2011 - USQ Student Guild · Re-elected July 2011 Student member 9 9 Jackson Logan Co-opted March...

USQ STUDENT GUILD

ANNUALREPORT 2

011

w w w . s t u d e n t g u i l d . c o m . a u

ANNUAL REPORTUniversity of Southern Queensland Student Guild


WHAT’S INSIDE? WHAT’S INSIDE? WHAT’S INSIDE?



TABLE OF CONTENTS:

Vision Statement 1

Mission Statement 1

Board Members 2

Past Presidents 2

Life Members 2

Board Attendance Record 3

Report to Members 5

Member Services Overview 6

Student Development Programs 10

University Sports 11

Social Sports 12

Springfield Campus 13

Fraser Coast Campus 14

Financial Report 17

WHAT’S INSIDE? WHAT’S INSIDE? WHAT’S INSIDE?

ANNUAL REPORT1

University of Southern Queensland Student Guild


The USQ Student Guild will be the most efficient, effective and customer (member) orientated campus service organisation in Australia.Key Strategic Issues:• Representing the rights and interests of all USQ students• Supporting student development• Strengthening the Guild’s (including the University’s) interests

and image in the community• Enhancing the University community lifestyle and wellbeing• Building on our physical infrastructure• Conserving our environment• Developing and managing commercially successful business

operations• Providing quality organisational management and leadership

V I S I O N S TAT E M E N T

The Student Guild is highly regarded as a provider of quality services and programs which are inclusive and responsive to changing member needs and provides positive student development experiences.Core Values:• Excellence• Integrity• “Needs” focus• Participation, consultation and teamwork• Quality customer service• Quality workplace and outcomes• Value

M I SS I O N S TAT E M E N T

WHY WE DO WHAT WE DO... WHY WE DO WHAT WE DO...


ANNUAL REPORT2


PresidentChristopher SmithVice-PresidentSimon Playford

Board MeMBers David JonesMatthew StevensonKim LundgaardDaneka WaltersNeil BrownBrenton DayJackson Logan

B oA R D M E M B E R SAs at 31 December 2011

1967 Peter Albion 1968 Robert Hedges1969 John Gildea 1970 Greg Hoffman1971 Erle Stower 1972 Tom Hogan 1973 Mal Andersen 1974 Michael Singh 1975 Steve Noakes 1976 Vicki Barnes 1977 Helen Miler 1978 Lawrence Stapleton1979 Gregory Jackson1980 Cathy Jackson1981 Tim Nunan1982 Tim Nunan 1983 Les Moriarty 1984 John McNamara1985 John McNamara1986 Gus McLean1987 Gus McLean1988 Raymond Paroz 1989 Raymond Paroz

1990 Ross Furnari 1991 Donna Moodie1992 Donna Moodie1993 Tony Goodhew1994 Tim Kelly1995 Georgia Stewart1996 Georgia Stewart1997 Paul Barnes 1998 Alicia King 1999 Hayley Phillips 2000 Phillip Johnson2001 Phillip Johnson2002 Phillip Johnson2003 Damien Jones2004 Damien Jones2004 Matthew Stevenson2005 James o’Brien2006 James o’Brien2007 Christine Tainton2008 Christine Tainton2009 Tegan Case2010 Tegan Case2011 Jackson Logan

PA S T PR E S I D E N T S

Peter Albion

Mark Camman

Geoffrey Dick

Garry Filshie

Robert Hedges

Gregory Hoffman

Dale Lukritz

Ross Furnari

Tim Nunan

Donna Moodie

Mark Peterson

Dr Peter Chippendale

Renard Peters

Karen Rapaport

John Redman

Karl Staisch

Lawrence Stapleton

Bruce Stockwell

Gail McLean

Laura Younger

Raymond Paroz

Kevin Stapleton

Tony Goodhew

Tim Kelly

Graham Raftery

Dr Allison Dickson

Alicia King

Georgia Stewart

Hayley Phillips

Prof Peter Swannell

Samantha Hacon

Matthew Stevenson

Phillip Johnson

L I F E M E M B E R S

Vice-cHanceLLor’s noMinee / cHairDanny Clifford

UsQ coUnciL noMineePam Steele

ANNUAL REPORT3



B oA R D AT T E N DA N C E R E Co R DFor the year ended 31 December 2011

naMe date aPPointed Position on Board PossiBLe MeetinGs attended

actUaL MeetinGs attended

Matthew Stevenson Co-opted May 2002, Elected September 2002, Appointed September 2006,Re-appointed November 2009

Non-student member 9 4

David Jones Co-opted March 2004,Elected September 2004, Re-elected August 2006,Co-opted September 2008, Re-elected July 2009,Re-elected July 2011

Student member 9 9

Jackson Logan Co-opted March 2009,Re-elected July 2010

Vice-President April 2009 President August 2010 to March 2011

9 4

Danny Clifford Appointed January 2009 USQ Vice Chancellor’s Nominee & Board Chair January 2009

9 9

Christopher Smith Elected August 2009,Re-elected July 2011

Vice-President August 2010 President March 2011 to March 2012

9 9

Karl Matthews Elected August 2009 Student member 2 2Paul Brushe Appointed November 2009 Non-student member 2 2Kim Lundgaard Appointed August 2009 Non-student member 9 3Daneka Walters Appointed August 2010 Student member 9 8Pam Steele Appointed August 2010 Council nominee 8 6Simon Playford Co-opted June 2011 Student member

President March 2012

5 5

Neil Brown Appointed June 2011 Non-student member 5 5Brenton Day Appointed July 2011 Student member 3 3Robert Neilson Appointed August 2010 Non-student member 2 0

in attendanceKevin Stapleton General Manager 9 9Mary Wells Minutes 9 7


ANNUAL REPORT4


ANNUAL REPORT5



R E Po R T To M E M B E R SOverview 2011

2011 was a full and interesting year for the Board, staff and management of the Guild as they strove to provide a range of advocacy, representation, recreation, personal development and commercial services and activities to students and the wider University community. The Guild seeks to develop and deliver these services so as to enhance the student experience and to support the University’s mission and strategic direction. In this the Guild is largely successful. However, the financial result was disappointing but not unexpected.

