050 Grant - University of Melbourne 111 42,500 30,000 2,500 - 10,000 162,000 Grant - Commonwealth Government 143,000 143,000 - 24,112 Interest on Loans 22,521 10,541 362 3,597 21 74,278 Interest on Investments 119,952 53,291 50,320 11,913 2,535 Donations 372 21 350 - 1 1,033 Bad Debts Written Back 17 17 - - 397,008 328,362 101,859 4,801 2,150 196,911 21,935 less EIPENDITURE 13,006 Grants 16,830 5,000 2,_885 5,000 3,945 427 Salaries i Associated Costs 121 - _ 3,152 Bad Debts Written Off 2,304 1,945 280 - 79 59 Other Expenses 37 . 37 . 16,644 131 19,171 0 6,945 3,202 5,000 4,024 380,364 Sorplus/Neficitl for Tears 309,191 101,859 12,1441 13521 191,917 11,911

1,360,146 Accumulated Funds at f January 1,740,510 1,087,536 46,328 20,221 481,112 105,253 1,140,510 Accumulated Funds at 31 December 2,049,701 1,189,395 44,184 19,869 673,089 123,164

Consolidated Balance Sheet as at 31 December, 1988

TOTAL TOTAL University Assistance Student CTEC Special Higher 1987 1988 Students' to Students Financial Assistance Education Loan Fund in Need Aid Special for Students Administration Fund Account Program Charge Fund

$ $ $ $ $ 1,140,510 ACCUMULATED FONDS 2,049,701 1,189,395 44,184 19,869 673,089 123,164 represented by: ASSETS Current Assets 680,808 Investments 1,047,431 461,679 34,563 443,086 108,103 5,144 Cash on Band 13,211 - 9,506 3,705 74,278 Debtors - Accrued Interest 121,081 51,297 4,422 51,449 11,913 3,500 Sundry Debtors 0 - - 763,730 1,181,723 514,976 38,985 9,506 498,240 120,016

976,780 Loans 869,604 675,919 5,199 10,363 174,915 3,148 1,740,510 2,051,327 1,190,895 44,184 19,869 673,215 123,164 less LIABILITIES Current Liabilities Sundry Creditors 1,626 1,500 126 1,740,510 2,049,701 1,189,395 44,184 19,869 613,089 123,164 ------

22

6. STUDERT LOAS FUNDS

Rotes to 1988 Accounts

1.Grants - University of Melbourne A grant of $150,000 hat been made to the University Students' Loan Fund by the Reserve Funds Sub-Couittee, payable at the rate of $30,000 p.a. for the period 1985 - 1989. 2.Salaries and Associated Costs All salaries and associated costs related to the administration of these funds have been taken up in the University's General Fond. 3.Legal Costs 3.1 University General Fund expenditure totalling $7,084 (1987:$4,2871 for legal costs associated with collection of outstanding loans for all loan funds has not been included in the Student Loan Funds' Income and Expenditure Statement but is incorporated in the University's Combined Statement. 3.2 Amounts recorded under the item 'Legal 6 Ranh Costs Recovered' in vote 4 are in addition to the amount referred to ia Note 3.1. 4.Loans University Assistance Student CTEC Special Higher Students' to Students Financial Assistance Education Total Total Loan Fund in Seed Aid Special for Students Adain 1987 1988 Fund Account Progranme Chrg Fund $ $ $ $ $ 1,000,030 Balance at 1st January 976,781 751,712 16,707 8,210 198,097 2,055 add 555,940 Loan, Advanced • 492,330 132,132 72,092 200,834 87,272 23,912 Loans transferred from other Funds 16,471 13,111 - - 3,350 24,112 Interest Charged on Loans 22,521 18,541 362 - 3,597 21 4,719 Legal and Bank Costs Charged 3,826 1,251 - - 1,835 740 1,033' Bad Debts Written Back 17 11 - - less (605,9021 Repayments (623,5671 (240,8381 (9,9421 (69,6591 (217,8451 (85,2831 (23,9121 Loans transferred to Other Funds (16,411) - (14,8931 (1,578) (3,1511 Bad Debts Written Off (2,3041 (1,9451 (2801 - (791 976,781 Balance at 31st December 869,604 675,919 5,199 10,363 174,915 3,148

5. These Investments fora part of the University's Trust Balances Investment Pool which is held as a mixture of short, medium and long tern fixed interest securites. 6. The Council of the University of Melbourne has approved the transfer the balance of the Higher Education Administration Charge Loan Fond to General Funds in 1989 as the Loan Fund will no longer be required following the abolition of the Higher Education Administration Charge as Iron the 1st January, 1989. 1. These statements should be read in conjunction with note 13 of the 'Notes on the University's Published Financial Statements'.

23 1. BALLS OF RESIDENCE

Statement of hew Expenditure for the Year Ended 31 December 1988

1981 1981 1987 INTERNATIONAL KENDALL MEDLEY INTERNATIONAL [UDALL MEDLEY BOUSE BALL BALL NOSE BALL BALL $ $ $ Rotes $ $ $ INCOME 1,081,128 141,964 119,982 Fees - Board 4 Residence 1,021,740 97,462 231,522 288,829 41,989 52,860 - Conf'rnce, Casual i Vacation 377,146 75,188 38,811 59,038 - - Donations 111 95,340 - - 207,981 6,019 6,366 Other Income (21 214,263 10,646 12,149 1,637,582 196,912 279,208 1,768,489 183,896 283,182 less EIPENDITURE 313,137 - 162,577 Salaries 4 Associated Costs 311,483 - 144,671 578,699 132,963 52,618 Provisions (Stores 131 605,548 147,509 75,924 123,618 29,987 6,992 Repairs 4 Maintenance 182,189 9,494 15,082 99,882 19,320 18,559 Fuel i Power 94,923 16,137 16,834 512 7,220 Laundry 597 1,621 9,300 - . 2,721 Rates 18,017 - 2,022 36,716 2,298 2,900 Telephones 36,595 3,519 7,610 2,085 - Student Facilities 5,538 - 22,638 2,410 1,730 Equipment i Furniture 53,702 4,417 3,681 7,728 1,098 Library, Books 4,998 - 196 3,214 - Entertainment 1,821 - - 47,597 - 100 Scholarships i Bursaries 41,245 - 100 5,766 1,303 ' 1,009 Insurances 4,498 1,189 1,110 21,962 1,200 3,400 Administration Expenses 31,203 1,100 3,163 990 10 - Bad Debts 1,000 - - - - 9,217 Conference Expenses - 3,020 149,707 1,939 15,500 Other Expenses 151,241 2,560 13,388 23,000 - - Transfer - Equipment Replacesent Fund - 1,450,014 194,021 293,301 1,545,063 193,260 289,628 187,568 2,945 (14,0931 Operating Surplus/(Deficit) 223,426 (9,3641 (6,4461 Extraordinary Items: 4,828 71 Write-back: Equipment Replacement (41 80,000 - 108 Write-back: Piano Fund (4,7561 - Proceeds of Sale of Property (51 585,580 182,812 7,773 (13,9141 Surplus/(Deficit) and Extraordinary Items 889,006 (9,3641 (6,4461

232,166 59,129 20,890 Accumulated Funds at 1 January 333,216 61,114 6,695 Transfers from Reserves 6,000 5,898 Equipment Replacesent 21,352 221 Portrait Fund 415,199 13,502 12,874 Total Available for Appropriation 1,243,574 57,810 249 Transfers to Reserves 81,443 6,328 6,011 Equipment Replacement 141,000 240 Friends of International House 180 300 Furniture Replacesent 300 108 Piano Fund - 333,216 67,174 6,695 Acciaulated Funds at 31 December 1,096,094 57,810 149

