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B/5.2 Vice-Chancellor’s Performance Fund |
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5.2.1 Principles 5.2.1 PrinciplesThe Vice-Chancellor's Performance Fund aims to acknowledge and reward the outstanding achievement of academic and professional staff by providing performance awards. The Vice-Chancellor’s Performance Fund enables recognition of staff who have made a superior contribution in a particular area of activity. Vice-Chancellor’s Performance Fund awards are offered annually, with funds provided by the Vice-Chancellor and deployed to faculties and divisions based on the number of full-time equivalent staff employed. An advisory committee within each faculty and division considers nominations and makes recommendations to the executive dean of faculty / head of division. An open call for nominations will occur mid-year once the recipients of the Vice-Chancellor’s Awards for Excellence (see B/5.1) have been announced at the annual ceremony. The timetable for consideration of nominations is to be advertised in each faculty or division. Award guidelines and nomination procedures are available on the Human Resources website. Unless otherwise approved by the Vice-Chancellor, at least 50% of the Vice-Chancellor’s Performance Fund will be directed to the recognition of outstanding frontline teaching and learning, or the direct support thereof. 5.2.2 Criteria and eligibility for Vice-Chancellor’s Performance Fund awardsVice-Chancellor's Performance Fund awards recognise outstanding achievement by staff over a specified review period or over the past twelve months. All ongoing and fixed-term academic and professional staff, sessional academic staff, and casual professional staff of the University are eligible to receive a performance award. Teams are eligible to be nominated for a Performance Fund award. The Vice-Chancellor's Performance Fund award is not conditional on Performance Planning and Review (PPR) outcomes (see B/9). However the staff member or team must have made a significant and superior contribution or innovation in a specific area of activity. Senior staff are not eligible to receive a Vice-Chancellor's Performance Fund award. Staff are ineligible to be considered for a Vice-Chancellor’s Performance Award if they were a recipient of a Vice-Chancellor’s Award for Excellence in the same year. 5.2.3 AwardsThe Vice-Chancellor's Performance Fund awards are administered by the relevant executive dean of faculty / head of division. Both individual and team awards are available. Recipients of an award will receive a certificate and a one-off payment. The Vice-Chancellor will determine annually the amount for individual and team awards. The award money may be paid as a one-off non-superannuable salary payment or may be used at the recipient's discretion for work-related purposes (eg for equipment purchases or to offset costs of participation in conferences, seminars and training courses). Relevant taxation will apply to any salary payment. Any equipment purchased by the University with award monies remains the property of the University, subject to University policy. Any expenditure of award monies (other than money paid as salary) should conform with the University's policy on appropriate expenditure of University funds (see G/5.1 and the Financial Management Practice and Procedures Manual ).5.2.4 Review processVice-Chancellor's Advisory Committee and Assurance and Risk Management Services are responsible for reviewing the processes and practices associated with the Vice-Chancellor's Performance Fund awards. The performance awards will be reviewed periodically by the Vice-Chancellor to ensure the maintenance of value and relativity with the Vice-Chancellor's Awards for Excellence (see B/5.1). 5.2.5 ReportingExecutive deans of faculty / heads of division report annually to the Vice-Chancellor, through Vice-Chancellor's Advisory Committee, on the Vice-Chancellor’s Performance Fund awards and funding decisions. Related DocumentsMOPP B/5.1 Vice-Chancellor's Awards for Excellence MOPP B/9 Performance Planning and Review MOPP G/5 Expenditure Financial Management Practices and Procedures Manual Human Resources website - guidelines for Vice Chancellor's Performance Fund awards Modification History
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