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). It was providing their expertise, experience and international education pleasing that staff overwhelmingly and knowledge, as Murdoch activities, and renewed vigour in voted to endorse the Enterprise University pursues its research, our engagement with government, Agreement the University presented education and innovation goals. industry and the community. on 14 March 2018. Of 865 employees Universities need to ensure they who lodged a vote, 95 per cent are agile and resilient to meet voted “Yes”. The result is a simpler, the challenges of globalisation, modern, new Agreement that

The Vice Chancellor established her External Advisory Board, a stellar group of 18 thought leaders who will lend their expertise, experience and networks to assist the University in realising its vision.

7 VICE CHANCELLOR’S REPORT

We have celebrated the success bestow, which recognised not only In August, the Fair Work Commission and achievements of so many of his part in the rescue, but also his approved our new Enterprise our students and graduates across many years of support of Murdoch Agreement, which gives staff the world and I am proud to see veterinary students and graduates assurances about conditions of them forging careers where they in providing them with placement employment and acknowledges are making a real contribution, and employment opportunities. In our respect for the central role true to our Murdoch tradition. his poignant acceptance speech, all staff play in the success of our Dr Challen reminded graduates University. I am proud of this result The Murdoch University Distinguished that every person faces a big and thank all staff for their patience Alumni Awards recognise our challenge at some point in their and understanding throughout the exceptional alumni, from dynamic life which should be faced with negotiations. This ensured we were leaders in politics, business and all the strength, resolution and able to arrive at an agreement that is research to inspiring alumni working resourcefulness we can bring to bear. not only fit for our strategic purposes, tirelessly in the community. In but also one that is recognised as April, we celebrated outstanding The Federal Government announced sector-leading. Importantly, I am professional achievements, significant policy changes in late confident that the Agreement will community service and the personal 2017 that had a substantial impact allow us to move forward together journey of five inspiring alumni on the higher education sector. and strengthen our position as through the 2017 Distinguished The demand-driven system, that a creative, high-performing and Alumni Awards: Dr Adam Bandt, had delivered strong growth in the transformational university. Professor Wendy Carlin, The sector, was effectively capped. Hon. Justice James Edelman, In keeping with my commitment The University faced the challenge Dr Bill Hare and Distinguished to staff that all will share in our of meeting financial sustainability Professor John Hartley AM. financial and operational successes, targets in the light of government I was pleased to award eligible These values were exemplified this policy changes through operational staff with an end-of-year, one-off year by Murdoch alumni Dr Craig adjustments at all levels of the additional payment. It is important Challen, who was instrumental in organisation. I was proud of the to recognise that the higher the rescue of 12 children and their way in which people from across education sector remains in a state football coach trapped in a flooded the University were able to identify of political and policy uncertainty, cave in northern Thailand in July. This local improvements that were requiring us to continue to work led to Dr Challen being awarded the valuable to the whole University. together to adapt and evolve to 2019 Western Australia Australian Together with improvements in be able to remain a world-leading, of the Year and joint winner of the our share of the domestic student world-changing university. 2019 Australian of the Year with his market, along with strong growth cave-diving colleague, Dr Richard in international student numbers, Harris. We were proud to award Dr we have been able to manage Challen an honorary degree, the these additional financial challenges highest honour a university can and deliver a positive surplus.

“Together with improvements in our share of the domestic student market, along with strong growth in international student numbers, we have been able to manage these additional financial challenges and deliver a positive surplus.”

8 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Thailand cave dive hero and Murdoch alumni Dr Craig Challen was awarded an honorary degree by the University in September.

In April, the University presented Distinguished Alumni Awards to The Hon. Justice James Edelman, Dr Adam Bandt, Professor Wendy Carlin, Distinguished Professor John Hartley AM and Dr Bill Hare.

9 VICE CHANCELLOR’S REPORT

2018 Murdoch entered into a strategic partnership with the Western Australian Cricket Association, Year in Review supporting scholarships and development for students and research into elite sport. Murdoch University has achieved Murdoch has continued work to much in 2018. If universities are reinvigorate our campus by investing to be truly innovative and able to in new teaching and research adapt to our ever-changing world, facilities. Endorsed by Senate, the they need to share good practice development of the campus has seen and provide staff with opportunities the unveiling of the new Student I was delighted to join the chief to ‘have a go’. This year I was Hub – a flexible adaptive community executive of the Western Australian pleased to launch the Small Steps space where students and staff Cricket Association to sign an of Innovation Grants scheme to can socialise, refresh, engage and historic strategic partnership, making encourage and provide some seed co-work – and revitalisation of the Murdoch the first tertiary education funding to individuals or teams Library, including the opening of provider in the state to align itself across the University to encourage LaunchPad and refurbishment of with elite cricket. The partnership creativity and drive improvements to the 24/7 Learning Commons. will provide multiple collaborative our teaching and research activities. opportunities for our researchers and We have forged new partnerships students as they share knowledge with external stakeholders and and develop skills in this elite sport the community, including new environment. This will include advisory boards, and maintained scholarships and development our commitment as a university for opportunities for students and our all, with a focus on social equity and staff, and opportunities to extend freedom of thought and belief. our support for local sport and the community through our facilities.

10 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch’s first graduation ceremonies at the RAC Arena took place in September. Around 1,100 alumni graduated at two ceremonies, thanks to the University’s ongoing partnership with the venue.

Murdoch University is a Founding Partner of the RAC Arena. This provides a dedicated Work Integrated Learning program at the Arena, access to casual work opportunities, and access to priority queues and special offers. The real-world learning opportunities this partnership provides saw two students undertake internships as part of their Bachelor of Communication degrees. They went on to help design and launch the Arena’s Snapchat presence.

11 VICE CHANCELLOR’S REPORT

2018 Year in Review

12 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Students and Education Murdoch aims for our graduates to be International Activities innovators prepared for their future In 2018, the number of students, careers. This year we fully integrated The global outlook at the centre both domestic and international, the Career Learning Spine into the of our Strategic Plan has begun who have chosen to study at curriculum in our undergraduate to be realised, with strong growth Murdoch has grown. In a contracting degrees, giving students the practical, in onshore international students, and competitive environment, we transferable skills required for their new and renewed educational increased combined domestic future career. We opened LaunchPad, partnerships, and research outreach. enrolments by seven per cent, with a platform that facilitates connections In February, I signed a partnership our market share of high school between businesses and students and agreement with Navitas, the Perth- leavers increasing by 1.1 per cent. academics to collaborate on solutions based education services provider, International onshore student to real-world problems. Our first to help drive growth and academic enrolments are up by 92 per cent entrepreneur-in-residence has had a excellence at our Dubai campus. This on 2017, a remarkable achievement. busy year supporting students and opens opportunities to develop new This growth reflects not only the staff to develop their ideas into viable courses and study options, as well as increasing recognition of our business propositions. improve access to Murdoch education University, but also the exceptional for more students in the growing efforts of our recruitment, conversion, Initiatives like these have equipped Middle East region. marketing and outreach teams. Murdoch graduates with the skills needed to move into the workforce. In Murdoch became the first Australian the 2018 Graduate Outcomes Survey, university to deliver courses in Murdoch University was ranked the Myanmar following the signing of top tertiary institution in the country a Memorandum of Understanding for undergraduate employability, with education partners Kaplan in COMBINED with 96.7 per cent of our graduates June. We offer the Master of Business DOMESTIC having secured employment after Administration and the Graduate ENROLMENTS three years. Of these, 93.2 per cent Certificate of Business Administration were in full-time employment, through the Kaplan Myanmar the second highest proportion University College. Myanmar is  of any Australian university. undergoing rapid development and 7% 44 per cent of its population is under Murdoch has developed one of the most successful AIME (Australian 25. We believe that sharing the power Indigenous Mentoring Experience) of education with this developing programs in WA. More than 100 nation will be important to its Murdoch students from across transformation and democratisation. disciplines volunteered to mentor We have introduced an innovative 300-plus young Indigenous school academic partnership with the ONSHORE students, contributing in excess of University of Hertfordshire (UK) to INTERNATIONAL 3,000 hours. The volunteers helped offer dual undergraduate business ENROLMENTS their mentees achieve their goals in and commerce degrees. Domestic high school and successfully apply and international students will be  to university or gain employment. able to complete 18 months’ study in 92% Together with the work of the each location and to graduate with Kulbardi Aboriginal Centre, this both a Bachelor of Commerce degree exemplifies our commitment to be an from Murdoch and a Bachelor of inclusive institution, providing social Business degree from the University equity and opportunity. As a result, of Hertfordshire. Murdoch has the highest proportion Through our Singapore Centre for of Aboriginal or Torres Strait Islander Research in Innovation, Productivity students of any WA university and and Technology, (SCRIPT), we are RANKED has successfully grown the number of working with the Peel Development Aboriginal graduates each year. Commission, the Western Australia #1 Government and Fund Singapore to boost agricultural technology in FOR the Peel region and food security in UNDERGRADUATE Singapore. This project exemplifies EMPLOYABILITY* our global connectedness and the opportunities our international presence has to benefit Western Australia.

*Our responding graduates are number one for medium term outcomes for overall undergraduate employment in the 2018 Graduate Outcomes Survey – Longitudinal recently released by QILT* 13 VICE CHANCELLOR’S REPORT

2018 Year in Review

Professor Jeremy Nicholson presenting to Federal Health Minister Greg Hunt at the Australian National Phenome Centre funding announcement.

14 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Research and Innovation Murdoch to lead the ANPC. Local, There has been considerable debate national and international networks over higher education during 2018. Murdoch has successfully in areas including supercomputing, The value of university education, consolidated its translational research data visualisation and metabolomics the right mix of university and capacity towards the strategic are being established to provide VET graduates, and employers’ aim of positioning the University the backbone for a world-class concerns about the preparedness as an internationally networked phenomics resource. The initiative of graduates for the workforce research collaborator of choice gained the support of the Western have become political issues. I in selected areas. Total research Australia Government which believe that Murdoch University income increased 17.4 per cent over allocated $1.5 million dollars has a vision and determination 2017, with nationally competitive through the Premier’s Science that moves beyond these issues grants up 11.1 per cent on last year. Fellowship program to attract and positions us as a sustainable We continue to perform strongly in two renowned global phenomic and creative global university. strategic research areas, including researchers to Western Australia. phenomics and personalised While there remains more progress medicine; primary food production Within the context of the Strategic to be made, collectively we have and food security; resources, the Plan, Murdoch has clustered its accomplished an impressive environment and its management; research into multidisciplinary array of achievements, which we and animal health and welfare. institutes and our three key research can and should be proud of. The institutes were launched or expanded dedication, hard work and passion In April, I was joined by the Federal in 2018. The Harry Butler Institute for of the Murdoch community and Minister for Indigenous Health, The Sustainable Development, established our many supporters will ensure Hon. Ken Wyatt, and Professor Fiona in partnership with Chevron Australia, we expand on our successes Stanley as co-patrons to launch our supports the co-existence of human next year and into the future. Ngangk Yira Research Centre for endeavour and biodiversity. The Aboriginal Health and Social Equity. Food Futures Institute consolidates The Research Centre is pioneering research to sustainably improve translational research that will food production as our land and transform the life course of the next water resources come under generation of Aboriginal people increasing pressure. Murdoch’s Health and will inform important changes Futures Institute spans research to policy, practice and education. from the genome to the mind and Development of the Australian from the population to precision Professor Eeva Leinonen National Phenome Centre (ANPC) medicine tailored to the individual, Vice Chancellor continued apace in 2018. Professor incorporating the ANPC, Ngangk Jeremy Nicholson, a renowned Yira Centre for Aboriginal Health pioneer in systems medicine and and Social Equity, and Centre for metabolic phenotyping, joined Molecular Medicine and Therapeutics.

NATIONALLY TOTAL RESEARCH COMPETITIVE INCOME INCREASE GRANTS INCREASE 17.4% 11.1%

“The dedication, hard work and passion of the Murdoch community will ensure we expand on our successes next year and into the future.”

15 TOTAL DOMESTIC TOTAL STUDENTS UNDERGRADUATE INTERNATIONAL STUDENTS ONSHORE 2,109 13,569

TOTAL STUDENTS TRANSNATIONAL TOTAL NUMBER OF STUDENTS 24,095 3,816

Key

Statistics NET ASSETS 2018 $ 830.622M

TOTAL REVENUE $ TOTAL STAFF 371.9M DOMESTIC ENROLMENTS 1,771 7%

16 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Five Year Summary – Key Statistics 2018 2017 2016 2015 2014 STUDENT STATISTICS* Total 24,095 23,238 23,153 23,244 24,142 Number of students Commencing 10,134 9,078 8,580 7,904 8,819

Student load (EFTSL)* Total 16,066 15,192 15,670 15,524 16,400 Undergraduate 13,569 13,234 13,752 13,604 14,310 Postgraduate 2,497 1,958 1,918 1,920 2,090

Student load by Commonwealth Grant Scheme 9,168 8,809 7,984 7,692 8,248 funding source Research Training Program 338 336 319 338 367 (EFTSL) Domestic fee paying – Undergraduate 2 1 0 0 0 – Postgraduate 604 613 645 553 603 International onshore 2,109 1,397 1,321 1,478 1,647 Transnational 3,816 3,998 5,382 5,432 5,505 Other 30 38 18 31 31

OUA student load Total 470 598 669 739 1,031 (EFTSL) Murdoch reported* 201 231 160 189 215 OUA reported 270 367 509 550 816

STAFF STATISTICS ^ Staff (FTE) Total 1,771 1,758 1,783 1,644 1,686 Academic Teaching only or mainly 298 275 277 203 207 Research only or mainly 76 66 79 67 63 Teaching and research 376 408 411 403 402 Other 19 15 16 10 31 Non-academic 1,002 993 999 959 984

FINANCIAL STATISTICS (Consolidated) Net operating result ($000s) 15,603 3,645 -5,423 -4,841 2,904 Operating margin (%) 4.2 1.1 -1.6 -1.5 0.9 Net assets ($000s) 830,622 807,316 815,328 824,063 822,809 Total assets ($000s) 1,149,687 1,116,391 1,129,260 1,120,524 1,116,682 Total revenue ($000s) 371,923 344,411 346,044 319,400 339,382 Total research income ($000s) 36,036 30,710 24,112 20,758 26,673

*Data based on Murdoch University’s reportable student load only. Values are subject to student revisions and final quarter submission updates. ^ Staff statistics do not include staff employed by transnational partners. The values are those determined on the 31st December. Due to rounding, some totals may not correspond with the sum of the separate figures.

STUDENT STATISTICS 2018 NUMBER OF STUDENTS South St Mandurah Rockingham Singapore Dubai Myanmar Total Enabling Total 1,142 90 121 0 0 0 1,353 Commencing 1,073 86 117 0 0 0 1,276 Undergraduate Total 12,263 561 41 5,325 369 0 18,559 Commencing 4,442 148 0 1,827 116 0 6,533 Postgraduate Total 2,831 39 0 353 157 8 3,388 Coursework Commencing 1,835 27 0 184 85 8 2,139 Higher Degree by Total 794 1 0 0 0 0 795 Research Commencing 186 0 0 0 0 0 186 Total 17,030 691 162 5,678 526 8 24,095

Murdoch Mandurah Rockingham Singapore Dubai Myanmar Total Completions 2017 2,814 159 22 2,152 158 0 5,305

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Purpose and Priorities

Our Vision Murdoch University was formally established in 1973 by an Act of the Western Australian Parliament to meet the growing higher education needs of the community. Named after prominent Australian author and philosopher Sir Walter Murdoch, and officially opened on the 100th anniversary of his birth, the University was the first in the nation to offer a new, flexible admission system. This made tertiary education more accessible to the community, a tradition and value that Murdoch University has upheld to this day.

18 MURDOCH UNIVERSITY ANNUAL REPORT 2018 A Nyungar-designed graduation sash was worn by eight Indigenous students taking part in graduation ceremonies in September. The sashes were developed to mark Murdoch having the highest proportion of Aboriginal or Torres Strait Islander students of any WA university.

Vision and Values These principles shape the culture of the University as evidenced by being an institution where the following values are clear: With nearly 25,000 students from more than 100 countries and close to 2,000 > Integrity staff, Murdoch is well placed to meet its We act with integrity and trust in the best interests of the vision as a significant, comprehensive University, and defend and express academic freedom. university with world-leading research and excellent student experience, with > Respect and Diversity far-reaching influence across the world. We embrace and value people, irrespective of background, and The Strategic Plan and Future Horizon the individuals and organisations that support our endeavours. 2017–2027 secures Murdoch’s future direction and priorities for growth over > Purpose the next five and ten-year horizons. We respond with purpose to the changing higher education sector The purpose of the University is to be in a way that is performance-based, accountable and empowered. a creative force for current and future generations through educating > Excellence and Future-focus freethinking graduates and through We promote the highest standards of intellectual inquiry and high impact translational research. rigour, embrace continuous improvement, and value, celebrate and Murdoch remains a university for all, reward the success of our people. irrespective of background and social standing, with a focus on social equity, self-direction and freedom of thought and belief. Murdoch continues to be guided by the founding principles of equity and social justice, opportunity, sustainability and global responsibility.

19 PURPOSE AND PRIORITIES

The University’s Strategic Plan and industry and governments in our Future Horizon 2017-2027 outlines the common pursuit of excellence. We Our University’s goals through a focused aim to expand our global presence structure featured below. and impact, by being a gateway to Strategy the Asia and Indo-Pacific regions. The Strategic Plan is underpinned by two core goals: to educate The core activities of the University Murdoch freethinkers who thrive in society and are supported and enabled by four are sought after by employers; and pillars: our people and culture; our University’s to provide life-changing solutions for financial strength; our physical and purpose is: the world’s big challenges through digital environments; and our ‘value- our outstanding translational research add’ services and operations. “To be a creative and innovative practice. force for current To prioritise our endeavours, the University considers three lenses. and future We strive to be in the service of generations.” society through education, research and community engagement. We seek deep collaborations with other education institutions, business,

To be a creative force Research Global Value-add Purpose for current and future and Outlook: services and 1 generations Innovation gateway to operations Asia and the Indo-Pacific Region Students and Core Education 2 Goals

Financial Service to society: Collaborative partnerships: strength contributing to business, industry and Lenses economic and social government 3 wellbeing

People, values Physical and digital 4 Pillars and culture environment

20 MURDOCH UNIVERSITY ANNUAL REPORT 2018 21 PURPOSE AND PRIORITIES

In 2018, a new research centre to improve health outcomes for Aboriginal families – Ngangk Yira – was launched.

Research driven by Murdoch’s research encompasses World-class academics underpin innovation the full translational pipeline, from Murdoch’s reputation as an fundamental and technology-driven international translational research Murdoch’s key research themes sciences through to political science institution. The University will encompass food, sustainable and governance, regulatory and policy invest in postgraduate students, development and health futures. frameworks, and cultural critiques early career researchers and These themes focus our research offered through the prisms of history, joint industry/Murdoch-funded effort towards the goal of the theology and the social sciences. research appointments to Strategic Plan to provide life-changing reinforce research teams to help Productive innovation builds from solutions to complex world challenges. us achieve our strategic goals. Murdoch’s translational focus and an Our growing research strength intellectual ecosystem that brings ensures that Murdoch makes an together researchers, business, effective contribution to the local industry, investors and entrepreneurs. and global challenges triggered In particular, Murdoch aims to by demographic change, climate enhance supporting platforms and variability, and the translation of research infrastructure, through political, philosophical and economic partnerships and joint ventures ideologies into policy and regulation. locally and internationally, to position the University as an internationally networked research collaborator.

22 MURDOCH UNIVERSITY ANNUAL REPORT 2018 TOTAL NUMBER OF VISITORS TO OPEN DAY 2018 16,000

The annual Open Day in July attracted thousands of potential students and their families onto campus for a taste of university life.

High-quality educational Murdoch’s innovative courses give The University continues to build experience students the opportunity to learn on the substantial professional both disciplinary knowledge and experience of many of our Students continue to be attracted transferable skills. They include a academic staff to develop our to Murdoch, both in Perth and Career Learning Spine to enhance staff to be first-rate educators Mandurah, as well as offshore in students’ understanding of the who enhance student learning. Singapore and Dubai, recognising external world and develop their Murdoch is committed to offering our reputation for delivering capabilities to take advantage of university education to all who can high-quality learning and teaching the many opportunities ahead of benefit, irrespective of background and comprehensive support services. them. New courses are developed and social standing. Successful in consultation with students, The University’s learning framework, enabling pathways are being employers and professional bodies professional and skill development strengthened, students will be to ensure they resonate with programs, updated curriculum and supported to transition into higher future career opportunities. teaching have been designed to education study, and comprehensive support students in a rapidly changing The power of the student voice pastoral and academic support global education environment. Their and leadership as change agents services will be maintained. future is likely to be characterised by is recognised and embraced. Global learning opportunities multiple careers and change, where This gives rise to opportunities for students on our campuses, agility, adaptability and creativity for students to develop and lead offshore and through online study will be essential for success. learning and teaching innovations will be extended. Murdoch will that will contribute to their success. continue to offer high-quality, flagship courses and units, and will utilise global platforms to enable more students to benefit from our teaching and research excellence.

23

Students and Education

The Students and Education portfolio has a commitment to enabling an outstanding education experience for every student, leading to our graduates being innovators fully prepared for their future careers. Guided by its Strategic Plan, Murdoch is rapidly transforming into a sector leader and innovator with strong growth evident on every front. Commitment to this endeavour has been forefronted with the appointment of a Pro Vice Chancellor Education.

24 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Developing career learning Aligned with this focus, 2018 saw New learning and teaching skills, including innovation the opening of LaunchPad, a place opportunities, through and entrepreneurship for creativity, collaboration and enhancing the digital connection both internally and with experience This year saw the rollout of the external parties. Since it opened, we Career Learning Spine in 10 Murdoch have hosted more than 150 events, In 2018, we partnered with an online Undergraduate degrees, with more and the Entrepreneur-in-Residence learning platform, FutureLearn. This than 1,000 students completing has had consultations with nearly partnership is intended to increase units to enhance, complement and 100 students and staff. As part of this student enrolments with a focus diversify their discipline learning. venture we hosted His Royal Highness on the international market, make In addition, we are embedding The Duke of York at Murdoch as our brand more visible globally and innovation and creative thinking part of his worldwide Pitch@Palace provide Murdoch with a new digital into our curriculum and student initiative which strives to encourage learning channel to expand our experience, recognising that and support tech start-ups. We also existing offerings. The partnership tomorrow’s leaders will be adaptable, engaged students in the Think Big/ brings Murdoch’s academic and flexible and strategic thinkers. They Young Entrepreneur Program which, teaching expertise to the world will need to embrace innovation. for the first time, brought students stage and aligns with the University’s strategic goal to enhance our We recently introduced a Minor in together from Perth, Dubai and digital presence and capability. Innovation and Creative Thinking Singapore to compete, culminating In 2018, we delivered several online which was followed by a combined in a grand final at the Australian packages as part of the FutureLearn Commerce + Entrepreneurship and High Commissioner Residence in partnership, including a Graduate Innovation degree – a first for Western Singapore. These are examples of Certificate in Health Administration, Australia. These offerings focus on how Murdoch is positioning itself Policy and Leadership and a developing the kind of knowledge, in the entrepreneur community in Graduate Certificate in One Health. skills and creative ways of thinking Perth, while showcasing our students that are essential for those wanting globally. to bring fresh ideas to existing Murdoch has an ambitious growth organisations or to create their own strategy that features Technology business ventures, generating jobs Enhanced Learning. The availability and opportunities for others. We will of fourth generation digital learning continue to hone the curriculum to technologies allows us to accelerate provide credentials, including micro- evidence-based learning, teaching credentials that position our students and assessment practice across at the forefront of the jobs market. multiple platforms. We aim to expand The 2018 Graduate Outcomes Survey our reach and increase student access ranked Murdoch University as the to education by establishing mutually top tertiary institution in the country beneficial partnerships to create a rich for undergraduate employability, portfolio of course offerings globally. with 96.7 per cent of our graduates having secured employment after three years. 93.2 per cent of these were in full-time employment, the second highest percentage of any Australian university.

