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University of Melbourne Annualreport2017 Fullreport Annual Report 2017 unimelb.edu.au Contents Chancellor’s letter 1 VC’s introduction 2 The Melbourne Vision 3 Our past, present and future 4 2017 timeline 6 At a glance 8 Five-year statistics 10 Growing Esteem 12 Chapters in brief 14 Teaching, Learning and the Student Experience 16 Research 34 Engagement 48 Sustainability 64 Staff honours 78 High-achieving students 80 University governance 82 Council members 83 Academic governance 86 Governance structure 87 Senior leadership/University management 88 Statutory reporting 92 Financial report 105 Financial report index 106 Financial statement overview 107 Five-year financial summary 110 Financial statements 114 Disclosure index 166 Glossary 169 Index 171 | Front cover: ‘Eagle nest’, 2011, acrylic on canvas by Wurundjeri/Yorta Yorta artist and researcher, Ashley Kerr-Firebrace, is an intricate depiction of Wurundjeri creator Bunjil (the eagle) standing strong in the nest and supported by country, culture and people. The University of Melbourne stands on the land of the Wurundjeri people of the Kulin Nations. Ashley is the son of Wurundjeri Elder, Aunty Diane Kerr, who was born in Carlton, lives on Country and performs the Wominjeka (Welcome) to Country at University of Melbourne events and ceremonies. The Hon. Gayle Tierney MLC Minister for Training and Skills Level 1, 2 Treasury Place East Melbourne Vic 3002 16 March 2018 Dear Minister In accordance with the requirements of regulations and financial reporting directions under the Financial Management Act 1994, I am pleased to submit for your information and presentation to Parliament the Annual Report of the University of Melbourne for the year ending 31 December 2017. The University of Melbourne Council endorsed the Annual Report at its meeting on Wednesday 14 March. 2017 was a successful year for the University. Student demand remained strong at both undergraduate and postgraduate levels. Academic and professional staff performed at a high level. The University’s research activity has maintained its impressive national and international profile. This is reflected in international university rankings, success in attracting research funding, and many awards and honours recognising the contributions of our academic staff. The University is embarking on a significant program of infrastructure development that will support the future of teaching and learning, innovation, and research. Transformative precinct projects, such as the New Student Precinct and the Engineering 2025 Program, will set the benchmark for future generations of students and researchers. The Parkville campus will be home to a new innovation precinct on the former Royal Women’s Hospital site, and a second campus for Engineering will be established at Fishermans Bend to support our industry-engaged research. In 2017 the University hosted the first Global Universities Engagement Summit, and the first cohort was inducted into the Atlantic Fellows for Social Equity program. The Science Gallery Melbourne launched its first exhibition, Blood: Attract and Repel, as planning commences to establish the gallery as a distinctive public presence in the innovation precinct. The University continued to make good progress towards reaching its target of raising $1 billion in philanthropic donations and deepening its relationships with alumni worldwide. The University of Melbourne Council is committed to leading the institution as it carries out Growing Esteem 2015–2020, the University’s strategy for being one of the finest universities in the world. Yours sincerely Allan J Myers AC QC Chancellor The 2017 Annual Report of the University of Melbourne highlights a number of successes achieved by students, academic and professional staff members and the scholarly community. These achievements both reflect and advance the goals of the University’s strategic plan Growing Esteem 2015 – 2020, which focus on scholarship, service, research impact, opportunity, student satisfaction and recruitment, teaching, engagement, sustainability, rankings and connection. In 2017 the University celebrated the 10th year of our ‘Melbourne Model’. This distinctive Melbourne curriculum continued to attract welcome levels of national and international student attention. Internationally, 36 per cent of the University’s 2017 student population came from overseas, while 55 per cent of the student population was enrolled in postgraduate courses. Responding to the ‘disruption’ of spreading digital technologies, the University expanded to 27 the number of wholly online graduate level award courses. Simultaneously, we continued vigorous work to enhance the traditional student experience through major investment in new learning spaces and extensive campus developments. The University’s leadership also worked closely with student leaders to conduct a highly visible ‘Respect’ campaign to promote a safe and welcoming campus environment. The University’s research community also achieved significant results in 2017, reflected in the continuing ‘number one’ ranking for Australia and, according to the Shanghai Jiao-tong Academic Ranking of World Universities, number 39 internationally. Research income earned for the year was $475 million. This compared with a year’s income research figure of $374 five years earlier. The 2017 research income figure included $171 million in grants from the National Health and Medical Research Council and Australian Research Council. The number of highly cited researchers at the University rose to 20. Meanwhile we maintained our focus on building research partnerships at local, state, national and international levels. The University’s engagement work also flourished in 2017. Highlights included commencement of the Atlantic Fellows for Social Equity program, arts sector programs including the University’s partnering with the National Gallery of Victoria to support the highly successful Van Gogh and the Seasons exhibition, and the first Science Gallery Melbourne exhibition, Blood: Repel and Attract. The University’s partnerhips with Indigenous communities were advanced, with two highlights being the Dungala Kaiela Oration in Shepparton and the Narrm Oration at Parkville. A significant industry partnership was forged with the creation of BioCurate, a joint venture between the University of Melbourne, Monash University and the Government of Victoria. The University’s entrenched its commitment to principles of environmental and social sustainability through publication of its Sustainability Plan. The University’s philanthropy campaign Believe: the Campaign for the University of Melbourne attracted many generous donations and a high level of alumni participation, with 385 094 people engaged by the end of 2017. Finally in 2017, a competitive and successful global search led to the appointment of the University’s next Vice-Chancellor, Professor Duncan Maskell of Cambridge University. It has been my pleasure to serve the University in this capacity since 2005, and I look forward to Melbourne continuing to flourish under the leadership of its next Vice-Chancellor. Professor Glyn Davis AC Vice-Chancellor 2 Annual Report 2017 Consistently ranked among the top 40 universities globally Known for service to the nation, recognising the responsibilities that follow national Providing opportunities for students from all cultures higher education leadership and all backgrounds to successfully participate in the educational, cultural and social life of the University Known for research and impact, underpinned by a comprehensive and Achieving student satisfaction and world-leading discipline base graduate outcomes comparable to the best universities in the world The Melbourne Vision The University of Melbourne is committed to being one of the finest universities in the world, contributing to society in ways that enrich and transform our lives. We measure our success by the 10 goals articulated in the University’s strategic plan Growing Esteem 2015–2020. Fully engaged in the life, culture and aspirations of Melbourne The Australian university and the regions we serve of choice for the most talented students and scholars worldwide Recognised as a leader in embedding sustainability in all aspects of the University’s operations, teaching Renowned for delivering learning and teaching and learning, research and engagement programs that transform talented students into thoughtful and accomplished graduates Deeply connected with business, government and community, with our precincts a key means of engaging with partners to leverage research and teaching strengths Annual Report 2017 3 Our past, present and future A tradition of excellence For over 160 years, the University of Melbourne has been sharing knowledge and cultivating the brightest minds. Today, we are Australia’s best and one of the world’s finest universities. PAST: LAYING A FOUNDATION Constantly evolving according Increasing accessibility FOR EXCELLENCE to need and purpose After World War II demand for higher education grew rapidly. During this The University of Melbourne was proclaimed When teaching began in 1855, the transformative period, the University by the newly formed Parliament of Victoria University of Melbourne had four evolved from a small, closed institution to in 1853 and its foundation stone laid in professors and just 16 students. In 1857 a higher education beacon, drawing the July 1854. We have been synonymous with the University introduced law, with brightest students and providing an ever- Melbourne’s intellectual growth and global
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