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Annual Report 2014 the University of Sydney NSW 2006

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Annual Report 2014 the University of Sydney NSW 2006 Annual Report 2014 The University of Sydney NSW 2006 April 2015 The Hon. Adrian Piccoli, MP Minister for Education Governor Macquarie Tower 1 Farrer Place Sydney NSW 2000 Dear Minister, The Senate of the University of Sydney has the honour of presenting to you, in accordance with the Annual Reports (Statutory Bodies) Act 1984 and its subsequent amendments, the report of the proceedings and financial statements of the University of Sydney for the year ended 31 December 2014. Belinda Hutchinson AM Chancellor Dr Michael Spence Vice-Chancellor and Principal 2014 in numbers.............................................................................. 2 Year in review.................................................................................. 4 The University of Sydney .................................................................. 6 Learning and teaching ..................................................................... 7 Research and innovation .................................................................11 Development and engagement �������������������������������������������������������13 Our staff ����������������������������������������������������������������������������������������15 Academic promotions ....................................................................16 Governance and leadership ........................................................... 20 University Officers .........................................................................21 University of Sydney Senate 2014 ................................................... 22 Senate Committees ...................................................................... 23 Senate governance ........................................................................ 26 Senior executive remuneration 2014 .............................................. 28 Resources and investment ............................................................ 29 Operations .................................................................................... 31 Safety, health and wellbeing ........................................................... 31 Waste and sustainability ................................................................ 32 Privacy and personal information ................................................. 33 Legal affairs .................................................................................. 33 Government Information (Public Access) Act ................................. 34 Consumer response ...................................................................... 34 Financial year in review 37 Operating revenue ........................................................................ 38 Operating expenses �����������������������������������������������������������������������41 Expenditure on assets ....................................................................41 Equity ........................................................................................... 42 Operating statement ..................................................................... 42 Investments and investment performance ..................................... 43 Creditors’ payment performance �������������������������������������������������� 44 Summary of real estate owned or occupied by the University ......... 44 Overseas travel ............................................................................. 45 Financial statements for subsidiaries ............................................ 45 Financial Reports and Statements 2014 46 2014 in numbers As Australia’s first university sydney.edu.au our reputation spans more than 160 years. In 2014, we were ranked in the top 0.3% of universities worldwide, including 37 in the QS World Annual Report 2014 University Rankings. We taught more than 33,000 undergraduate and 19,000 postgraduate students, including 10,800 international students from more than The University of Sydney 145 countries. Page 2 With 3400 academic staff working across 16 faculties, and 70 research and teaching centres, we offered the widest range of academic programs of any Australian university. We connected with our 2014 in numbers 300,000 alumni around the world, and our students took part in 300 exchange agreements in more than 30 countries. We were awarded $413 million in federal research funding, and raised $83 million from more than 12,000 donors. Page 3 Year in review The University of Sydney achieved a great deal in 2014 and overcame substantial challenges. sydney.edu.au The Annual Report is a statutory reporting document and and Technology building; the new Business School in the does not provide the reader with the life and pulse of our Abercrombie Precinct; and the Queen Mary Building, buzzing and dynamic institution. which will provide accommodation for 800 students. These are all on track for completion in 2015. Annual Report 2014 The University generated many good news stories in 2014, while dealing with the challenges posed by the higher Research is also key to our relationships within the education reform package in the federal budget. Asian region. In March, at the invitation of the Taiwanese government, the Vice-Chancellor led the University’s Despite political uncertainty surrounding the sustainability first formal visit to Taiwan, and met with the Taiwanese of higher education funding, not only have we again President Ma Ying-jeou to discuss collaborative projects. returned a strong financial result, we have also expanded He also hosted dinner for 130 alumni, before travelling to the University’s equity support schemes, including Singapore to deliver the ST Lee Distinguished Lecture on the Early Offer Year 12 (E12) program, which gives the academic freedom. University a greater capacity to attract the most talented and capable students, irrespective of their background. The China Studies Centre has been critical forging and reinforcing links with China, and in 2014, again held Equity and access are, indeed, key concerns around the highly successful Sydney China Business Forum. the sustainable funding issues we face. We continue to The China Studies Centre was also instrumental in our develop programs to engage with Aboriginal and Torres university-wide delegation to Shanghai, which I attended Strait Islander students and communities. We still have a with the Vice-Chancellor. The University’s Sydney The University of Sydney way to go, but we are immensely proud of the progress the Southeast Asia Centre also held a successful forum with University has made as a leader in providing opportunities the theme of 40 years of Australian engagement with the for Aboriginal and Torres Strait Islander staff and students. Association of Southeast Asian Nations (ASEAN). Another of the biggest challenges for the sector is in While building on our international links, we have also ensuring the quality of research so as to be globally kept in mind what it means to be an Australian university. competitive and attract the best and brightest, both Our Wingara Mura – Bunga Barrabugu (“thinking path to within Australia and overseas. We are delighted that in make tomorrow”) Strategy is of great significance to the 2014, the University rose in rankings in three of the four University, and our new partnership with the Australian major world university rankings tables. This rise in rankings Institute of Aboriginal and Torres Strait Islander Studies was assisted by our development of world-class research and Georgetown University in the United States will focus and accommodation facilities. With one landmark building on intangible cultural heritage and the development project — the Charles Perkins Centre — established as a of teaching resources and cultural competence in thriving hub, progress continued on three other major public administration. works: the Australian Institute for Nanoscale Science Page 4 We are building staff numbers and expertise in the This event, a big step forward in our quest for gender National Centre for Cultural Competence. We were also equity, culminated in the presentation of eight honorary thrilled to be able to communicate our passion with the degrees to leading Australian women. wider public through our collaboration with the Vivid Festival during Reconciliation Week, lighting up the Nothing would be possible without much hard work on Year in review Quadrangle and, indeed, our hearts. the part of a great many people. We thank the Senate, Provost, Deputy Vice-Chancellors and our academic The University has made wonderful and encouraging and professional staff for their dedication in 2014. Our progress in achieving the targets set by INSPIRED – The thanks also to the retiring members of the Senate — our Campaign to support the University of Sydney: 2014 was long-serving Deputy-Chancellor, Alan Cameron AO, the Campaign’s first full year, and we have been humbled and our two student Fellows, James Flynn and Patrick by the generosity of donors, with a large number of Masarani. We welcome our new Fellow, Ilana Atlas, with substantial gifts. The University was announced as a whom we look forward to working in 2015, along with our founding partner of the Westpac Bicentennial Foundation, new Student Fellows, Simon Hill and Dalton Fogarty. and in September, Sydney became the first university in Australia to hold a 24-hour fundraising challenge. Our new Deputy Vice-Chancellor (Education), Professor Pip Pattison; Pro Vice-Chancellor (Strategic Collaborations and Partnerships), Professor Laurent Rivory; and Vice-Principal (Operations), Ms Sara
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