96.7% 93% OF GRADUATES IN FULL-TIME SECURE EMPLOYMENT EMPLOYMENT

25 University innovation was on STUDENTS AND EDUCATION showcase for HRH the Duke of York, who visited the Perth campus to oversee his Pitch@ Palace entrepreneur competition.

Student outreach and On Track is Murdoch’s largest Enhancing international enabling pathways enabling program, operating on education activities campuses in Perth, Rockingham, that support widening Another way Murdoch has diversified participation Mandurah and online as Flexi-Track. In 2018, we saw record numbers its student cohort is through Student outreach and enabling engaging with the pathway. The welcoming an increasing number pathways to enrolment that support program also launched Australia- of international students into all widening participation is part of wide in partnership with Open our courses from a wide range Murdoch’s DNA. In 2018, the award- Universities Australia, extending of countries including Bhutan, winning K-Track enabling program our reach to ever more students Bangladesh, Pakistan, India and a for Aboriginal and Torres Strait who are keen to experience the number of African countries. These Islander students increased both its benefits of university study. students provide a valued cultural student numbers and student success depth to our campus, and in 2018 Murdoch is also leading Western indicators, empowering students into we expanded our study support Australia’s Widening Participation the undergraduate degree of their programs to underpin their long- Collaboration between all Western choice to achieve their educational term success, ensuring they have Australian universities and the and career aspirations. To further an outstanding, positive experience Department of Education with a remit our commitment to the success of studying at Murdoch University. to develop a program of activities to Aboriginal and Torres Strait Islander encourage raised aspirations, interest Our success in this is confirmed by students, staff and researchers, and participation in higher education. our 2018 International Benchmarking Professor Rhonda Marriott was survey which ranks Murdoch’s appointed as Murdoch’s first Pro Vice language support, student learning, Chancellor Aboriginal and Torres and good teaching and performance Strait Islander Leadership late in 2018. feedback as the highest among WA universities. We are also pleased to be ranked third nationally for language support and second for

26 MURDOCH UNIVERSITY ANNUAL REPORT 2018 teaching quality by international with Advance HE to provide an students. Growth in international internationally recognised continuing RANKED students choosing to study at professional learning program IN THE TOP Murdoch is vital to our future for staff in Perth, Singapore and success and brings important social Dubai and the program is close to and economic benefits to WA. achieving its 100th graduate. Finally, we have developed a continuing 200 professional learning framework Supporting staff through FOR ITS EDUCATION that maps and supports staff to PROGRAMS professional learning, grow professionally in learning and reward and recognition teaching, regardless of career stage. The success of Murdoch’s Students Murdoch University was ranked and Education Strategy is in the top 200 universities in the underpinned by the commitment world for its education programs of staff who have again excelled to in the prestigious Times Higher RANKED provide students with an outstanding Education subject rankings. This experience. In recognition of the result demonstrates our international important role of professional reputation and the quality, esteem learning, Murdoch has established and impact of our research and a Learning Excellence Academy, #2 teaching. which in 2018 offered a number of FOR TEACHING learning and teaching innovation QUALITY grants to teams of staff and students and hosted a learning and teaching symposium focused on student success. We engaged

27 The Centre for Molecular Medicine and Innovative Therapeutics forms part of Murdoch University’s commitment to excellence in health and medical research.

Research and Innovation

Murdoch’s continued strategic focus on key research themes has been recognised and rewarded with research funding success from government agencies and industry partners.

28 MURDOCH UNIVERSITY ANNUAL REPORT 2018 International tion Na al RESEARCH Local FUNDING

S us $ ta ty in M i rimary Food 35.9 r P a u ductio b c Pro n l e e

S D d e v o e o Public Policy l F

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,

n o m Communication d a i n i t s n

l m

o t e a a e COMPETITIVE Culture i h i

a t l c r n a r

a l Education a a GOVERNMENT t t u t n & V p n o d H te a e s GRANTS W u a d e A m R e m lim n l a C d o a lf n an ir r ar v u e En at $ N 17.6M H s ealth Future

Strategic themes drive and international borders. Much Research funding success of our inspiration and innovation Murdoch Research and Murdoch’s continued strategic Innovation comes from our local community and industry-based partnerships, as well focus on key research themes has Our rapidly evolving world has as our international collaborations. been recognised and rewarded emerging complex problems with with research funding success interconnected causes: climate A focus on the University’s Research from government agencies change, land degradation, food Mandala themes of health futures, and industry partners. food security and sustainable and water security, minority In excess of $35.9 million in group disadvantage, population development ensures that Murdoch has clear strategic intent across funding for leading-edge research growth and ageing, and projects was received by Murdoch emerging infectious disease. its research activity, allowing for internationally significant research researchers in 2018. This represents To address these challenges, Murdoch outcomes at the cutting edge of an increase of 17.4 per cent on the research is a team effort crossing strategic research disciplines. previous year, and a 49.4 per cent traditional discipline boundaries. We increase on the 2016 total. work across institutional, national Researchers were awarded $17.6 million in competitive government grants (up 11.1 per cent on 2017), and $18.3 million from other sources of funding, including direct industry and Collaborative Research Grant funding.

29 RESEARCH AND INNOVATION

A Murdoch-led project using dugongs, artificial intelligence and drones to monitor seagrass ecosystems won $250,000 in funding from the Google.org Impact Challenge.

International research Through the Third Murdoch collaborations Commission, we seek to make a small contribution to answering the Murdoch’s problem-solving research APP’s call. The core focus of our work focus on complex issues with will be investigating the research interconnected causes requires strong and applied policy questions and international engagement, as the most innovations that are essential to pressing contemporary challenges for driving forward the implementation Australia require a global approach. agenda set out by the APP. Murdoch is an international academic Third Murdoch partner of the Africa Progress Group, The University is investigating Commission: Africa which has been established by policy challenges for Africa panel member, and former Nigerian as part of the Third Murdoch In 2018, Murdoch established the Third Commission. A forum informing Murdoch Commission, a research President, Olusegun Obasanjo. Murdoch was proud to host Chief the Commission was held at Perth’s investigation bringing together highly regarded Africa Week. international experts and thought Olusegun Obasanjo for Africa Week leaders to work on pressing problems in Perth, in 2018. and issues of public concern to Africa. Through a series of forums over Over the last 10 years, the Africa 18 months, the Third Murdoch Progress Panel (APP), led by the late Commission is investigating the Blue Mr Kofi Annan, former Secretary- Economy, sustainable farming, food General of the United Nations and production, electricity and energy. Nobel laureate, played a significant The agricultural, geographical and role in highlighting the need for geological similarities mean Western bolder actions to move forward the Australia could play a key role in transformation agenda in Africa. Africa’s future.

30 MURDOCH UNIVERSITY ANNUAL REPORT 2018 The Harry Butler Science Centre, named in honour of the famed Australian environmental pioneer, was officially opened on Barrow Island by Chevron and Murdoch. The new facility will provide an Murdoch Research biodiversity through an existing essential resource for researchers Institutes: interdisciplinary relationship with Chevron Australia and students to continue Harry collaboration towards in managing biosecurity initiatives Butler’s legacy of environmental discovery for Barrow Island, on an ongoing protection in coexistence with basis. Other highlights include a foray industry on the island. Murdoch’s establishment of three into the use of artificial intelligence key research institutes across the in partnership with IBM to identify interconnected themes of health potential invasive species, which futures, food futures and sustainable has far-reaching applications across development gathered pace in 2018. state and Commonwealth regulatory agencies and industry partners HARRY BUTLER INSTITUTE in meeting their environmental In the latter half of 2018, the Harry obligations. Work also continues in Butler Institute Advisory Board The Harry Butler Institute was enhancing prototype echo-location was constituted, chaired by the founded by Murdoch University and technology and footprint mapping Hon. Ian Campbell, with important Chevron Australia in 2017 to serve technology-based sensors, which work being done to establish the as a hub of innovation, connecting support species surveillance. identity and values of the institute. industry, academia, the community The Department of Biodiversity, and the environment to support In 2018, the first Harry Butler Institute Conservation and Attractions, and cutting-edge translational research research centre was commissioned, in Iluka Resources, have also joined as and shared expertise. the form of the Centre for Sustainable partners to the institute. The institute Aquatic Ecosystems. Development In its first official year, the Harry continues to honour the legacy of of a further three research centres, Butler Institute has already achieved Dr Harry Butler through its activities the Biosecurity Centre, Terrestrial significant milestones in supporting and focus on the coexistence of Ecosystems Centre and the Energy, the coexistence of business and business and biodiversity. Water & Waste Centre commenced.

31 RESEARCH AND INNOVATION

FOOD FUTURES Barley is a vital crop for Western Barley varieties bred using previous INSTITUTE Australia, delivering the state more lines were prone to expressing the blue than $1 billion in export grain and malt aleurone, which is unacceptable to Murdoch’s Food Futures Institute earnings. The new tools developed commercial markets. In the new lines, encompasses researchers tackling by the International Barley Pan the blue aleurone has been replaced the global challenge of food security Genome Sequencing Consortium by a white aleurone. Advances through translational research will help barley breeders and in molecular marker technology programs that address food researchers to directly access genetic and the recently mapped barley production, transport and quality, information that is associated with genome were used by the Alliance to and food wastage reduction. key agronomic and quality traits. develop the blue-free, acid-tolerant barley. The new, improved barley Translating barley research Traits that improve grain yield varieties are expected to be available and quality are controlled by Murdoch researchers led by Professor commercially within five years to multiple genes impacted by Chengdao Li have joined an help maintain Australia’s access to environmental factors. The GRDC international consortium working to valuable international barley markets. better understand the barley genome. investment will help researchers to develop a tool which does this Establishing ‘omics’ capacity, which Professor Li is the Director cost effectively for breeders. is a way to quickly identify all the of Murdoch’s Western Barley genes, proteins and metabolites In addition, the Australian barley Genetic Alliance (WBGA), present in a biological sample, is a industry is also set to receive a which is a partnership between key strategy for Murdoch, particularly significant production boost following Murdoch and the Department of with the investment being made the release in 2018 of three new Primary Industries and Regional in phenomics. The Agricultural acid-tolerant barley lines to Australian Development, supported by the and Environmental Division of barley breeding programs. The new Grains Research and Development the Australian National Phenome lines are the culmination of long- Corporation (GRDC). The WBGA Centre will become an increasingly term research by the WBGA with was a major contributor to research important component of Murdoch’s co-investment from the GRDC. which mapped the complete agricultural research capacity. barley genome in April 2017.

32 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Society at the centre of Murdoch’s Research Mandala: Honour for Humanities Scholar At the centre of the Murdoch Research Mandala themes regarding health futures, food security and business and development, is the shared aspiration to contribute to solving complex societal problems across borders. A strong connection to humanities research and scholarship is vital to successful outcomes in each of the strategic research themes at Murdoch. In 2018, we celebrated the success of Professor Sandra Wilson being elected to the prestigious Australian Academy of the Humanities, for her distinguished scholarship on Japan. The Academy is the leading body of senior humanities scholars in the nation, and election of academics is reflective of their significant contributions to the arts and humanities disciplines. Professor Wilson’s studies into the political history of modern Japan; Japanese society in the 1930s and 1940s; and history of Japanese nationalism have had international impact. Professor Wilson was the lead author of the jointly written book Japanese War Criminals: The politics of justice HEALTH FUTURES In recent years, thousands of After the Second World War, which INSTITUTE Australians have reported suffering won the General History category from chronic symptoms which in the prestigious New South Wales In 2018, the Health Futures Institute include skin issues, muscle and Premier’s Award for History, in 2017. at Murdoch encompassed a broad bone pain, fatigue and neurological and exciting research program. and cardiac abnormalities, thought Two such programs are to be a consequence of tick bite. highlighted below. But the true scale of the issue is Tackling debilitating ticks difficult to estimate because so little is known about the illness. The National Health and Medical Research Council will provide $1.9 Murdoch University researchers, led million to fund a four-year by Professor Peter Irwin, Professor At the centre of the collaborative project based Una Ryan and Dr Charlotte Oskam, at Murdoch. The project will have discovered new microorganisms Murdoch Research aim to identify the causes of in ticks collected from animals in Mandala themes an illness currently known as Australia. Whether these bugs can regarding health DSCATT (Debilitating Symptom cause chronic debilitating symptoms Complexes Attributed To Ticks) in humans is yet to be determined. futures, food security and previously described as Lyme- and business and like disease. The study will be a development is the multi-institutional project involving Western Australia, Victoria, New shared aspiration South Wales and Queensland. to contribute to solving complex societal problems across borders

33 International

TOP 5 COUNTRIES FOR INTERNATIONAL STUDENTS

UAE Malaysia China

India Singapore

Murdoch University Singapore campus

34 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Following the 28 per cent growth For the last decade, the Kaplan in international starters in 2017, partnership college, Murdoch Institute those involved in the international of Technology, based on the Perth STUDENTS endeavour at Murdoch University campus, has been the University’s FROM OVER have continued to prioritise activities most significant partnership in that build upon the success in Australia, enabling students to international recruitment. The undertake foundation studies that International Welcome Scholarship prepare them to study at Murdoch 84 and a sustained facilitation of in subsequent years. After a long COUNTRIES recruitment activities in several and successful partnership, in 2018 targeted countries has resulted the parties jointly announced that in a further substantial growth of their foundation activity would 101 per cent starters in the 2018 cease, thus allowing them to academic session. During this time, concentrate on other international Murdoch’s reputation as a higher partnership activity in Singapore COMMENCING education provider of choice has and Myanmar. Consequently, the INTERNATIONAL grown significantly, particularly University has begun the selection ENROLMENTS in the Indian subcontinent. process for a new partner. The international student population Murdoch continues to have a  at Murdoch continues to be diverse, significant transnational education representing more than 84 countries. footprint, with more than a quarter 101% The University continues to recruit of the University’s student population a significant number of students studying in Singapore and Dubai. from across the world who come to In Singapore, Murdoch has the Perth to study for credit rather than largest student enrolment of any for award. Known as Study Abroad international university, and in students, these individuals tend 2018, the University graduated 1,715 to come from a different group of students across a range of academic countries than other international disciplines. Additionally in 2018, students, and consequently the Chinese Ministry of Education add positively to Murdoch’s formally recognised Murdoch degree 1,715 cultural and ethnic diversity. courses delivered in Singapore. SINGAPORE This will allow Chinese graduates Over the year, all partnerships have GRADUATES to be employed in the Chinese continued to be closely examined, government after graduation from and where appropriate strengthened. Murdoch Singapore. New courses With a clear strategy to support were introduced in Postgraduate individual partners and build the Business and in Games Software and number of students articulating into Design in 2018. Murdoch Singapore Murdoch programs, numbers are Murdoch’s reputation also hosted the final of the Young beginning to increase. Strategically, Entrepreneur’s Competition, which as a higher education the University has prioritised new saw Murdoch students from Perth, provider of choice has articulation partnerships in Asia Singapore and Dubai coming and the Indo-Pacific region, with grown significantly together for the first time. multiple new partnerships in both Malaysia and Mauritius. The Shenyang In Dubai, a new partnership was Institute of Engineering (China) facilitated in 2018 with leading remains an exemplar, becoming global education provider Navitas a partner in 2017. Following the to provide campus infrastructure model set out by the Ministry of including marketing and recruitment Education in Beijing, students are services. This new partnership will now being identified and prepared commence in 2019 and is expected for studying experiences at Murdoch. to greatly enhance both Murdoch’s enrolments and presence in the United Arab Emirates (UAE).

Murdoch University Dubai campus

35 In February, the Student Hub – a flexible community space – opened.

Physical and Digital Environment

During 2018, the University delivered a significant Capital Development Program that supports University growth, improves technology and facilities standards, and enhances the student experience.

36 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Capital projects Gaming Laboratory. Ongoing commenced which will see a new enhancements will continue in 2019 intuitive and engaging student portal In 2018, a broad range of projects with the conversion of the ECL and mobile app being launched in was undertaken and a summary of lecture theatre into a technology- 2019. Work has also commenced to selected key achievements follows. enabled active learning space. deliver a new staff intranet that will aid communication, collaboration The University completed Stage 1 enhancement of the and organisation of information. refurbishment of the Student Hub University Library was completed, – a flexible, social, entertainment with foyer enhancements and To meet the University’s strategic and engagement space – with a creation of the Launchpad Careers requirements for reduced risk, new mix of food and beverage and Innovation Centre, an innovation increased capacity and improved outlets and amenities. The Hub and engagement space for flexibility in the management has quickly become the centre students, industry, entrepreneurs and delivery of IT services, the of student life and the cultural and the community. Further strategy includes transitioning heart of the Perth campus. phases of the library enhancement our technology infrastructure and The concept design for the New project will continue in 2019. existing on-premise data centre into Managed Cloud Services. Academic Building on the Perth The South Metropolitan Grains campus progressed. This is a Research Hub facility design was The Business Process Optimisation major step towards driving growth finalised, with construction on the program has continued to at Murdoch. The building will netted research field plots and improve operational efficiencies provide teaching facilities that will research-standard glasshouses through digitisation and workflow support modern, engaging and to commence in early 2019. automation of key services. collaborative learning, and create an outstanding educational experience The Digital First program of work for students. Design development continues the evolution of the for the New Academic Building Murdoch University website to project will continue during 2019. provide engaging experiences for all visitors to the site. The success of this Murdoch commissioned new effort resulted in Murdoch University synthetic fields and an associated winning the international Sitefinity pavilion to host both University Website of the Year – Education and community sports. The Category Award, in April 2018. Sports Precinct Enhancement project will continue in 2019 Improving the digital experience for with lighting upgrades, access students and staff is a high priority and parking improvements, for the University. Development has and the design development for a new Cricket Pavilion. Learning and teaching at Murdoch was supported with the delivery of 29 projects focused on improving and modernising Teaching and Learning spaces. These included creating an additional teaching space at the Mandurah campus for Counselling, Nursing and OnTrack classes; commencing refurbishment within the Chiropractic Clinic; and delivering a new Networking and

Phase 1 of the University Library enhancement included the new Launchpad Careers and Innovation Centre.

37 Stuart Green, End–Start–End. Aluminium, polyurethane automotive paint. Dimensions variable. Murdoch University Student Hub Public Art Commission 2018

Projects in Focus

The Murdoch University Knowledge and Health Precinct is a multi-billion-dollar growth opportunity that will leverage and showcase University strengths against a context of enterprise, knowledge, economy and place.

38 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University Domestic marketing Launch of Sound On Knowledge and Health campaign In September, Murdoch launched Precinct Murdoch continued to build on the the inaugural Sound On Festival, as Murdoch University’s Knowledge Free Your Think platform in 2018, with part of a strategy to engage younger and Health Precinct plan is a major the addition of the ‘journeys’ creative audiences through delivering a opportunity for the University to fulfil to further extend our student stories positive experience that combined its purpose to be of service to our and evidence how freethinking can music and mindfulness. The event communities and apply our creativity, have positive impact. also highlighted one of our key knowledge and determination to strategic partnerships, being held at The campaign has continued to making a sustainable difference. the RAC Arena, and attracted close support Murdoch’s growth in student to 3,000 high school students. During numbers in WA through driving an The Murdoch University the 6.5 hour event, students were increase in brand awareness, and Knowledge and Health Precinct able to interact with Murdoch staff, lifting consideration and preference is a multi-billion-dollar growth participate in activations, meditation among high school leavers and those opportunity that will leverage and and artist Q&A panels, and enjoy a returning to tertiary study. showcase University strengths against great line-up of Australian music. a context of enterprise, knowledge, economy and place. The precinct Community outreach resides within the state Government’s Murdoch Activity Centre, a location The University delivered a number which the government has chosen of community outreach activities as a key development area to drive in 2018. This included events such urban intensification, innovation, as Music at Murdoch, a free music economic growth and job creation. concert on Bush Court in conjunction with the City of Melville, and the The precinct is centered on the Community Cinemas, which raises University’s Perth campus, and funds for Telethon in support of a includes adjacent public and private number of children’s charities. CONSIDERATION hospitals, neighbouring government OF THE MURDOCH facility areas, a new state-driven BRAND BY UNDER18s commercial/residential development zone an extension to the Murdoch rail and road infrastructure station. The Knowledge and Health Precinct will 33% see the University play a leadership role in connecting all parts of the precinct, creating the most significant urban centre outside the Perth CBD. It will attract world-class research and commercial enterprise to contribute to the future prosperity of Western Australia. Murdoch has embraced this opportunity to create a vibrant, thriving community in Perth’s southern suburbs, underpinned by knowledge-based activity. Building on nearly 50 years of sustainable teaching and research, the University will champion innovative precinct-scale initiatives including research-led renewable energy, technology and transport outcomes. The precinct is destined to be a centre for pioneering infrastructure outcomes, a focus of learning and teaching, industry engagement, partnering, job creation, research integration and an occasion for the University to make a sustainable The Free Your Think difference for current and future campaign has continued to generations. support Murdoch’s growth in student numbers in WA.

39 Murdoch’s first foray into music festivals took place at the RAC Arena in September. The Sound On Festival was aimed at 14 to 18 year olds and was headlined by Alison Wonderland.

