Remuneration Policy for CQUniversity Council and Committees:

School: Central Queensland University - Course: MEDS 13008 - Subject: Accounting

COUNCIL REMUNERATION POLICY CONTENTS 1PURPOSE.............................................................................................................................................................1 2SCOPE..................................................................................................................................................................1 3POLICY STATEMENT..........................................................................................................................................1 Remuneration determination.................................................................................................................................1 Remuneration payments.......................................................................................................................................2 Enterprise agreement............................................................................................................................................3 Insurance..............................................................................................................................................................3 Financial advice....................................................................................................................................................3 External employer approval..................................................................................................................................3 Chancellor additional benefits...............................................................................................................................3 Deputy Chancellor additional benefits..................................................................................................................3 Council member additional benefits......................................................................................................................3 4RESPONSIBILITIES.............................................................................................................................................4 Compliance, monitoring and review......................................................................................................................4 Reporting...............................................................................................................................................................4 Records management...........................................................................................................................................4 5DEFINITIONS.......................................................................................................................................................4 6RELATED LEGISLATION AND DOCUMENTS....................................................................................................4 7FEEDBACK...........................................................................................................................................................4 8APPROVAL AND REVIEW DETAILS...................................................................................................................5 9APPENDIX 1: Remuneration schedule.................................................................................................................6 1PURPOSE 1.1This policy provides for the remuneration of members of CQUniversity'sCouncil and specified Council sub- committees. 2SCOPE 2.1This policy applies to members of the University Council (excluding the Vice-Chancellor and President) and external members of the following Council sub-committees: Audit, Risk and Finance Committee Strategic Planning and Projects Committee. 3POLICY STATEMENT Remuneration determination 3.1The University has the express power to remunerate members of the University Council. 3.2A resolution of Council (passed by a two-thirds majority of Council members in attendance) is required to approve the payment of remuneration for Council members and external members of the specified sub- committees of Council. 3.3Council unanimously resolved at its 6 December 2016 meeting that remuneration be paid to all CQUniversity Council members, excluding the Vice-Chancellor and President, effective 1 January 2017.
Council Remuneration PolicyEffective Date: 03/01/2023 Reference Number: 3078Page 2 of 6 Once PRINTED, this is an UNCONTROLLED DOCUMENT. Refer to Policy Site for latest version. CQUniversity CRICOS Provider Code: 00219C3.4A resolution of Council (passed by a two-thirds majority of Council members in attendance) on 14 February 2018 determined that the timing and quantum of remuneration to be paid to Council members be linked with higher education employee pay rises. 3.5Council members will receive the same quantum of increase as awarded to higher education employees, with increases to occur from the date that higher education employees receive their increase. 3.6Remuneration is payable to members of the University Council, excluding the ex-officio position of Vice- Chancellor and President. 3.7Remuneration of Council members is in recognition of all associated activities and functions related to Council membership, including attendance at functions, graduation ceremonies, reading and preparation for Council, sub-committee and ad-hoc committee meetings, and travel time. 3.8Remuneration of external members of the Audit, Risk and Finance Committee and Strategic Planning and Projects Committee is in recognition of all associated activities and functions related to sub-committee membership, including reading and preparation for meetings and travel time. 3.9Reviews of remuneration amounts separate to the increases provided through sections 3.4 and 3.5 must include consideration of the outcomes of an external review of remuneration amounts and relevant external reference points. 3.10Council may choose to reduce the level of remuneration.

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