Since 2006 the Guild has received funding from the University to partially fund its services. Additional funding has been provided from the Guild’s commercial activities and reserves. In early 2011 the University advised that its funding support would be reviewed. This matter is still to be resolved. During the year the Guild spent over $1,500,000 on services to students, campus facilities and overheads. This is more than twice the University’s funding.

The financial statements show a loss of $456,000. Extensive renovations have been carried out on R Block at the Toowoomba campus since 2010. This has adversely impacted both the costs and revenues of these operations. These renovations will continue into 2012 and are not expected to be complete until November 2012.

A worrying trend has emerged in relation to the number of complex appeals and disputes students are experiencing with the University. These disputes are difficult to resolve and often leave the student feeling disappointed and confused. They indicate the urgent need for the appointment of an independent ombudsman to oversee and review dispute resolution within the University.

The Student Services and Amenities Fee legislation was passed in october. The Minister has advised the Vice Chancellor that he expects universities intending to apply the fee in 2012 to engage with student organisations to the maximum extent possible. The Minister’s intentions appear to be very clear. The Guild, which has a long and successful history of providing services to students, is waiting for the discussion on the use of the fee to commence in a meaningful way.

I would like to thank all those who have contributed to the success of the Student Guild especially the Board and the staff, all of whom make a significant contribution to the USQ experience. The University would be a poorer place without them.

Kevin J StapletonGENERAL MANAGER


ANNUAL REPORT6


M E M B E R S E RV I C E SOverview 2011

M E M B E R S E R V I C E S D E PA R TM E N TThe Student Guild’s Member Services Department is the central point of contact for students requiring help or assistance from the Student Guild whilst studying at USQ. In 2011, the roles of the Member Services Department included:• OrganisationandcoordinationoftheMemberServicesprogramsandservices includingentertainmentand

activities during orientation week on the three campuses, Common Hour and Residential School activities, student competitions and surveys, Recreational and Instructional Programs, Legal Service, Advocacy and Welfare, Tax Help Service, Social Sports and Guild Residential Shield Events.

• ResponsibilityfortheStudentGuildandPhoenixAwardwebsites,publicationoftheGuildExplorerandGuildHealth e-newsletters and responding to emails received in the Student Guild enquiries mailboxes at each campus.

• PromotionanddevelopmentoftheStudentGuild’sStudentDevelopmentPrograms–PhoenixAward;PhoenixVolunteerProgram;Cultural,AcademicandSportingClubsandSocieties;AdvocacyandWelfareService.

The Clive Berghofer Recreation Centre’s (CBRC) Reception Staff assisted Member Services with ID cards and the binding and laminating services throughout 2011. The CBRC Reception Desk assisted students with appointment bookings and registration/payment for various Member Services Department services and programs.

During 2011, the Student Guild’s free call phone number and Student Guild enquiries mailboxes were convenient methods of communication from students. Both on-campus and distance education students were able to contact the Student Guild Member Services Department via phone or email and were able to access many of the Student Guild’s services and programs via information provided on the Student Guild website - www.studentguild.com.au.

o R I E N TAT I o N AC T I V I T I E Sorientation Week (o’Week) is aimed at introducing first year students to the services and facilities offered by the University and the Student Guild. Many continuing students also visited the University during the Semester 1 o’Week. In 2011, Semester 1 and Semester 2 on-campus orientations were held at Toowoomba, Fraser Coast and Springfield campuses.

Students were able to participate in various activities organised by staff from the Student Guild at each campus. Students also took advantage of the information and giveaways from the commercial, social and sporting club stalls on Market Day.

Guild Fun Days were held during the first two weeks of Semester to introduce the new intake of students to the services and programs offered by the Student Guild. In 2011, the Guild Fun Days consisted of entertainment, games, market stalls, food and lots of fun. These activities varied across each campus.

B R oA D B A N D F o R S E N I o R S I N T E R N E T K I o S KThe Broadband for Seniors Internet Kiosk continued to be hosted by the Guild with many local seniors booking regular tutorial appointments throughout the year facilitated by student volunteers from USQ. other seniors took advantage of the computers in their own time or had a one-off tutorial session.

A DVo C ACY A N D W E L FA R E S E R V I C EThroughout 2011, the Student Guild provided students with free advocacy and welfare services that catered for undergraduate and postgraduate, domestic and international students studying on-campus or by distance

ANNUAL REPORT7




education. The Guild’s Member Services officers, assisted over 250 students with their advocacy and welfare related matters, during 2011. Considerable time and effort was given to each student to ensure the provision of reliable and independent information, advice and referrals to students seeking a resolution to academic or administrative issues. Guild staff provided students with independant information and advice regarding:

Co M M o N H o U R The Common Hour activities varied on each campus. In Toowoomba the Student Guild organised activities, Market Day stalls and fundraising food stalls from 12pm until 2pm on Wednesday’s (Common Hour) throughout each Semester.

Activities generally involved competitive games and giant board games in the Quad. The Market Day stalls were an opportunity for businesses outside of the University to promote their services and products. The food stalls were a fundraising opportunity for the Student Guild affiliated student clubs and societies.

Throughout the year, some larger Common Hour events were held. In 2011 these included the World No Tobacco Day, Australia’s Biggest Morning Tea in Semester 1, Guild Fun Days, Daffodil Day and oktoberfest in the Quad during Semester 2.

J U S T I C E o F T H E P E AC E S E R V I C EThe Student Guild Justice of the Peace (JP) service operates Monday to Friday at the Toowoomba campus, with the special Common Hour JP Service operating in the Refectory on Wednesday’s between 12pm and 1pm. Between March and November 2011, approximately 115 people utilised the Common Hour JP Service. The Justice of the Peace staff on duty, who were a mixture of Student Guild and USQ staff, cited/witnessed/signed approximately 850 documents.