40 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Australian National World-renowned phenomics pioneer The new centre will Phenome Centre Professor Jeremy Nicholson is leading the ANPC, and the appointments position Western The public launch of the Australian of distinguished biologist Professor Australia as the National Phenome Centre (ANPC) Elaine Holmes as the 2018 WA global leader in in October was the result of many Premier’s Fellow in Phenomics, along years of partnership-building with Dr Ruey Leng Loo, the WA precision medicine, and collaboration at a local, Premier’s Early to Mid-Career Fellow, helping to predict national and international scale. means Perth has attracted the best disease in individuals researchers in this field. Led by Murdoch University and based and populations, at the Harry Perkins Research Institute As part of the International Phenome at the Fiona Stanley Hospital Precinct, Centre Network, the ANPC can guiding tailored the new centre will position Western carry out harmonised experiments treatments and even Australia as the global leader in with similar research facilities in government policy precision medicine, helping to predict Singapore, Hong Kong, London and disease in individuals and populations, Birmingham, helping researchers guiding tailored treatments and even answer complex questions about government policy. the role of the environment in the The ANPC is a Team WA effort, development of disease. bringing together all five Universities, hospitals, medical research centres and other partners. It is also supported by the state and federal Governments.

41 Donors and Sponsors The important role Changes to the Donors who wish to support Murdoch management of University are now invited to donate that philanthropy philanthropic funds directly to Murdoch University and their tax deductible receipt will reflect has played at In 2018, the way in which donations Murdoch University’s details. Murdoch has are made to support the University’s endeavours, changed with donors Murdoch University is very grateful for enabled the now invited to give directly to the significant support and invaluable Murdoch University. contribution of the trustees of both University to enrich trusts and the members of the the lives of students Previously, donors could support Veterinary Trust Advisory Committee. Murdoch by making gifts to the Their contribution has been invaluable and advance Murdoch University Foundation or and they provided many years of and disseminate the Murdoch University Veterinary exemplary governance. Trust. These trusts were wound up on knowledge for the 4 July 2018 because the trusts were public good. limited with respect to the types of Donors and sponsors funds they could accept. Murdoch A number of donors and sponsors University is not limited in this way. have supported students and the The gifts held by the trusts, along with University, but they have preferred to the conditions and wishes aligned remain anonymous. In addition, some to those gifts, have been transferred donors have previously provided to Murdoch University. Murdoch funds to be held in perpetuity, with University will continue to comply with the income to be used each year those conditions and manage gifts for student prizes, scholarships and with donor wishes in mind. research projects.

42 MURDOCH UNIVERSITY ANNUAL REPORT 2018 We are grateful to all of our donors and sponsors for their generous support.

Student prizes Office of the Auditor General Other donations and Ozgene Pty Ltd Australia-Japan Society of WA Inc project partners Paypac Payroll Services Pty Ltd Australian Chiropractors Association (WA) Adjunct Professor Jennifer Searcy, OAM Anderson Partners Australian Computer Society (ACS) Separovic Injury Lawyers Australian Institute of Energy Australian Finance Industry Association SGS Australia Malaga Lab Mr Christopher Farrell Australian Meteorological and Ms Julie Shuttleworth Rosemary Grigg and Peter Flanigan Oceanographic Society Shine Lawyers – Perth office Ms Natalie Leung BMT Western Australia Pty Ltd Soroptimist International Mandurah Mr Trevor Phillips Booragoon Radiology Soroptimist International Rockingham Rio Tinto Ltd – Perth Mr Craig Bowie St John of God Health Care Mr Peter Roots Mr Malcolm Bradley STEP Western Australia Schweitzer Engineering Laboratories Bureau Veritas Minerals Pty Ltd Pty Ltd Mr Ray Tauss Chamber of Commerce and Industry of WA Adjunct Professor Jennifer Searcy, OAM Mr Peter Caffin Chartered Accountants Australia New Ms Flora Smith Tesla Forum of WA Inc Zealand Yinhawangka Charitable Trust Chiropractic Australia The May Trust UniBank – Nedlands Office Chiropractors Association of Australia Centre for Comparative (National) Ltd WA Mining Club Communications Expert Group (CEG) WA Primary Principals’ Association Genomics – motor CPA Australia WA Secondary School Executives neurone disease research Association Coulson Legal Mrs Antonia Ferr Water Corporation WA Criminal Lawyers Association of WA Miss Tania Herbert Western Australian Naturalists Club (Inc) Department of Jobs and Small Business Racing for MNDi Foundation Engineers Australia Ms Patsy Sabetta Environmental Protection Authority – Student scholarships and Ms Teresa Spadanuda Western Australia student support Epichem Pty Ltd Dr Craig Bowers & Ms Carol Korb In memory of Doriana Sumich Ernst & Young Mr Tony Chong Mrs Tanya Arnoldi Francis Burt Chambers City of Kwinana Kevin, Frances, Thomas and Diana Bucat Frontier Software Pty Ltd City of Mandurah Nic and Debbie Capozzi Governance Institute of Australia Ms Andrea Gillett Mr Joe Catena Ms Laurelle Grimley Mannkal Economic Education Foundation Mr Patrick Catena IEEE WA Section Emeritus Professor Jennifer McComb, AM Mrs Sarah Catena Independent Metallurgical Operations Emeritus Professor Malcolm Nairn, AM Ms Toni Catena Industrial Relations Society of Western Ms Karyl Nairn Ms Antonia Drago Australia Newmont Mining Corporation – Australia Ms Alethea Dreyer The Issa Family Pacific Ms Jeannie Germano Mr Peter Brown NTEU (WA Office) Mrs Elizabeth Given Mr David Muir Ramsay Health Care WA Sandra and Terry Hemsworth Japan Chamber of Commerce and Industry Emeritus Professor Ian Robertson and Mrs Jennifer Migliore in Perth Inc Dr Kathy Robertson Ms Helen O’Toole Kimberley Rural Health Alliance Rockingham Education Development Mrs Yvonne Polinelli King & Wood Mallesons – Perth Group Scotch College Mandurah Retirement Village Inc Rowe Scientific Pty Ltd Spearwood Hawks Junior Basketball Club Mony de Kerloy Barristers and Solicitors Adjunct Professor Jennifer Searcy, OAM Ms Hilda Srhoy Murdoch University Environmental Science SGS Australia Pty Ltd, Head Office Srhoy Family Association The George Alexander Foundation St Jerome’s Primary School Murdoch University Divers Club Inc The Jon Rock Fund Ms Jemma Sterrett Murdoch University School The Ragdoll Foundation Pty Ltd Mr Ross Sumich of Engineering and IT Mrs Kristy Sumich Vince and Josephine Terribile The Tolic Family Dario and Doris Zuvela

43 DONORS AND SPONSORS

Geoffrey Bolton Centre for Advanced Veterinary Education Ms Elsie Kostos Memorial Fund Dr Kwok Wah Chan Ms Marg Kudla Ms Jan Christensen Lawnswood Pet Cremation & Cemetery Emeritus Professor Malcolm Nairn, AM Mrs Jean Clark Mr Yongjie Lee The Hon. Emeritus Professor Ralph Mrs Wendy Clark Mrs Joan Liptrot Simmonds and Mrs Francine Simmonds Emeritus Professor Nick Costa Mrs Vivienne Lloyd Mrs Loma Toohey Mrs Giovanna Cuccovia Dr Graham Long Miss Elaine Dacre Ms Annette Mariotti Alumni Annual Appeal Ms Carolyn Daly Mrs Jackie Matheron Ms Chey Kheang Lim Mr Vernon Dann Mr Peter Maye Mr Michael Tkacz II Ms Margo Darbyshire Mr Stephen Meerwald Lee Davenport Ms Jacqueline Meyer Banksia Association Mrs Gwendoline Dawes Dr Jenny Mills Dermcare-Vet Pty Ltd Dr Cherry Moir Mr Jeremy Buxton Ms Rachel Edwards Ms Kaye Morgan Dr Janet Holmes à Court, AC Mrs Sharon Eggers Ms Patricia New Emeritus Professor Philip Jennings, AM Dr Lynnette Embrey Mr George Parker John Wiley & Sons Limited Estate of Mrs Margaret Dickinson Ms Catherine Parry Emeritus Professor Barry Kissane Estate of Miss Margaret Harrison Perth Veterinary Specialists Emeritus Professor David Macey Estate of Mr Gunter Herrgesell Perth Zoo Mrs Jenny Mills Mr Stan Evans Mrs Michelle Plummer Mrs Kimberly Louise Evasco Portec Veterinary Services Murdoch University Mrs Audrey Fairchild Mr Peter Potter Art Collection Mrs Barbara Fernandes Mrs Margaret Powell Mr Andrew Browne Mrs Marion Forster Prime 100 Pty Ltd Mr Brent Harris Ms Armanda Franchina Project Tourism International Architecture Estate of Bob Brighton Mr Richard Garrett Mrs Kay Raper Estate of Lavinia Sinclair Mr John Gaynor Ms Soo-Lin Reynolds The Hon. Kate O’Brien Ms Hana Geha Mrs Jill Ridgway Mr Conor Youngs Mrs Judith Grant Ms Margaret Robertson John Francis Boyd Bequest Mrs Phyllis Grant Cristina and Peter Rodenbeck Peter Sarfaty Fund Mrs Nicola Green Keith and Gloria Sainsbury Greengib Foundation Dr Ralph Sarich, AO CitWA and Mrs Patricia Veterinary Trust and Ms Moira Greenhalgh Sarich Ms Sylvia Schaber College of Veterinary Mrs Sancia Griffiths Ms Nicola Hall Dr Enid Sedgwick Medicine Support Mr Peter Hammond Ms Carol Sinclair Ms Karin Aitken Ms Dale Harper Dr Donald Stewart Ms Marian Allan E Henderson Studio Noah Pet Photography and Video Anchorfield Pty Ltd ATF Brazil Family Mrs Margaret Herbert Mrs Anne Tan Foundation Mrs Dallas Hickman Dr Michael Tarttelin Mr Doug Apted Dr Vui Min Hiew The Animal Hospital M and J Arthur Hills Pet Nutrition Mrs Lynda Tilbrook Mr Henry Ayers Mrs Suzanne Hodgins Mrs Heather Tunmore Mrs Pearl Ballard Ian Manners Foundation Ms Jane Van Nieuwenhuysen Ms Lillian Barker Professor Peter Irwin Mr David Vaughan Dr Julie Baronio Ms Rhonda Jackson Vetpath Laboratory Services Ms Beverly Bent Jurox Pty Ltd Mrs Maureen Wabel Ms Kaesaree Boonyakurkul Dr Anne Karczub Mrs Robyn Wade Boehringer Ingelheim Karingal Vet Hospital Wild People Enterprises Ms Jennifer Bourke Mrs Elizabeth Kavanagh Mrs Brigid Woss BOQ Specialist Sue and Peter Kendall Mr Chan Yee Mr Neil Brown Mr Malcolm King Ms Pauline Yiannakis

44 MURDOCH UNIVERSITY ANNUAL REPORT 2018 College of Veterinary The University also wishes to acknowledge the generous donations and bequests Medicine Prizes and to the 2017 Murdoch University Art Awards Collection Dr Peter John William Adamson Mr Geoffrey Hilton Australian and New Zealand College of Mr James Erskine Veterinary Science (Vet Pharmacology Ian and Elizabeth Constable Chapter) Alan Dodge and Neil Archibald CenVet Australia (Perth Office) Pennie and Rodney Thompson Dr Len Cullen Mr Brian Blanchflower Equine Veterinarians Australia Marcel Seeman Teshendorff Hills Pet Nutrition John Francis Boyd Bequest JD and PA McGregor Peter Sarfaty Fund Milne AgriGroup Pty Ltd Emeritus Professor Malcolm Nairn, AM Provet WA Portec Veterinary Services Royal Canin Australia Pty Ltd RSPCA West Australian Pork Producers Association

Caring for Pets Participating Clinics Busselton Veterinary Hospital Claremont Veterinary Hospital Coral Coast Veterinary Hospital Cottesloe Vet Dalkeith Veterinary Clinic Drovers Vet Hospital Grantham St Veterinary Clinic Harradine & Associates Veterinary Hospital Lancelin Veterinary Hospital Mira Mar Veterinary Hospital Mt Barker Veterinary Hospital Perth Cat Hospital Ranford Veterinary Hospital Riverton Rossmoyne Veterinary Hospital Rockingham Veterinary Clinic Roleystone Animal Hospital St Francis Veterinary Hospital Valley Veterinary Centre– Hong Kong Vogue Vets

45 Murdoch University Senate 2018

Our Structure

46 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Governance structure The Senate elects the Chancellor Academic Council and appoints the Vice Chancellor, Murdoch University’s enabling Act, who in turn become Senate members. Academic Council is the senior the Murdoch University Act 1973, Corporate leader and philanthropist decision-making body on academic provides that the governing body David Flanagan is Murdoch matters, academic policies and the of the University is the Senate. University’s Chancellor. approval of academic offerings within Senate is ultimately responsible Mr Flanagan was reappointed in 2016 the University as set out in Section 21 for all University affairs, as Senate for a second three-year term. He of the Murdoch University Act 1973. approves the Strategic Plan of the has indicated that he will step down Following the resignation of Professor University, oversees its policies from Senate when this term ends in John Pluske as the President of and procedures, and guides the August 2019. A search is underway Academic Council, Professor Parisa programs and activities undertaken. to find his replacement. Professor A. Bahri was elected by current To assist in the effective governance Eeva Leinonen was appointed members as the new President of the University, the Senate has Vice Chancellor and commenced of Academic Council for a balance established four committees: at the University in April 2016. of term commencing 18 October 2018 and expiring 31 December 1. Audit and Risk Committee, Under the organisational structure 2020. The President of Academic to assist the Senate meet its of Murdoch University, the Vice Council is an ex-officio member governance, risk and compliance Chancellor is the chief executive of the University’s Senate. oversight responsibilities. officer and academic principal of Academic Council plays an integral 2. Chancellor’s and Nominations the University. The Vice Chancellor part in shaping and managing the Committee, which advises on is tasked with the leadership and academic environment as Murdoch governance issues, determines development of the University, and University implements, develops and remuneration for the Senior the achievement of its Strategic Plan. continually improves its academic Officers, and reviews the Senate has adopted the Voluntary offerings in line with its Strategic Plan. performance, and succession plans Code of Best Practice for the for the Vice Chancellor and Senior Governance of Australian Universities In October 2018, the University’s Officers. This Committee also (“the Voluntary Code”) as a best Senate approved amendments to the recommends the appointment practice governance benchmark. membership of Academic Council of suitable Senate members. Under the Voluntary Code, the contained in the Academic Council Regulations for implementation from 1 3. Honorary Awards and Ceremonial University is required to disclose in January 2019 and, with the exception Committee, which awards its Annual Report whether or not it of the position of President of honorary degrees and Senate complies. During 2018, the University Academic Council, dis-established medals, and oversees guidelines materially complied with the the current Academic Council and policies relating to honorary protocols contained in the Voluntary effective 31 December 2018. degrees, Senate medals, Code. The reporting regime for the The revised Academic Council graduation ceremonies and regalia. University’s subsidiary companies is currently under review. membership reflects the University’s 4. Resources Committee, which new academic structure. Elections advises on a wide range of were held for all elected staff governance issues including positions on Academic Council, financial control and sustainability, with academic staff positions investment capability, campus elected from the two new Colleges. development, commercial In November 2018 Academic activities, oversight of the Council approved amendments to University’s subsidiary entities, the membership of its subordinate the finances of the Guild of committees to align with the Students (in an advisory capacity) new academic structure. and other matters as relevant.

47 OUR STRUCTURE

Risk management Risk appetite statement University continuity The Senate, in accordance with its The University’s Risk Appetite The University has a University Statement of Governance Principles, Statements, approved by the Senate Continuity Strategy, University has responsibility for setting the risk in 2018, are aligned to the Core Goals, Continuity Guidelines and Critical management policy and critically Lenses and Pillars of the University’s Incident Management Plan. A Critical monitoring the management of Strategic Plan 2017 - 2027. Incident Management Team is in risks across the University, including The purpose of the Risk Appetite place and meets regularly to drive commercial undertakings. The Senate Statements is to articulate what the the development and implementation has approved a Terms of Reference for University is willing to, and not willing of the Critical Incident Management the Audit and Risk Committee, which to accept in the achievement of Plan, which forms an integral part of requires the Committee to confirm Strategy 2027. the University Continuity Framework. that the University’s Risk Management Framework is appropriate. Strategic and operational Compliance management On a quarterly basis, the Audit and risk management framework Risk Committee receives internal The University’s Strategic Risk The University’s Compliance audit reports, and other relevant Register was reviewed and updated Management Policy outlines the reports and updates from the Audit in line with the University’s Strategic University’s approach to compliance and Risk Management Office and Plan 2017 - 2027. The Strategic Risk management, enabling the University management, which address the register highlights the key strategic to meet its compliance objectives. University’s significant risks and risks facing the University, which are The Compliance Management systems of internal control. To actively managed through a suite Framework supports the facilitate assurance to the Senate of actual and planned mitigating identification and management of the that risks are being appropriately controls. University’s compliance obligations. addressed by management, the Audit and Risk Committee submits Operational Risk registers are in place The University’s approach to its minutes to the Senate regularly in substantially across all areas of the compliance management is aligned to addition to an annual report on risk, University. AS/NZS ISO 19600:2015 Compliance internal controls and audit matters. Management Systems – Guidelines. Fraud, corruption and Risk management policy misconduct control and framework framework The University’s Risk Management The University has a Fraud, Policy outlines the University’s Corruption and Misconduct Control approach to identification, Framework that includes the management and reporting following: of risks and specifies formal 1. Fraud, Corruption and Misconduct roles and responsibilities for Policy. these activities, and aligns with contemporary good practices. 2. Fraud and Corruption Control Plan. The University’s Risk Management Framework underpins the continued 3. Conflict of Interest Policy. rollout of good practice risk 4. Public Interest Disclosure Policy management aligned with AS/NZS and Procedures. ISO 31000:2009 Risk Management – Principles and Guidelines. The Fraud, Corruption and Misconduct Control Framework A Risk Management Advisory Group represents the commitment of the chaired by the Chief Operating University to ensure that effective Officer is in place, with the primary controls and practices are in place role of providing advice to the Vice to mitigate fraud, corruption and Chancellor on the University’s risk misconduct-related risks. management strategy, framework, policy and operations.

48 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Senate Member Terms 2018

Senate Member Basis of Appointment Term Term of Office 1. Agrawal, Mr Abhinav Elected from and by the postgraduate students, 1 01 January 2018 – 05 September 2018 (Abby) section 12(1)(e)(ii) (graduated) 2. Bahri, Professor Parisa Ex-officio, as President Academic Council, 1 18 October 2018 – current Arabzadeh section 12(1)(i) 3. Barham-Shepherd, Elected from and by the undergraduate students, 1 01 January 2018 – 31 December 2018 Mr Jordan section 12(1)(e)(i) 4. Belford, Mr Roland Elected from and by the graduates of the 1 01 January 2018 – 31 December 2020 University, section 12(1)(f) 5. Buckingham, Mr Gavin Co-opted by Senate, section 12(1)(h) 1 18 August 2017 – 17 August 2020 6. Burges, Ms Ricky Co-opted by Senate, section 12(1)(g)* 1 11 March 2015 – 01 January 2017 Co-opted by Senate, section 12(1)(h) 02 January 2017 – 10 March 2018 2 11 March 2018 – 10 March 2021 7. Edwards, Em Prof John Appointed by the Governor, section 12(1)(f)* 1 30 September 2015 – 01 January 2017 Appointed by the Governor, section 12(1)(g) 02 January 2017 – 29 September 2018 8. Feist, Mrs Fiona Elected by General staff, section 12(1)(c)* 1 23 December 2015 – 01 January 2017 Elected by Non-academic staff, section 12(1)(d) 02 January 2017 – 18 April 2017 2 19 April 2017 – 23 February 2018 (resigned from MU) 9. Flanagan, Mr David Ex-officio, as Chancellor, section 12(1)(a) 1 08 August 2013 – 07 August 2016 2 08 August 2016 – 07 August 2019 10. Holt, Mr Ross Appointed by the Governor, section 12(1)(f)* 1 10 June 2014 – 01 January 2017 Co-opted by Senate, section 12(1)(h) 02 January 2017 – 9 June 2017 2 10 June 2017 – 9 June 2020 11. Hughes, Mr Ross Co-opted by Senate, section 12(1)(h) 1 02 September 2017 – 01 September 2020 12. Kelly, Mr Glen Co-opted by Senate, section 12(1)(g)* 1 24 May 2015 – 01 January 2017 Co-opted by Senate, section 12(1)(h) 02 January 2017 – 23 May 2018 2 24 May 2018 – 23 May 2021 13. Kerr, Mr Peter Appointed by the Governor, section 12(1)(f)* 1 22 December 2015 – 01 January 2017 Appointed by the Governor, section 12(1)(g) 02 January 2017 – 21 December 2018 2 22 December 2018 – 21 December 2021 14. Leinonen, Professor Eeva Ex-officio, as Vice Chancellor, section 12(1)(a)* 04 April 2016 – 01 January 2017 Ex-officio, as Vice Chancellor, section 12(1)(b) 02 January 2017 – current 15. Pluske, Professor John Ex-officio, as President Academic Council, 02 January 2017 – 18 October 2018 section 12(1)(i) 16. Schroeder-Turk, Elected from and by the Academic Staff 12(1)(c) 1 12 March 2018 – 11 March 2021 Associate Professor Gerd 17. Slaven, Mr Walter (Wal) Elected by Convocation, section 12(1)(e)* 1 01 January 2016 – 01 January 2017 Graduate of the University 12(1)(f) 1 02 January 2017 – 31 August 2018 (resigned) 18. Tomkinson, Rebecca Ms Appointed by the Governor, section 12(1)(g) 1 20 November 2018 – 19 November 2021 19. Whitlock, Ms Julie Elected by Non-academic staff, section 12(1)(d) 1 09 April 2018 – 08 April 2021

*As per section 37. Transitional provisions (Senate) for Universities Legislation Amendment Act 2016 as at 02 Jan 2017 (Murdoch University Act 1973)

49 OUR STRUCTURE

Senate Meeting Information 2018

These meetings do NOT include decisions Senate Audit & Risk Chancellor’s Honorary Resources by circular resolution Committee & Awards & Committee Nominations Ceremonial Committee Committee A B A B A B A B A B Agrawal, Mr Abhinav (Abby) HAAC 4 4 1 1 Bahri, Professor Parisa 2 2 Arabzadeh (A.) Barham-Shepherd, 6 4 Mr Jordan Belford, Mr Roland 6 6

Buckingham, Mr Gavin ARC CNC RC 6 5 6 6 4 2 5 4 Burges, Ms Ricky ARC CNC 6 5 6 5# 5 4 Edwards, Emeritus Professor ARC 4 4 4 4 John

Feist, Mrs Fiona HAAC 0 0 0 0 Flanagan, Mr David CNC HAAC 6 2# 5 5 1 0 Holt, Mr Ross CNC HAAC RC 6 6 5 5 1 1 5 4 Hughes, Mr Ross CNC RC 6 6 5 3 5 4 Kelly, Mr Glen 6 3

Kerr, Mr Peter CNC RC 6 4# 5 5 5 5 Leinonen, Professor Eeva HAAC RC 6 6 1 1 5 5 Pluske, Professor John 4 4

Schroeder-Turk, Associate HAAC 6 5 1 1 Professor Gerd

Slaven, Mr Wal HAAC 4 3 1 0 Tomkinson, Ms Rebecca 1 1

Whitlock, Ms Julie HAAC 5 5 1 0

A = Number of meetings held during the time the member held office or was a member of the committee during the year B = Number of meetings attended # = Leave of absence granted Notes: The Senate Sub-Committee members who are not Senate members have been excluded from the table above.

