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ANNUAL REPORT 2018 Annual Report

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ANNUAL REPORT 2018 Annual Report ANNUAL REPORT 2018 Annual Report Murdoch University is committed Murdoch University to conducting its education, 90 South Street, Murdoch research and corporate activities Western Australia 6150 in a sustainable manner. In keeping Telephone: 08 9360 6000 with this commitment, the University Disclaimer has adapted its reporting practices The information contained in this publication was correct as at March 2019. to produce limited hard copies of the annual report, encouraging © 2019 Murdoch University stakeholders, customers, partners, This publication is copyright. Except as permitted by the Copyright Act 1968, no part students, employees and donors to of it may in any form or by any electronic, mechanical, photocopying, recording or any access the document online. other means be reproduced, stored in a retrieval system or be broadcast or transmitted without the prior permission of the publisher. CRICOS Provider Code: 00125J Statement of Compliance The Hon. Sue Mary Ellery MLC Minister for Education and Training; Leader of the Government in the Legislative Council Dumas House 2 Havelock Street WEST PERTH WA 6005 13 March 2019 Dear Minister for Education and Training, In accordance with Section 63 of the Financial Management Act 2006, we hereby submit for your information and presentation to Parliament the Annual Report of Murdoch University for the financial year ended 31 December 2018. The Annual Report has been prepared in accordance with the provisions of the Financial Management Act 2006 and is made in accordance with a resolution of the University’s Senate. Yours sincerely David N Flanagan Eeva Leinonen Chancellor Vice Chancellor 1 Contents 1. Statement of Compliance 1 2. Chancellor’s Foreword 4 3. Vice Chancellor’s Report 6 2018 Year in Review 10 4. Key Statistics 2018 16 5. Purpose and Priorities 18 Our Vision 18 Our Strategy 20 6. Students and Education 24 7. Research and Innovation 28 8. International 34 9. Physical and Digital Environment 36 10. Projects in Focus 38 11. Donors and Sponsors 42 12. Our Structure 46 13. Disclosure and Legal Compliance 54 Independent Auditor’s Report 56 14. Financial Statements 61 15. Key Performance Indicators 114 16. Other Disclosures 126 2 MURDOCH UNIVERSITY ANNUAL REPORT 2018 3 Chancellor’s Foreword I am pleased to be able to report that Murdoch University has built on the groundwork laid over the last three years to achieve considerable success in 2018. This strengthens our position as a university where people come together to learn, innovate and collaborate. We are delivering on the Strategic Plan approved by Senate in 2017 and achieved a pleasing financial position at year-end 2018. 4 MURDOCH UNIVERSITY ANNUAL REPORT 2018 The University is making solid Eight students receiving awards It has been a privilege and honour to progress towards achieving its goals at the September graduation have served as Chancellor of Murdoch set out in the 2017–2027 Strategic ceremonies wore it for the first time. University. My second three-year term Plan. Senate has been pleased to as Chancellor ends in August 2019 Murdoch University has continued to support and guide the University on and I have advised the University that extend its reach into the community, this important journey, and we are I feel the time is right to step down. engaging with business, industry, greatly encouraged by the impressive The Vice Chancellor and her senior government and community groups. progress made so far. The University leadership team continue to work Senate enthusiastically supported is tracking well against all key effectively with Senate to provide the the University’s initiatives with the measures, allowing it to embark on a University with robust governance Africa Progress Panel to investigate new plan for growth and investment. and strong leadership, and I feel the contemporary policy challenges confident that this will continue under I, along with my fellow members of for Africa surrounding extractive the watch of the new Chancellor Senate, would like to congratulate the industries. Senate has welcomed when he or she takes up the role. Vice Chancellor and her Executive the launch of the Third Murdoch team for all the success they have Commission that will investigate In this richly rewarding role, I have achieved during 2018 which has pressing problems and issues of public been able to engage with so many ensured the University is well on the concern to Africa including the Blue wonderful people and had so way to delivering on the goals set Economy, sustainable farming, food many opportunities to see how out in the Strategic Plan and Future production, electricity and energy. the remarkable work of Murdoch is Horizon 2017–2027 document. By making a positive difference to the The development of an innovative, doing so, it positions the University world and its citizens. dynamic and collaborative for a bright and prosperous future. environment is fundamental to During my time as Chancellor, This year Senate helped pave the achieving