24

7. BALLS OP RESIDENCE

Statement of Balances as at 31 December 1988

1987 1987 19i/ INTERNATIONAL KENDALL MEDLEY INTERNATIONAL KENDALL MEDLEY HOUSE BALL BALL DOUSE BALL BALL $ $ $ Notes $ $ $ &CCU/IRMO FUNDS 6 RESERVES 333,116 61,174 6,695 Accumulated Funds 1,096,094 51,810 249 Reserves 11,443 328 . 173 Equipment Replant 6 Maintenance 207,092 328 173 110 - Friends of International House 990 - 133 Furniture Replacement 1,133 - 108 Piano Fond 108 416,302 67,502 6,976 1,305,309 58,138 530 =2M represented by: ASSETS Current Assets 161,624 60,056 9,981 Cash at Bank 264,281 63,972 15,146 40,647 7,500 350 Advances 39,330 7,500 300 1,731 168 - Prepayments 3,898 - - 111,675 1,131 21,546 8nadr7 Debtors 119,582 3,139 1,809 13,0001 - - lege Provision for Doubtful Dents 14,0001 - 579,681 11,697 Investments 161 1,047,858 13,319 less LIABILITIES Current Liabilities 14,452 940 Income in Advance 30,434 1,120 122,835 9,353 13,363 Sundry Creditors 94,751 16,473 9,304 Deferred Liabilities 249,060 10,000 Loan from University 1,000 Provisions 36,709 12,301 Anneal Leave 6 Long Service Leave 40,455 12:620 10,000 Equipment Replant i Maintenance 416,302 67,502 6,976 1,305,309 58,138 530

Notes to 1988 Accounts

1. Donation income for International Souse include, $47,687 received specifically for the George Alcorn Library Fund. This fund was established in 1988 for the purpose of funding library acquisitions. 2. Other income for International huge is comprised as follows: Investment Income 116,075 Rental Incise 14,540 Special Purposes 52,350 Other 31,298 Total 274,263

3. Provisions and Stores expenditure includes the cost of contract catering. 4. Provision for Equipment Replacement was written ,aci, in accordance with Accounting Standards as the provision was not appropriate. 5. The Ida Scheps building was told in April, 1988. 6. These investments fore part of the Oaiversity's Trust Balances Investment Pool which is held as a suture of short, medium and long ten fixed interest securities. 1. This statement should be read in conjunction with Note 13 of the 'Notes on the University's Published Financial Statesents'.

25 8. MELBOURNE UNIVERSITY ONION

Statement of Income aad Expenditure for the Tear Ended 31 December 1988

1987 Rotes $ INCOME Allocation from Amenities 1,909,099 Services Fund 1,990,591 39,305 Academic Dress - Sire 46,177 25,720 Amusement Machines 25,122 2,263,319 Catering 2,340,426 25,050 Cinema 31,895 Gallery 26,956 1,145 Games Room 2,352 Laundrette 3,232 1,200 Library 10,839 Locker Rental 11,911 55,564 Photocopiers 43,301 135,528 tent 177,240 1,065,299 Shop 190,046 43,761 Telephones 24,802 55,123 Theatre 62,195 8,452 Other Fees 11,525 1,820 Sundry Income 5,029 5,659,159 5,681,411 less EIPENDITURE 8,342 Academic Dress 6,686 2,437,426 Catering (11 2,474,123 150,257 Depreciation 169,355 78,108 Fuel, Light 4, Power 87,070 108,000 Grant - Child Care Services 114,000 92,319 Interest on Loans 72,469 42,115 Photocopiers 31,315 382,805 Repairs, Replacements i Insurance 288,137 Rowden White Library i Ewing Gallery 243,121 Administration 251,834 26,764 Book Purchases 44,165 295,999

- Bad i Doubtful Debts 2,922 125,543 Salaries & Associated Costs 668,412 961,534 Shop 799,268 42,360 Telephones 22,370 184,094 Theatre 169,998 142,314 Sundry Expenses 200,539 110,434 Activities Conaittee 5,402,183 5,735,656 (54,1851 Operating Surplus/(Deficitl for Tear 256,376 21,115 Extraordinary Items (32,4701 Surplus/(Deficit) and Extraordinary Items for Year 256,376 2,627,169 Accumulated Funds at 1st January 2,591,931 Transfer from 3,232 Ewing Collection Reserve 1,020 2,591,931 Accumulated Funds at 31st December 2,855,321

26 8. MELBOURNE UNIVERSITY UNION

Balance Sheet as at 31 December 1988

1981 $ Notes $ $ $ $ ACCUMULATED FUNDS AID RESERVES 2,597,931 Accumulated Funds 2,855,327 Reserves 103,000 Asset Revaluation [21 28,000 Gift Collection (21 - 200,000 Equipaent Replacement 200,000 96.911 Beilding Expansion 96,911 380,000 Graat:A.U.C. 380,000 3,581 Town & Gown Guild 3,587 1,020 Ewing Collection Conservation - 680,498 3,410,449 3,535,825 represented by: ASSETS Current Assets 54,822 Cash at Bank 9,729 12,083 Prepayments 18,973 159,900 Stock on Band 155,813 Cash on Band 5,000 51,545 Sundry Debtors 57,757 (2,0781 Estiaated , Doubtfnl Debts (5,0001 52,151 242,272 Fixed Assets 1,281 Paintings L Photographs(cost & vain) 1.: 281 131,000 Gift Collection (at valuation) 121 24,158 floods & Gowns (at cost) 24,258 (16,8761 Accumulated Depreciation (19,3021 4,956 1,184,763 Equipment i Fittings (cost & vain) 1,379,540 (673,7031 Accumulated Depreciation (819,3671 560,113 5,400,271 Buildings (at cost) 5,447,961 (1,571,5611 Accumulated Depreciation (1,699,9451 3,748,016 4,314,426 4,556,698

less LIABILITIES Current Liabilities '3,256 Deposits Held 10,101 33,095 Incase in Advance 36,110 252,686 Sundry Creditors 107,938 154,149 Deferred Liabilities 808,203 Building Loan 131 595,075 Provisions 99,895 Annual Leave 99,326 147,121 Long Service Leave 112,323 271,649 1,020,813 3,410,449 3,535,825

Notes: 1. The major components of Catering Expenditure are Cost of Goods Sold $938,912 and Salaries $1,100,894. the balance of expenditure was for general catering supplies. 2. the ownership of the Gift Collection reverted to the University in December, 1988. 3. Refer also to Notes 5 and 7 of the University's 'Notes on the Published Financial Statements'. 4. The operations of this body are to transfer, from the 3rd January, 1989, to the Melbourne University Students' Onion Incorporated and will no longer fora part of the University's published statements. S. These Statements should be read in conjunction with Rote 13 of the University's 'Rotes on the Published Financial Statements'.

27 9. CRUD CARE SERVICES

Statement of Income and Expenditure for the Year Ended 31 December 1988

1987 Rotes $ $ $ INCOME 178,333 Fees 334,225 135,620 Grants - State Government 131,163 162,714 - University of Melbourne (11 209,555 108,000 - M.D.Union 114,001 460,719 794,944 684,667 less EXPENDITURE 580,278 Salaries 6 Associated Costs 634,901 7,028 Food 6,693 6,421 Laundry 7,687 5,792 Toys 4 Playground Equipment 6,194 2,539 Consumable Supplies 2,651 16,801 Cleaning 20,098 8,566 Repairs i Maintenance 5,190 49,083 Rent 61,001 516 Rates 605 14,265 Fuel 6 Power 8,482 4,152 Interest 2,845 6,696 Depreciation 6,826 42,185 Amortisation of Leasehold Improve 42,182 9,822 Otber 12,099 817,454 154,144 170,0771 Operating Surplus/(Deficit! for Year (22,5101 add Extraordinary Item: 28,019 Transfer of Fixed Assets - Onion 141,9981 Surplus/(Deficit) and Extraordinary Item for Year 122,5101

(83,0591 Accumulated Funds at 1 January (125,157) (125,0571 Accumulated Funds at 31 December (147,5471