50 MURDOCH UNIVERSITY ANNUAL REPORT 2018 University Governance and Management (as at 31 December 2018)

Senate

Chancellor Vice Chancellor

David Flanagan Professor Eeva Leinonen

Sub-Commitees Academic Council Chief Operating Officer Provost

Darren McKee Professor Romy Lawson > Audit and Risk > Equity and Committee Diversity Committee > Chancellor’s Nominations > Research Committee Committee

> Honorary Awards > University and Ceremonial Education Committee Committee Deputy Vice Chancellor Deputy Vice Chancellor International Research and Innovation > Resources Committee Professor Lyn Karstadt Professor David Morrison

51 OUR STRUCTURE

Organisational Structure (As was the case for the majority of 2018. The University moved to adopt a new two-College structure at the end of 2018)

Vice Chancellor

President Academic Council

Provost DVC International DVC Research and Innovation

Director PVC Education Dean Dubai Research and Innovation

Director Student Management Dean Singapore Dean of Graduate Studies

Director Academic Quality, Curriculum Management Advancement and Policy

School Deans Director International

Dean of Engineering and Dean of Health Dean of Arts Dean of Education Information Technology Professions

52 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Chief of Staff Chief Operating Officer

Office of Strategy, Quality Property Development and Finance Office and Analytics Commercial Services Office

University Secretary’s Office People and Culture Office

Information Technology Marketing and Communication Services

University Library Audit and Risk Management

Dean of Business Dean of Psychology Dean of Veterinary Dean of Law and Governance and Exercise Science and Life Sciences

53 Disclosure and Legal Compliance

Certification of financial statements The accompanying financial statements of Murdoch University and the accompanying consolidated financial statements have been prepared in compliance with the provisions of the Financial Management Act 2006 from proper accounts and records to present fairly the David Flanagan financial transactions for the financial year ended Chancellor 31 December 2018 and the financial position as at 31 December 2018. At the date of signing, we are not aware of any circumstance which would render the particulars included in the financial statements misleading or inaccurate.

Eeva Leinonen Vice Chancellor

MP Conry Chief Finance Officer 13 March 2019

54 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Certification of financial statements Certification of Key Performance required by the Department of Education Indicators and Training We hereby certify that the 2018 Key Performance We declare that the amount of Australian Government Indicators are based on proper records, are relevant financial assistance expended during the reporting and appropriate for assisting users to assess Murdoch period was for the purpose for which it was intended University’s performance, and fairly represent the and Murdoch University has complied with applicable performance of Murdoch University for the year ending legislation, contracts, agreements and program 31 December 2018. guidelines in making expenditure. Murdoch University charged Student Services and Amenities Fees strictly in accordance with the Higher Education Support Act 2003 and the Administration Guidelines made under the Act. Revenue from the fee was spent strictly in accordance with the Act and only on services and amenities specified in subsection 19-38(4) of the Act.

David Flanagan David Flanagan Chancellor Chancellor

Eeva Leinonen Eeva Leinonen Vice Chancellor Vice Chancellor 13 March 2019 13 March 2019

55 56 MURDOCH UNIVERSITY ANNUAL REPORT 2018 57 58 MURDOCH UNIVERSITY ANNUAL REPORT 2018 59 60 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Financial Statements and Key Performance Indicators

Income Statement ���������������������������������������������������������������������������� 62 Statement of Comprehensive Income ������������������������������������ 63 Statement of Financial Position �������������������������������������������������64 Statement of Changes in Equity ������������������������������������������������ 65 Statement of Cash Flows ��������������������������������������������������������������66 Index of notes to the Financial Statements �������������������������� 67 Notes to the Financial Statements ������������������������������������������� 68 Key Performance Indicators ����������������������������������������������������������114 Other Disclosures ������������������������������������������������������������������������������126

61 FINANCIAL STATEMENTS for the year ended 31 December 2018 Murdoch University

Income StatementStatement for the year ended 31 December 2018 for the year ended 31 December 2018

Consolidated University Restated Restated 2018 2017 2018 2017 Note $000's $000's $000's $000's

Income from continuing operations

Australian Government financial assistance Australian Government grants 2 124,660 128,888 124,660 128,888 HELP - Australian Government payments 2 72,269 67,330 72,269 67,330 State and local government financial 3 assistance 5,482 3,622 5,482 3,622 HECS-HELP - student payments 5,606 5,673 5,606 5,673 Fees and charges 4 97,370 78,021 95,798 75,872 Net investment revenue 5 2,418 7,291 2,453 7,226 Consultancy and contract research 6 29,241 22,535 29,293 22,596 Other revenue 7 34,675 30,922 23,979 23,642 Gains on disposal of assets 49 100 49 104 Other income 7 153 29 153 29

Total income from continuing operations 371,923 344,411 359,742 334,982

Expenses from continuing operations Employee related expenses 8 213,936 209,278 211,528 206,754 Depreciation and amortisation 17, 18 19,053 17,687 20,086 18,390 Repairs and maintenance 9 11,407 9,377 8,843 6,864 Borrowing costs 293 338 293 338 Impairment of assets 244 834 244 834 Share of loss on investments accounted for using the equity method 34 - 34 - Other expenses 10 111,385 106,134 108,933 102,539

Total expenses from continuing operations 356,352 343,648 349,961 335,719

Net result before income tax 15,571 763 9,781 (737) Income tax 11 (32) (2,882) - (2,796)

Net result after tax from continuing operations attributable to members of Murdoch University 15,603 3,645 9,781 2,059

The above Income Statement should be read in conjunction with the accompanying notes. The above Income Statement should be read in conjunction with the accompanying notes. 2

62 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

Statement of of Comprehensive Comprehensive Income Income for the year ended 31 December 2018 for the year ended 31 December 2018

Consolidated University Restated Restated 2018 2017 2018 2017 Note $000's $000's $000's $000's Net result after income tax for the period 15,603 3,645 9,781 2,059 Gain on equity instruments designated at fair value through comprehensive income, net of tax 23 7,604 4,674 7,604 4,674 Cash flow hedges, net of tax 23 95 (23) 95 (23) Exchange differences on translation of foreign operations 23 (25) (216) - - Loss on revaluation of land and buildings, net of tax 17 (5,522) (10,322) (5,415) (9,847)

Total comprehensive income attributable to members of Murdoch University 17,755 (2,242) 12,065 (3,137)

The above Income Statement should be read in conjunction with the accompanying notes. The above Statement of Comprehensive Income should be read in conjunction with the accompanying notes. 3

63 FINANCIAL STATEMENTS for the year ended 31 December 2018

Murdoch University Statement of Financial Position Statementas at 31 December of Financial 2018 Position as at 31 December 2018 Consolidated University Restated Restated 2018 2017 2018 2017 Note $000's $000's $000's $000's

Assets

Current assets Cash and cash equivalents 12 44,086 35,757 28,962 13,541 Receivables 13 21,517 10,836 22,290 19,413 Inventories 1,083 1,310 1,077 1,306 Derivative financial instruments 57 - 57 - Other financial assets 14 77,999 79,951 76,680 69,900 Prepayments 15 6,593 6,466 6,205 6,359

Total current assets 151,335 134,320 135,271 110,519

Non-current assets Receivables 13 226 - 2,969 3,464 Other financial assets 14 92,604 79,123 101,882 88,022 Prepayments 15 13 35 13 35 Investments accounted for using the equity method 17 - 17 - Investment properties 16 238,888 242,969 238,888 242,969 Property, plant and equipment 17 651,544 644,812 632,976 627,185 Intangible assets 18 15,045 15,132 15,045 15,132 Deferred tax assets 15 - - -

Total non-current assets 998,352 982,071 991,790 976,807

Total assets 1,149,687 1,116,391 1,127,061 1,087,326

Liabilities

Current liabilities Trade and other payables 19 21,907 22,081 20,820 21,963 Borrowings 20 438 474 438 474 Provisions 21 44,259 41,431 30,030 27,295 Derivative financial instruments - 38 - 38 Other liabilities 22 235,839 229,177 22,692 13,448

Total current liabilities 302,443 293,201 73,980 63,218

Non-current liabilities Other payables 19 6 6 6 6 Borrowings 20 3,751 4,189 3,751 4,189 Provisions 21 12,841 11,576 12,809 11,544 Deferred tax liability 24 103 - -

Total non-current liabilities 16,622 15,874 16,566 15,739

Total liabilities 319,065 309,075 90,546 78,957

Net assets 830,622 807,316 1,036,515 1,008,369

Equity Reserves 23 383,399 381,247 379,717 377,433 Retained earnings 23 447,223 426,069 656,798 630,936

Total equity 830,622 807,316 1,036,515 1,008,369

The above Income Statement should be read in conjunction with the accompanying notes. The above Statement of Financial Position should be read in conjunction with the accompanying notes. 64 MURDOCH UNIVERSITY ANNUAL REPORT 2018 4 Murdoch University

Statement of of Changes Changes in in Equity Equity for thethe year year ended ended 31 31December December 2018 2018

Consolidated Retained Reserves Earnings Total $000's $000's $000's Balance at 1 January 2018 381,247 426,069 807,316 Effect of adoption of new accounting standards - 5,551 5,551 Balance as restated 381,247 431,620 812,867 Net result - 15,603 15,603 Revaluation of land, buildings and infrastructure (5,522) - (5,522) Gain on financial assets at fair value through OCI 7,604 - 7,604 Gain on cash flow hedges 95 - 95 Loss on foreign exchange (25) - (25)

Total comprehensive income 2,152 15,603 17,755

Balance at 31 December 2018 383,399 447,223 830,622

Balance at 1 January 2017 389,376 425,953 815,329 Retrospective changes (2,242) (3,529) (5,771) Balance as restated 387,134 422,424 809,558 Net result - 3,645 3,645 Revaluation of land, buildings and infrastructure (10,322) - (10,322) Gain on financial assets at fair value through OCI 4,674 - 4,674 Loss on cash flow hedges (23) - (23) Loss on foreign exchange (216) - (216)

Total comprehensive income (5,887) 3,645 (2,242)

Balance at 31 December 2017 381,247 426,069 807,316

University Balance at 1 January 2018 377,433 630,936 1,008,369 Effect of adoption of new accounting standards - 5,551 5,551 Balance as restated 377,433 636,487 1,013,920 Net result - 9,781 9,781 Revaluation of land, buildings and infrastructure (5,415) - (5,415) Gain on financial assets at fair value through OCI 7,604 - 7,604 Gain on cash flow hedges 95 - 95

Total comprehensive income 2,284 9,781 12,065 Transfer to retained earnings - Subsidiaries derecognised - 10,530 10,530

Balance at 31 December 2018 379,717 656,798 1,036,515

Balance at 1 January 2017 384,871 632,407 1,017,278 Retrospective changes (2,242) (3,529) (5,771) Balance as restated 382,629 628,878 1,011,507 Net result - 2,058 2,058 Revaluation of land, buildings and infrastructure (9,847) - (9,847) Gain on financial assets at fair value through OCI 4,674 - 4,674 Loss on cash flow hedges (23) - (23)

Total comprehensive income (5,196) 2,058 (3,138)

Balance at 31 December 2017 377,433 630,936 1,008,369

The above Income Statement should be read in conjunction with the accompanying notes. 65 The above Statement of Changes in Equity should be read in conjunction with the accompanying notes. 5 FINANCIAL STATEMENTS for the year ended 31 December 2018

Murdoch University

Statement of of Cash Cash Flows Flows for the year ended 31 December 2018 for the year ended 31 December 2018

Consolidated University 2018 2017 2018 2017 Note $000's $000's $000's $000's

CASH FLOWS FROM OPERATING ACTIVITIES: Australian government grants 195,575 196,923 195,575 196,923 State and Local Government grants 5,482 3,622 5,482 3,622 HECS-HELP - student payments 5,606 5,673 5,606 5,673 OS-HELP (net) 92 (15) 92 (15) Receipts from student fees and other customers 160,745 135,305 158,964 123,583 Dividends and distributions received 2,567 196 2,417 33 Interest received 2,996 3,116 2,606 2,656 Payments to suppliers and employees (329,284) (332,982) (321,802) (325,396) Interest and other costs of finance paid (292) (347) (292) (347) Income taxes paid (49) (381) - (392) Net cash provided by operating activities 24 43,438 11,110 48,648 6,340

CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of property, plant and equipment 338 359 338 359 Payments for property, plant and equipment, intangibles and investment property (34,927) (36,741) (34,911) (36,555) Net proceeds from sale of financial assets 175 12,772 - 17,500 Net payments for financial assets - - (7,238) - Payments for investment in associate (51) - (51) - Transfer from related entity - - 9,279 - Loan to external party (170) - (170) - Net cash used in investing activities (34,635) (23,610) (32,753) (18,696)

CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of borrowings (397) (2,418) (397) (2,418) Repayment of finance leases (77) (74) (77) (74) Net cash used in financing activities (474) (2,492) (474) (2,492) Net decrease in cash and cash equivalents held 8,329 (14,992) 15,421 (14,848) Cash and cash equivalents at beginning of year 35,757 50,749 13,541 28,389 Cash and cash equivalents at end of 12 financial year 44,086 35,757 28,962 13,541 Financing arrangements 20 The Group does not have any non-cash financing activities.

The above Income Statement should be read in conjunction with the accompanying notes. The above Statement of Cash flows should be read in conjunction with the accompanying notes. 6

66 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

Index of Notes to the Financial Statements

Index of Notes to the Financial Statements 1 Summary of significant accounting policies 2 Australian Government financial assistance including Australian Government loan programs (HELP) 3 State and Local Government financial assistance 4 Fees and charges 5 Investment income and losses 6 Consultancy and contract research 7 Other revenue and other income 8 Employee related expenses 9 Repairs and maintenance 10 Other expenses 11 Income tax 12 Cash and cash equivalents 13 Receivables 14 Other financial assets 15 Other non-financial assets 16 Investment properties 17 Property, plant and equipment 18 Intangible assets 19 Trade and other payables 20 Borrowings 21 Provisions 22 Other liabilities 23 Equity 24 Reconciliation of net result after income tax to net cash flows from operating activities 25 Remuneration of auditors 26 Contingent assets and contingent liabilities 27 Events subsequent to reporting date 28 Commitments for expenditure 29 Key management personnel compensation 30 Financial risk management 31 Fair value measurement 32 Related parties 33 Superannuation – UniSuper defined benefit division 34 Acquittal of Australian Government financial assistance (University only)

7

67 NOTESMurdoch University TO THE FINANCIAL STATEMENTS

1 Summary of significant accounting policies

General Statement

(a). Basis of preparation

68 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

1 Summary of significant accounting policies

(a). Basis of preparation

(b). Basis of consolidation The Group’s share of its associates’ post against the carrying amount of the investment. Dividends receivable from associates are recognised in the parent entity’s When the Group’s share of losses in an associate equals or exceeds its interest in the associate, including any other

(c). Revenue recognition benefits will flow to the Group and specific criteria have been met for each of the Group’s a

(d). Goods and Services Tax (GST)

(e). Comparative amounts

69 MurdochNOTES University TO THE FINANCIAL STATEMENTS

1 Summary of significant accounting policies

(f). New accounting standards and interpretations The following standards have been issued but are not mandatory for December reporting periods. The Group has elected not to early adopt any of these standards. The Groups assessment of the impact of these new standards and interpretations is set out below Application Standard date Implications evenue from ontracts with an The Group will adopt the standard in the ustomers financial year beginning on anuary using the modified retrospective method and therefore will only mae adustments to active contracts as at anuary . The Group will include the required additional disclosures in its financial statements for the financial year ending December . eases an The Group will adopt the standard in the financial year beginning on anuary using the modified retrospective method and therefore will only recognise leases on statement of financial position as at anuary . The Group will include the required additional disclosures in its financial statements for the financial year ending December . The financial impact is not expected to be significant however the assessment may be subect to changes from the ongoing analysis until the finalisation of transition entries. ncome of otforrofit an The Group will adopt the standard in the ntities financial year beginning on anuary using the modified retrospective method. dditional disclosures will be included in its financial statements for the financial year ending December . ervice oncession an The Group is in the process of assessing rrangements Grantors the changes and potential financial impact of the standard. mendments to ustralian an efer to ccounting tandards arising from mendments to ustralian an efer to ccounting tandards – ustralian mplementation Guidance for otforrofit ntities

(g). Initial application of AAS doption of is made in accordance with the transitional provisions. The nature and effect of the changes as a result of adoption of the new accounting standard are described below.

AASB 9 Financial Instruments Financial Instruments replaces Financial Instruments: Recognition and Measurement for annual periods beginning on or after anuary , bringing together all three aspects of the accounting for financial instruments classification and measurement impairment and hedge accounting. The Group applied prospectively, with an initial application date of anuary . The Group has not restated the comparative information, which continues to be reported under . Differences arising from the adoption of have been recognised directly in retained earnings and other components of equity. The nature and effect of the changes as a result of adoption of are described as follows mpact on the statement of financial position increase decrease

70 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

1 Summary of significant accounting policies

(g). Initial application of AAS

AASB 9 Financial Instruments Consolidated University Ref. 1 January 2018 1 January 2018 adjustments $000's $000's (i) Classification and measurement The assessment of the Group’s business model was made as of the date of initial application, 1 January 2018. The following are the changes in the classification of the Group’s financial assets:

Consolidated University AASB 9 measurement category AASB 9 measurement category Fair value Fair value through Amortised Fair value through Amortised Fair value profit or loss cost through OCI profit or loss cost through OCI $000's $000's $000's $000's $000's $000's AASB 139 measurement category

66,784 87,304 21,252 63,043 101,986 21,252 (ii) Impairment The adoption of AASB9 has fundamentally changed the Group’s accounting for impairment losses for financial assets by replacing AASB139’s incurred loss approach with a forward

71 NOTESMurdoch University TO THE FINANCIAL STATEMENTS

1 Summary of significant accounting policies

(g). Initial application of AAS

AASB 9 Financial Instruments Set out below is the reconciliation of the ending impairment allowances in accordance with AASB 139 to the opening loss allowances determined in accordance with AASB9: Consolidated University Allowance for Allowance for impairment impairment under under AASB139 ECL under AASB139 as at ECL under as at 31 AASB9 as at 1 31 December AASB9 as at 1 December 2017 Remeasurement January 2018 2017 Remeasurement January 2018 $000's $000's $000's $000's $000's $000's Trade receiables 1,298 1,3 1,28 1,330

(h). Corrections of prior period errors uring the year, the niersity identified that the fair alue of common area facilities of St es etirement illage urdoch had been erroneously duplicated in its financial statements since 200. The common area facilities were included in property, plant euipment and were measured under the realuation model and at the same time the common area facilities were included within the fair alue of the St es etirement illage urdoch inestment property carried at fair alue. As a conseuence, property, plant and euipment, depreciation epense and the realuation resere hae been oerstated. The errors hae been corrected by restating each of the affected financial statement line items for prior periods. The following tables summarise the impacts on the niersitys financial statements.

Consolidated University As previously As previously Statement of Financial reported Adjustments Restated reported Adjustment Restated Position $000's $000's $000's $000's $000's $000's As at 1 January 2017 Non-current assets roperty, plant and euipment 39,2 ,1 33,991 22, ,1 1, Equity esere 389,3 2,22 38,13 38,81 2,22 382,29 etained earnings 2,92 3,29 22,23 32,0 3,29 28,8 As at 31 December 2017 Non-current assets roperty, plant and euipment 0,318 ,0 ,812 32,91 ,0 2,18 Equity esere 383,30 2,093 381,2 39,2 2,093 3,33 etained earnings 29,82 3,13 2,09 3,39 3,13 30,93 Income statement For the year ended 31 December 2017 epreciation and amortisation 1,802 11 1,8 18,0 11 18,391

12 72 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

2 Australian Government financial assistance including Australian Government loan programs (HELP)

(a). Commonwealth Grants Scheme and Other Grants Consolidated University 2018 2017 2018 2017 Note $000's $000's $000's $000's ommonwealth Grants Scheme GS1 9,03 9,808 9,03 9,808 isability erformance unding2 19 9 19 9 ndigenous Student Success rogram3 1,03 1,132 1,03 1,132 Access and articipation und 2,1 2,29 2,1 2,29 romotion of cellence in earning and Teaching 98 98

Total Commonwealth Grants Scheme and Other Grants 3a 99,907 101,404 99,907 101,404

(b). Higher Education Loan Programs S 1,32 ,801 1,32 ,801 9,3 9,0 9,3 9,0 SA 1,01 1,3 1,01 1,3

Total Higher Education Loan Programs 3b 72,269 67,330 72,269 67,330

(c). Education Research

esearch Training rogram 9,82 10,928 9,82 10,928 esearch Support rogram ,9 8,28 ,9 8,28

Total Education Research Grants 3c 17,827 19,176 17,827 19,176

(d). Other Capital Funding inage nfrastructure, uipment and acilities grant 2,18 2,18 3e Total Other Capital Funding - 2,168 - 2,168

(e). Australian Research Council

iscoery 0 98 0 98 inages 90 92 90 92

Total ARC 3f 1,295 1,884 1,295 1,884

(f). Other Australian Government financial assistance

on research funding 3,3 3,03 3,3 3,03 esearch funding 2,08 1,219 2,08 1,219

Total Other Australian Government financial assistance 5,631 4,256 5,631 4,256

Total Australian Government financial assistance 196,929 196,218 196,929 196,218

13

73 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

2 Australian Government financial assistance including Australian Government loan programs (HELP)

1 ncludes the basic GS grant amount, egional oading, nabling oading, edical Student oading, Allocated laces and on esignated ourses. 2 isability erformance unding includes Additional Support for Students with isabilities and Australian isability learinghouse on ducation and Training. 3 ndigenous Student Success rogram replaced the ndigenous ommonwealth Scholarships rogram and the ndigenous Support rogram as of 1 January 201. A inage nfrastructure, uipment and acilities grants should be reported in d ther apital unding.

Grant reenue is recognised at fair alue when the Group obtains control oer the assets comprising the contribution, usually when cash is receied. ther nonreciprocal contributions are recognised at their fair alue. ontributions of serices are only recognised when a fair alue can be reliably determined and the serices would be purchased if not donated. eenue from is categorised into those receied from the Australian Goernment and those receied directly from students. eenue is recognised and measured in accordance with the aboe disclosure.

