The purpose of this document is to provide information that is commonly required when the University responds to tenders.
University Legal Name
The Statutes Amendment (Universities) Bill 2016 was debated and passed by the Legislative Council on the 28 September 2017 to change our name from "The Flinders University of South Australia" to "Flinders University".
The University was established in1966.
Other Registered Business Names - (these are part of the University and are not separate legal entities). If you require assistance with business name registration please email firstname.lastname@example.org
|Flinders Vision||Optometry||Nursing and Health Sciences|
|Southgate Solutions||Flinders Prevention, Promotion and Primary Health Care||Medicine and Public Health|
|Flinders University Hearing Services||Audiology||Nursing and Health Sciences|
|Flinders University Psychology Clinic||Psychology||Education, Psychology and Social Work|
|Centre for Remote Health||Medicine||Medicine and Public Health|
|South Australian Academy of the Arts||Arts||Humanities, Arts and Social Sciences|
|South Australian Academy of Creative Arts||Arts||Humanities, Arts and Social Sciences|
University Corporate Status
Flinders University is a body corporate established by an Act of the South Australian Parliament. http://www.flinders.edu.au/about/governance/university-legislation/
Flinders University of South Australia Act 1966 link
Under the Commonwealth Government's ABN Lookup website link the University is listed as an "Other Incorporated Entity". This is defined as "Other incorporated entity includes an entity that has the same characteristics as a company but is not incorporated as a corporation's law company".
Flinders University of South Australia Act is analogous to a company constitution. As the University is not a company it does not have an Annual General Meeting (AGM).
The University has no shareholders and pays no dividends. Surpluses achieved are fully reinvested into the University.
The University's Australian Business Number (ABN) is 65 542 596 200.
The University is NOT a company, partnership, association or trust. As it is not a company, it is not registered with ASIC. It does not have Pty or Ltd after its name as it is not a company. However the University has full corporate powers.
The University is a not-for-profit entity. It is an income tax exempt charity (ITEC) and a deductible gift recipient (DGR). This means that donations of $2 or more are tax deductible to the donor.
Below are copies of the University's ABN registration and Charity Tax Concessions registered certificates, however this does not prove that Flinders University has the tax status as of now. Go to http://abr.business.gov.au/ and enter Flinders University to look at the official government statement update.
Flinders University was registered with the Australian Charities and Not-for-Profits Commission on 3 December 2012.
The University is not a Public Benevolent Institute (PBI).
Is Flinders University registered for VAT? No, Flinders University is registered for Australian GST.
If you are not registered for VAT, are you obliged to charge any other local taxes/charges? Flinders University is obliged to charge Australian Goods and Services Tax (GST) where applicable at the rate of 10%.
Key Financial Data
Annual Financial Statements
Annual Reports, including annual financial statements are at -
|Cash & Investments||129.6||106.9||128.3||230.5||225.6|
|Property, Plant and Equipment||618.6||603.2||556.8||444.2||397.9|
The University works on a calendar financial year (1/1 to 31/12). The Annual Financial Statements for the previous year are not approved until Council meets in May the following year and after which the statements are reviewed and signed off by the Auditor General. The University is required to have Annual Financial Statements completed by 30 June.
The annual financial statements are audited by the South Australian Auditor-General Department, 9th Floor, State Administration Centre, 200 Victoria Square, Adelaide, South Australia.
The University's internal audit is outsourced to KPMG.
The University is the parent entity. The corporate structure is shown in the attached diagram.
The 2016 financial statements Note 35 Subsidiaries and Note 36 Jointly controlled operations and assets, provides the nature of business for each entity.
The University has a comprehensive insurance program in place as part of its risk management. Key policies include:
- Industrial Special Risks (ISR) (property insurance), sum insured limit $1.7b
- Public Liability Insurance, sum insured $250m, excess $5,000
- Professional Indemnity Insurance, sum insured $20m any one loss, $60m in aggregate, excess $5,000
These Insurance Certificates of Currency are to be used only for the tender process.
General and Product Liability Protection Insurance 2017-2018.pdf (PDF 115KB)
Property Insurance 2017-2018.pdf (PDF 117KB)
Certificate of Currency University Combined Liability 2017-2018.pdf (PDF 244KB)
If certificates for other than the tender process are required email email@example.com as the certificates may not automatically cover every situation. In some cases we need to make new disclosures to the insurer.
Annual insurance coverage is for the period 1/11 to 31/10.
In South Australia the University is a Self Insured Employer under ReturnToWork(SA) which means that we cover all our workers compensation costs. ReturnToWork(SA) does not issue a certificate but they carry out regular audits to ensure that the University is meeting the required Performance Standards to enable continued self insurance.
The University has in place excess of loss insurance cover.
University staff employed in other states are covered by separate workers compensation insurance companies as required by the relevant authorities in each state.
University authorised signatories for contracts are listed in the Delegation of Authority to Enter into Contracts Policy.