Between January and December 2011, over 275 people utilised the JP Service at the CBRC with Student Guild JPs citing approximately 1400 documents. The JP Service at K5 was utilised by 517 people with approximately 3152 documents cited by Student Guild JPs. The Students Guild’s JPs in the Refectory cited 318 documents from 53 people.

L E GA L S E R V I C EThroughout 2011, the Student Guild, in conjunction with South Queensland Law, continued to provide a free legal advisory service to all USQ students and staff. Face-to-face meetings were arranged for students within the Toowoomba area and phone connections were utilised by students at Fraser Coast and Springfield and also by Distance Education students.

• Advice on academic requirements and student responsibilities

• Academic support and advice• Liaising with academic and administration staff• Protection of students’ rights• Advice regarding the USQ Policy Library, in

particular, the USQ Academic Regulations• Referring students to relevant Faculties/

Departments• Referring students to outside agencies and bodies

• Investigating student grievances• Monitoring University policies• Representation and advocacy at disciplinary

hearings or meetings• Advice and representation during appeals

process, including Appealing Final Grades, Exclusions, and Academic Misconduct

• Assistance with Show Cause letters, Special Consideration applications, and Deferred Examination requests

. . .Co N T I N U E D


ANNUAL REPORT8



TA X H E L P S E R V I C EBetween mid-August and late-october students who required assistance with their 2010-2011 tax returns were assisted by ATo trained volunteers. The Toowoomba Tax Help Service assisted 48 students in this time (an increase from 40 from the previous year).

R E C R E AT I o N A L A N D I N S T R U C T I o N A L P R o G R A M SThe Student Guild in conjunction with Pulse Start Training Solutions conducted Senior First Aid and CPR courses each month. In 2011, 80 students, staff and community members attended one of these courses held on the following dates:

Recreation Programs were held at the Clive Berghofer Recreation Centre (CBRC) each term during the academic year. These ran for a period of four to seven weeks and were open to USQ staff, students and the general community. During 2011 approximately 100 participants attended one or more of the following Recreation Programs:

R E S I D E N T I A L S C H o o L AC T I V I T I E SStudent Guild Member Services staff ran three Residential School Trivia nights with approximately 50-70 students in attendance at each. The trivia nights were held at the USQ Club in February (Tuesday 8 & 15) and September (Tuesday 13).

S T U D E N T S U R V E Y SThroughout 2011, the Student Guild made available a Student Feedback Survey via the Student Guild website. Students were encouraged to provide comments and advice on the many different services and programs offered by the Guild, including:• Programs:PhoenixAward,PhoenixVolunteerProgram• Services:Advocacy&Welfare,JPService,TaxHelpService,LegalService,IDCardsService,Crèche,KAP• FoodOutlets:CoffeeClub,Refectory,CentralBean,HubCafè

The survey was promoted via the Guild Explorer eNewsletter. Feedback was very positive with 57 out of 60 students rating their experience with the Student Guild ‘Excellent’ or ‘Very Good’.

S T U D E N T Co M P E T I T I o N SThe Student Guild ran the 2011 Capture It! Digital Photography Competition between March and August. This year’s theme was ‘Life’s Too Short’. The quality and variety of entries were again outstanding. A winner and runner up were chosen for each campus with online voting opening in August to decide the People’s Choice winners. Winners received a compact digital camera and digital photoframe and runners up received a digital photoframe.

• Saturday 26 March • Saturday 21 May • Saturday 18 June • Saturday 9 July

• Saturday 23 July • Saturday 20 August • Saturday 17 September • Saturday 15 october

• Saturday 26 November • Saturday 10 December


• Digital Photography & Photoshop (for Beginners)

• Belly Dancing (for Beginners)• Martial Arts Taste Tester

• African Drumming (For Beginners)

• Muay Thai Kickboxing• Photoshop Workshop

(Advanced)

• Fire Twirling• Introduction to Vinyasa Yoga

ANNUAL REPORT9




S T U D E N T G U I L D S H I E L DThe 2011 Student Guild Residential Shield was run from March to october. Students from the Residential Colleges participatedinarangeofactivities including;tennis,soccer,anartcompetition,Guild idol,mixednetball, trivianight, lawn bowls, debating, t-ball, touch, basketball and AFL. The winning college for 2011 was Concannon with the Spirit Cup going to McGregor.

The Guild Goblet was introduced in 2011. The Goblet involved the colleges joining together and forming a team to play Student Guild staff in volleyball, basketball and netball. The challenge was 1-1 after basketball and netball with the Colleges taking out the Goblet with a narrow win in volleyball.

C H A R I TA B L E C AU S E S A N D H E A LT H AWA R E N E S SThroughout 2011, the Student Guild supported various charities and fundraisers with events both on and off campus. These events included:

C L U B S A N D S o C I E T I E SThe Student Guild endorsed 15 clubs during 2011, which included a variety of academic, sporting, cultural clubs and societies. The members of the clubs and societies were invited to o’Week Market Days and Guild Fun Days to help promote their club or society to USQ students and staff. Food stalls and BBQ Fundraisers were organised by the clubs and societies during Common Hour, which helped promote their club or society and increased their yearly profits. The clubs endorsed in Toowoomba for 2011 included the:

Additional funding for clubs was provided through the $10,000 grant from USQ - the Higher Education Participation & Partnership Program (HEPPP). This funding was to support clubs in their efforts to encourage student participation in club activities.

