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Audit and Risk Committee

The Audit and Risk Committee provides independent assurance and assistance to the Council in relation to the university’s risk, control and compliance framework, and its external accountability responsibilities.

2020 meeting dates

Thursday 6 February
Tuesday 31 March
Tuesday 19 May
Tuesday 21 July (reserve)
Monday 21 September
Tuesday 3 November

Time: meetings commence at 10am


Position Member Current term 
Chair Michelene Collopy 1 November 2018 to 31 October 2020
Council Member Catherine Livingstone, AO 1 November 2018 to 31 October 2020
Council Member (who is also a member of the Finance Committee) Diane Hill 27 November 2019 to 31 October 2020
External Member Chris Westworth 1 November 2018 to 31 October 2020
External Member Terry Rooney (resigned as of 6 February 2020) 1 November 2018 to 6 February 2020

Positions on the committee are in accordance with its composition.

Committee contact

Richard Birrell
Deputy Director (Corporate Governance) and
Deputy University Secretary
Tel: 02 9514 1249

Terms of reference

A. The primary responsibility of the Committee is to assist Council in overseeing the activities undertaken by the UTS body corporate and, from time to time, other related entities as requested by Council.

B. The Committee shall:

  1. assist Council in discharging its responsibility to exercise due care and skill in relation to UTS’s risk, control and compliance framework, and its external accountability responsibilities
  2. ensure an independent and effective internal audit program is delivered
  3. liaise with the external auditor to ensure effectiveness of the external audit
  4. monitor management’s responsiveness to the findings and recommendations of b) and c)
  5. consult with the Finance Committee, External Auditor and the Internal Auditor on the auditing of the university’s accounts and the outcomes of those audits;
  6. review and make recommendations to Council on the annual financial statements and other relevant documents, taking note of the comments of the Finance Committee
  7. review the Risk Management Policy at least biennially and oversee the university’s effectiveness in managing its financial and business risks, including fraud;
  8. review litigation where feasible and practicable, which management believes is likely to have a material effect on financial affairs or reputation.

C. The Committee may report to Council on any matter, however shall at least advise Council on items b), c) and d) above.

D. The Audit and Risk Committee may request and/or receive advice from management or Committees to enable it to conduct its specific function of broadly monitoring UTS risk.

E. The Audit and Risk Committee may request information from Council or be requested by Council to consider any matter (which may or may not be relevant to other Committees).

F. The Committee operates under a formal Charter.


The UTS Audit and Risk Committee Charter (185kb PDF) sets out the committee’s objectives, authority, composition and tenure, roles and responsibilities, reporting and administrative arrangements.

The Internal Audit Charter (598kb PDF) sets out the roles, responsibilities, standards of practice and reporting requirements of the university’s Internal Audit function.


The Audit and Risk Committee consists of the following positions:

  • Chair: an external member of Council, appointed for expertise in audit and risk
  • At least three, but no more than five, other members, of whom:
    • all should have strategic management expertise and experience in accounting, auditing or risk
    • up to two should be members of Council with qualifications and experience related to the operations of the university
    • at least one should be a member of the Finance Committee (whether or not they are also a member of Council)
    subject to the majority of committee members being independent.