3 State and Local Government financial assistance Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Non-Capital State Goernment 3,3 2,83 3,3 2,83 ocal Goernment 2,019 9 2,019 9

Total State and Local Government financial assistance 5,482 3,622 5,482 3,622

1

74 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

4 Fees and charges Consolidated University 2018 2017 2018 2017 Note $000's $000's $000's $000's

Course fees and charges eepaying onshore oerseas students ,892 0,22 ,892 0,22 eepaying offshore oerseas students 1,083 1,89 39 1,1 ontinuing education 13 119 13 119 eepaying domestic postgraduate students 2,199 2,20 2,199 2,20 ther domestic course fees and charges ,33 3,90 ,33 3,90

Total course fees and charges 80,0 0,990 ,01 ,12

Other non-course fees and charges Student serices fees from students 3h 1,2 1, 1,2 1, acilities fees 1,09 803 1,09 803 Serice and management fees 13,029 10,83 ther fees and charges ,38 ,21 ,39 ,983 ecoery charges 3,12 3,2 3,00 3,11 aring fees 1,89 1,998 1,89 1,998 ental and lease charges 3,8 3,1 3,93 3,38

Total other fees and charges 1,20 1,031 30,3 28,30

Total fees and charges 97,370 78,021 95,798 75,872

ees and charges are recognised as income in the year of receipt, ecept to the etent that fees and charges relate to courses to be held in future periods. Such receipts or portion thereof is treated as income in adance in liabilities. onersely, fees and charges relating to debtors are recognised as reenue in the year to which the prescribed course relates. Scholarships proided by niersity towards tuition fees hae been reclassified from other epenses note 10 and offset against course fees income.

5 Net investment income Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's nterest on ban deposits 2,98 3,1 2,9 2,2 iidends and franing credits receied 3,18 911 3,38 1,122 ncome distributions from managed funds 1,3 3,2 1,3 3,2 et gains loss on financial assets designated at fair alue through profit or loss 1,1 12 1,00 8 air alue adustment on inestment property ,090 1 ,090 1

Net investment revenue 2,418 7,291 2,453 7,226

6 Consultancy and contract research

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Research ontracts 28,90 22,08 28,90 22,08 Other onsultancy 1 03 38

Total consultancy and contract research 29,241 22,535 29,293 22,596 esearch grants are recognised at fair alue when the Group obtains control of the right to receie the grant, it is probable that economic benefit will flow to the Group and it can be measured reliably.

1

75 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

6 Consultancy and contract research onsultancy reenue is recognised in the period in which the serice is proided, haing regard to the stage of completion of the serice.

7 Other revenue and other income

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Other revenue eferred management fee ,13 , onations and beuests 1,83 2, 2,039 3,38 ongoernment grants 103 18 103 18 Subscriptions 13 12 13 12 ommon serice fees and electies 2,30 2,3 Statutory refunds 3 ther reenue 3,183 2,280 1,912 1,23 Scholarships and pries 1,23 1,202 1,23 1,202 Sponsorships income 39 3 39 3 Trading income 18,80 1,1 18,2 1,001 air alue gain on resident loans 2,1 -

Total other revenue 34,675 30,922 23,979 23,642 Other income Bad debts recoered or written bac 13 29 13 29

Total other income 153 29 153 29

eferred management fees , relating to the retirement illage, are earned whilst the resident occupies the independent liing unit or sericed apartment. The reenue on the original loan from the resident is recognised as income on a straight line basis over the resident’s expected tenure. Expected tenure is calculated by reference to information issued by the Australian Bureau of Statistics for life epectancy and industry trends regarding rolloers. The reenue on increases in the maret alue of the independent liing unit or sericed apartment is recognised on an emerging basis. here a rolloer occurs prior to estimated tenure duration, the difference between the cash receied and the accrued is brought to account as reenue immediately. Trading income mainly comprise of income generated from The Animal ospital and the niersitys booshop. eenue is recognised when serices are proided or goods are sold. ther reenue is brought to account as it is earned and is recognised when the goods and serices are proided.

1

76 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

8 Employee related expenses Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Academic alaries ontribution to superannuation and pension schemes ayroll tax orers compensation nnual leave ong service leave

Total academic 102,731 101,011 101,374 99,510

Non-academic alaries ontribution to superannuation and pension schemes ayroll tax orers compensation nnual leave ong service leave

Total non-academic 111,205 108,267 110,154 107,244

Total employee related expenses 213,936 209,278 211,528 206,754

ontributions to the defined contribution section of the roups superannuation fund and other independent defined contribution superannuation funds are recognised as an expense as they become payable. ast service costs are recognised in profit or loss immediately.

9 Repairs and maintenance Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's uildings and grounds ther

Total repairs and maintenance 11,407 9,377 8,843 6,864

epairs and maintenance costs are recognised as expenses as incurred except here they relate to the replacement of a component of an asset in hich case the costs the carrying amount of those parts that are replaced is derecognised and the cost of the replacing part is capitalised if the recognition criteria are met. ther routine operating maintenance repair and minor reneal costs are also recognised as expenses as incurred.

77 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

10 Other expenses Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's dministration expenses dvertising mareting and promotions udit fees ban charges legal costs insurance and taxes onsulting fees other onsulting fees teaching onsulting fees research ost of sales onations and sponsorships air value loss on resident loans eneral consumables icence and royalty fees oncapitalised euipment ccupancy costs perating lease payments ther expenses roductivity improvement program costs cholarships grants and pries elecommunications ravel and related staff development and training

Total other expenses 111,385 106,134 108,933 102,539 eases in hich a significant portion of the riss and reards of onership are retained by the lessor are classified as operating leases note . ayments made under operating leases net of any incentives received from the lessor are charged to the income statement on a straightline basis over the period of the lease. ther expenses are recognised as incurred and became payable. cholarships provided by niversity toards tuition fees have been reclassified to ees and charges note and offset against course fees income.

11 Income tax

(a). Income tax expense Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's urrent tax eferred

Total (32) (2,882) - (2,796)

78 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

11 Income tax

(b). Numerical reconciliation of income tax expense to prima facie tax payable Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's et result before income tax from continuing operations dd ontaxable operating result from ustralian operations

ax at the ustralian tax rate of ax effect of amounts hich are not taxable in calculating taxable income

ub total ifference in overseas tax rate dustment for current tax of prior periods erecognition of previously recognised deferred tax entries nrecognised overseas tax losses

Income tax (32) (2,882) - (2,796) he niversity is exempt from income tax under ivision of the ncome ax ssessment ct . ithin the consolidated entity there are entities that are not exempt from income tax. or these entities the income tax expense or revenue for the period is the tax payable on the current periods taxable income adusted by changes in deferred tax assets and liabilities attributable to temporary differences beteen the tax bases of assets and liabilities and their carrying amounts in the financial statements and to unused tax losses.

12 Cash and cash equivalents Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Current ash at ban and on hand an bills and deposits

Total cash and cash equivalents 44,086 35,757 28,962 13,541

(a). Reconciliation to cash at the end of the year he above figures are reconciled to cash at the end of the year as shon in the statement of cash flos as follos

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's nrestricted estricted

Balance as per statement of cash flows 44,086 35,757 28,962 13,541

79 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

12 Cash and cash equivalents

(b). Cash at bank and on hand hese are interest bearing at an average floating interest rate of . as at ecember ..

(c). Deposits at call he ban bills and deposits are bearing average fixed interest rates of . as at ecember .. hese deposits have an average maturity of days. or statement of cash flos presentation purposes cash and cash euivalents includes cash on hand deposits held at call ith financial institutions other shortterm highly liuid investments ith original maturities of three months or less that are readily convertible to non amounts of cash and hich are subect to an insignificant ris of changes in value and ban overdrafts. an overdrafts are shon ithin borroings in current liabilities on the statement of financial position.

13 Receivables Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Current rade receivables tudent fees receivable ess rovision for impaired receivables

ther

Total current receivables 21,517 10,836 22,290 19,413

Non-current oans receivable ther

Total non-current receivables 226 - 2,969 3,464 rade receivables are noninterest bearing and are generally on terms of days. et out belo is the movement in the alloance for expected credit losses of trade receivables.

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's t anuary rovision for expected credit losses riteoff

At 31 December 1,436 1,298 1,422 1,284

he information about credit ris exposures are disclosed in ote inancial is anagement.

rade receivables and student fees receivables are held to collect contractual cash flos and give rise to cash flos representing solely payments of principal and interest. hese are classified and measured as debt instruments at amortised cost. rade receivables are due for settlement no more than days. uition fees receivables are due on the first day of the academic period. or both trade and student fees receivables the roup applies a simplified approach in calculating expected credit losses E. herefore the roup does not trac changes in credit ris but instead recognises a loss alloance based on lifetime E at each reporting date. he roup has established a provision matrix that is based on historical credit loss experience adusted for forardlooing factors specific to the debtors and the economic environment.

80 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

14 Other financial assets

Current Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Unrestricted ther financial assets at fair value through profit or loss listed securities ther financial assets at amortised costs ban deposits

otal unrestricted current other financial assets Restricted ther financial assets at fair value through profit or loss listed securities ther financial assets at amortised costs ban deposits otal restricted current other financial assets

Total current other financial assets 77,999 79,951 76,680 69,900

(a). Non-current Unrestricted ther financial assets at fair value through profit or loss managed funds ther financial assets at amortised costs shares in subsidiaries - nvestments in euity instruments designated at fair value through other comprehensive income unlisted securities otal unrestricted noncurrent other financial assets Restricted ther financial assets at fair value through profit or loss managed funds otal restricted noncurrent other financial assets

Total non-current other financial assets 92,604 79,123 101,882 88,022

Total other financial assets 170,603 159,074 178,562 157,922

Initial recognition and measurement inancial assets are classified at initial recognition as subseuently measured at amortised cost fair value through other comprehensive income and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the roups business model for managing them. ith the exception of trade receivables that do not contain a significant financing component or for hich the roup applied the practical expedient the roup initially measures a financial asset at its fair value plus in the case of a financial asset not at fair value through profit or loss transaction costs. n order for a financial asset to be classified and measured at amortised cost or fair value through it needs to give rise to cash flows that are ‘solely payments of principal and interest (SPPI)’ on the principal amount outstanding. This assessment is referred to as the test and is performed at an instrument level. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flos. he business model determines hether cash flos ill result from collecting contractual cash flos selling the financial assets or both.

Subsequent measurement or the purpose of subseuent measurement financial assets are classified in categories belo

81 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

14 Other financial assets

Financial assets at amortised cost The Group measures financial assets at amortised cost if i) it is held to collect contractual cash flow and ii) the contractual terms of the financial assets gie rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Group has elect to classify its inestment in subsidiaries at cost. Gains and losses are recognised in profit and loss statement when the asset is derecognised modified and impaired.

Financial assets at fair value through profit and loss inancial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair alue through profit and loss irrespectie of the business model. inancial assets at fair alue through profit and loss are carried in the statement of financial position at fair alue with net changes in fair alue recognised in the income statement.

Investment in equity instruments designated at fair value through other comprehensive income pon initial recognition the Group elect to classify irreocably its euity inestments as euity inestment designated at fair alue through I when they meet the definition of euity under S inancial Instruments Presentation and are not held for trading. The classification is determined on an instrumentbyinstrument basis. Gains and losses on these financial assets are neer recycled to profit or loss. iidends are recognised as inestment income in the income statement when the right of payment has been established. uity instruments designated at fair alue through I are not subect to impairment assessment. The Group elect to classify irreocably its nonlisted euity inestment (ecluding the Groups subsidiaries) under this category.

15 Other non-financial assets Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Current Prepayments Non-current Prepayments

Total other non-financial assets 6,606 6,501 6,218 6,394

The Group recognises a prepayment as an asset when payments for goods or serices hae been made in adance of the Group obtaining a right to access those goods or serices.

82 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

16 Investment properties Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Non-current pening balance at anuary air alue adustment on inestment properties () () () () Transfer from property plant and euipment

Closing balance at 31 December 238,888 242,969 238,888 242,969

Inestment property includes a commercial building that is leased to a third party under an operating lease and the St Ies etirement illage urdoch. or fair alue hierarchy categorisation of inestment properties see note .

(a). Amounts recognised in the income statement for the commercial building

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's ental income irect operating epenses () () () () air alue adustment on inestment property

Total recognised in profit or loss 1,518 1,491 1,518 1,491

(b). Amounts recognised in the income statement for St Ives Retirement Village Murdoch

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's air alue adustment on inestment property () () () ()

Total recognised in profit or loss (4,512) (1,171) (4,512) (1,171)

(c). Operating lease (as lessor) - commercial building Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's The future minimum lease payments under non-cancellable leases are as follows: ithin one year ater than one year but not later than fie years

2,371 3,595 2,371 3,595

Inestment properties eclude properties held to meet serice deliery obecties of urdoch niersity. Inestment properties are initially recognised at cost. osts incurred subseuent to initial acuisition are capitalised when it is probable that future economic benefits in ecess of the originally assessed performance of the asset will flow to urdoch niersity. here an inestment property is acuired at no cost or for nominal consideration its cost shall be deemed to be its fair alue as at the date of acuisition. Subseuent to initial recognition at cost inestment property is carried at fair alue which is based on actie maret prices of similar properties adusted if necessary for any difference in the nature location or condition of the specific

83 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

16 Investment properties asset. If this information is not aailable the Group uses alternatie aluation methods such as recent prices in less actie marets or discounted cash flow proections. These aluations are assessed annually by an eternal aluer. hanges in fair alues are recorded in the income statement as part of the other income. Murdochental University University reenue from the leasing of inestment properties is recognised in the income statement in the periods in which it is receiable as this represents the pattern of serice rendered through the proision of the properties.

17 Property, plant and equipment 17 Property, plant and equipment Leased Plant Furniture Construction Computing Other Motor Library and andLeased PlantLeasehold Furniture Land Buildings Infrastructure in progressConstruction Plant Equipment ComputingEquipment VehiclesOther ArtworksMotor Books EquipmentLibrary Fittings andImprovement and Total Leasehold University $000's Land$000's Buildings $000's Infrastructure $000's in progress$000's $000'sPlant Equipment$000's $000'sEquipment $000's Vehicles $000's Artworks $000's Books $000'sEquipment $000's Fittings $000's Improvement Total University $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's At 1 January 2017 Atost 1 January 2017 Independent ost aluation urdoch Independent aluation aluation ccumulated depreciation and impairment () () () () () () () () () urdoch aluation Netccumulated book amount depreciation and impairment 238,710 296,826 25,782 16,287 10,080 ()2,356 ()16,690 1,357() 6,530 () 1,539 262() 3,250 () 2,877 ()622,546 () () orrection of prior period error () () Net book amount 238,710 296,826 25,782 16,287 10,080 2,356 16,690 1,357 6,530 1,539 262 3,250 2,877 622,546 Restatedorrection net of book prior amount period error 238,710 291,055 () 25,782 16,287 10,080 2,356 16,690 1,357 6,530 1,539 262 3,250 2,877 616,775 () Year ended 31 December 2017 Restated net book amount 238,710 291,055 25,782 16,287 10,080 2,356 16,690 1,357 6,530 1,539 262 3,250 2,877 616,775 pening net boo amount ealuationYear ended increment(decrement) 31 December 2017 () () () ealuationpening net correction boo amount dditionsealuation increment(decrement) () () () () () () () isposalsealuation correction Transfers in (out) () dditions Transfer to profit and loss () () isposals () () () () Transfer to software () () Transfers in (out) () epreciation charge () () () () () () () () () () () () () epreciationTransfer to correctionprofit and loss Transfer to software () () Restated closing net book amount 239,370 281,721 28,281 24,703 10,155 3,530 16,007 1,364 6,792 1,410 220 6,146 7,486 627,185 epreciation charge () () () () () () () () () () () Atepreciation 31 December correction 2017 ost RestatedIndependent closing aluation net book amount 239,370 281,721 28,281 24,703 10,155 3,530 16,007 1,364 6,792 1,410 220 6,146 7,486 627,185 () () etAt aluation31 December correction 2017 urdoch aluation ost ccumulated depreciation and impairment () () () () () () () () () Independent aluation Restatedet aluation net book correction amount 239,370 281,721 () 28,281 24,703 10,155 3,530 16,007 1,364 6,792 1,410 220 6,146 7,486 627,185 () Year urdoch ended 31aluation December 2018 peningccumulated net boo depreciation amount and impairment () () () () () () () () () ealuation increment(decrement) () () () Restated net book amount 239,370 281,721 28,281 24,703 10,155 3,530 16,007 1,364 6,792 1,410 220 6,146 7,486 627,185 dditions isposalsYear ended 31 December 2018 () () () () () Transferspening in net (out)boo amount () () () () Transfersealuation to inestment increment(decrement) property () () () Transfers to profit or loss () () dditions Transfer to software () () isposals () () () () () epreciation charge () () () () () () () () () () () Transfers in (out) () () ClosingTransfers net to book inestment amount property 236,7 94 292,900 30,329 11,909 9,563() 4,373 19,622 1,403 7,309 1,332 155 11,383 5,904 632,976 () AtTransfers 31 December to profit 2018 or loss () () Transferost to software () () epreciationIndependent aluation charge () () () () () () () () () () () urdoch aluation ccumulatedClosing net depreciation book amount and impairment 236,7 94 292,900 30,329 ()11,909 ()9,563 ()4,373 ()19,622 1,403 () 7,309 () 1,332 () 155 () 11,383 () 5,904 632,976

NetAt 31book December amount 2018 236,794 292,900 30,329 11,909 9,563 4,373 19,622 1,403 7,309 1,332 155 11,383 5,904 632,976 ost Independent aluation urdoch aluation ccumulated depreciation and impairment () () () () () () () () ()

Net book amount 236,794 292,900 30,329 11,909 9,563 4,373 19,622 1,403 7,309 1,332 155 11,383 5,904 632,976

84 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

17 Property, plant and equipment Leased Plant Furniture Construction Computing Other Motor Library and and Leasehold Land Buildings Infrastructure in progress Plant Equipment Equipment Vehicles Artworks Books Equipment Fittings Improvement Total University $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's

At 1 January 2017 ost Independent aluation urdoch aluation ccumulated depreciation and impairment () () () () () () () () ()

Net book amount 238,710 296,826 25,782 16,287 10,080 2,356 16,690 1,357 6,530 1,539 262 3,250 2,877 622,546 orrection of prior period error () ()

Restated net book amount 238,710 291,055 25,782 16,287 10,080 2,356 16,690 1,357 6,530 1,539 262 3,250 2,877 616,775

Year ended 31 December 2017 pening net boo amount ealuation increment(decrement) () () () ealuation correction dditions isposals () () () () Transfers in (out) () Transfer to profit and loss () () Transfer to software () () epreciation charge () () () () () () () () () () () epreciation correction

Restated closing net book amount 239,370 281,721 28,281 24,703 10,155 3,530 16,007 1,364 6,792 1,410 220 6,146 7,486 627,185

At 31 December 2017 ost Independent aluation et aluation correction () () urdoch aluation ccumulated depreciation and impairment () () () () () () () () ()

Restated net book amount 239,370 281,721 28,281 24,703 10,155 3,530 16,007 1,364 6,792 1,410 220 6,146 7,486 627,185

Year ended 31 December 2018 pening net boo amount ealuation increment(decrement) () () () dditions isposals () () () () () Transfers in (out) () () Transfers to inestment property () () Transfers to profit or loss () () Transfer to software () () epreciation charge () () () () () () () () () () ()

Closing net book amount 236,794 292,900 30,329 11,909 9,563 4,373 19,622 1,403 7,309 1,332 155 11,383 5,904 632,976

At 31 December 2018 ost Independent aluation urdoch aluation ccumulated depreciation and impairment () () () () () () () () ()

Net book amount 236,794 292,900 30,329 11,909 9,563 4,373 19,622 1,403 7,309 1,332 155 11,383 5,904 632,976

85 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

Murdoch University 17 Property, plant and equipment 17 Property, plant and equipment Leased Plant Furniture Construction Computing Other Motor Library and andLeased PlantLeasehold Furniture Land Buildings Infrastructure in progressConstruction Plant EquipmentComputing Equipment VehiclesOther Artworks Motor Books EquipmentLibrary Fittings Improvementand andTotal Leasehold University $000'sLand $000'sBuildings $000'sInfrastructure $000's in progress$000's Plant$000's Equipment$000's Equipment$000's $000'sVehicles $000'sArtworks $000's Books $000'sEquipment $000's Fittings$000's Improvement Total Consolidated $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's At 1 January 2017 At 1 January ost 2017 ost Independent aluation Independent urdoch aluation aluation ccumulated depreciation and impairment () () () () () () () () () urdoch aluation ccumulatedNet book depreciation amount and impairment 238,710 296,826 25,782 16,287 10,080 () 2,356 ()16,690 ()1,357 6,530() 1,539 262() 3,250 () 2,877() 622,546 () () orrection of prior period error () () Net book amount 238,710 312,132 29,287 16,287 10,437 2,376 16,694 1,357 6,530 1,539 262 3,256 895 639,762 orrectionRestated of prior net periodbook amount error 238,710 291,055() 25,782 16,287 10,080 2,356 16,690 1,357 6,530 1,539 262 3,250 2,877 616,775 () Year ended 31 December 2017 Restated net book amount 238,710 306,361 29,287 16,287 10,437 2,376 16,694 1,357 6,530 1,539 262 3,256 895 633,991 pening net boo amount Year endedealuation 31 December increment(decrement) 2017 () () () peningealuation net boo correction amount ealuationdditions increment(decrement) () () () isposals () () () () ealuation correction Transfers in (out) () dditions Transfer to profit and loss () () isposals () () () () Transfer to software () () () Transfersepreciation in (out) charge () () () () () () () () () () () () () Transferepreciation to profit and correction loss Transfer to software () () Restated closing net book amount 239,370 281,721 28,281 24,703 10,155 3,530 16,007 1,364 6,792 1,410 220 6,146 7,486 627,185 epreciation charge () () () () () () () () () () () epreciationAt 31 December correction 2017 ost Restated Independent closing net aluation book amount 239,370 300,689 31,605 24,703 10,493 3,559 16,009 1,364 6,792 1,410 220 6,158 2,440 644,812 et aluation correction () () At 31 December 2017 urdoch aluation ost ccumulated depreciation and impairment () () () () () () () () () Independent aluation Restated net book amount 239,370 281,721 28,281 24,703 10,155 3,530 16,007 1,364 6,792 1,410 220 6,146 7,486 627,185 et aluation corrections () () urdochYear aluationended 31 December 2018 ccumulatedpening depreciation net boo amount and impairment () () () () () () () () () ealuation increment(decrement) () () () Net bookdditions amount 239,370 300,689 31,605 24,703 10,493 3,559 16,009 1,364 6,792 1,410 220 6,158 2,440 644,812 isposals () () () () () Year ended 31 December 2018 Transfers in (out) () () pening net boo amount Transfers to inestment property () () ealuation increment(decrement) () () () Transfers to profit or loss () () dditions Transfer to software () () () () () () () isposalsepreciation charge () () () () () () () () () () () Transfers in (out) () () Closing net book amount 236,794 292,900 30,329 11,909 9,563 4,373 19,622 1,403 7,309 1,332 155 11,383 5,904 632,976 Transfers to inestment property () () TransferAt to31 profit December or loss 2018 () () ost Transfer to software () () Independent aluation change differences () () () urdoch aluation epreciation charge () () () () () () () () () () () ccumulated depreciation and impairment () () () () () () () () ()