• Australia’s Biggest Morning Tea (Cancer Council)• Daffodil Day (Cancer Council)• Jeans for Genes Day

(Children’s Medical Research Institute)• Mental Health Week

(Mental Health Foundation of Australia)

• Movember(MovemberFoundation–Men’sHealth)• Relay for Life (Cancer Council)• World No Tobacco Day

(World Health organisation)

• USQ Addicted to Anime • USQ Amnesty International • USQ Anthropology + Archaeology Society• USQ Community Environment Group• USQ Cougars AFL Club • USQ Cricket Club• USQ Engineering Club • USQ Firebirds Softball Club

• USQ International Relations Student Club • USQ Martial Arts Club - Bun Bu Ryo Do• USQ Northern Suburbs Hockey Club• USQ Papua New Guinea Student Association• USQ Saints Rugby Club • USQ Soccer Club• USQ Women in Engineering and Surveying (WIES)



ANNUAL REPORT10


S T U D E N T D E V E Lo PM E N T PRo G R A M SOverview 2011

P H o E N I X AWA R DThe Phoenix Award is a non-competitive program aimed at helping students develop and build upon their employability skills and USQ Graduate Attributes. The program provides students with the formal recognition they deserve for the extra-curricular and co-curricular activities they have undertaken while studying at USQ.

Throughout 2011, the Phoenix Award increased its participation levels and gained more support from the University, in particular from USQ Student Services and USQ Careers & Employment. As of the end of December, there were over 300 registered students from Toowoomba, Springfield, Fraser Coast and Distance Education.

To receive the Phoenix Award, students must accrue 1000 Phoenix Award points and complete a Reflective Journal based on their experiences while completing a variety of different activities and training.

A total of 18 students completed the program in 2011 which included 11 Toowoomba students, 3 Springfield students, 3 Distance Education students and 1 from Fraser Coast.

P H o E N I X Vo L U N T E E R P R o G R A MThe Phoenix Volunteer Program gained momentum in 2011 with more student enquiries and registrations. The Phoenix Volunteer Program Partnership organisations for 2011 included:

The aim of the program is to help students liaise with volunteer coordinators from different charities and organisations to start volunteer work in the community whilst completing their studies.

Students received a Phoenix Volunteer T-Shirt and a Certificate of Achievement at the Phoenix Award and Phoenix Volunteer Program Presentation Ceremony upon reaching various milestones.

• Cancer Council QLD• Churches of Christ Care• Conservation Volunteers Australia• Easterfest• Endeavour Foundation• Friends of Escarpment Parks • Guide Dogs QLD• Hervey Bay Council for the Arts• Hervey Bay Neighbourhood Centre• HoPE

• Kath Dickson Family Centre• QLD SES• Riding for the Disabled Queensland• RSPCA• Save the Children Thrift Shop• St John Ambulance Australia• TRAMS• Toowoomba Hospice Association• Toowoomba Meals on Wheels• Wesley Mission Brisbane

ANNUAL REPORT11



U N I V E R S I T Y S Po R T SOverview 2011

AU S T R A L I A N U N I V E R S I T Y S P o R T SNorthern University GamesThe 2011 Northern University Games were held in Armidale from 3-7 July. There were 24 USQ athletes in attendance performing well in netball (mixed and women’s), squash and touch football.

Australian University GamesThe Australian University Games were held at the Gold Coast from 25-30 August with representatives from 41 universities. USQ was represented by 39 students with everyone competing well and showing an excellent spirit both on and off the field. The following results were achieved:

• MixedNetballDiv1–7thplace• Women’sBeachVolleyballPairsDiv1–4thplace• Swimming–12thoverall• LawnBowlsDiv2–2ndplace• TenPinBowlingDiv2–11thplace• Kendo–4thplace• Men’sIndoorVolleyballDiv2–2ndplace• IndividualPerformanceforJudo–3rdplace(Mens)and2ndplace(Women’s)

USQ finished 10th overall in the per capita results, standing out from 41 participating universities. USQ was honoured to have 4 students chosen for the Green and Gold Australian University Sports National Teams.


ANNUAL REPORT12


So C I A L S Po R T SOverview 2011

U N I V E R S I T Y S P o R T S AWA R D SThe annual University Sports Awards function was hosted in october 2011. The achievements of students and community members in the areas of sport and recreation at USQ were recognised through the presentation of the following 2011 University Sports Awards.

CoMMENDATIoN AWARDS EmmaBrandt–MixedNetball BriannaPrew–MixedNetball BiancaMoffatt–MixedNetball PatrickCochrane–MixedNetball MichaelBaczynski–MartialArts SaronWhitney–MartialArts MeganSlattery–Volleyball Clarence Charles Dickerson - Basketball

HoNoRARY BLUES AWARD Andrew Catlow (USQ Cricket Club)

HALF BLUES AWARD Michael Baczynski (USQ Martial Arts) Melissa Smith (USQ Firebirds Softball Club)

UNIVERSITY GAMES SHIELD USQ Mixed Netball Team

VICE CHANCELLoR’S CUP - CLUB oF THE YEAR USQ Cricket Club

CoMMENDATIoN - CLUB oF THE YEAR USQ Martial Arts Club

S o C I A L S P o R T SThe Student Guild offered a range of social sports, providing the wider student body and community with the opportunity to become physically active.

SEMESTER 1, 2011• Monday Night Mixed Netball - 25 teams, 200 participants• Wednesday Lunch Mixed Futsal - 4 teams, 28 participants• Friday Night Casual Badminton - 35 to 45 participants (this is casual attendance between 5:30pm and 8:30pm)

SEMESTER 2, 2011• Monday Night Mixed Netball - 20 teams, 180 participants• Wednesday Lunch Mixed Futsal - 4 teams, 28 participants• Friday Night Casual Badminton - 35 to 45 participants (this is casual attendance between 5:30pm and 8:30pm)

SEMESTER 3, 2011over the University holiday period the Student Guild offered:• FridayNightCasualBadminton– approx. 25 participants (this is casual attendance between 5:30pm and 8:30pm)

ANNUAL REPORT13



S PR I N G F I E L D CA M PU SOverview 2011

C L U B S A N D S o C I E T I E STheStudentGuildisthemaincontactforclubsandsocietiesattheSpringfieldCampus.Agrowingnumberofsportand cultural clubs was evident throughout the year. Clubs supported by the Guild in 2011 were:

Clubs and societies are encouraged to fully endorse at the beginning of each year to ensure they can continue fund-raising and holding sign-up events in the auditorium and in the foyer area of the USQ Building.

