TED C L T A R 2012 ANNU REPO GLOBAL URBAN CONNE RMIT UNIVERSITY » ANNuaL REPOrt 2012 » GLOBAL / URBAN / CONNECTED www.rmit.edu.au OBJECTS OF RMIT UNIVERSITY Office of the Chancellor Dr Ziggy Switkowski Extract from the RMIT Act 2010: GPO Box 2476 Melbourne VIC 3001 The objects of the University include: Australia (a) to provide and maintain a teaching and (f) to use its expertise and resources to involve Tel. +61 3 9925 2008 learning environment of excellent quality Aboriginal and Torres Strait Islander people Fax +61 3 9925 3939 offering higher education at an international of Australia in its teaching, learning, research standard; and advancement of knowledge activities (b) to provide vocational education and training, and thereby contribute to: further education and other forms of (i) realising Aboriginal and Torres Strait 14 March 2013 education determined by the University to Islander aspirations support and complement the provision of (ii) the safeguarding of the ancient and higher education by the University; rich Aboriginal and Torres Strait Islander (c) to undertake scholarship, pure and cultural heritage; applied research, invention, innovation, (g) to provide programs and services in a way education and consultancy of international that reflects principles of equity and social standing and to apply those matters to justice; the advancement of knowledge and to the benefit of the well-being of the Victorian, (h) to confer degrees and grant diplomas, The Hon Peter Hall MLC Australian and international communities; certificates, licences and other awards; Minister for Higher Education and Skills (d) to equip graduates of the University to excel (i) to utilise or exploit its expertise and 2 Treasury Place in their chosen careers and to contribute to resources, whether commercially or EAST MELBOURNE VIC 3002 the life of the community; otherwise. (e) to serve the Victorian, Australian and international communities and the public Dear Minister interest by: (i) enriching cultural and community life In accordance with the requirements of regulations under the Financial Management Act (ii) elevating public awareness of 1994, I am pleased to submit for your information and presentation to Parliament the Annual educational, scientific and artistic Report of RMIT University for the year ended 31 December 2012. developments (iii) promoting critical and free enquiry, The Annual Report was approved by the Council of RMIT University on 6 March 2013. informed intellectual discourse and public debate within the University and in the wider society; Yours sincerely Dr ZE Switkowski Chancellor Published by: RMIT University Engagement Building 22, Level 2 330 Swanston Street Melbourne GPO Box 2476 Melbourne VIC 3001 Australia Tel. +61 3 9925 2000 ABN: 49 781 030 034 CRICOS Provider No: 00122A Project manager and editor: Pauline Charleston Design layout and production: Narelle Browne, Leon Powell, Vince Lowe Cover image: RMIT Design Hub, Earl Carter RMIT University’s 2012 Annual Report and previous reports are available online at: www.rmit.edu.au/about/annualreport 13007 0313 RMIT UNIVERSITY » ANNUAL REPORT 2012 97 CONTENTS Letter of Transmittal 2 Financial Statements Organisational Overview Certification of TAFE Key Performance Indicators 36 Mission, Vision, Goals and Values 4 Attestation on Compliance with Risk Management Standard 36 Chancellor’s Statement 5 Declarations 37 Vice-Chancellor’s Statement 6 Independent Auditor’s Report 38 About RMIT 7 Independent Auditor’s Report on TAFE Key Performance Indicators 39 Senior Officers 8 Income Statement 40 Academic Schools and Research Institutes 10 Statement of Comprehensive Income 40 Organisational Chart 11 Statement of Financial Position 41 Statistical Snapshot 12 Statement of Changes in Equity 42 Financial Performance 13 Statement of Cash Flows 43 Contents to the Notes to the Financial Statements 44 Report of Operations Notes to the Financial Statements 45 Global 15 Balance Sheet for the Years 2012 to 2008 inclusive 95 Urban 18 Income Statement for the Years 2012 to 2008 inclusive 96 Connected 20 Objects of the University 97 Students and Staff 22 Sustainability and Resource Usage 24 University Governance Governance 25 Council Members 26 Council Committees 27 Statutory Reporting 28 Risk Management and Internal Audit 29 RMIT Subsidiaries 30 RMIT Associated Entities 31 Consultancies 32 Compliance Index 33 RMIT UNIVERSITY » ANNUAL REPORT 2012 3 MISSION, VISION, GOALS AND VALUES Mission of RMIT University The University brings knowledge within reach through education and research to enrich and transform the futures of individuals, cities, industries and nations. RMIT’s Vision to 2015 RMIT will be a global university of technology and design. As a university of technology and design, RMIT will focus on creating solutions that transform the future for the benefit of people and their environments. We will collaborate with partners to ensure the global impact of our education and research, and we will reach out through our presence in cities across the world to make a difference. Goals To achieve our vision, we will be: 1. Global in attitude, action and presence, offering our students a global passport to learning and work. 2. Urban in orientation and creativity, shaping sustainable cities and drawing inspiration from the challenges and opportunities they provide. 