ClosingNet net book book amount amount 236,794236,794 292,900311,377 30,32933,609 11,909 11,909 9,563 9,8834,373 4,37719,622 1,40319,623 7,3091,403 1,332 7,309 1551,332 11,383 155 5,90411,398 632,976 2,375 651,544

At 31 December 2018 ost Independent aluation urdoch aluation ccumulated depreciation and impairment () () () () () () () () ()

Net book amount 236,794 311,377 33,609 11,909 9,883 4,377 19,623 1,403 7,309 1,332 155 11,398 2,375 651,544

86 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

17 Property, plant and equipment Leased Plant Furniture Construction Computing Other Motor Library and and Leasehold Land Buildings Infrastructure in progress Plant Equipment Equipment Vehicles Artworks Books Equipment Fittings Improvement Total Consolidated $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's

At 1 January 2017 ost Independent aluation urdoch aluation ccumulated depreciation and impairment () () () () () () () () ()

Net book amount 238,710 312,132 29,287 16,287 10,437 2,376 16,694 1,357 6,530 1,539 262 3,256 895 639,762 orrection of prior period error () ()

Restated net book amount 238,710 306,361 29,287 16,287 10,437 2,376 16,694 1,357 6,530 1,539 262 3,256 895 633,991

Year ended 31 December 2017 pening net boo amount ealuation increment(decrement) () () () ealuation correction dditions isposals () () () () Transfers in (out) () Transfer to profit and loss () () Transfer to software () () epreciation charge () () () () () () () () () () () epreciation correction

Restated closing net book amount 239,370 300,689 31,605 24,703 10,493 3,559 16,009 1,364 6,792 1,410 220 6,158 2,440 644,812

At 31 December 2017 ost Independent aluation et aluation corrections () () urdoch aluation ccumulated depreciation and impairment () () () () () () () () ()

Net book amount 239,370 300,689 31,605 24,703 10,493 3,559 16,009 1,364 6,792 1,410 220 6,158 2,440 644,812

Year ended 31 December 2018 pening net boo amount ealuation increment(decrement) () () () dditions isposals () () () () () Transfers in (out) () () Transfers to inestment property () () Transfer to profit or loss () () Transfer to software () () change differences () () () epreciation charge () () () () () () () () () () ()

Closing net book amount 236,794 311,377 33,609 11,909 9,883 4,377 19,623 1,403 7,309 1,332 155 11,398 2,375 651,544

At 31 December 2018 ost Independent aluation urdoch aluation ccumulated depreciation and impairment () () () () () () () () ()

Net book amount 236,794 311,377 33,609 11,909 9,883 4,377 19,623 1,403 7,309 1,332 155 11,398 2,375 651,544

87 NOTES TO THE FINANCIAL STATEMENTS

Murdoch University

17 Property, plant and equipment Items of property plant and euipment costing or more are measured initially at cost. here an asset is acuired at no or nominal cost the cost is alued at its fair alue at the date of acuisition. Items of property plant and euipment costing less than are immediately epensed direct to the income statement (other than where the cost forms part of a group of similar items which are significant in total). and buildings infrastructure library boos motor ehicles and artwors hae no minimum capitalisation limit. Subseuent to initial recognition as an asset the realuation model is used for the measurement of land buildings infrastructure and artwors and the cost model for all other property plant and euipment. and and artwors are carried at fair alue. uildings and infrastructure are carried at fair alue less accumulated depreciation. ll other items of property plant and euipment are stated at historical cost less accumulated depreciation and accumulated impairment losses. and buildings and infrastructure are independently alued annually by eternal aluer and recognised annually to ensure that the carrying amount does not differ materially from the assets fair alue at the end of the reporting period. rtwors are alued eery years and the aluation will be recognised at eery reporting period. epreciation and is not depreciated. epreciation on the other assets is calculated using the straightline method to allocate their cost or realued amounts net of their residual alues oer their estimated useful lies as follows epreciable assets omputer euipment ther euipment . uildings and Infrastructure Plant otor ehicles . ease plant and euipment . er the lease easehold improements terms urniture and fittings

rtwors are considered as heritage assets and are anticipated to hae ery long and indefinite useful lies. Their serice potential has not in any material sense been consumed during the reporting period. s such no amount for depreciation has been recognised in respect of wors of art. epreciation rates are reiewed at the end of each reporting period. Impairment of assets Property plant and euipment intangibles inestment properties and financial assets are tested for any indication of impairment at the end of each reporting period. here there is an indication of impairment the recoerable amount is estimated. here the recoerable amount is less than the carrying amount the asset is considered impaired and is written down to recoerable amount. or assets measured at cost impairment loss is recognised in profit and loss. or assets measured and fair alue impairment loss is recognised as a realuation decrement in other comprehensie income. or the purpose of assessing impairment assets are grouped at the lowest leels for which there are separately identifiable cash flows which are largely independent of the cash inflows from other assets or group of assets.

88 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

18 Intangible assets

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's lectronic library materials Software and software licences

Total intangible assets 15,045 15,132 15,045 15,132

Electronic Software and Library Software Materials Licences Total $000's $000's $000's

At 1 January 2017 ost ccumulated amortisation and impairment () () ()

Net book amount 11,865 2,666 14,531 Year ended 31 December 2017 pening net boo amount dditions Transfer from onstruction in Progress mortisation harges () () ()

Closing net book amount 12,361 2,771 15,132 At 31 December 2017 ost ccumulated amortisation and impairment () () ()

Net book amount 12,361 2,771 15,132 Year ended 31 December 2018 pening net boo amount dditions mortisation harges () () ()

Closing net book amount 13,091 1,954 15,045 At 31 December 2018 ost ccumulated amortisation and impairment () () ()

Net book amount 13,091 1,954 15,045

Intangible assets are initially recognised at cost. or assets acuired at no cost or for nominal cost the cost is their fair alue at the date of acuisition. The cost model is applied for subseuent measurement reuiring the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. mortisation for intangible assets with finite useful lies is calculated for the period of the epected benefit (estimated useful life which is reiewed annually) on the straight line basis. ll intangible assets controlled by the Group hae a finite useful life and ero residual alue. lectronic library materials hae no minimum capitalisation limit. The cost of utilising the assets is epensed (amortised) oer their useful life. lectronic library materials hae an epected useful life of years. cuisition of computer software and software licences costing or more and internally generated software costing or more are capitalised. The cost of utilising the assets is epensed (amortised) oer their useful life. omputer

89 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

18 Intangible assets software and software licences hae an epected useful life of years. osts incurred below these thresholds are immediately epensed directly to the income statement.

19 Trade and other payables Consolidated University 2018 2017 2018 2017 Note $000's $000's $000's $000's

Current Trade payables urrent ta liability ccruals and other payables SP liability to ustralian Goernment (g)

Total current trade and other payables 21,907 22,081 20,820 21,963 Non-current ther payables

Total non-current trade and other payables 6 6 6 6

Total trade and other payables 21,913 22,087 20,826 21,969

(a). Foreign exchange risk The carrying amounts of the Groups and niersitys current payables are denominated in ustralian currency only.

Trade and other payables represent liabilities for goods and serices proided to the Group prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within days of recognition.

90 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

20 Borrowings Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Current Secured inance lease liabilities estern ustralian Treasury orporation Total current secured borrowings

Unsecured estern ustralian Treasury orporation

Total current borrowings 438 474 438 474 Non-current Secured inance lease liabilities estern ustralian Treasury orporation Total noncurrent secured borrowings

Unsecured Total non-current borrowings 3,751 4,189 3,751 4,189

Total borrowings 4,189 4,663 4,189 4,663

oan from estern ustralian Treasury orporation is as follows

(i) Peel ampus loan of ( ) which is secured by a Guarantee of the Treasurer of the State interest bearing at a fied rate of . and repayable in uarterly instalments by pril . orrowings are initially recognised at fair alue net of transaction costs incurred. orrowings are subseuently measured at amortised cost. ny difference between the proceeds (net of transaction costs) and the redemption amount is recognised in the income statement oer the period of the borrowings using the effectie interest method. ees paid on the establishment of loan facilities which are not an incremental cost relating to the actual drawdown of the facility are recognised as prepayments and amortised on a straightline basis oer the term of the facility. orrowings are remoed from the statement of financial position when the obligation specified in the contract is discharged cancelled or epired. orrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least months after the end of the reporting period and does not epect to settle the liability for at least months after the end of the reporting period. orrowing costs incurred for the construction of any ualifying assets are capitalised during the period of time that is reuired to complete and prepare the asset for its intended use or sale. ther borrowing costs are epensed.

(a). Assets pledged as security

The carrying amounts of assets pledged as security for current and noncurrent borrowings are

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Non-current assets Finance leases Plant and euipment

Total assets pledged as security 155 220 155 220

91 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

20 Borrowings

(b). Financing arrangements

nrestricted access was aailable at balance date to the following lines of credit

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Facilities ire purchase facility estern ustralian Treasury orporation loan facility

103,000 2,000 103,000 2,000 Facilities utilised at reporting date sset finance (inance leases) estern ustralian Treasury orporation loan

4,189 156 4,189 156 Facilities not utilised at reporting date sset finance (inance eases) estern ustralian Treasury orporation loan facility

98,811 1,844 98,811 1,844 In anuary the niersity signed an agreement with estern ustralia Treasury orporation (T) to increase its loan facility limit to m. The amount and timing of drawdowns is subect to specified limits in the conditions of funding. The increase in the loan facility limit is for the purpose of funding the niersitys capital wors and acuisition of capital assets. The T loan facility is secured with a Treasurers Guarantee and will be managed in accordance with the niersitys Senate approed ebt anagement Policy which reuires appropriate approal on all drawdown reuests.

The carrying amounts of the Group’s borrowings are denominated in Australian dollar.

or an analysis of the sensitiity of borrowings to interest rate ris and foreign echange ris refer to note .

(c). Reconciliation of liabilities arising from financing activities

2017 2018 Carrying Cash Carrying amount flows Transfer amount $000's $000's $000's $000's ongterm borrowings () Shortterm borrowings () ease liabilities ()

Total liabilities from financing activities 4,663 (474) - 4,189

92 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

21 Provisions Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Current provisions expected to be settled within 12 months mployee benefits Annual leae ong serice leae mployment oncosts anagement fees ther proisions

Current provisions expected to be settled after more than12 months Annual leae ong serice leae mployment oncosts

Total current provisions 44,259 41,431 30,030 27,295

Non-current mployee benefits ong serice leae Other provisions: mployment oncosts proision ther proisions

Total non-current provisions 12,841 11,576 12,809 11,544

Total provisions 57,100 53,007 42,839 38,839

93 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

21 Provisions

Movements in other provisions oements in each class of proision during the financial year other than employee benefits are set out below Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Employment on-costs provision alance at beginning of year Additional proisions Amounts used

Carrying amount at end of period 4,170 3,914 4,170 3,914

Management fees alance at beginning of year Additional proisions Amounts used

Carrying amount at end of period 14,123 14,018 - -

Other alance at beginning of year Additional proisions Amounts used nused amount reersed

Carrying amount at end of period 3,961 1,900 3,926 1,867

94 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

21 Provisions

roision are liabilities of uncertain timing or amount and are recognised where there is a present legal or constructie obligation as a result of a past eent and it is probable that an outflow of resources will be reuired to settle the obligation and the amount can be reliably estimated. roisions are reiewed at each reporting period.

Employee benefits All annual leae and long serice leae proisions are in respect of employees serices up to the end of the reporting period. i Annual eae Annual leae is not epected to be settled wholly within twele months after the end of the reporting period and is therefore considered to be other longterm employee benefits. The annual leae liability is recognised and measured at the present alue or amounts epected to be paid when the liabilities are settled using the remuneration rate epected to apply at the time of settlement. hen assessing epected future payments consideration is gien to epected future wage and salary leels including nonsalary components such as employer superannuation contributions as well as the eperience of employee departures and periods of serice. The epected future payments are discounted using maret yields at the end of the reporting period on national goernment bonds with terms to maturity that match as closely as possible the estimated future cash outflows. The proision for annual leae is classified as a current liability as the Group does not hae an unconditional right to defer settlement of the liability for at least twele months after the end of the reporting period. ii ong serice leae ong serice leae is not epected to be settled wholly within twele months after the end of the reporting period is recognised and measured at the present alue of amounts epected to be paid when the liabilities are settled using the remuneration rate epected to apply at the time of settlement. hen assessing epected future payments consideration is gien to epected future wage and salary leels including nonsalary components such as employer superannuation contributions as well as the eperience of employee departures and periods of serice. The epected future payments are discounted using maret yields at the end of the reporting period on nonfinancial corporate bonds with terms to maturity that match as closely as possible the estimated future cash outflows. iii etirement benefit obligations The employees of the Group are entitled to benefits on retirement from superannuation plans elected by the employees. These plans incorporate defined contribution sections only as per AASB 119 ‘Employee benefits’. bligations for contributions to defined contribution plans are recognised as an epense in the income statement as incurred. i mployee oncosts mployee oncosts, including workers’ compensation insurance, are not employee benefits and are recognised separately as liabilities and epenses when the employment to which they relate has occurred. Termination benefits Termination benefits are payable when employment is terminated before the normal retirement date or when an employee accepts an offer of benefits in echange for the termination of employment. The Group recognises the epense and liability for termination benefits either when it can no longer withdraw the offer of those benefits or when it has recognised costs for restructuring within the scope of AA that inoles the payment of termination benefits. The epense and liability are recognised when the Group is demonstrably committed to either terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal or proiding termination benefits as a result of an offer made to encourage oluntary redundancy. Termination benefits are measured on initial recognition and subseuent changes are measured and recognised in accordance with the nature of the employee benefit. enefits epected to be settled wholly within months are measured at the undiscounted amount epected to be paid. enefits not epected to be settled before months after the end of the reporting period are discounted to present alue.

95

NOTES TO THE FINANCIAL STATEMENTS Murdoch University

22 Other liabilities Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Current ncome receied in adance 1,1 , , 1,1 Australian goernment unspent financial assistance 9 9 esident loans 19, 19,

Total current other liabilities 235,839 229,177 22,692 13,448

esident loans obligation , , ess eferred anagement ees receiable 1, ,9

194,778 197,830 Resident loans Resident loans, relating to the retirement village, are measured at the principal amount, plus the residents’ share of any increase in the market alue of the underlying property at year end date less the alue of the deferred management fee receiable. esident loans are noninterest bearing and are payable at the end of the resident contract. n most cases this is greater than 1 months, howeer, they are classified as current liabilities because the company does not hae an unconditional right to defer settlement. In practice, the rate at which the company’s retirement residents vacate their units, and hence the rate at which the resident loans will fall due for repayment can be estimated on the basis of statistical tables. Deferred management fee (DMF) receivable receiable represents the contractual amount receiable with reference to the underlying resident contract. The company has a contractual right of offset of the receiable against the releant resident loan. esident loans obligation and receiable are recognised on a net basis due to the right of offset.

96 MURDOCH UNIVERSITY ANNUAL REPORT 2018

Murdoch University

23 Equity

uity represents the residual interest in the net assets o the roup Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Reserves and, uildings and inrastructure , , , , Investment revaluation reserve , , , , edging reserve cash low hedges oreign change ranslation Reserve

Total reserves 383,399 381,247 379,717 377,433

Movement during the year:

Reserves alance at eginning o year , , , , and, uildings and inrastructure , , , , Investment revaluation reserve , , , , edging reserve cash low hedges oreign change ranslation Reserve

Balance at end of year 383,399 381,247 379,717 377,433

Retained earnings

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Retained earnings at the eginning o the inancial year , , , , ect o adoption o new accounting standard , - , et result or the period , , , , ranser to retained earnings susidiaries derecognised - ,

Retained earnings at end of the financial year 447,223 426,069 656,798 630,936

Land, buildings and infrastructure his reserve is used to account or the increases or decreases in the value o assets as a result o revaluations Investment revaluation reserve his reserve is used to account or increases or decreases in the value o investment in euity instruments designated at air value through other comprehensive income Hedging reserve cash flow hedges orward echange contracts are entered into as hedges to avoid or minimise possile adverse inancial eects o movements in echange rates uch derivative instruments are stated at air value hanges in air value o derivative inancial instruments that are designated and eective as hedges o uture cash lows are recognised directly in euity Foreign exchange translation reserve his represents echange dierences arising on translation o the oreign susidiary urdoch niversity oundation and urdoch niversity eterinary rust were wound up on uly reer to note he transer relates to the carrying value o the net assets o the wound up susidiaries recorded directly in euity

97

NOTES TO THE FINANCIAL STATEMENTS Murdoch University

24 Reconciliation of net result after income tax to net cash provided by / (used in) operating activities

Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's et result ater income ta , , , , Adjustments for: epreciation and amortisation , , , , ain on disposal o property, plant and euipment et loss gains on other inancial assets , , , , air value loss on investment property , , air value movement in resident loans , , hare o net results o associates accounted or using the euity method onations Changes in assets and liabilities: Increase in receivales , , , , ecrease in inventories Increaseecrease in other assets Increaseecrease in deerred ta assets Increaseecrease in payales , , , , Increaseecrease in provisions , , , ecrease in resident loans , Increase in other liailities , , , ,

Net cash provided by operating activities 43,438 11,110 48,648 6,340

he roup does not have any noncash inancing and investing activities

25 Remuneration of auditors uring the year, the ollowing ees were paid or payale or services provided y the auditor o the parent entity Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Audit of Financial Statements ees paid to ice o the uditor eneral

26 Contingent assets and contingent liabilities here are no nown contingent assets which are liely to materially aect the roups inancial position as at reporting date rom time to time claims are made against the niversity or various matters including reach o contract ll claims are investigated y the niversity and assessed on their merits as to whether they are spurious in nature or worth deending he niversity will only oo a liaility where there is a present legal, euitale or constructive oligation and will only disclose a contingent liaility where the proaility o an outlow is not remote

27 Events subsequent to reporting date ustralian ational henome entre n eruary , the niversity announced million in ederal overnment support or the ustralian ational henome entre cept or the aove, no other matters or circumstances have arisen since the end o the inancial year which signiicantly aected or could signiicantly aect the operations or results o the roup

98 MURDOCH UNIVERSITY ANNUAL REPORT 2018

Murdoch University

28 Commitments for expenditure

The following commitments are GST inclusive.

(a). Capital commitments Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Capital expenditure contracted for at the reporting date but not recognised as liabilities is as follows: ithin one year , , , , Total capital commitments 8,492 7,973 8,492 7,973

(b). Lease commitments Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's (i) Operating leases Commitments relating to non-cancellable operating leases are as follows: ithin one year , , , , ater than one year ut not later than ive years , , , , Total operating lease commitments 4,171 3,225 3,659 2,986 (ii) Finance leases Commitments relating to finance leases are as follows: ithin one year ater than one year ut not later than ive years

ess uture inance charges Finance lease liabilities 79 156 79 156

Lease liabilities provided for in the financial statements: urrent oncurrent

Total lease liabilities 79 156 79 156 he weighted average interest rate implicit in the inance leases is

Operating leases eases in which a signiicant portion o the riss and rewards o ownership are retained y the lessor are classiied as operating leases ayments made under operating leases net o any incentives received rom the lessor are charged to the income statement on a straightline asis, over the period o the lease inance leases eases o property, plant and euipment where the roup, as lessee, has sustantially all the riss and rewards o ownership are classiied as inance leases inance leases are capitalised at the leases inception at the lower o the air value o the leased property and the present value o the minimum lease payments he corresponding rental oligations, net o inance charges, are included in other shortterm and longterm payales ach lease payment is allocated etween the liaility and inance cost he inance cost is charged to the income statement over the lease period so as to produce a constant periodic rate o interest on the remaining alance o the liaility or each period he property, plant and euipment acuired under inance leases are depreciated over the shorter o the assets useul lie and the lease term

99

NOTES TO THE FINANCIAL STATEMENTS Murdoch University

28 Commitments for expenditure

(c). Other expenditure commitments Consolidated University 2018 2017 2018 2017 $000's $000's $000's $000's Commitments relating to other expenditure are as follows: ithin one year , , , , ater than one year ut not later than ive years , , , , ater than ive years , , Total other expenditure commitments 10,790 9,875 10,790 9,875

29 Key management personnel compensation he niversity has determined that ey management personnel include enate memers and senior oicers o the niversity ll memers o enate serve in an honorary capacity including memers o sta enate memers who are employed as sta at the niversity have their compensation disclosed in respect o their individual employment conditions in their capacity as employees otal compensation o ey management personnel or the reporting period is presented within the ollowing ands Senate members Senior officers 2018 2017 2018 2017 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,, , ,, , , , , , , , ,, , , , , , , , , , , , , , 19 21 16 18 Includes employees who ecame or ceased to e a senior oicer during the year

100 MURDOCH UNIVERSITY ANNUAL REPORT 2018

Murdoch University

29 Key management personnel compensation

Senate members Senior officers 2018 2017 2018 2017 $000's $000's $000's $000's hortterm employee eneits , , , , ostemployment eneits ther longterm eneits

Total key management personnel compensation 1,575 1,480 4,960 5,105

101

NOTES TO THE FINANCIAL STATEMENTS Murdoch University

30 Financial Risk Management he roups activities epose it to a variety o inancial riss maret ris including currency ris, air value interest rate ris, cash low interest rate ris and price ris, credit ris and liuidity ris he roups overall ris management program ocuses on the unpredictaility o inancial marets and sees to minimise potential adverse eects on the inancial perormance o the roup

(a). Market risk i oreign echange ris oreign echange ris arises when uture commercial transactions and recognised assets and liailities are denominated in a currency that is not the roups unctional currency he roup does have eposure to the international maret and thereore is eposed to oreign echange ris he roups current policy is to enter into orward currency contracts to minimise its oreign echange ris where there is an underlying actual currency eposure he roup entered into a orward currency contract in ecemer to hedge against the echange rate ris arising rom the anticipated payment o in the ensuing inancial year he contract is epected to e settled y ecemer ii rice ris portion o the roups investments are eposed to luctuations in the prices o euity securities he roups investment policy provides strategies or the minimisation o price ris with the diversiication o that ris through various investment managers and ongoing monitoring y the Resources ommittee to ensure there is no concentration o ris eposure in any one area iii ash low and air value interest rate ris he roup is eposed to cash low interest rate ris as it orrows and invests unds at loating interest rates he ris is managed through maintaining an appropriate mi o orrowings and investments at ied and loating rates, maintaining an appropriate mi o inancial institutions to invest with and setting limits in terms o orrowings and investments iv ummarised sensitivity analysis he ollowing tales summarise the sensitivity o the roups inancial assets and inancial liailities to interest rate ris, oreign echange ris and other price ris

