Victorian Consolidated Legislation

Melbourne University Act 1958 - SECT 40B

Formation of and participation in companies, joint ventures etc.

40B. Formation of and participation in companies, joint ventures etc.



(1) If, in the opinion of the council, it is in the interests of the
management or conduct of the affairs or concerns of the University to do so,
the University may-

   (a)  be a member of a company, association or partnership;

   (b)  form, or participate in the formation of, a company, association or
        partnership; or

   (c)  enter into a joint venture with another person or persons-

the objects, activities or purposes of which include one or more of the
following objects, activities or purposes-

   (d)  providing facilities or services for study, research or education;

   (e)  undertaking research, development, consultancy or other services for
        commercial organizations, public bodies or individuals;

   (f)  aiding or engaging in the development or promotion of university
        research or the application or use of the results of such research;

   (g)  preparing, publishing, distributing or licensing the use of literary
        or artistic work, audio or audio-visual material or computer software;

   (h)  seeking or encouraging gifts to the University or for University
        purposes;

        (i)    promoting or assisting drama, music, or the visual arts.

(2) In this section a reference to a company, association, partnership or
joint venture includes a reference to a company, association, partnership or
joint venture formed or entered into whether in or outside Victoria but does
not include a reference to a limited company within the meaning of the
Corporations Act that is taken to be registered in Victoria or any other
company, association, partnership or joint venture formed or entered into, or
that could have been formed or entered into, by the University before the
commencement of section 9 of the Melbourne University (Amendment) Act 1985
under and in accordance with this Act as in force before the commencement.

(3) If the University does any of the things mentioned in subsection (1)(a),
(b) or (c), the University, must within 30 days after doing so, notify the
Minister of the name or description of the company, association, partnership
or joint venture and the reasons the Council decided the membership, formation
or participation or entry into the joint venture was required.