S E M E S T E R 1 & 2 o R I E N TAT I o N E V E N T SSemester 1 Market Day was held on 29 February in the Auditorium as part of 2011 orientation. over 20 stalls were present including USQ departments as well as community groups. There were giveaways and a free BBQ for the new and continuing students. Clubs and societies held a sign-up stall for new students interested in joining.

Semester 2 Market Day was held on 20 July in the Auditorium. Giveaways and a free BBQ were again available and clubs and societies were present to talk to any new or continuing students who were interested in signing up.Guild Fun Day was held on 26 July and included free activities and pizza as well as a beading workshop and a cupcake decorating table.

The Market Days and Guild Fun Day created a friendly and open environment for students to relax and get to know the Guild officer before the busy semester began.

E N D o F Y E A R B A L LThe Annual End of Year Ball was held on Saturday 12 November at the Spring Lake Hotel. The theme for the night was “Let’s Go Gaga” with students encouraged to come dressed in ‘After 5 attire with a twist’.

There were 107 attendees at the event which included a buffet dinner, USQ Mock Awards Ceremony, DJ and Lucky Door Prizes.

H E A LT H AWA R E N E S S E V E N T SThe Red Cross Blood Van visited campus on 20 & 21 April allowing students the opportunity to donate blood.

A morning tea was held on 24 May to raise funds and awareness for Australia’s Biggest Morning Tea. This event continues to be a popular event for students and staff at the Springfield campus.

R E C R E AT I o N A L A N D I N S T R U C T I o N A L P R o G R A M SDriver Safety Program: Safe Drive Test Drive was a full day program held on 25 June. Participants were given the knowledge and practical training to handle a variety of driving hazards and situations.

The Student Guild in conjunction with Pulse Start Training Solutions held Senior First Aid and CPR courses on 16 April and 10 September.

• FESS–FacultyofEducationStudentSociety• MoUSQlub - Multicultural organisation of USQ• Music Club• USQ Active • USQ Aiki Jutsu Club• USQ Chess Club• USQ Dungeons and Dragons• USQ Firebirds Mixed Netball

• USQ Glee Club• USQ Lakers Cheerleading Club• USQ Lawn Bowls• USQ Parents (Social Network Club)• USQ Phoenix Mixed Basketball• USQ Phoenix Mixed Touch• USQ Weightlifting Club


ANNUAL REPORT14


F R A S E R CoA S T CA M PU SOverview 2011

The Fraser Coast Campus Student Guild office was also very busy in 2011, beginning with orientation, continuing onto the Guild Fun Days, free massages and a number of other important services, programs and activities.

L A R G E E V E N T SThe Fraser Coast Guild office ran a number of events during 2011 including Guild Fun Days, USQ Ride Run Walk and the first annual End of Year Dinner.

2011 saw the 2nd annual USQ Ride Run Walk at Fraser Coast being held. This event raises much needed funds for the Hervey Bay Hospital Children’s Services. The participation rate for 2011 increased by 100% from the 2010 total, with 104 participants taking part. $1,096 was donated to the Hervey Bay Hospital from this event.

The End of Year dinner was held at the Hervey Bay RSL in the Hervey House function room. 52 students and staff attended the evening which was very well received. Guests enjoyed music, dancing, photo booth, random prize draw as well as the humorous awards that were presented. The Student Guild’s free student massages proved to be popular with students.

U N I GA M E S & S P o R T SA number of Fraser Coast students participate regularly in the local indoor soccer competition. Students were also offered a free Police Citizens Youth Club (PCYC) membership which was subsided by the Student Guild. The PCYC offers a wide variety of activities to the community that all promote a healthy lifestyle, 70 students took up this offer.

J U S T I C E o F T H E P E AC E S E R V I C E A N D S T U D E N T I D C A R D SDuring 2011, the Fraser Coast JP Service was on offer for students, staff and community members. JP Services were performed for 261 students, staff, and general community members. Throughout 2011, 912 student photo ID cards were processed by the Fraser Coast Student Guild office. These cards were not only for new students but also replacement cards and nursing clinical placement cards.

C H A R I TA B L E C AU S E S A N D H E A LT H AWA R E N E S SIn 2011, the Student Guild coordinated and supported, respectively, a number of fundraising and health awareness events both on and off campus including:• Relay For Life (Cancer Council)• Student Guild Health Day• Australia’s Biggest Morning Tea (Cancer Council)• Mental Health Week (Metal Health Foundation of Australia)

R E C R E AT I o N A L A N D I N S T R U C T I o N A L P R o G R A M SThe Student Guild, in conjunction with Immediate Response First Aid Training, held Senior First Aid and CPR courses in July and September 2011. A total of 82 attendees completed the courses.

C L U B S A N D S o C I E T I E STwo Kids Activity Mornings were held for children and parents where the parent is a single student. Students were encouraged to come along, let the Student Guild entertain the children while the student parents enjoyed the company of other students in similar circumstances. Craft activities, competitions, games and morning tea was enjoyed by all.

ANNUAL REPORT15




ANNUAL REPORT16


ANNUAL REPORT17



F I N A N C I A L R E Po R TFor the year ended 31 December 2011

Directors’ Report 18Statement of Comprehensive Income 19Statement of Financial Position 20Statement of Changes in Equity 21Statement of Cash Flows 22Notes to the Financial Statements 23Directors’ Statement 33Independent Audit Report 34


ANNUAL REPORT18


D I R E C To R S’ R E Po R TFor the year ended 31 December 2011

Your Directors submit the financial report of the University of Southern Queensland Student Guild (“the Guild”) for the financial year ended 31 December 2011.

