Status and Details

This page contains information about the status, approval and a summary of the changes from the previous version of the document. Please note that the Unit Head listed on this page is the current owner of this policy and may not reflect the University position/staff member who owned this policy at the time of publication.

Commercial Activities Guidelines

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Status	Historic	Indicates if this version of the document is in effect (Current), yet to come into effect (Future), or expired (Historic).
Effective Date	25th October 2021	This is the date on which this version of the document came into effect.
Review Date	25th October 2026	The next review of this document is scheduled to commence on this date.
Approval Authority	Board of Trustees	The noted authority approved this is version of the document.
Approval Date	22nd October 2021	This is the date on which this version of the document was approved by the authorised authority.
Expiry Date	13th December 2021	This is the date on which this version expires. It may still apply, conditionally, after this date.
Unit Head	Bill Parasiris Vice-President, Infrastructure and Commercial 45701859	This is the officer generally responsible for day to day administrative matters.
Enquiries Contact	Gregory Webber Commercial Manager 45701852	General enquiries should be directed to the officer/area listed.

Summary of Changes from Previous Version

The Commercial Activities Guidelines (approved by the Board of Trustee on 6 October 2021 resolution 6/10/2021:14) includes the following amendments: - Clarifying responsibility of the managing unit (responsible officer) and ongoing governance - Ensuring timely updates to the Commercial Register - Clarifying delegation of authority ensuring the financial delegate does not approve a commercial activity that they sponsor - Creating flexibility on the Proposal requirements proportionate to risk and income/expenditure value - Revision to ongoing controls (section 10) including connection to established WSU Policy and process (for example the Procurement Policy) to enable timely review of funds expended too quickly/overbudget, or where KPS’s are not delivered as expected by the original business case/Procurement Plan. - Further define what constitutes a Commercial Activity, including their effect on research activities. It is proposed that the Guidelines apply to teaching or Research activities conducted outside of Australia, Contract Research where the University does not own all of the Intellectual Property; and an arrangement of any description where the University contributes funds (including Research projects)

Clauses Amended:Guidelines: 6, 11, 12, 15, 20 - 31, Section 4