28

9. CHILD CARE SERVICES

Balance Sheet as at 31 December 1988

1987 Rotes $ ACCUMULATED FUNDS 4 RESERVES 4125,0571 Accumulated Funds 4147,5671 Reserves 612,307 Capital Grant - University 612,317

487,250 464,741 represented by: ASSETS Current Assets - Cash at Bank 12,914 70 Advances 100 10,167 Prepayments 10,436 2,919 Sundry Debtors 25,525 41441 Estimated Doubtful Debts 45381 24,987 48,437 Fixed Assets fat Costl 34,139 Equipment 34,139 420,7391 Accumulated Depreciation 427,5651 6,574 727,879 Leasehold Improvements fat cost) 727,879 4174,2991 Accumulated Amortization 4216,4821 511,397 517,971 566,408 less LIABILITIES Current Liabilities 2,820 Income in Advance 40;196 5,319 Sundry Creditors 8,241 48,437 Deferred Liabilities 27,603 Loan 111 Provisions 41,714 Provision for Annual Leave 35,637 15,286 Provision for Long Service Leave 17,594 53,231 101,668

487,250 464,740

Notes:

1. Grants from the University of Melbourne are made up of the following:

- grant to write off the balance of the loan outstanding as at the 31st December, 1988 19,469 - grant to meet the working capital deficit as at the 31st December, 1988 190,086

209,555

2. These Statements should be read in conjunction with Note 13 of the University's 'Notes on the Published Financial Statements'.

29 10. SPORT AND PHYSICAL RECREATION CENTRE

Statement of Income and Expenditure for the Year Ended 31 December 1988 1981 $ Motes $ $ $ INCOME Allocation from Amenities i 859,426 Services Fund 940,696 Grants - University of Melbourne - Salary 29,936 122,000 Maintenance 112,000 1,000 General 1,000 152,936 149,241 Membership Fees 151,909 29,955 Use of Facilities 111 149,254 7,865 Interest 6,574 59,939 Physical Recreation 111 60,314 &liniment L Locker Hire 29,189 20,924 Clubs 11,729 13,639 Australian University Championships 5,338 - Commission 17,065 159,123 Sundry Incase 111 38,336 1,624,040 1,423,112 less EIPENDITURE 541,256 Salaries L Associated Costs Ill 547,665 68,398 Administrative Expenses [11 69,050 71,233 Physical Recreation 67,482 173,836 Operating Costs of Facilities 218,655 205,050 Repairs L Maintenance 115,681 22,850 Grant to Sports Union 26,500 Grants to Outstations 3,933 40,017 Australian University Championships 34,759 Sports Clubs' Expenses: 49,311 Affiliation Fees 44,539 31,844 Coaching 43,077 96,195 Equipment L Consumables 104,964 21,301 Other 63,855 256,435 19,465 External Facilities 25,091 71,534 Depreciation 54,436 19,775 Other Expenses 111 8,689 Abnormal Item: Prior Period Adjustment 131 28,135 1,456,517 1,444,065 120,9531 Operating Surplus/Deficitl for Year 167,523 Extraordinary Items Insurance received for Air Hall 121 120,000 Write Off: Air Ball 121 161,5001 58,500 120,9531 Surplus/lDeficit1 for Year 226,023 461,528 Accunulated Funds at 1st January 446,575 446,515 Total Available for Appropriation 672,598 less transfers to Reserves Major Maintenance Reserve 141 122,000 Air Ball Replacement Reserve 121 120,000 Coaputerisation Reserve (51 30,000 212,000 446,515 Accumulated Funds at 31st peceaber 400,598

30

10. SPORT AID PHYSICAL RECREATION CENTRE

Balance Sheet as at 31 December 1988 1987 $ Notes $ ACCUMULATED FUNDS AND RESERVES 446,575 Accumulated Funds 400,598 Reserves Accumulated Capital Grants: 211,504 Government I Donations 211,504 354,620 University of Melbourne 354,620 14,678 Sports Union 14,678 Air Hall leplacesent Reserve 121 120,000 Major Maintenance Reserve 141 122,000 Computerization Reserve 151 30,000 922,802 1,897,377 1,323,400 represented by: ASSETS Current Assets 31,593 Cash at Bad 402,690 95 Advances 110 1,105 Prepayments 2,832 22,985 Sundry Debtors 4,756 410,458 52,497 Investments 35,710 Fired Assets (at cost) 31,364 Furniture I Fittings 31,364 (12,545) Accusulated Depreciation (18,8181 12,546 173,560 Plant 6 Eguipneat 180,254 (33,1411 Accumulated Depreciation (50,6471 129,607 14,650 Motor Vehicle 14,650 15,6361 Accumulated Depreciation (8,566) 6,084 196,908 Grounds laprovesents 196,908 113,1271 Accumulated Depreciation (19,6911 177,217 1,010,285 Buildings 121 830,285 (149,5141 Accumulated Depreciation 121 (62,1781 768,107 1,093,561 1,539,729 less LIABILITIES Current Liabilities 5,210 InCone in Advance 131 11,745 46,484 Sundry Creditors 44,621 56,366 Deferred Liabilities 95,802 Debentures (61 15,488 Life Memberships 131 24,840 100,328 Provisions 30,709 Provision for Annual Leave 23,925 52,497 Provision for Long Service Leave 35,710 59,635 216,329 1,197,377 1,323,400

31 10. Sport and Physical Recreation Centre

Motes to 1988 Accounts

1. During 1988 the Chart of Accounts was substantially revised. This has meant that for 1988 detailed comparisons with the previous year for some items of incoae and expenditure are not possible. 2. The Air Ball was destroyed in a wind stop during 1988. The written down book value of the Air Hall as at the date of destruction was written off and is shown as an Extraordinary !tea. The insurance remittent has been set aside as a reserve for the replacement of the Ball. 3. In 1988 the Centre decided to change its accounting treatment of Life Membership incoae. In a result of this decision a prior period adjustment of $18,135 was required to account for life membership fees received in prior years. The current portion of life membership fees is shown as part of income in advance 05,3201 with the balance shown as deferred liability l$14,8401. 4. A Major Maintenance Reserve was created for the first time from a grant received frog the University in 1988 for a five year maintenance programme. 5. A Computerisation Reserve was created in 1988 for completion of the Centre's computerisation programme in 1989. 6. The debentures represent the amount owed by SPREC to the University in respect of amounts borrowed by the University for SPREC buildings. The University's liabilitiy is shown in Statement 4 - 'Statement of Balances'. 7. These Statements should be read in conjunction with Note 13 of the 'Notes on the University's Published Financial Statements'.

32 11. SPORTS UNION

Statement of Income and Expenditure for the Year Ended 31 December 1988

1987 $ $ INCOME

22,850 Grant-Sport k Physical Recreation Centre 26,500 995 Sundry Income 933 2,548 Blues Dinner 7,139 34,572 less UPENDITURE 15,068 Subscriptions - AUSA 14,628 2,426 Administrative & Other Expenses 3,100 4,181 Blues Dinner 8,857 21,185 4,718 Surplus for Year 7,387

169,411 Accumulated Funds at 1 January 174,129 $174,129 Accumulated Funds at 31 December $181,516

Balance Sheet as at 31 December 1988

1987 $ $ $ $174,129 ACCUMULATED PONDS $181,516 represented by: ASSETS Current Assets 170,127 Cash at Bank 175,967 28 Sundry Debtors 7,320 Stock on Band 6 B49 181,616

less LIABILITIES Current Liabilities 3,346 Sundry Creditors 100 $114,129 $181,516

Notes 1. These Statements should be read in conjunction with note 13 of the 'Notes on the University's Published Accounts'.