D I R E C To R SThe names of Directors throughout the year and/or at the date of this report are:

APPoINTED CEASED APPoINTED CEASED

Matthew StevensonBMassComm, BA(Hons) (USQ)

May-02 - Paul BrusheBEng, MBA(Acct)

Nov-09 Mar-11

David JonesBETC (USQ)

Mar-04 - Robert Neilson Aug-10 Mar-11

Danny CliffordBBus (Ind Rel)(QUT),LLB (Bond)

Jan-09 - Pam SteeleLLB, MSocSc (UQ)

Aug-10 -

Jackson Logan Mar-09 Mar-12 Daneka WaltersBBus (USQ)

Aug-10 -

Christopher SmithBArts CBA (USQ)

Aug-09 - Neil Brown Jun-11 -

Karl MatthewsBEng, MBA

Aug-09 Mar-11 Simon Playford Jun-11 -

Kim LundgaardB Bus (UQ), MBA (HRM)(USQ), Grad Cert LegalSt (QUT)

Aug-09 Jan-12 Brenton Day Jul-11

P R I N C I PA L AC T I V I T I E SThe principal activities of the Guild during the financial year were:

• tosupporttheeducationalprocessesoftheUniversityofSouthernQueensland;and• to provide facilities and services to members of the Guild.

S I G N I F I C A N T C H A N G E SNo significant change in the nature of these activities occurred during the year.

However, the university did not renew the lease to one of the catering outlets on the Toowoomba Campus. The financial impact of this decision during the year did not give rise to significant additional costs as staff and sales were absorbed by other outlets and the carrying value of assets remaining was not materially impaired.

The directors are currently involved in negotiations with the university regarding renewal of the Service Level Agreement which currently generates annual fees of around $700,000 and your attention is directed to the additional information outlined in Note 16 to the financial statements.

The operations of the Guild are not regulated by any significant environmental regulation under a law of the Commonwealth or of a state or territory

o P E R AT I N G R E S U LTThe operating result for the year was a deficit of $456,400 (2010 deficit: $157,605)

Signed in accordance with a resolution of the Directors.

Danny Clifford Simon Playford Chairman President 20 March 2012 Toowoomba

ANNUAL REPORT19



STATEMENT oF CoMPREHENSIVE INCoMEFor the year ended 31 December 2011

note 2011 2010$ $

revenueSales revenue 3,450,081 3,430,852 Cost of sales (1,046,950) (1,048,245)

Gross Profit 2,403,131 2,382,607

other revenue 2 1,231,651 1,312,825

expensesEmployment costs 5 (2,677,725) (2,568,967)Amortisation expense 8(a) - (4,427)Depreciation expense 9(a) (171,094) (176,634)Borrowing costs (1,993) (8,559)other expenses 4 (1,204,606) (1,220,480)

total expenses (4,055,418) (3,979,067)

Deficit before items below (420,636) (283,635)

Other Comprehensive IncomeFixed asset disposals and revaluations 3 (35,764) 126,030

Income tax expense 1(e) - -

Deficit after income tax (456,400) (157,605)


ANNUAL REPORT20


S TAT E M E N T o F F I N A N C I A L Po S I T I o NAs at 31 December 2011

note 2011 2010$ $

cUrrent assetsCash and cash equivalents 61,519 83,122 Investments 6 2,146,167 2,588,013 Inventories 74,155 80,375 Receivables 7 120,643 100,876 Prepayments 37,250 41,488 Total current assets 2,439,734 2,893,874

non-cUrrent assetsInvestments 6 389,554 401,126 Intangible assets 8 - - Property, plant and equipment 9 1,097,545 1,053,072 other 550 550 Total non-current assets 1,487,649 1,454,748

totaL assets 3,927,383 4,348,622

cUrrent LiaBiLitiesPayables 129,278 112,973 Borrowings 10 - - Finance lease 11 - 51,301 Provisions 12 444,164 321,957 Total current liabilities 573,442 486,231

non-cUrrent LiaBiLitiesFinance lease 11 - - Provisions 12 59,875 111,925 Total non-current liabilities 59,875 111,925

totaL LiaBiLities 633,317 598,156

net assets 3,294,066 3,750,466

eQUitYAsset revaluation reserve 361,658 361,658 Retained earnings 2,932,408 3,388,808

totaL eQUitY 3,294,066 3,750,466

ANNUAL REPORT21



S TAT E M E N T o F C H A N G E S I N E Q U I T YFor the year ended 31 December 2011

N a t u r e a n d p u r p o s e o f r e s e r ve s

Asset revaluation reserve

The asset revaluation reserve is used to record increments and decrements in the fair value of land and buildings, investments and other assets, to the extent that they offset one another.

reservesRetained asset BuildingEarnings Revaluation Fund total

$ $ $ $

at 1 January 2010 3,326,413 361,658 220,000 3,908,071

Netdeficitfortheyear (157,605) (157,605)

Reclassificationofreserve 220,000 (220,000) -

At 31 December 2010 3,388,808 361,658 - 3,750,466


At 31 December 2011 2,932,408 361,658 - 3,294,066


ANNUAL REPORT22


S TAT E M E N T o F CA S H F LoWSFor the year ended 31 December 2011

note 2011 2010$ $

casH FLoW FroM oPeratinG actiVitiesReceipts from commercial & other operations 4,467,774 4,514,377 Payments to suppliers & employees (4,790,894) (5,058,614)Interest & dividends received 152,724 170,399 Borrowing costs paid (1,993) (8,559)Net cash used in operating activities 13(b) (172,389) (382,397)

casH FLoW FroM inVestinG actiVitiesPaymentforfixedassetpurchases (242,473) (75,451)Payment for investments (16,404) (19,597)Proceedsfromfixedassetsales 19,118 291,339 Net cash (used in) / provided by investing activities (239,759) 196,291

casH FLoW FroM FinancinG actiVitiesRepayment of borrowings (51,301) (60,925)Net cash used in financing activities (51,301) (60,925)

Net decrease in cash held (463,449) (247,031)Cash at the beginning of the year 2,671,135 2,918,166 Cash at the end of the year 13(a) 2,207,686 2,671,135