3. Connected through active partnerships with professions, industries and organisations to support the quality, reach and impact of our education and research. Core Values Fair Committed to making a difference Creative » Learning opportunities support a diverse » Our graduates are creative, skilled, highly RMIT creates opportunities for students » range of students, including those who employable and purposeful. and staff to explore, test and fulfil their may be disadvantaged. potential. » Knowledge and skills developed in our » Respect for Indigenous cultures is students and staff serve the needs of Imaginative curriculum and research » reflected in our work. and bring benefits to individuals, cities, solutions are sought, applied and industries and nations. rewarded. » Intellectual freedom and tolerance are nurtured and debate encouraged. » Our staff are constructive and agile in RMIT fosters a creative and inventive » meeting the needs of individuals, cities, culture which values achievement. » A physically, culturally and socially safe work and study environment is provided industries and nations. Connected for all staff and students. » Students’ aspirations, experience and » Ethical, honest and open dealings needs are central to evaluating our characterise relationships with students, performance and shaping improvement. staff and partners. » Industry and community are active Passionate partners in our education and research. » Building enthusiasm and a sense of Global networks formed around » achievement in our students and staff is knowledge, industries and cities underpin a high priority. our operations. » Excellence in teaching, scholarship, Collaboration and team work is » research and service is rewarded and encouraged and a sense of belonging for supported. students and staff is supported. » Cultural and social diversity is encouraged and celebrated. RMIT UNIVERSITY » ANNUAL REPORT 2012 4 CHANCELLOR’S STATEMENT Education is returning as a key issue on the national agenda. Having world-class institutions at all Then follows Australia’s biggest graduation The Council of RMIT University is also levels is critical – from early childhood event at Etihad Stadium, where more changing with the times. A number of learning through K-12 schooling, than 6,000 graduates from 24 academic long-serving members retired during the vocational education and training, higher schools celebrate their achievements year and the State Government then education and lifelong learning. It’s vital in front of 27,000 family members and legislated to exclude elected staff and for the success of our economy, the friends. This ceremony emphasises the students from automatic membership of esteem of our citizens, and to underpin a international diversity of our student body, the Council. From a peak of 22 members, progressive society. the range of our academic programs, the Council is now at 11 with some With its pathways programs, VET and the excellence of our graduates, and rebuilding expected ahead. higher education, RMIT University that RMIT thinks big and enthusiastically I am very grateful to all Council members understands this. Its students – in celebrates important milestones. for their many contributions, diligent Australia, Vietnam, Germany, China, This past year has seen the successful efforts and collegial spirit in support of the Malaysia, Singapore and India – qualify completion of important facilities, the University. with degrees, diplomas and certificates Design Hub and the Swanston Academic Finally, on behalf of the Council, I would recognised and valued globally. As Building. The colonisation by our students like to thank the Vice-Chancellor, Professor employers around the world demand of the northern boundary of the City Margaret Gardner AO, and her executive diverse and contemporary skills, our of Melbourne continues and our plans team. Under her leadership, the University graduates are known to be job-ready. anticipate further investment in this sets and frequently beats ambitious Our academic standings are monitored precinct. academic and commercial goals, even and goals set to improve our rankings in The RMIT footprint is expected