33 yertimy CLINIC AND BOSPITAL

Statement of Incole and Expenditure for the Tear Ended 31 Decesber 1988 1987 $ Motes $ $ $ INCOME 1,482,405 Fees for Services Rendered 1,685,460 12,560 University 'Crossover Charges 13,417 365 Bad Debts Recovered 131 1,699,768 1,495,330 less EIPENOITURE Cost of Sales 199,678 Professional Salaries 300,591 236,586 Technical Salaries 272,185 38,878 Feedstuffs 46,043 372,712 Countable Supplies 419,251 17,536 Motor Vehicle Expenses 21,909 9,567 Depreciation - Motor Vehicles 16,108 2,029 Freight 1,789 2,431 Travelling Expenses 2,196 890 Fringe Benefits Tax 840 1,080,912 Other Expenses 195,206 Administration Salaries 210,020 14,149 Superannuation 36,512 37,444 Payroll Tax 46,181 8,459 Workcare 11,135 14,959 Long Service Leave 17,924 8,324 Recruitment i Staff Training 4,644 21,015 Printing 4 Stationery 16,298 1,560 Telephones 445 5,310 Postage 1,821 3,900 Audit Fees 4,500 206 Uniforms k Stores 1,343 29,618 Repairs i Maintenance 111 83,249 6,878 Legal Expenses 7,454 54,634 Depreciation - Plant i Equipment 56,530 1,882 Administration i Bank Charges 2,297 25,510 Bad I Doubtful Debts 38,964 Abnormal Item: Prior Period Adjustment Adjustment 121 200,000 745,323 1,826,235 1,309,421 185,909 Operating Deficit for Year (1 26,4 67 1 Extraordinary Items 3,911 Profit on Sale of Fixed Assets 27,358 189,880 Deficit for Year and Extraordinary Item (99,1091 537,172 Accusulatel '-gds at 1 January 491,652 Transfer from Building Development Reserve 131 1 0 0,00 0 727,652 Total Available for Appropriation 498,543 Transfers to 100,000 Building Development Reserve 131 50,000 60,000 Equipment Replacement Reserve 70,000 Faculty of Veterinary Science (50,0001 497,652 Accumulated Funds at 31 December 448,543

34 12. VETERINARY CLINIC AND HOSPITAL

Statement of Balances as at 31 December 1988

1987 Notes $ ACCUMULATED FUNDS 6 RESERVES 497,652 Accumulated Funds 448,543 Reserves 100,000 Building Development 131 50,000 60,000 Equipment Replacement 60,000 110,000 ------657,652 558,543 represented by: ASSETS Current Assets 203,888 Cash at Bank 170,008 340 Cash in Band 300 229,180 trade Debtors 312,369 (20,0001 Estimated Doubtful Debts (30,0001 282,369 3,718 Bork rn Progress 9,792 143,632 Stock (at cost) 148,234 2,762 Prepayments 2,450 613,153 Piled Assets (at cost! 64,639 Motor Vehicles 84,545 (15,9921 Accumulated Depreciation (14,9171 69,628 410,590 Plant 409,392 (181,6401 Accumulated Depreciation (206,3741 203,018 272,646 885,799 less LIABILITIES Current Liabilities Accrued Expenses 6,414 5,016 Income in Advance 79,818 Sundry Creditors 102,202 University Loan 121 100,000 208,676 Provisions 14,640 Provision for Annual Leave 36,665 63,991 Provision for Long Service Leave 81,915 118,580 327,256 651,652 558,543

Notes: 1. Repairs and Maintenance includes $41,838 spent on renovations to the waiting moo and reception area of the Clinic and Hospital. 2. In 1985 the University wade a loan of $200,000 available for facilities expansion. 3. The Building Development Reserve was created in 1981 to repay the University Loan for facilities expansion. 4. These Statements should be read in conjunction with note 13 of the 'Notes on the University's Published Financial Statements'.

35 13. STRATBFIELDSAYE ESTATE

Statement of Income and Expenditure for the Year Ended 31 December 1988 1987 Notes INCOME Farm 12,928 Sheep - Trading 12,444 - Stock Increase 111 5,546 223,481 Wool 314,557 21,911 Cattle - Trading 14,362 - Stock Increase (11 1,306 4,796 Other 5,791 354,006 8,915 Homestead 9,511 35 Research Institute 2,380 Estate 363 363,880 274,452 less EXPENDITURE Farm 63,973 Salaries 4 Associated Costs 61,313 21,038 Shearing 27 , 509 19,743 Agents' Commission 35,161 31,052 Pastures 24,073 13,415 Fodder 10,857 955 Freight 3,123 6,632 Motor Vehicle Costs 11,494 411 Travel 651 10,311 Fuel i Oil 6,194 3,169 Electricity & Gas 4,819 13,504 Repairs 4 Maintenance 9,943 2,820 Administrative 2,294 18,987 Other 19,045 223,282 Bomestead 19,962 Salaries 4 Associated Costs 16,216 4,634 Electricity, Fuel i Gas 3,415 12,811 Repairs I Maintenance 5,586 1,449 Administrative 197 12,599 Rations i Stores 13,121 4,991 Other 2,334 41,529 Research Institute Salaries 1,062 605 Other 439 1,501 Estate 1,900 Audit Fees 1,900 31,076 Depreciation 27,756 4,717 Rates 6 Taxes 6,023 Travel 1,279 3,587 Other 1,720 38,678 304,990 317,073 (42,6211 Operating Surplus/(Deficitl for Year 58,090 add Extraordinary Item: 30,000 Capital Grant - Uni . of Melb 9,455 Write-back:Repairs 4 Maintenance 0 (3,1661 Surplus/(Deficitl and Extraordinary Items for Year 58,890

(162,961) Acconulated Funds at 1 January (206,2301 (166,1271 Total Available for Appropriation (147,3401 Transfers iron: Part Estate Bequeathed to 0 of M 1,369 Transfers to: (10,1031 Homestead Maintenance Reserve (8751 (30,000) Accumulated Capital Grants Reserve 494 (106,2301 Accumdlated Funds at 31 December (146,840

36 13. STRATEFIELDSAYE ESTATE

Balance Sheet as at 31 December 1988

1981 $ Notes $ $ $ $ ACCUMULATED FUNDS AND RESERVES (206,2301 Accumulated Funds (146,8461 Reserves 113,500 Accumulated Capital Grants 113,500 514,953 Part Estate Bequeathed to U of M 613,584 10,103 Bomestead Maintenance 10,918 798,062 592,326 651,216 represented by: ASSETS Current Assets 3,000 Advances 3,000 101,710 Livestock Sheep 109,377 14,891 (at average cost) Cattle 16,197 125,514 1,705 Sundry Debtors 391 128,965 3,419 Investments 121 3,741 Fined Assets (at cost) 722,331 Land, Buildings i Improvements 722,333 (11,6881 Accumulated Depreciation (19,2191 103,114 189,240 Plant 6 Equipment 190,632 (89,9431 Accumulated Depreciation (109,0061 81,626 23,202 Furniture i Fittings 23,202 (2,3201 Accumulated Depreciation (3,4801 19,722 70,581 Motor Vehicles 70,581 (26,330) Accumulated Depreciation (36,9171 33,664 838,126 970,832 less LIABILITIES Current Liabilities 371,568 Bank Overdraft 295,513 21,335 Sundry Creditors 14,173 309,686 Provisions 1,620 Provision for Annual Leave 1,909 6,949 Provision for Long Service Leave 8,021 9,930 319,616 592,326 651,216

Notes: 1. Stock increases includes natural increase and increase in the value of the stock. 2. This investment is also included in the University's Trust Account, Statement of Balances. 3. Property and Buildings Department expenditure totalling $4,375 in relation to Strathfieldsaye Estate has not been included in the above statement but is incorporated in 1 and 3 Combined Statement. 4. These statements should be read in conjunction with note 13 of the "Notes on the University's Published Financial Statements'. 21-Nov-89 02:28 PM C:k113kDATAkYEkSTENTS ■ 13BSTRTB

