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Controlled entities

In 2019 the University had two controlled entities overseen by the Finance Committee and Council: ANU Enterprise Pty Ltd; and ANU (UK) Foundation.

ANU Enterprise Pty Ltd

ANU Enterprise is a wholly owned company of the University, established in 1979. It is staffed by 240 employees and currently operates three businesses: Business Development & Project Management Services for ANU; Australian Scientific Instruments Pty Ltd; and The Social Research Centre Pty Ltd. ANU Enterprise also has an overseas incorporated entity in Papua New Guinea (PNG), ANU Enterprise Limited, which enables its Project Management Services to be conducted in PNG, ensuring taxation and regulatory compliance. ANU Enterprise Pty Ltd is governed by a board with a mix of senior ANU staff and independent external directors with appropriate skills and experience in business, governance, contract research, accounting and higher education.

ANU Enterprise Pty Ltd provides Council and the Finance Committee with an annual business plan and proposed budget, and quarterly reports on financial performance and other operational matters. ANU Enterprise Pty Ltd is audited by the Australian National Audit Office as required by the PGPA Act.

ANU (UK) Foundation

The ANU (UK) Foundation, constituted in England and Wales, operates for the purpose of facilitating, on behalf of ANU, grants, donations and bequests, in alignment with the strategies of the University, which may arise in the United Kingdom. The foundation is governed by a board comprising a mix of senior ANU staff and independent external directors with appropriate skills and experience in business, development, accounting and higher education.

The foundation is incorporated in England and Wales and is entitled to an exemption from the requirement to have an audit in England and Wales under the provisions of section 477 of the Companies Act 2006 (UK). The foundation’s financial report is prepared in accordance with the special provisions for companies subject to the small companies regime within Part 15 of the Companies Act 2006 (UK). The ANAO does not audit the foundation’s accounts because the foundation is not an Australian-based entity.

The foundation provides Council with annual Directors and trustees reports and financial statements. Accounts are prepared by an independent accountant.