31 December 2018 Interest rate risk Foreign exchange risk Other price risk -0.5% +0.5% -10% +10% -10% +10% Carrying Result Equity Result Equity Result Equity Result Equity Result Equity Result Equity amount $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's

Financial assets ash and ash uivalents at an , an eposits , mount receivale in oreign currency ther inancial assets isted securities , nlisted securities , , , , , anaged unds , , , , , Total increase/(decrease) , , , ,

102 MURDOCH UNIVERSITY ANNUAL REPORT 2018

Murdoch University

30 Financial Risk Management

(a). Market risk

31 December 2017 Interest rate risk Foreign exchange risk Other price risk -0.5% +0.5% -10% +10% -10% +10% Carrying Result Equity Result Equity Result Equity Result Equity Result Equity Result Equity amount $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's

Financial assets ash and ash uivalents at an , an eposits , mount receivale in oreign currency ther inancial assets isted securities , nlisted securities , , , , , anaged unds , , , , , otal increasedecrease (562) 562 19 , , , ,

(b). Credit risk he roups maimum eposure to credit ris at year end date in relation to each class o recognised inancial asset is the carrying amount o those assets indicated in the statement o inancial position here are no signiicant concentrations o credit ris, whether through eposure to individual customers, speciic industry sectors andor regions otes and provide urther details

(c). Liquidity risk The following tables summarise the maturity of the Group’s financial assets and financial liabilities

Contractual cash Carrying amount flows Less than 1 year 1 to 5 years 5+ years 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's

Financial Liabilities: Interest earing liailities , , , , , , , , ayales , , , , , , -

Total Financial Liabilities 26,102 26,750 27,585 28,484 22,639 22,806 2,664 3,396 2,282 2,282

103 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

31 Fair value measurement

(a). Fair value measurements The fair alue of financial instruments must be estimated for recognition and measurement or for disclosure purposes nitial recognition and measurement of financial instruments is at fair alue which normally euates to the transaction cost or the face alue ubseuent measurement is at amortised cost using the effectie interest method or at fair alue as applicable ue to the shortterm nature of the current receiable their carrying alue approimates their fair alue and based on credit history it is epected that the receiables that are neither past due nor impaired will be receied when due The Group measures and recognise the following assets and liabilities at fair alue on a recurring basis inancials assets at fair alue through profit and loss nestments in euity instruments designated at fair alue through other comprehensie income eriatie financial instruments and buildings and infrastructure nestment properties rtwors

104 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

31 Fair value measurement

(b). Fair value hierarchy

eel uoted prices unadusted in actie marets for identical assets or liabilities eel inputs other than uoted prices included within eel that are obserable for the asset or liability either directly or indirectly eel inputs for the asset or liability that are not based on obserable maret data unobserable inputs

i ecognised fair alue measurements air alue measurements recognised in the statement of financial position are categorised into the following leels at ecember and Carrying amount Fair value Level 1 Level 2 Level 3 Note $000's $000's $000's $000's $000's

2018 Consolidated

Financial assets ash and cash euialents eceiables

ther financial assets at amortised cost an deposits

ther financial assets at fair alue through profit or loss isted securities anaged funds

nestment in euity instruments designated at fair alue through other comprehensie income nlisted securities eriatie financial instruments

Total financial assets 233,572 233,572 65,231 57 28,856

Non-financial assets nestment properties and uildings nfrastructure rtwors

Total non-financial assets 827,977 827,977 - 482,991 344,986

Financial liabilities ayables orrowings

Total financial liabilities 26,023 26,771 4,858 - -

105 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

31 Fair value measurement

(b). Fair value hierarchy Carrying amount Fair value Level 1 Level 2 Level 3 Note $000's $000's $000's $000's $000's

2017 Consolidated

Financial assets ash and cash euialent eceiables

ther financial assets at amortised cost an deposits

ther financial assets at fair alue through profit or loss isted securities anaged funds

nestment in euity instruments designated at fair alue through other comprehensie income nlisted securities

Total financial assets 204,248 204,248 66,784 - 15,701

Non-financial assets nestment properties and uildings nfrastructure rtwors

Total non-financial assets 821,425 821,425 - 489,131 332,294

Financial liabilities ayables orrowings T loans eriatie financial instruments

Total financial liabilities 26,632 27,464 5,339 38 - ii isclosed fair alues The Group has a number of assets and liabilities which are not measured at fair alue but for which the fair alues are disclosed in the notes The fair alue of financial assets and financial liabilities with standard terms and conditions and traded on actie liuid marets are determined with reference to uoted maret prices The carrying alue less impairment proision of trade receiables and payables is a reasonable approimation of their fair alues due to the shortterm nature of trade receiables ll other financial assets and liabilities are recorded at amortised cost in the financial statement and their carrying alue approimates their fair alue

(c). Valuation techniques to derive fair values The fair alue of financial instruments that are not traded in an actie maret is determined using aluation techniues These aluation techniues maimise the use of obserable maret data where it is aailable and rely as little as possible on entity specific estimates f all significant inputs reuired to fair alue an instrument are obserable the instrument is included in leel f one or more of the significant inputs is not based on obserable maret data the instrument is included in leel This is the case for unlisted securities

106 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

31 Fair value measurement

(c). Valuation techniques to derive fair values The Group uses a ariety of methods and maes assumptions that are based on maret conditions eisting at each balance sheet date pecific aluation techniues used to alue financial instruments include the use of uoted maret prices or dealer uotes for similar instruments the fair alue of forward foreign echange contracts is determined using forward echange rate at the end of the reporting period other techniues such as discounted cash flow analysis are used to determine fair alue for the remaining financial instruments ll of the resulting fair alue estimates are included in leel ecept for unlisted securities eplained in d below nestment properties are alued independently each year where artwors are alued independently eery years and buildings and infrastructure classified as property plant and euipment are alued independently eery years along with annual destop aluation t the end of each reporting period the Group updates their assessment of the fair alue of each property taing into account the most recent independent aluations The Group determines the propertys alue within a range of reasonable fair alue estimates The aluation for the niersitys commercial building was conducted by an independent licensed aluer cGees roperty and the t es etirement illage aluation was determined by utilising an industry specific aluation model deeloped by rnst and oung The niersitys land aluation was performed by cGees roperty where building and infrastructures aluation was conducted by uantity ureyor ason and ard and confirmed by cGees roperty ll resulting fair alue estimates for properties are included in leel ecept for land and inestment properties The leel fair alue of land has been deried using sales comparison approach ale prices of comparable land in close proimity are adusted for differences in ey attributes The most significant input into this aluation approach is price per suare meter

107 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

31 Fair value measurement

(d). Fair value measurements using significant unobservable inputs (level 3) The following table is a reconciliation of leel items for the period ended ecember and Unlisted Buildings Infrastructure securities Total 2018 $000's $000's $000's $000's air alue at start of period ecognised in opening retained earnings cuisition ealuation decrement increment recognised through other comprehensie income epreciation epense

Closing Balance 311,377 33,609 28,856 373,842

2017 air alue at start of period cuisition ealuation decrement increment recognised through other comprehensie income et aluation corrections epreciation epense

Closing Balance 300,689 31,605 15,701 347,995

i Transfers between leels and and changes in aluation techniues There were no transfers of financial assets liabilities between leels and ii aluation inputs and relationships to fair alue

Description Fair value at Valuation Unobservable inputs Range of Relationship of 31 December technique inputs unobservable inputs to 2018 (probability fair value

$000's weighted average) nestment in iscounted net iscount rate on alue ncrease in the discount unlisted asset alue of underlying unlisted rate will result in lower securities securities fair alue nestment in sset based of the euity ot ncrease in euity will unlisted interest in the applicable result in higher fair securities underlying unlisted alue securities

108 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

32 Related Parties

(a). Parent entity The ultimate parent entity within the Group is urdoch niersity

(b). Subsidiaries The consolidated financial statements incorporate the assets liabilities and results of the following subsidiaries in accordance with the accounting policy described in note b Ownership interest % Principal place of Name of Entity business 2018 2017 urdoch nestment ompany ty td ustralia urdoch etirement erices ty td ustralia nnoatie hiropractic earning ty td ustralia urdoch entures ty td ustralia T ompany ty td ustralia urdoch ingapore te td ingapore urdoch ollege roperties ty td ustralia The lan and ris eacoce esearch oundation ustralia urdoch niersity oundation ustralia urdoch niersity eterinary Trust ustralia

urdoch niersity oundation and urdoch niersity eterinary Trust were wound up on uly perations are now incorporated within urdoch niersity

(c). Key management personnel isclosures relating to ey management personnel are set out in note

(d). Transactions with related parties ggregate amounts included in the determination of net result from ordinary actiities that resulted from transactions with related parties 2018 2017 $000's $000's

Wholly owned entity onations sponsorships and beuests ther fees and charges iidend receied ental and lease charges ther ependiture ecoery of salaries

(e). Outstanding balances ggregate amounts receiable from and payable to each class of related parties at balance date University 2018 2017 $000's $000's

Wholly owned entity nter entity loan receiable nter entity loan payable

109 NOTESMurdoch University TO THE FINANCIAL STATEMENTS

33 Superannuation - UniSuper defined benefit division The Group currently contributes to the niuper defined benefit diision on behalf of certain employees The is a defined benefit plan under uperannuation aw but as a result of amendments in to lause of the niuper Trust eed it is considered to be a defined contribution plan under mployee benefits

Financial position of the UniSuper defined benefit division or comparatie information purposes only the financial position below is applicable to the whole niuper incorporating all participating employers not only urdoch niersity s at une the assets of the in aggregate were estimated to be million aboe ested benefits after allowing for arious reseres The ested enefit nde based on funding assumptions was The ested benefits are benefits which are not conditional upon continued membership or any factor other than leaing the serice of the participating institution and include the alue of indeed pensions being proided by the s at une the assets of the in aggregate were estimated to be million aboe accrued benefits after allowing for arious reseres The ccrued enefit nde based on best estimate assumptions was The accrued benefits hae been calculated as the present alue of epected future benefit payments to members and indeed pensioners which arise from membership of niuper up to the reporting date The ested benefit and accrued benefit liabilities were determined by the Fund’s actuary using the actuarial demographic assumptions outlined in their report on the actuarial inestigation of the as at uly The financial assumptions used were Vested Accrued benefits benefits Gross of ta inestment return pensions pa pa Gross of ta inestment return – commercial rate indeed pensions pa pa et of ta inestment return non pensioner members pa pa onsumer rice nde pa pa nflationary salary increases long term pa pa ssets hae been included at their net maret alue that is after allowing for realisation costs

110 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

34 Acquittal of Australian Government Financial Assistance

(a). Education - CGS and other Education grants Promotion of Disability Excellence in Commonwealth Access and Performance Learning and Indigenous Student Grants Scheme#1 Participation Pool Funding#2 Teaching Success Program#3 Total 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 Parent Entity (University) Only $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's $000's Financial assistance receied in during the reporting period total cash receied rom the ustralian oernment or the program et accrual adustments eenue or the period a urplusdeicit rom the preious year otal reenue including accrued reenue ess epenses including accrued epenses

urplusdeicit or reporting period -

ncludes the asic grant amount – egional oading – naling oading edical tudent oading llocated laces on esignated ourses and pecial dances rom Future ears

isaility erormance Funding includes dditional upport or tudents ith isailities and ustralian isaility learinghouse on ducation raining

ndigenous tudent uccess rogram has replaced the ndigenous ommonealth cholarships rogram and the ndigenous upport rogram as o anuary

(b). Higher education loan programmes (excluding OS-HELP) HECS-HELP (Aust. Government payments only) FEE-HELP SA-HELP Total 2018 2017 2018 2017 2018 2017 2018 2017 Parent Entity (University) Only $000's $000's $000's $000's $000's $000's $000's $000's ash ayaleeceiale at the eginning o the year Financial assistance receied in cash during the reporting period ash aailale or the period eenue earned ash ayaleeceiale at the end o the year

111 NOTES TO THE FINANCIAL STATEMENTS Murdoch University

34 Acquittal of Australian Government Financial Assistance

(c). Department of Education and Training Research Research Training Research Support Program Program Total 2018 2017 2018 2017 2018 2017 Parent Entity (University) Only $000's $000's $000's $000's $000's $000's

(d). Total Higher Education Provider Research Training Program expenditure

Total domestic Total overseas students students $000's $000's

Total for all types of support

(e). Other Capital Funding Linkage Infrastructure, Equipment and Facilities Grant Total 2018 2017 2018 2017 Parent Entity (University) Only $000's $000's $000's $000's

(f). Australian Research Council Grants Discovery Linkages Total 2018 2017 2018 2017 2018 2017 Parent Entity (University) Only $000's $000's $000's $000's $000's $000's

112 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Murdoch University

34 Acquittal of Australian Government Financial Assistance

(g). OS-HELP

2018 2017 Parent Entity (University) Only $000's $000's

(h). Student Services and Amenities Fee

2018 2017 Parent Entity (University) Only $000's $000's

113 Education and Students Outcomes Murdoch Murdoch University is recognised for its world- class, student-centred, high-quality teaching, and University Key its interdisciplinary approach to course offerings. Clear pathways for admission to university and from undergraduate degrees to employment or further Performance study are strategic priorities for the University. These characteristics are incorporated into Murdoch University’s Indicators 2018 academic offerings and structures. The Strategic Plan and Future Horizon 2017–2027 guides Approaches to help the transition to university study, be the University towards a future in which we will be it from school or later in life, have been introduced as part recognised as a world-changing university through the of the curriculum by the incorporation of new dedicated impact of our free-thinking graduates, our life-changing transition units and the embedding of skills necessary for research, and our campus developments in Western success at university throughout the first year offerings. Australia and strategic global locations. This is also designed to strengthen the success and retention of students, especially those from educationally Key Performance Indicators reported here assess important disadvantaged backgrounds. measurable outcomes for Murdoch University in the areas of Education and Students, Research, and Operations. They These indicative activities are aimed at achieving the each measure either the effectiveness of the University’s objectives of the Strategic Plan 2017–2027 that Murdoch efforts in reaching those strategic goals by achieving a University will provide an outstanding education given result, or the efficiency of the University’s efforts by experience for every student leading to our graduates comparing one result to another in a ratio. being innovators fully prepared for their future careers. The University aims to achieve this through innovative In December 2016, the Murdoch University Senate curriculum, development of academic leaders, inclusive approved a core set of Key Performance Indicators education and student support to improve progression which include targets for 2020 and 2025. The and retention of all student cohorts, and an enhanced performance measures against which the success of the digital experience. Strategic Plan 2017–2027 is assessed are a subset of those indicators. Management has defined the interim targets The key indicators relating to Education and for these measures as successful progress towards end Students are: of period targets. • Overall student satisfaction as measured by the Social Research Centre for Quality Indicators for Learning and Teaching (QILT) • Retention Rate for domestic commencing bachelor students • Proportion of commencing domestic undergraduate students from low SES background • Proportion of commencing domestic students from regional or remote areas • Proportion of commencing domestic students that identify themselves as being of Aboriginal and Torres Strait Islander (ATSI) heritage • Commencing International onshore student load.

114 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Research Outcomes Operational Outcomes Murdoch University’s research encompasses the full In recent years the university sector has had to contend translational pipeline from fundamental and technology- with uncertain and contested Commonwealth funding driven sciences through to political science and and regulation. Institutions are also facing an increasingly governance, regulatory and policy frameworks as well as competitive environment for both research funding and cultural critiques offered through the prisms of history, student enrolments. As a result, universities need to theology and the social sciences. Enhancing supporting be efficient and productive to be able to invest in their platforms and research infrastructure, through partnerships activities and be competitive internationally. and joint ventures locally and internationally, reinforces our Building a strong financial platform is a critical objective translational research excellence and efficiency. of the first five years of the Strategic Plan. In order to Productive innovation builds from Murdoch University’s have a strong future, we will have a clear focus on growth translational focus and an intellectual ecosystem that in student numbers, student retention and completion, brings together researchers, business, industry, investors strategic management of our costs and strategic and entrepreneurs. Murdoch University nurtures investment in high value initiatives. fundamental and basic research, particularly where the The key indicator relating to Operations, measured at possibility for impact and disruption is seen. the consolidated level, is: The Knowledge and Health Precinct being developed on • Operating Margin, expressed as a percentage. the Perth Campus, in collaboration with government and health industry partners, provides a framework to focus research in critical health directions. Research activities at Murdoch University are shaped towards consolidation and critical mass in key areas to make a contribution and be a collaborator of choice at the local, national and global level. Through these activities Murdoch University will achieve its research goal of providing life-changing solutions to complex world challenges.

The key indicators relating to Research are: • Total Higher Education Research Data Collection (HERDC) income received • Engagement Income (HERDC Categories 2–4: Industry and other Research and Development (R&D) income; Other public sector R&D income; Cooperative Research Centre R&D income).

115 KEY PERFORMANCE INDICATORS 2018

Education and Students Outcomes Commencing student retention rate University student retention is influenced by a wide range Effectiveness Indicators of factors: one of the most important is whether the study Student satisfaction program provided is meeting each student’s aspirations. The effort of teaching staff and content of courses Other factors, sometimes beyond the University’s control encourage a dynamic learning environment. These such as financial imperatives, carer responsibilities embedded elements of the student experience connect and timing of offerings, influence a student’s choice to with directed initiatives that strive to meet the students’ continue. Strategies have been introduced to extend a and University’s academic objectives. supportive learning environment by improving the quality of the student experience, especially for those with fewer The University participates in the annual national Course resources in the community and in particular those from Evaluation Questionnaire (CEQ), part of the Quality areas of low socio-economic status and Aboriginal and Indicators of Learning and Teaching (QILT) suite of surveys. Torres Strait Islanders. These indicators measure the In this survey, graduates who completed their course in effectiveness of retaining students in the overall student the previous year are asked to express their agreement or population and key social groups. disagreement with a series of statements. This indicator The retention rate indicates the percentage of monitors the students’ impression of Overall Satisfaction commencing, domestic students who continue in their with their study experience. award course studies at Murdoch University from the Data is collected in the October and April following listed academic year to the next, excluding those who the completion of the graduate’s qualification. The graduate. The 2016 retention rate reflects those domestic results from the 2018 survey are Murdoch University’s students who commenced their studies in 2016 and were unpublished figures. In 2018, the number of graduates retained into 2017. This is the most recent year for which surveyed who provided valid CEQ responses was 797 with validated data is available through the Higher Education an overall Graduate Outcomes Survey response rate of Statistics Collection of the Department of Education and 46.0 per cent. The 95 per cent margin for error for 2018 is Training. The final retained value from 2018 into 2019 is 80.2 ± 2.8 per cent. unknown at the time of this report, because students are yet to complete unit enrolments, which may extend to the Murdoch University is currently at the national average for end of 2019. student satisfaction. The high target reflects our ambition to be in the top quintile nationally. Commencing student retention rate (Domestic Students) Overall Graduate Satisfaction (CEQ Scale) measured by Social Research Centre 2020 Target 82.2% 2016 Target Progress towards 2020 target 2020 Target 83.0 2016 Result 81.7% 2018 Target Progress towards 2020 Target 2018 Result 80.2

116 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Participation rate for non-traditional cohorts The most recent year for which validated data is available through the Higher Education Statistics Collection of the Murdoch University has built upon its existing suite of Department of Education and Training is 2017. This data linked pathways to raise support and facilitate inclusive has been used in the calculation of the indicators below. entry for school leavers and non-traditional students, strengthening the participation of these cohorts in higher Proportion of domestic students from education, and thereby improving lifelong economic non-traditional cohorts prospects. This indicator measures the effectiveness of the facilities and services put in place to assist students from Commencing Commencing students these cohorts. Undergraduate students The proportion of commencing Domestic undergraduate Regional students from low SES backgrounds is measured by the Low SES1 or Remote2 ATSI Students percentage of low SES students to total commencing 2020 Target 19.0% 13.0% 2.0% domestic undergraduate student enrolments. Low socio- Progress Progress Progress economic status (SES) is determined by the position of 2017 Target towards 2020 towards 2020 towards 2020 a student’s postcode of permanent home residence in a target target target socio-economic ranking compiled by the Australian Bureau 2017 Result 22.4% 13.5% 2.6% of Statistics using demographic and social data collected 1. Low SES is based on the students’ postcode of permanent home in the population census. The lowest quartile is classified residence. Students are classified as being Low SES if their permanent as low SES. Performance is calculated using Australian address is in an area in the bottom 25% of the 2016 SEIFA Education and Occupation Index for 15-64 year olds. Bureau of Statistics 2016 census data on socio-economic status of residential postcodes. Students from the low 2. Regional and remote categories are derived from 2016 ASGS classifications SES community generally face greater challenges to their university aspirations - financial burden and an unfavourable Commencing International onshore student load home learning environment being two examples. The academic future of universities is dependent on global The proportion of commencing Domestic students from connectedness and this is reflected in the Strategic Plan regional or remote areas is calculated based on students’ as a goal to extend our impact as a global university. postcode of permanent home residence mapped to This global outlook has begun to be realised, with strong regional/remote categories using the Australian Statistical growth in onshore international students, new and Geography Standard (ASGS) Volume 5-Remoteness renewed educational partnerships, and research outreach. Structure. The proportion is measured by the percentage The indicator is measured by the equivalent full time of commencing regional and remote students to total student load (EFTSL) of international fee-paying students commencing domestic students. who commenced their degree of study in the year at an Murdoch University has developed one of the most Australian campus. successful AIME (Australian Indigenous Mentoring Murdoch University has seen strong growth in onshore Experience) programs in WA. Murdoch student international students as a result of improved recruitment volunteers help their mentees achieve their goals in activities in several targeted countries and the University’s high school and successfully apply to university or gain International Welcome Scholarships. employment. The University has developed an award winning alternative entry program, K-Track, to provide a International Onshore Student Commencements (EFTSL) transformative pathway for Indigenous students to gain 2020 Target 840 entry. Together with the work of the Kulbardi Aboriginal 2018 Target Progress towards 2020 target Centre supporting indigenous students, these programs have resulted in Murdoch having the highest proportion 2018 Result 1,132 of Aboriginal or Torres Strait Islander students of any WA university. The proportion is measured by the percentage of domestic students commencing a degree in that year that self-identify as Aboriginal or Torres Strait Islander compared to total commencing domestic students.