37 14. GRADDATE SUICIDE, OP MANAGEMENT - ADVANCED MANAGEMENT EDUCATION

Statement of Income and Expenditure for the Year Ended 31 December 1988

1987 S INCOME 810,437 Fees 916,606 10,713 Other Income 9,615 926,221 029,150 less EIPENDITURE 81,056 Salaries i Associated Costs 134,391 321,750 Accosodation 368,670 141,340 Food Services 197,086 389 Teaching Aids & Supplies 7,422 17,121 Printing, Stationery & Duplicating 37,196 1,722 Travel 10,404 18,194 Marketing 8,500 6,835 Depreciation - Equipment 6,895 12,926 Other Expenditure 30,651 801,271 601,333 221,811 Surplus for Year 125,000 Extraordinary Item Transfer to Graduate School of 11,250,0001 Management Foundation Ill (450,0001 (1,028,1831 Surplus/(Deficit] and Extraordinary Items (325,0001 1,335,740 Accumulated Funds at 1 January 301,557 307,557 Accumulated Funds at 31 December (17,4431

38 11. GRADUATE SCBOOL OF MANAGEMENT - ADVAICED MANAGEMENT EDUCATION

Statement of Balances as at 31 December, 1988

1987 $ $ $ 391,557 ACCUMULATED FUNDS (17,4431 ree reseated by: ASSETS Current Assets 448,445 Cash at Bank 11,400 Sundry Debtors (21 18,003 Prepayments 121 9 Fixed Assets 34,813 Equipment (at costl 34,813 (14,9941 AccunOlated Depreciation (21,8881 12,925 12,925 less LIABILITIES Current Liabilities Bank Overdraft 21,386 34,960 Sundry Creditors 2,982 150,600 Income in Advance 121 - 30,368 Provisions 4,550 Annual Leave 121 30,368 307,557 117,4431

Notes: I. In 1987 the transfer of funds to the Graduate School of Management Foundation was shown in the Appropriation Statement. In 1988 this item is shown as an Extraordinary Item and for comparative purposes the 1987 figures have been altered to treat this transfer as it is treated in 1908. The Graduate School of Management Foundation is included in the University's Trust Account, Statement of Balances, Statement 5. 2. The responsibility for the activities of the Graduate School of Management - Advanced Management Education will be transferred to the Melbourne Business School Limited from the 1st January, 1989. 3. These statements should be read in conjunction with note 13 of the 'Notes on the University's Published Financial Statements'.

39 15. GRADUATE SCHOOL OF MANAGEMENT - RESIDENTIAL DOUSE

Statement of Intone and Expenditure for the Year Ended 31 Deceaber 1988

1987 $ INCOME 883,130 Hire of Facilities (Courses) 1,070,412 9,622 Functions 2,972 26,884 Catering 48,795 46,608 Sundry Income 194,088 1,316,267 966,244 less EXPENDITURE 154,989 Salaries i Associated Costs 225,938 101,121 Food 121,258 44,674 Cleaning 61,237 2,615 Laundry 8,938 4,918 Advertising 233 417 Aire of Equipment 40 47,532 Fuel i Power 58,190 11,755 Telephone 2,261 3,468 Rates 2,506 9,107 Repairs 6 Maintenance 32,600 11,009 Equipment Replacement 3,299 18,188 Sundry Expenses 16,801 Abnormal [tea: Building Project [11 41,305 580,606 416,393 549,851 Surplus for Year 735,661 Extraordinary Item Transfer to Graduate School of Management Foundation 121 (550,0001 549,851 Surplus for Year and Extraordinary Item 185,661

77,329 Accumulated Funds at 1st January 627,180 627,180 Accumulated Funds at 31st December 812,841

40

15. GRADUATE SCBOOL OP MANAGEMENT - RESIDENTIAL BOISE

Statement of Balances as at 31 December, 1988

$ $ $ $ 627,180 ACCUMULATED PONDS 812,841 represented by: ASSETS Current Assets 533,833 Cash at Bank 806,287 3,872 Advances 131 6,266 Stock on Band 7,336 Prepayments 2,136 126,063 Sundry Debtors 65,689 881,448 less LIABILITIES Current Liabilities 24,216 Sundry Creditors 15,950 64,262 Income In Advance 131 - 64,262 Provisions 1,184 Annual Leave 904 3,063 Long Service Leave 1,282 4,345 68,607 627,180 812,841

Notes

1. During 1988 the Graduate School of Management - Residential Boise transferred $41,305 to the Graduate School of Management Building Project. 2. The Graduate School of Management Foundation is included in the University's Trust Account, Statement of Balances, Statement 5. 3. The responsibility for the activities of the Graduate School of Management - Residential Souse will be transferred to the Melbourne Business School Limited from the 1st January, 1989. 4. These statements should be read in conjunction with note 13 of the 'Notes on the University's Published Financial Statements'.

41 16. MELBOURNE THEATRE COMPANY

Statement of Income and Expenditure for the Year Ended 31 December 1988

1987 $ Notes $ $ INCOME 4,060,110 Box Office Receipts 3,603,455 437,154 Booking Fees 405,224 16,829 Kiosk Surplus 12,468 243,171 Fund Raising 199,579 84,173 Interest Received 35,392 224,348 Other Income 423,618 1,303,100 Grants 1,247,620 5,927,416 6,370,085 less EXPENDITURE 3,237,173 Salaries i Associated Costs 3,685,328 20,000 Provision for Superannuation - 196,332 Show Production 257,691 352,230 Royalties I. Commissions 315,924 391,221 Production 365,765 1,035,041 Theatre Costs 1,022,482 612,833 Sales i Promotion 612,528 165,466 Administrative 344,419 118,895 Depreciation 133,782 41,526 Fund Raising 15,568 170,000 Provision for Maintenance - 6,753,493 6,346,717 23,368 Operating Surplus/(Deficit) for Year (826,077) Extraordinary Item: Write-back of Provision for Maintenance (II 200,000 23,368 Surplus/(Deficit) for Year and Extraordinary Items (626,0771 (1,2401 Accumulated Funds at 1 January 22,128 22,128 Accumulated Funds at 31 December (603,949)

42 16. MELBOURNE THEATRE COMPANY

Balance Sheet as at 31 December 1988 1981 Rotes $ ACCUMULATED FUNDS AND RESERVES 22,128 Accomnlated Funds (603,9491 Reserves 2,317,806 Revaluation Reserve 1,365,410 50,000 Theatre Premises i General Bolding Account 50,000 1,000,000 State Government Capital Grant 1,000,000 3,415,410 3,389,934 1,811,461 represented by: ASSETS Current Assets 7,085 Cash on Band 7,525 1,260 Advances 1,261 5,413 Stock on Band 7,010 101,049 Prepayments 216,014 30,549 Accrued Income 35,392 82,837 Sundry Debtors 134,408 401,670 Investments 223,208 MTC Public Support Fund 272,688 Fixed Assets 57,306 Furniture i Fittings (at cost) 58,604 (20,5551 Accumulated Depreciation (24,830) 33,114 26,425 Motor Vehicles (at cost) 59,941 (17,2141 Accumulated Depreciation (14,8311 35,110 Plant i Equipnent (at cost i 673,246 Director's Valuation) 755,005 (301,3791 Accumulated Depreciation (364,4161 390,589 Freehold Building i Improvements 2,942,604 (at 1985 Valuation) 2,942,604 (176,5511 Accumulated Depreciation (235,4031 2,101,201 722,000 Freehold Land (at 1985 Valuation) 722,000 1,300,000 Freehold Property (21 1,300,000 5,188,674 5,863,032 less LIABILITIES Current Liabilities 1,049,685 Bank Overdraft 1,935,508 686,259 Income in Advance 628,151 69,216 Accrued Expenditure 96,011 145,609 Sundry Creditors 267,208 2,921,484 Provisions 39,180 Provision for Annual Leave 48,285 57,400 Provision for Long Service Leave 75,802 200,000 Provision for Maintenance 111 - 20,000 Provision for Superannuation 124,087 3,051,571 3,389,934 2,811,461

Rotes 1. The Provision for Maintenance was written back in 1988 as the provision was not in accordance with accounting standards. 2. Freehold property in Russell Street Melbourne was purchased in 1981 for $1.32. It is considered that the $1.32 represents land value only. 3. These statements should be read in conjunction with Note 13 of the 'Rotes on the University's Published Financial Statenente.

