Outlines the University’s requirements for registration of trading names and membership of corporations, partnerships and joint ventures including controlled entities.
Who is it for?
This policy applies to the RMIT Group.
1.1. The registration of a business name for the purposes of University business must be authorised in accordance with the Trading names and company formation policy process.
1.2. The General Counsel is responsible for the development and monitoring of the Trading names and company formation policy process.
1.3. The Vice-Chancellor’s Executive (VCE) approves applications for the registration of a business name.
1.4. Legal Services will maintain a register of University Business Names which will be updated upon being provided with details by VCE.
2.1. The VCE approves applications for registration of a trade mark.
2.2. Legal Services will maintain a register of University Trade Marks which will be updated upon being provided with details by VCE.
3.1. Membership/shareholding in a corporation (whether a wholly-owned subsidiary or otherwise) or entry into a joint venture must be approved by VCE and otherwise be in accordance with the requirements of the Guidelines Concerning Commercial Activities approved by the Minister under the Royal Melbourne Institute of Technology Act 2010.
3.2. The VCE member responsible for membership of a corporation or joint venture is responsible for the appointment, oversight and management of any RMIT-nominated board members.
3.2.1. RMIT-nominated board members must be able to demonstrate appropriate expertise or experience.
4.1. Council will oversee and monitor systems for control and accountability of controlled entities, including investments, constitutional amendments, winding up or otherwise terminating its involvement in a controlled entity.
4.2. Boards of controlled entities shall be responsible to the University for the controlled entity’s performance.
4.3. The composition of boards of controlled entities will be determined by Council on the advice of the Nominations, Remuneration and People Committee of Council.
4.4. Council will appoint and terminate the appointment of chairs of governing bodies of controlled entities.
4.5. The constituting documents of a controlled entity will provide for the appointment of members of the governing body by the Council in such proportion as may be desirable or necessary.
4.6. The Chief Executive Officer of a controlled entity must not be a director (or equivalent title) of the entity’s governing body unless required by local regulation.
4.7. The Chief Executive Officer will be appointed by the University on the recommendation of the board of the controlled entity.
Staff should refer to Trading names and company formation on the WorkLife policy site for more information.
Status & details
Custodian: Chief Operating Officer
Operational responsibility: Legal Services Group
Effective from: 10 August 2017
Last updated: 10 August 2017