117 KEY PERFORMANCE INDICATORS 2018

Research Outcomes Engagement income Expanding local and international collaborations will Effectiveness Indicators also expand mechanisms for supporting research that Total research income make the University resilient to external funding policy Murdoch has successfully consolidated its translational changes and adaptable to national and global needs. research capacity towards the strategic aim of positioning This will ensure that Murdoch is able to develop research the University as an internationally networked research areas while maintaining support for identified areas collaborator of choice in selected areas of global of excellence and emerging strength. To this end, the significance. Total research income increased 26.3 per Strategic Plan envisages that the University will apply our cent over 2016 to $28.6 million, with nationally competitive world-class translation research and capacity to innovate grants comprising $13.2 million of the total, up 37.8 per to collaborative research projects of global significance. cent on 2016. The Higher Education Research Data Collection (HERDC) The University continues to perform strongly in strategic Categories 2 to 4 cover Industry and other Research and research areas, including phenomics and personalised Development (R&D) income; Other public sector R&D medicine; primary food production and food security; income; and Cooperative Research Centre R&D income. resources, the environment and their management; and Each of these require external engagement to generate animal health and welfare. reportable research income, in some cases requiring co- investment that is leveraged to obtain Commonwealth In meeting its goal of providing life changing solutions Government funding. This indicator measures income to complex world challenges, Murdoch University has derived from industry engagement by aggregating strengthened interdisciplinary research programs. In research income across the HERDC Categories 2-4. Data particular, it has established three key research institutes for 2017 is reported as this is the most recent audited data across the interconnected themes of health futures, food available from the Department of Education and Training. futures and sustainable development. Research income is one indicator of performance Total Engagement Income in Categories 2-4 (HERDC) measuring the growth in research income across all 2020 Target $16,800,000 category types. The measure used is total income 2017 Target Progress towards 2020 target reported by the University in the Higher Education 2017 Result $15,423,096 Research Data Collection (HERDC) across Categories 1 – 4. Data for 2017 is reported as this is the most recent audited data available from the Department of Education and Training. While we are yet to achieve our 2020 target, Murdoch University continues to implement strategies to grow our research income. The University’s continuing strategic focus on key research themes is being recognised and rewarded with research funding success from government agencies and industry partners. The University expects that 2018 total research income will be in line with the 2020 target.

Total research income (HERDC Categories 1-4) 2020 Target $35,000,000 2017 Target Progress towards 2020 target 2017 Result $28,585,261

118 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Operational Outcomes Efficiency Indicator Consolidated - Operating Margin The Senate has ensured the University delivers on financial sustainability, while maintaining its educational and research excellence. The Operating Margin is a measure of the consolidated surplus which supports the University’s capital and strategic investment requirements. It is calculated as the consolidated surplus or deficiency as a percentage of total consolidated income. Murdoch University successfully increased income, particularly through international student income, while maintaining administrative efficiencies.

Consolidated Operating Margin 2020 Target >5% 2018 Target 0% 2018 Result 4.2%

119 KEY PERFORMANCE INDICATORS 2018

Characteristics of the Student Population Summary Statistics

Students 2014 2015 2016 2017 2018 Level Higher Degree Research 800 781 733 751 795 Higher Degree Coursework 1,625 1,557 1,528 1,613 2,343 Other Postgraduate 1,330 1,059 1,036 1,003 1,045 Undergraduate 20,185 19,684 19,690 19,665 19,739 Non-Award 202 163 166 199 173 Total 24,142 23,244 23,153 23,231 24,095

Broad Field of Study Agriculture, Environmental and Related Studies 398 295 227 170 149 Architecture and Building 1 1 1 1 0 Creative Arts 1,428 1,121 951 593 698 Education 2,297 1,974 1,788 1,922 2,039 Engineering and Related Technologies 658 645 641 577 567 Health 1,852 1,909 2,074 2,170 2,280 Information Technology 1,345 1,210 1,122 760 741 Management and Commerce 7,580 7,220 6,689 5,741 5,341 Natural and Physical Sciences 2,289 2,660 3,129 3,984 4,779 Society and Culture 6,092 6,046 6,365 7,114 7,328 Non-Award 202 163 166 199 173 Total 24,142 23,244 23,153 23,231 24,095

Student Load (EFTSL) 2014 2015 2016 2017 2018 Level Higher Degree Research 535 545 515 518 536 Higher Degree Coursework 958 952 958 977 1,441 Other Postgraduate 597 424 445 469 520 Undergraduate 14,203 13,536 13,690 13,190 13,516 Non-Award 107 68 62 71 53 Total 16,400 15,524 15,670 15,225 16,066

Broad Field of Study Agriculture, Environmental and Related Studies 228 157 104 80 72 Architecture and Building 0 0 0 0 0 Creative Arts 1,061 783 684 370 485 Education 1,456 1,234 1,159 1,302 1,405 Engineering and Related Technologies 459 455 447 409 375 Health 1,420 1,433 1,630 1,857 1,982 Information Technology 920 780 724 452 433 Management and Commerce 5,016 4,773 4,474 3,368 3,238 Natural and Physical Sciences 1,606 1,882 2,222 2,707 3,283 Society and Culture 4,127 3,960 4,163 4,610 4,740 Non-Award 107 68 62 71 53 Total 16,400 15,524 15,670 15,225 16,066

120 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Completions 2013 2014 2015 2016 2017 Level Higher Degree Research 97 93 113 142 119 Higher Degree Coursework 541 515 510 562 531 Other Postgraduate 1,425 1,187 740 548 536 Undergraduate 3,688 4,355 5,928 6,271 5,978 Total 5,751 6,150 7,291 7,523 7,164

Broad Field of Study Agriculture, Environmental and Related Studies 135 111 126 94 62 Architecture and Building 1 0 0 0 0 Creative Arts 451 497 595 520 440 Education 543 576 541 433 405 Engineering and Related Technologies 141 128 128 194 145 Health 362 344 363 366 363 Information Technology 274 320 599 572 510 Management and Commerce 2,299 2,633 3,082 3,335 2,935 Natural and Physical Sciences 372 330 360 512 649 Society and Culture 1,173 1,211 1,497 1,497 1,655 Total 5,751 6,150 7,291 7,523 7,164

Staff - Full Time Equivalence (FTE) 2014 2015 2016 2017 2018 Staff Function Teaching Only or Mainly 207 203 277 275 298 Research Only or Mainly 63 67 79 66 76 Teaching and Research 402 403 411 408 376 Other 31 10 16 15 19 Non-Academic 984 960 1,000 993 1,002 Total 1,686 1,644 1,783 1,757 1,771

Student Load (EFTSL) per Teaching Staff FTE 2014 2015 2016 2017 2018

Load/FTE Ratio* 18.0 16.6 14.9 16.4 18.1

*Excludes student load in offshore courses : 5,531 5,458 5,403 4,016 3,834

Notes: 2018 student data prior to HEIMS submission; staff data at year end Data based on Murdoch University’s reportable student load. Values are subject to student revisions and final quarter submission updates 2018 Completions are not yet final; figures will be presented in 2019 Annual Report The introduction of the new undergraduate curriculum in 2014 has resulted in some shifts in Broad Field of Education classification

121 KEY PERFORMANCE INDICATORS 2018

Equity Student Statistics

Broad Field of Study (Students) 2014 2015 2016 2017 2018

Aboriginal & Torres Strait Islanders Agriculture, Environmental and Related Studies 4 3 2 1 0 Creative Arts 4 3 1 0 7 Education 34 35 38 34 30 Engineering and Related Technologies 2 4 3 3 3 Health 20 25 29 34 36 Information Technology 2 2 1 0 0 Management and Commerce 13 15 15 15 14 Natural and Physical Sciences 24 23 30 52 61 Society and Culture 148 120 147 149 150 Non-Award 0 0 0 0 0 Total 251 230 266 288 301

Female Agriculture, Environmental and Related Studies 249 184 132 104 102 Architecture and Building 1 1 1 1 0 Creative Arts 841 663 574 361 361 Education 1,800 1,508 1,345 1,398 1,465 Engineering and Related Technologies 127 127 131 124 119 Health 1,368 1,459 1,626 1,695 1,738 Information Technology 237 230 240 180 303 Management and Commerce 4,341 4,108 3,821 3,208 2,953 Natural and Physical Sciences 1,294 1,469 1,683 2,042 2,324 Society and Culture 3,790 3,691 3,975 4,436 4,854 Non-Award 124 113 122 141 115 Total 14,172 13,553 13,650 13,690 14,334

Regional* Agriculture, Environmental and Related Studies 59 42 28 22 16 Architecture and Building 0 0 0 0 0 Creative Arts 42 23 7 4 32 Education 270 225 182 201 178 Engineering and Related Technologies 49 48 44 33 31 Health 158 170 185 171 171 Information Technology 23 8 3 2 1 Management and Commerce 90 81 70 73 59 Natural and Physical Sciences 254 282 310 344 353 Society and Culture 391 389 425 512 445 Non-Award 6 8 4 16 7 Total 1,342 1,276 1,258 1,378 1,293

* Data calculated using student’s permanent residential postcode to associate status using ABS 2011 Census data, except 2018, where 2016 Census data are used. Data based on Murdoch University’s reportable student load. Values are subject to student revisions and final quarter submission updates.

122 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Broad Field of Study (Students) 2014 2015 2016 2017 2018

Remote* Agriculture, Environmental and Related Studies 13 11 4 6 6 Architecture and Building 0 0 0 0 0 Creative Arts 3 2 1 1 1 Education 79 57 51 50 41 Engineering and Related Technologies 7 7 8 4 5 Health 13 16 24 20 22 Information Technology 4 2 1 0 0 Management and Commerce 21 24 23 17 16 Natural and Physical Sciences 46 46 52 65 65 Society and Culture 55 57 63 88 65 Non-Award 0 2 3 2 2 Total 241 225 230 253 223

Low Socio-Economic Status* Agriculture, Environmental and Related Studies 50 33 24 21 15 Architecture & Building 0 0 0 0 0 Creative Arts 68 45 24 11 75 Education 477 432 407 410 481 Engineering and Related Technologies 91 86 78 65 59 Health 420 455 474 485 527 Information Technology 64 43 26 13 10 Management and Commerce 196 199 214 184 187 Natural and Physical Sciences 331 385 486 560 650 Society and Culture 782 776 858 1,017 1,113 Non-Award 5 5 4 15 7 Total 2,484 2,459 2,595 2,781 3,124

Non-English Speaking Background** Agriculture, Environmental and Related Studies 8 9 8 3 3 Architecture & Building 0 0 0 0 0 Creative Arts 9 4 3 2 7 Education 34 27 30 30 25 Engineering and Related Technologies 45 41 46 47 33 Health 45 67 97 113 103 Information Technology 24 18 11 4 2 Management and Commerce 67 62 53 52 42 Natural and Physical Sciences 64 94 93 127 128 Society and Culture 120 117 122 148 131 Non-Award 11 13 6 7 2 Total 427 452 469 533 476

* Data calculated using student’s permanent residential postcode to associate status using ABS 2011 Census data, except 2018, where 2016 Census data are used. ** Recalculated in 2017 for prior years as requirement that arrival in Australia be in the last ten years had not been enforced correctly. Data based on Murdoch University’s reportable student load. Values are subject to student revisions and final quarter submission updates.

123 KEY PERFORMANCE INDICATORS 2018

Equity Student Statistics (continued)

Broad Field of Study (Students) 2014 2015 2016 2017 2018

People with a Disability Agriculture, Environmental and Related Studies 29 23 20 15 16 Architecture & Building 0 0 0 0 0 Creative Arts 53 46 27 19 49 Education 145 118 122 129 136 Engineering and Related Technologies 35 31 35 36 37 Health 104 113 126 113 130 Information Technology 39 29 27 17 12 Management and Commerce 104 99 86 99 87 Natural and Physical Sciences 199 240 322 381 388 Society and Culture 490 554 571 635 699 Non-Award 4 3 4 3 1 Total 1,202 1,256 1,340 1,447 1,555

Summary (Per cent of Population) Total Students Enrolled 24,142 23,244 23,153 23,231 24,095 Female 59.3% 58.9% 59.0% 58.9% 59.5%

Domestic Enrolled Students# 13,777 13,149 13,594 14,475 14,795 Aboriginal & Torres Strait Islanders 1.8% 1.7% 2.0% 2.0% 2.0% Regional 9.7% 9.7% 9.3% 9.5% 8.7% Remote 1.8% 1.7% 1.7% 1.7% 1.5% Low Socio-Economic Status 18.0% 18.7% 19.1% 19.2% 21.1% Non-English Speaking Background 3.1% 3.4% 3.5% 3.7% 3.2% People with a Disability 8.7% 9.6% 9.9% 10.0% 10.5%

# Domestic students are defined as students having a permanent residential postcode in Australia. Data based on Murdoch University’s reportable student load. Values are subject to student revisions and final quarter submission updates.

124 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Report of Operations

Commonwealth Grant Scheme and Load 2014 2015 2016 2017 2018

Funding Agreement Load (EFTSL)* Target 8,468 7,774 7,859 8,349 8,492 Actual 8,248 7,692 7,982 8,835 9,168

Difference (EFTSL) -220 -82 122 486 676 Difference (%) -2.60% -1.06% 1.56% 5.82% 7.96%

Undergraduate Target Load (EFTSL) Target 8,197 7,503 7,588 8,051 8,276 Actual 8,013 7,546 7,852 7,852 8,113

Difference (EFTSL) -184 43 263 -199 -163 Difference (%) -2.24% 0.57% 3.47% -2.48% -1.98%

Funding Sources Commonwealth Grants ($000's) 179,113 173,512 184,688 196,218 196,929 Commonwealth Grants (at 2018 prices) ($000's) 191,079 181,847 190,248 199,161 196,929

Outside Research Grants & Donations ($000's) 22,082 22,473 22,483 28,731 36,560

Commonwealth Grants per EFTSL (at 2018 prices) 23,166 22,558 23,140 22,210 21,481

Total Commonwealth Grants as a 53% 54% 53% 57% 53% Percentage of Total Income

External Research Funding (at 2018 prices)^ Number of Competitive Research Grants 117 131 118 111 120 Value of Competitive Research Grants ($000's) 10,700 10,624 9,819 16,584 17,919

Value of Non-Competitive Grants ($000's) 17,754 11,131 15,019 15,081 18,036

Total Research Grants ($000's) 28,455 21,755 24,838 31,665 35,956

Index 1.0668 1.0480 1.0301 1.0150 1.0000 Higher Education Indexation Number 1.1110 1.1309 1.1506 1.1677 1.1852

*Data based on Murdoch University’s reportable student load only. Values are subject to student revisions and final quarter submission updates. ^Research data aligns with Higher Education Research Data Collection (HERDC).

125 Other Disclosures

Major Capital Projects

Project Estimated total cost Estimated cost to Expected year of ($m) complete ($m) completion Australian National Phenome Centre and equipment 19.01 18.65 2019 South Street campus refurbishment / infrastructure 11.68 2.69 2019 Southern Metropolitan Crop Research Hub 6.96 6.54 2019 Information technology development and upgrade 6.48 2.01 2019

Our People People, values and culture It is the people of Murdoch University and their commitment that have shaped the progress made in 2018. In 2018 Murdoch University’s staff profile grew to 1,414 continuous and fixed term staff and 357 casual staff employed.

FTE Continuous Fixed Term Casual Total Academic 373 173 224 769 Professional 632 237 133 1002 Total 1,004 410 357 1,771

126 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Safety, Health and Wellbeing Equity, Diversity and Inclusion Murdoch University is a diverse and complex workplace We are about people, for people, irrespective of where all hazards are managed through the Safety, Health background and this commitment extends to our staff. and Wellbeing Management Plan. Overview of outcomes Key work undertaken to improve gender and Indigenous of the Plan for 2017-2018 include: equity across our workforce include: • 22 elected and trained Health and Safety • Finalisation of the Aboriginal and Torres Strait Islander Representatives throughout the University to Employment Strategy 2019-2021. The Aboriginal and proactively manage health and safety issues. Torres Strait Islander Employment Strategy aims to • Approximately 1,328 staff and students participated increase the representation of Aboriginal and Torres in the Influenza Vaccination Program and the Health Strait Islander staff from approximately 1 per cent to 3 Checks Program. per cent, over the duration of the Strategy. • More than 140 trained Mental Health First Aiders in • Murdoch University joined cohort 3 of the Science in place to support the University’s wellbeing initiatives. Australia Gender Equity, Athena SWAN accreditation Murdoch University has been awarded Silver program, to improve gender equity in STEMM areas. recognition from Mental Health First Aid Australia. The self-assessment process has so far resulted in numerous initiatives to improve gender equity • Receipt of Bronze recognition for wellbeing including the funding of specialised professional from Healthier Workplace WA for the successful development opportunities for female academics. implementation of a Workplace Health Program that assists employees to make positive lifestyle changes. • Early intervention approach applied to return to work Organisational Development plans for all compensable injuries during 2018. 2018 presented an opportunity to refresh and recalibrate the organisational development function. KPI 2016 2017 2018* Target • 2018 saw 130 individual programs comprised of 356 Lost Time Injury training hours with 1,430 attendances These courses Frequency Rate 1.08 0.32 0.84 0.60 had a satisfaction rating of 80 per cent Days Lost to HSW Incidents 620 351 492 90 • A major change management process commenced in Medical Treatment Injury mid-2018, involving significant review and consultation (MTI) 16 19 24 8 initiated by the realignment of the academic areas of Physical Injury Claims 25 38 32 0 Murdoch University. Psychological Injury • Launch of the new Contribution Development Claims 3 3 4 0 Review, supported by the ‘Enabling Conversations’ No. of Notifications program to support staff and supervisors in feedback (Worksafe) 10+ Days 4 4 6 0 conversations. No. of Improvement Notices (Worksafe) 0 1 1 0

127 OTHER DISCLOSURES

HR Systems and Projects Records Management Award Interpreter Developed Murdoch University is required to report on strategies for ensuring staff compliance with the University’s In acknowledging effective systems and processes there recordkeeping plan. Under Section 61 of the State are essential building blocks to ensure Murdoch’s future Records Act 2000, the State Records Commission (SRC) success; the lead up to certification of the Murdoch is responsible for establishing principles and standards University Enterprise Agreement 2018 (MUEA2018) to govern record keeping by government organisations. provided opportunity for the People and Culture Office to The following information is provided in accordance with develop an Award Interpreter. The Timesheet and Claims Principle 6 of SRC Standard 2: Recordkeeping Plans. Application determines the appropriate penalty rate a Professional member of staff will be paid in accordance Following a review of the University’s Recordkeeping Plan with Enterprise Agreement business rules and ensures the and the efficiency and effectiveness of its recordkeeping University is in compliance with the MUEA2018. systems in 2017, an amended Recordkeeping Plan was submitted to the State Records Office on 19 April 2018. SAGE Pay Gap Analysis The State Records Commission subsequently approved In conjunction with the Office of Strategy, Quality and the amended Recordkeeping Plan on 10 August 2018 for a Analytics, HR Systems provided information to assist period of five years. The University’s recordkeeping policies, with the development of data sets showing trends over guidelines, procedures, disposal arrangements and disaster a six year period. The suite of reports were developed plan were also reviewed and updated during 2018. to inform SAGE reporting on how Murdoch can work The University conducts an online recordkeeping towards closing the gender pay gap, increase Aboriginal awareness-training course for its staff. The self-paced employment across the workforce as well as other training addresses staff responsibilities under the State opportunities to increase female representation. Records Act 2000 including the creation, capture, access, Ascender Upgrade management and disposal of records, confidentiality and privacy issues, and security considerations. Training A major project was delivered when Ascender Pay was course completions are recorded in the staff development upgraded on the 12th November. This upgrade ensures and training management system. Staff are required to the University meets the Higher Education Services undertake refresher training every two years. sublicensing agreement without incurring extended support fees. Whilst the upgrade did not deliver new The training program serves the following aims: functionality, payroll processing times have been reduced 1. Raise staff awareness of their responsibilities under by two thirds. the State Records Act 2000 and other applicable legislation; and Employee Relations 2. Raise the overall standard of recordkeeping at Staff overwhelmingly supported the Murdoch University the University. Enterprise Agreement 2018 (MUEA) with an 85 per cent The recordkeeping awareness-training course is reviewed ‘Yes’ vote in March 2018. The MUEA was approved by the annually to maintain its currency and relevance. Fair Work Commission and came into effect on 10 August 2018. All new staff are enrolled in the recordkeeping training course. In addition, information about recordkeeping • The MUEA is a significant departure from the requirements is provided during the induction of previous Enterprise Agreement and a comprehensive a new employee. implementation program was undertaken to identify practice and compliance issues with customised The University will be undertaking a cloud-based pilot solutions developed. project implementation of HPE Content Manager during 2018/19 in the University Secretary’s Office and the • Training packages on the revised timesheet claims Office of the Vice Chancellor. The EDRMS deployment is application system were delivered and new policies expected to provide strong support for the University’s and procedures developed to support the MUEA. administrative operations and deliver improvements in the management of its records and information.

128 MURDOCH UNIVERSITY ANNUAL REPORT 2018 Pricing policy statement Freedom of Information The University’s Pricing Policy for its educational programs This year Murdoch University received seven applications is consistent with the Commonwealth Government’s (three of which are current) and three third party policies on Australian domestic undergraduate and consultation requests under Freedom of Information postgraduate coursework students and international legislation. A further four requests did not meet the fee-paying students. Details of the University’s prices are requirements of a valid application under the legislation available on the University’s website. and did not progress, and two applications were withdrawn. In addition, the University received two requests for information that could be provided outside Governance disclosures of the Freedom of Information process. Of the 2018 Impact of legislation applications, none have progressed to an internal review. One 2017 application proceeded to internal review in 2018. There have been no amendments to legislation to which Three applications outstanding from the previous year the University is subject which could have had a material were finalised in 2018, including the 2017 internal review. impact on the University’s operations. No applications went to external review.

Insurance of officers Media and advertising expenditure During the financial year, the Group has paid Section 175ZE of the Electoral Act 1907 requires the insurance premiums of $26,590 in respect of University to include a statement in the Annual Report directors’ and officers’ liability, for current and setting out details of expenditure incurred by the University former directors and officers, including executive during the financial year in relation to advertising agencies, officers and secretaries of controlled entities. direct mail organisations, media advertising organisations Insurance premiums relate to: and market research organisations. • costs and expenses incurred by the relevant directors The total expenditure incurred by the University during the and officers in defending proceedings; and 2018 financial year on those organisations was $3,075,464. • other liabilities that may arise from their position, with The classes of organisation, the names of the the exception of conduct involving a wilful breach of organisations within the class and the total expenditure for duty or improper use of information or position to gain the class were as follow: a personal advantage. Advertising Agencies $662,426

Complaints handling J Walter Thompson Getting Hectic Murdoch University strives for excellence in its dealings with staff, students and the broader community. However, Media Advertising $2,123,638 on occasion, it may receive negative feedback or people Initiative Media express dissatisfaction or displeasure with an experience and lodge a complaint. Benchmarketing Equilibrium Interactive The University is committed to ensuring that all complaints are handled effectively and efficiently in a process that is Isentia supported by our Complaints Management Policy and is Junkee Media accessible, impartial, confidential, equitable and sensitive. Complaints are managed with respect for all parties Market Research involved and procedural fairness. Taylor Nelson $289,400 Processes are in place such that members of staff, students or the public can lodge a complaint with the University.

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