ANNUAL REPORT23



N oT E S To T H E F I N A N C I A L S TAT E M E N T SFor the year ended 31 December 2011

note 1: stateMent oF siGniFicant accoUntinG PoLicies

(a) Basis of PreparationThis financial report is a general purpose financial report that has been prepared in accordance with Australian Accounting Standards, Australian Accounting Interpretations and other authoritative pronouncements of the Australian Accounting Standards Board. The financial report is prepared on an accruals basis and is based on historical costs except for land and buildings, investments and taxi licence, which have been measured at fair value. Cost is based on the fair values of the consideration given in exchange for assets. The accounting policies have been consistently applied, unless otherwise stated.The same accounting policies and methods of computation have been followed in this financial report as were applied in the previous annual financial statements.The following is a summary of the material accounting policies adopted by the Guild in the preparation of the financial report:

(b) Statement of Compliance - Australian equivalents to International Financial Reporting StandardsThe financial report complies with Australian Accounting Standards, which include Australian equivalents to International Financial Reporting Standards (“AIFRS”). Compliance with AIFRS ensures that the financial report, comprising the financial statements and notes thereto, complies with International Financial Reporting Standards (“IFRS”).

(c) Property, Plant and Equipment(i) Land and Buildings are measured at fair value by independent or by directors’ valuation.(ii) Plant and equipment purchased for less than $500 is expensed in the year of purchase. Plant

and equipment purchased at $500 or over is capitalised and is stated at cost less accumulated depreciation and any impairment in value.

(iii) The Guild has invested in structural improvements and extensions in the USQ Club and the Clive Berghofer Recreation Centre and associated sports facilities. These assets are attached to land owned by the University of Southern Queensland. The Guild does not hold any tenure over the land other than by way of an uninterrupted arrangement with the University, deemed to be equivalent to tenure. The Guild has adopted the policy that the present arrangement as to tenure of the USQ Club and the Clive Berghofer Recreation Centre will continue, without interruption, into the future. Accordingly the measurement of the carrying value of these assets is considered appropriate.

(iv) Depreciation is calculated over the estimated useful life of the asset on the following basis: Buildings by Diminishing Value - 2.5% Plant and equipment by Prime Cost - 10% - 50% Motor Vehicles by Diminishing Value - 15% - 25%(v) Impairment

The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

(vi) RevaluationsFollowing initial recognition at cost, land and buildings are carried at a revalued amount which is the fair value at the date of the revaluation less any subsequent accumulated depreciation on buildings and accumulated impairment losses.Fair value is determined by reference to market based evidence, which is the amount for which the assets could be exchanged between a knowledgeable willing buyer and a knowledgeable willing seller, in an arm’s length transaction at the valuation date. Any revaluation surplus is credited to the asset revaluation reserve, unless it reverses a revaluation decrease of the same asset previously recognised in the statement of comprehensive income. Any revaluation deficit is recognised in the statement of comprehensive income, unless it directly offsets a previous surplus of the same asset in the revaluation reserve. Directors’ valuations are performed with sufficient regularity to ensure that the carrying amount does not differ materially from the asset’s fair value at the balance date.


ANNUAL REPORT24



(d) InventoriesInventories are valued at the lower of cost and net realisable value. Costs are assigned on a first-in first-out basis.

(e) Income TaxThe Guild is exempt from Income Tax under the provisions of Section 50-5 of the Income Tax Assessment Act 1997.

(f) Financial InstrumentsThe carrying value of term deposits and other investments is brought to account at cost or fair value. Dividends and distributions are brought to account as they are received. The carrying value of receivables and payables approximate their fair value.

(g) Bad and doubtful debtsProvision for bad and doubtful debts is made for debts that are known to be bad, or the recovery of the outstanding amount is considered unlikely.

(h) LeasesLeases of fixed assets, where substantially all risks and benefits incidental to the ownership of the asset, but not legal ownership, are transferred to the Guild, are classified as finance leases.Finance leases are capitalised, recording an asset and a liability equal to the value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated where it is likely that the entity will obtain ownership of the asset.Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period.Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred.

(i) Goods and Services Tax (GST)Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Tax office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables at the balance date are shown inclusive of GST.

(j) Employee BenefitsProvision is made for the Guild’s liability for employee benefits arising from services rendered by employees to balance date. Employee benefits expected to be settled within one year, have been measured at cost as at balance date.All employee entitlements payable later than one year, have been measured at the present value of the estimated future cash flows.Contributions are made by the Guild to complying superannuation funds of the employee’s choosing and are charged as expenses when incurred.

ANNUAL REPORT25




note 2011 2010$ $

note 2: otHer reVenUe

Service fees 700,000 700,000 Sporting and event income 273,129 287,296 Interest and dividends 152,724 170,399 Rental income 42,090 34,007 Grants 10,000 65,090 other revenue 53,708 56,033 other revenue total 1,231,651 1,312,825

note 3: FiXed asset disPosaLs and reVaLUations

Plant and equipment - proceeds on disposal 19,118 284,696 Carrying value at time of disposal (26,906) (156,308)(Deficit) / surplus on disposal (7,788) 128,388

Motor vehicles - proceeds on disposal - 6,642 Carrying value at time of disposal - (6,463)Surplus on disposal - 179

Investments - carrying value at year end 217,120 203,253 Investments - market value at year end 189,144 200,716 Revaluation deficit for year (27,976) (2,537)

Total (deficit) / surplus for year (35,764) 126,030


ANNUAL REPORT26



note 2011 2010$ $

note 4: otHer eXPensesAudit fees 10,000 10,000 Bad debts 28 (1,347)Communication and stationery 75,696 86,181 Computer network and IT support 64,639 58,908 Equipment (< $500) 26,187 23,919 Fringebenefitstax 13,350 13,805 Grants 10,646 11,000 Honorariums including directors’ superannuation 9,664 11,063 Property 39,724 24,879 Legal and industrial relations 7,675 12,000 Repairs and maintenance 60,842 68,930 Website 7,356 5,927 other expenses - commercial activities 485,716 493,465 other expenses - service activities 303,291 282,247 other expenses - administration and board 89,792 119,503 total other expenses 1,204,606 1,220,480

note 5: eMPLoYMent costs

Salaries, wages and superannuation 2,660,910 2,552,604 Workers’ compensation 16,815 16,363 Total employment costs 2,677,725 2,568,967

note 6: inVestMents

cUrrentCash management and term deposit 2,146,167 2,588,013

non-cUrrentListed shares and managed funds at current market value 189,144 200,716 Tertiary Access Group Co-operative Limited at cost 400 400 Mecu Limited at cost 10 10 Taxi licence at current market value 200,000 200,000 Total non-current investments 389,554 401,126