43 17. STAFF SUPERANNUATION (19861 FUND

Statement of.Incole and Expenditure for the Period Ended 31 Deceabir 1988 1987 $ $ $ S INCOME Contributions 111,310 University 105,288 41,149 Members 45,914 151,202 Interest & Dividends 4,312,209 On Investments 4,008,611 625 Underwriting emission - 1,008,611 148,000 Rent Received-Freehold Property 154,343 1,736,102 Gain on Sales of Investments 1,914,014 6,288,170 6,355,995 less EXPENDITURE Benefits 3,250,312 Pensions Paid 4 Accrued 3,352,999 3,749 Pyaent in Lieu of Deferred Pension 5,653 102,393 Pensions Counted 78,307 49,414 Payments on Resignation 41,991 3,418,850 Property . Expenses 39,500 Depreciation 39,500 Other 600 40,100 Administration Charges 71,808 Salaries i Associated Costs 75,680 9,219 Actuarial Fees 25,636 333 Legal Fees 2,250 10,132 Other 1,495 111,061 3,630,011 3,536,860 2,819,135 Surplus for Period 2,658,159

41,149,469 Accunulated Funds at 1 January 43,968,604 43,968,604 Accumulated Funds at 31 December 46,626,163

44 17. STAFF SUPERANNUATION (1986) FUND

Balance Sheet as at 31 December 1988 1987 Notes $ $ 43,968,604 ACCUMULATED FUNDS 46,626,763 represented by: ASSETS Current Assets 70,191 Cash at Bank 33,201 624,191 Accrued Interest 660,179 693,380 Investments 11,127,510 Government Securities Ill 12,143,380 Company Ordinary Shares A Convert- 28,205,094 ible Notes Ill 30,148,014 Fined Deposits - Bank Term 2,700,000 Deposits 1,950,000 44,841,394 Freehold Property 1,580,000 Freehold Property fat cost) 131 (323,2101 1,580,000 Accumulated Depreciation (362,710) 1,217,290 46,752,064 less LIABILITIES Current Liabilities 15,112 Sundry Creditors 125,301 43,968,604 46,626,763

Notes: 1. Market value at 31/12/88: $13,198,500 2. Market value at 31/12/88: $43,537,497 3. Market Value at 31/12/88: $1,644,000 4. These statements should be read in conjunction with Note 13 of the 'Notes on the University's Financial Statements'.

45

11. Stiff 1SJ.411G ACCOORT

Statesee of Isom aid Ixpesditure for the Year Laded 31 Deceiber 1911

1907 MOM 1,116 littered Received cm Limos 1,316 2,357 Subsidy - free Tryst hod' 1,574 2,111 les' ISPEIDITOlt 4,173 Overdraft Isterest A Ralik Charge' 2,111 I Surplus for Year 1 SSSSS XXI":

46

18. STAFF HOUSING ACCOUNT

Balance Sheet as at 31 Decesber 1988

1981 ASSETS Current Assets 1,357 Subsidy Due frog Free Trust Funds 1,514 133 Sundry Debtors 466 2,040 Loans 25,983 Staff Loans Outstanding 12,192 14,232

less LIABILITIES Current Liabilities 28,900 Bank Overdraft 14,141 113 Sundry Creditors 85 14,232 0 0

Notes

1. This statement should be read in conjunction with Note 13 of the 'Notes on the University's Financial Statements'.

47 19. MELBOURNE UNIVERSITY PRESS

Statement of Income and Expenditure for the Year Ended 30 September 1988

1987 $ INCOME Sales 106,887 Publications 1,162,057 3,703,482 Bookroom 4,091,012 5,259,129 (81,2941 Trade & Retail Transfers (68,013) 5,191,116 62,389 Contributions - Publications 10,110 7,917 Sale of Rights, etc.- Publications 10,460 - Recovery of Bad Debts 1,338 294,772 Interest on Investments 263,411 5,536,436 4,894,153 less RIPERDITURE Cost of Goods Sold 439,319 Publications 499,737 2,626,605 Bookroom 2,921,051 3,420,788 (77,2131 Trade & Retail Transfers (63,2631 3,357,525 Salaries & Associated Costs 361,374 Publications 402,140 826,787 Bookroom 851,772 1,253,912 Selling, Administration k Other 520,597 Publications 502,174 236,988 Bookroom 241,079 743,253 (4,0811 Trade & Retail Transfers (4,7501 738,503 5,349,940 4,930,376 (36,2231 Operating Surplus/(Deficit) for Year 186,496 Extraordinary Item: 1,924 Profit/(Loss) on sale of Fixed Assets (1,1191 (34,2991 Surplus/(Deficit( for Year and Extraordinary Items 185,371

2,125,490 Accumulated Funds at 1 October 2,273,595 Transfers from Reserves Export Development Reserve 4,115

2,391,191 Total Available for Appropriation 2,463,687 Transfers to Reserves (114,7101 Cash Planning Investment Reserve (119,9881 (2,8861 Miegunyab Trust Reserve (3,0371 4123,0251 2,273,595 Accumulated Funds at 30 September 2,340,662

48 19. MELBOURNE URIVERSITT PRESS

Balance Sheet as at 30 September 1988

1981 Notes $ ACCUMULATED FUNDS AID RESERVES 2,273,595 Accumulated Funds 2,340,662 Reserves 11,137 Export Development Reserve 13,422 924,281 Cash Planning Invest Reserve Fond 1,144,269 23,010 Miegunyah Trust Reserve Fund 16,047 1,083,738 3,239,013 3,424,400 represented by: ASSETS Current Assets 13,116 Cash at Bank 1,255 Cash it Band 2,155 6,000 Stamps (incl Franking Machines) 6,000 383,958 Sundry Debtors 196,846 (5,0001 Estimated Doubtful Debts (5,0001 191,846 4,244 Prepayments 2,582 126,023 Accrued Income 172,346 1,298,647 Stock (at valuation) 1,644,684 2,019,613 Investments 1,100,000 Current Account 1,000,000 924,281 Cash Planning 111 1,044,269 23,010 Miegunyab Trust 111 26,047 2,070,316 Ron-Current Assets 10,792 Advances for Future Manuscripts 9,762 Pined Assets (at cost) 198,855 Furniture, Equipment 4 Iaprovs 313,223 (84,5281 Accumulated Depreciation (114,623) 198,550

254,238 Leasehold loproveaents 254,238 (31,826) Accumulated Amortization (44,9081 209,330 407,880 4,501.511 less LIABILITIES Current Liabilities Bank Overdraft 182,990 628,716 Sundry Creditors 562,178 55,431 Income in Advance 31,867 777,035 Provisions 131,239 Provision for Annual Leave 140,923 142,716 Provision for Long Service Leave 135,213 30,000 Provision for Stock Markdowns 30,000 306,136 1,083,111 3,239,023 3,424,400

Rotes: 1. Investments held in University of Melbourne Trust Funds on behalf of Melbourne University Press. 2. These statements should be read in conjunction with Note 13 of the 'Notes on the University's Financial Statements'.