our research goals. Murdoch has faced challenges, way for new partnerships with Guided by our Research Mandala, including a volatile higher education external stakeholders and the Murdoch University continues to sector and the vagaries of community, commenced plans to build on its impressive track record government policy. Despite this, reinvigorate our campus by approving of achievement across all areas of the University has worked its way investment in new teaching and exploration and discovery. through them and in doing so research facilities, including the has remained a strong, engaged Murdoch University was delighted world-leading Australian National and forward-looking institution. to welcome His Royal Highness The Phenome Centre, and supported Duke of York to the Perth campus I would like to thank everyone across the Towards 2027 project that will in November for the first Western the University community for their see a new College-based academic Australian Pitch@Palace, a platform continued support and look forward structure implemented in 2019. to amplify and accelerate the work to working with Senate over the In line with the Strategic Plan, an of entrepreneurs. The global event, coming months to make further increasing number of students founded by His Royal Highness, progress on the University’s strategic are choosing to study at all our involves entrepreneurs pitching their goals. After I step down, I will campuses, and we are driving ideas to a judging panel, led by the continue to be a strong supporter and further academic excellence across Duke, to win a place at the Pitch@ advocate for this great university and everything we do. Palace Australia national Boot Camp. will watch with interest the exciting This aligns strongly with our focus developments yet to come. In 2018, the University graduated on equipping our students and record numbers of students at staff with the knowledge, skills and ceremonies held at the RAC Arena confidence needed to find innovative in Perth as well as in Singapore and solutions to real-world challenges. Dubai. Murdoch University has the Eight innovative business ideas from highest proportion of Aboriginal or Western Australian entrepreneurs and Torres Strait Islander students of any early-stage businesses were selected WA university, and I am proud that as winners, including two with strong we have recognised their success Murdoch connections. David Flanagan through the development of a special Chancellor Nyungar-designed graduation sash. “Murdoch University continues to build on its impressive track record of achievement across all areas of exploration and discovery.” 5 Vice Chancellor’s Report Almost three years ago I joined Murdoch with a commitment to work with the University community to embark on a new era of growth and success. Over 2018, we embraced opportunities and challenges, guided by our Strategic Plan and Future Horizon 2017–2027, to achieve a turnaround in our University’s financial position, along with gains across our teaching, research and community engagement activities. 6 MURDOCH UNIVERSITY ANNUAL REPORT 2018 I am delighted to report that the technological change and evolving delivers our staff the certainty University has recorded a societal expectations. To help us and the flexibility required to $15.5 million surplus for 2018, up meet those challenges, Murdoch underpin our continued growth. from $3.5 million the year before. University has developed a new A key pillar of the Strategic Plan Our success in transforming the academic structure designed to is reaching out to society through University’s financial performance embrace new ways of thinking, collaborative partnerships, not only delivers on a key pillar learning, working and engaging. contributing to social and economic of our Strategic Plan, but will also A two-College model was introduced wellbeing and taking a global help us ensure that our long-term towards the end of 2018 and will be perspective on our activities. strategic priorities can be achieved embedded into our operations in sustainably. I would like to thank We took a major step in this vision 2019. This model supports innovative colleagues across the University in 2018 with the establishment multidisciplinary approaches for their efforts in delivering this of the Vice Chancellor’s External to research and teaching and outstanding result. Advisory Board. I was delighted to operational effectiveness, and welcome an outstanding group of I believe we are well on the path strengthens outreach to internal leaders from the social, economic, to delivering on the long-term and external stakeholders. political, public policy, business goals we set ourselves. Murdoch In August, the University’s new and educational fields as inaugural University has moved forward with Enterprise Agreement came into Board members. These 17 esteemed conviction and enthusiasm in 2018 to effect after securing the support people from Australia and around achieve growth in research activity, of staff and the National Tertiary the world will work closely with me, enhanced learning opportunities Education Union (NTEU).
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