49

19.A MELBOURNE UNIVERSITY PRESS

Statement of Sources and Applications of Funds for the Year Ended 30 September, 1988

lotes

SOURCES OF FUNDS Funds from Operations 1.6 Inflows of Funds from Operations 5,536,436 Outflows of Funds from Operations 5,311,651 224,185 leductions in Assets Current Assets Sundry Debtors i Accruals 187,112 Prepaylents 1,662 Cash on Band and at Bank 22,176 Ion-Current Asse'ts Loans/Advances for Future Manuscripts 1,030 Increase in Liabilities Current liabilities Bank Overdraft 182,990 TOTAL SOURCES OF FONDS 619,855

APPLICATION OF FUNDS Increase in Assets Current assets Investments 23,025 Stocks 346,037 Accrued Income 46,323 Non-Current Assets Buildings and equipment 114,368 Decrease in Liabilities Current Liabilities Sundry Creditors 4, Accruals 66,538 Inoue In Advance 23,564

TOTAL APPLICATIONS OF FONDS 619,855

50 KI;5481 Peat Marwick Hungerfords

Charts, NI Ag ■

1 , 1.14..4 HI ii1.111 ...!e• 1 0)(14 10,!10,1; 114• i 1,../10..“ MCIINkMM . Va i0110 M•Altolom ``.. Pt , / 1 •14 4.1A OS110,11;1.1

MELBOURNE BUSINESS SCHOOL LIMITED

FINANCIAL STATEMENTS

for the year ended

31 December 1988

MELBOURNE BUSINESS SCHOOL LIMITED is incorporated in Victoria.

, Itai

51 Page 1 of 14

LBOUR ki US SS SCHOO

FINANCIAL STATEnal AND REPOR

31 DECEMBER 1988

DIRECTORS: Mr J C Dahisen Prof D G Penington Prof P J B Rose Prof D E Caro Mr R J Poulton

SECRETARY: Mr J Cullen

REGISTERED 200 Leicester Street OFFICE: CARLTON VIC

BANKERS: National Australia Bank

ACCOUNTANTS/ Peat Marwick Hungerfords AUDITORS: 80 Collins Street MELBOURNE VIC 3000

TABLE OF CONTENTS PAGE

Notice of Meeting 2 Directors' Report 3 Statement by Directors 6 Profit and Loss Statement 7 Balance Sheet 8 Notes to and forming part of the Accounts 9 Statement of Sources and Applications of Funds Auditor's Report

52 Yage 2

MELBOURNE BUSINESS SCHOOL LIMITED

NOTICE OF MEETING

Notice is hereby given that the annual general meeting of the company held as hereunder: will be

PLACE: 200 Leicester Street, Carlton

DATE: 30 March 1989

TIME: 8.30 a.m.

BUSINESS

1. To receive the balance sheet as at 31 December 1988, and the profit and loss statement and statement of sources and applications of funds for the period then ended, together with the directors' statement and directors' and auditor's reports thereon.

2. To eject directors for the forthcoming year.

3. To appoint an auditor for the year ended 31 December 1989.

Dated: 16 March 1989.

J CULLEN SECRETARY

53 Page 3 of 14

HELEOME_1151RESS S.C11001 - LIMEITO

31 DECEMBER 1988

DIREC ORS' REPORT

The Directors present their report together with the accounts of Melbourne Business School Limited for the year ended 31 December 1988 and the auditors' report thereon.

DIRECTORS

The Directors of the company in office at the date of this report are:—

Mr. J.C. Dahlsen Solicitor Chairman Director Australian and Age 54 New Zealand Banking Group Limited, Tricorn Corporation Limited, Institute of Public Affairs Limited, OVS Investment Corporation Limited

Prof. D.G. Penington Vice—Chancellor Director ' University of Melbourne Age 59

Mr. R.J. Poulton Managing Partner Director Corrs Pavey Whiting E. Byrne Age 36 Solicitors

Prof P J B Rose Director Director Graduate School of Management Age 53 University of Melbourne Hewlett—Packard Aust Limited and A.M.P. Society Limited

Prof D E Caro Professor Director University of Melbourne Age 66

PRINCIPAL ACTIVITIES

The principal activity of the company doling the .curse of the financial year was that of an educational institution.

During the year there were no significant changes in the nature of activities of the company.

RESULTS OF OPERATIONS

During the year the company earned an operating profit of 16,430 (no tar. applicable) (1987 loss $35).

REVIEW OF OPERATIONS

The company has organised a number of educational seminars during the year and has also taken part in a number of consulting and research projects. This has had n significant. impact_ on Lhe company's profile within the educational environment and in representative of the f . ommitmenl shown by Lhe company's !;taff. 54 rage 4 01 14

MELBOURNE BUSINESS SCHOOL LIMITED

31 DECEMBER 1988

DIRECTORS' REPORT (continued)

DIVIDENDS

The Melbourne Business School Limited is a company limited by guarantee and is prohibited by its Memorandum of Association (Section 4), from paying a dividend to its members.

STATE OF AFFAIRS

In the opinion of the Directors there were no significant changes in the state of affairs of the company that occurred during the financial year under review not otherwise disclosed in this report or the accounts.

EVENTS SUBSEQUENT TO BALANCE DATE

There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature likely, in the opinion of the Directors, to affect significantly the operations of the company, the results of those operations, or the state of affairs of the company in subsequent financial years.

FUTURE DEVELOPMENTS

The main activities which the company will develop and market during 1989 are:

- Assistance in development and delivery of courses and management education programs as requested by the Graduate School of Management.

- Development and provision of seminars and short executive courses and subjects where demand is apparent.

- Negotiation and entering into contracts for the management and carrying out of consultancy projects.

In order to successfully carry out its current commitments the company will need to locate and engage appropriately qualified and experienced personnel to participate in the above activities.

55 Page 5 of 14

MELBOURNE BUSINESS SCHOOL LIMITED

31 DECEMBER 1988

pIRECTORs. REPORT (continued)

DIRECTORS' BENEFITS

Since the end of the previous financial year no Director of the company has received or become entitled to receive any benefit (other than a benefit included in the aggregate amount of emoluments received or due and receivable by Directors shown in the accounts) by reason of a contract made by the company or a related corporation with the Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest, other than in respect of Mr R.J. Poulton, a partner in the firm of Corrs Pavey Whiting & Byrne, solicitors, which firm renders professional services to the company in the ordinary course of business.

Dated at Melbourne this 16th day of March 1989.

Signed in accordance with a resolution of the Directors:

56 Page 6 of 14

MELBOURNE BUSINESS SCHOOL LIMITED

31 DECEMBER 1988 STATEMENT BY DIRECTORS

In the opinion of the Directors of Melbourne Business School Limited:

(a) the accompanying accounts as set out on pages 7 to 13 are drawn up so as to give a true and fair view of the result of the company for the year ended 31 December 1988 and the state of affairs of the company as at 31 December 1988;

(b) at the date of this statement, there are reasonable grounds to believe that the company will be able to pay its debts as and when they fall due.

The accompanying accounts of the company are made out in accordance with Australian Accounting Standards and applicable Approved Accounting Standards.

Dated at Melbourne this 16th day of March 1989.

Signed in accordance with a resolution of the Directors.

57

Page 7 of 14

MELBOURNE BUSINESS SCHOOL LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 1988

NOTE 1988 1987

Operating profit/(loss) 3,4 6,430 (35)

Retained losses at the beginning of the financial year (35) Nil

Retained profits/(loss) at the end of the financial year 6.195 (35)

The profit and loss account is to be read in conjunction with the notes to and forming part of the accounts set out on pages 9 to 13.

58 Page 8 of 14

MELBOURNE BUSINESS SCHOOL LIMITED

.DALANCE SHEET

AS AT 31 DECEMBER 1988

cite 1988 2987 CURRENT ASSETS Cash 17,660 Receivables 5 4,151 Investments 6 425,000 Inventories 7 3.529

TOTAL CURRENT ASSETS 450.340 TOTAL ASSETS A,5_0 3 4Q CURRENT LIABILITIES Creditors and borrowings 8 125,681 Other 35 9 318.264 TOTAL CURRENT LIABILITIES 443.94 35 TOTAL LIABILITIES --_—_22 NET ASSETS 6.351 SHAREHOLDERS' EQUITY Retained profits 6 395 (35) TOTAL SHAREHOLDERS' EQUITY

Commitments and Contingent liabilities

The balance sheet is to be read in conjunction with the notes to and forming part of the accounts set out on pages 9 to 13.

59

Page 9 of 14

MELROBEE_DUSINESS_SCUODL_LIMITED

to 'it I II I

FOR THE YEAR ENDED 31 DECEMBER 1988

1. STATEMENT OF ACCOUNTING POLICIES The accounts of the company have been drawn up in accordance with the the Australian accounting standards and disclosure requirements of accounting bodies, applicable Approved Accounting Standards the provisions of Schedule 7 to the Companies (Victoria) Regulations as in force on 30 September 1987 and the requirements of law. They have been prepared on the basis of historical costs and do not take into account changing money values nor, except where stated, current valuations of non-current assets. Except where stated, the accounting policies have been consistently applied.

Set out below is a summary of the significant accounting policies adopted by the company in the preparation of the accounts.

(a) Income Tax

• The company is exempt from income tax under Section 23(e) of the Income Tax Assessment Act (1936).

(b) Inventories

Inventories are valued at the lower of cost and net realisable value.

2. MEMBERS' FUNDS

The Melbourne Business School Limited is a company limited by the guarantee of its members. There are five members and the liability of members is limited to a maximum of 150 each.

19_1 2 1987

3. OPERATING REVENUE

Included in operating revenue are the following items entering into the determination of operating profit:- 347,957 Fee revenue

Other revenue-

- interest received from other persons/corporations 16,252 36/4,209

60

Page 10 of 14

HELIWURNE BUSINESS SCHOOL LIMIIED NOT iLl II, 'it I I, ; oh

FOR THE YEAR ENDED 31 DECEMBER 1915 (Continued)

15a 1987

4• OPERATING PROFIT

Included in operating profit are the following items of expense:-

Remuneration of auditors

Amounts received or due and receivable by the auditors for:-

- Auditing the accounts 4 , 700 5• RECEIVABLES Current

Trade debtors 4, 1 51

6. INVESTMENTS

Short term deposits 425,0 00 7. INVENTORIES

Calculators - at cost 1,517 Research project - work in progress 2,012

3,52 9

61

Page 11 or 14

MELBOURNEARISINESS SCHOOL 1.1MITED

NOTES TO AND FORMING PART OF THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 1988 (Continued)

1988 1912 t 8. CREDITORS AND BORROWINGS Current

Loan - GSM Foundation - unsecured 100,000 Trade creditors 4,700 Sundry Creditors 20.981

;.2 .6 8 1

9. OTHER CURRENT LIABILITIES

Fees paid in advance - 1989 318.264

10. DIRECTORS' REMUNERATION

Remuneration of Directors

The number of directors of the company, including executive directors, who received or in respect of whom income is due and receivable, from the company within the following bands is:

1988 1987 $10,000 - $19,999 1

Total income received, or due and receivable, by the directors, including executive directors, from the company is $18,900.

62

Page 12 of 14

MELKURNE BUSINESS SCUOOL LIMITED OF SOURCES AND APPLICATIONS OF aVUMARY FUNDS

Note 1988 1181 4 SOURCES OF FUNDS

Funds from Operations

Inflows of funds from or-rations Fee revenue 347,957 Interest 16.252

364,209

Less outflows of funds from operations 357.779 35

6,430 (3 5 )

APPLICATIONS OF FUNDS

Increase in working capital (i) 6,430 (35)

The summary of sources and applications of funds is to be read in conjunction with the notes to and forming part of the summary set out on page 13.

63 Page 13 of 14

MELBOURNE BUSINESS SCHOOL LIMITED

NOTES TO AND FORMING PART OF THE

SUMMARY OF SOURCES AND APPLICATIONS OF FUNDS

(1) The increase in working capital is as follows: Increase/(decrease) in current assets: 1988 1987

Cash 17,660 Receivables 4,151 Short term deposits 425,000 Inventories 1,517 Other - Research Project HIP 2.012

450,340

Less: Increase/(decrease) in current liabilities:

Creditors and borrowings 125,646 35 Fees in advance - 1989 318 264

Net increase in working capital 6,4 .39 (3”

64

Page 14 of 14

1'p;,, 1,,,,,.„„ck I iti111,011rtl:•

AUDITORS' REPORT TO THE MEMBERS OF

MELBOURNE BUSINESS SCHOOL LIMITED

We have audited the accounts set out on pages 7 to 13 in accordance with Australian Auditing Standards.

In our opinion the accounts are properly drawn up in accordance with the provisions of the Companies (Victoria) Code and so as to give a true and fair view of:

(i) the state of affairs of the company as at 31 December 1988 and the result of the company for the year ended on that date; and

(II) the other matters required by Section 269 of that Code to be dealt with in the accounts;

and are in accordance with Australian Accounting Standards and applicable Approved Accounting Standards.

PEAT MARWICK HUDGERFORDS CHARTERED ACCOUHTANTS

(L LCC

PARTNER

ME!MOURN-7 , ,1989.

65 THE UNIVERSITY OF MELBOURNE

ANNUAL REPORT FOR 1988

PART 2

FINANCIAL STATEMENTS

Statement by the Vice-Chancellor and the Registrar

In our opinion the Statements of Accounts numbered 1 to 18, in conjunction with the Introductory Notes to the Statements, present fairly the operations of the University for the year ended 31 December, 1988, the changes in the financial position during the year and the state of the affairs of the University at year end.

In our opinion the Statement of Account numbered 19 presents fairly the operations of The University of Melbourne (Melbourne University Press) for the year ended 30 September, 1988, the changes in the financial position during the year and the state of affairs of the Melbourne University Press at year end.

We are not aware at the date of signing these statements of any circumstances which would render any substantial particulars included in the Statements to be misleading or inaccurate.

D.G. PENINGT•., J.B. POTTER, VICE-CHANCELLOR REGISTRAR I4/3/°10

Statement by the Principal Accounting Officer

In my opinion the Statement of Accounts numbered 1 to 18, in conjunction with the Introductory Notes to the Statements, present fairly the operations of the University for the year ended 31 December, 1988, the changes in the financial position during the year and the state of affairs of the University at year end.

In my opinion the Statement of Account numbered 19 presents fairly the operations of The University of Melbourne (Melbourne University Press) for the year ended 30 September, 1988, the changes in the financial position during the year and the state of affairs of the Melbourne University Press at year end.

E.L. ASTON. PRINCIPAL ACCOUNTING OFFICER I +/ 3 /90

66

Contact 1 MACARTHUR STREET Telephone MELBOURNE. VIC . 3002 Our Rel . TELEPHONE 651 6012 Your Ref: FAX NO 650 5391 VI CT OR IA

AUDITOR-GENERAL'S REPORT

The accompanying financial statements of the University of Melbourne comprising: • statements numbered 1 to 5, 7, 12, 14 and 15 covering the period 1 January 1988 to 31 December 1988, prepared on a modified accrual basis of accounting as disclosed in notes 1.3 and 13.4; and ♦ statements numbered 6, 8 to 11, 13 and 16 to 18 covering the period 1 January 1988 to 31 December 1988 and statement 19, covering the penod 1 October 1987 to 30 September 1988, prepared on a full accrual basis of accounting as disclosed in note 13.4. have been audited as required by the Melbourne University Act 1958 and in accordance with Australian Auditing Standards. In my opinion, the financial statements present fairly the state of the affairs of the University of Melbourne as at 30 September 1988 (statement 19) and 31 December 1988 (statements 1 to 18) and the results of its operations for the year ended on those dates in accordance with the modified accrual basis of accounting (statements 1 to 5, 7, 12. 14 and 15), with full accrual accounting (statements 6, 8 to 11, 13, 16 to 19) and with Australian Accounting Standards.

MELBOURNE C.A. BARAGWANATH -2//J//990 Auditor-General

67

Library Digitised Collections

Author/s: University of Melbourne

Title: University of Melbourne Calendar 1989

Date: 1989

Persistent Link: http://hdl.handle.net/11343/23480

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