(a) Listed shares and managed funds at cost 240,081 223,677

(b) Taxi licence at cost 82,051 82,051

6(a)

6(b)

ANNUAL REPORT27




note 2011 2010$ $

note 7: receiVaBLes

Trade and other debtors 120,643 101,450 Less provision for doubtful debts - (574)Total receivables 120,643 100,876

note 8: intanGiBLe assets

net Book ValueLicences at cost 60,860 60,860 Less accumulated amortisation (60,860) (60,860)Total net book value - -

(a) Movements in the carrying amounts of intangible assets

Balance at the beginning of the year - 4,427 Amortisation - (4,427)Balance at the end of the year - -

note 9: ProPertY, PLant and eQUiPMent

net Book ValueLand and buildings at fair value 570,000 570,000 Less accumulated depreciation (14,134) (7,124)

555,866 562,876

Motor vehicles at cost 289,938 289,938 Less accumulated depreciation (189,278) (161,022)

100,660 128,916

Plant and equipment at cost 2,837,773 2,919,369 Less accumulated depreciation (2,396,754) (2,558,089)

441,019 361,280

Total net book value 1,097,545 1,053,072


ANNUAL REPORT28



note 2011 2010$ $

note 9: ProPertY, PLant and eQUiPMent (continued)

(a) Reconciliations Reconciliations of the carrying amounts for each class of asset are set out below:

Land and buildingsCarrying amount at beginning of year 562,876 570,000 Revaluation surplus transferred to reserves - - Depreciation expense (7,010) (7,124)Carrying amount at end of year 555,866 562,876

Motor vehiclesCarrying amount at beginning of year 128,916 172,917 Disposals - (6,463)Depreciation expense (28,256) (37,538)Carrying amount at end of year 100,660 128,916

Plant and equipmentCarrying amount at beginning of year 361,280 574,109 Additions 242,473 75,451 Disposals (26,906) (156,308)Depreciation expense (135,828) (131,972)Carrying amount at end of year 441,019 361,280

(i) Revaluation - Land and buildings

In accordance with the policy of regular revaluations, the directors previously revalued land and buildings as at 31 December 2009.

(i)

ANNUAL REPORT29




note 2011 2010$ $

note 10: BorroWinGs

cUrrentCommonwealth Bank of Australia - -

The Commonwealth Bank of Australia has a First Registered Mortgage over property owned by the Guild and a First Registered Bill of Sale over all Guild assets to secure loans, advances and guarantees made by them from time to time.

At the reporting date, the overdraft facility of $50,000 (2010 $50,000) was unused.

note 11: LeasinG and caPitaL coMMitMents

Finance leasing and hire purchase commitments:Payable: - not longer than 1 year - 52,630 - longer than 1 but not longer than 2 years - - Minimum lease payments - 52,630 Lessfuturefinancecharges - (1,329)Total finance lease liability - 51,301

cUrrentFinance lease liability - 51,301

caPitaL coMMitMentsCommitments for the acquisition of plant and equipment - 167,135

note 12: ProVisions

cUrrentGST and FBT 53,405 33,673 Commercial provisions 77,330 29,284 Employee entitlements 313,429 259,000 Total current provisions 444,164 321,957

non-cUrrentEmployee entitlements 59,875 111,925


ANNUAL REPORT30



note 2011 2010$ $

note 13: casH FLoW inForMation

(a) Reconciliation of cashCashatendofthefinancialyearasshownintheStatementofCashFlowsisreconciledtotherelateditems in the Statement of Financial Position as follows:

Cash 61,519 83,122 Short term deposits 2,146,167 2,588,013

2,207,686 2,671,135

(b) Reconciliationofnetcashusedinoperatingactivitiestothenetdeficitfromoperations.


Non-cashflowsinoperatingresult: - Amortisation - 4,427 - Depreciation 171,094 176,634 -Deficit/(surplus)ondisposalofproperty,vehicles and plant and equipment 7,788 (128,567)

-Deficitonrevaluationofcarryingvalueofinvestments 27,976 2,537 Changes in assets and liabilities: - Increase in trade debtors (19,767) (20,073) - Decrease in inventories 6,220 3,160 - Decrease / (increase) in prepaid expenses 4,238 (1,324) - Increase / (decrease) in trade creditors 16,305 (39,845) - Increase / (decrease) in accrued expenses 67,778 (269,850) - Increase in employee provisions 2,379 48,109 Net cash used in operating activities (172,389) (382,397)

note 14: reMUneration oF directors

The directors act in an honorary capacity and receive no compensation for their services except for honorariums paid to the President and Vice-President.

The number of directors whose remuneration falls within the following bands:

$0 12 11$1 - $1,000 0 0$1,001 - $3,000 0 0$3,001 - $5,000 1 1$5,001 - $10,000 1 1

Total remuneration of directors 9,664 11,063

ANNUAL REPORT31




no

te 1

5: F

ina

nc

iaL

inst

rUM

ents

(a) I

nter

est r

ate

risks

TheGuild’sexposuretointerestra

terisksa

ndeffe

ctiveinterestra

teso

ffina

ncialassetsa

ndfina

ncialliab

ilitiesa

tbalan

cedateareasfo

llows:

Fina

ncia

l inst

rum

ents

Rang

e of

inte

rest

rate

s Fl

oatin

g in

tere

st ra

teFi

xed

inte

rest

rate

m

atur

ing

in 1

yea

r or l

ess

Fixe

d in

tere

st ra

te

mat

urin

g 1

to 5

yea

rsN

on-in

tere

st b

earin

gTo

tal c

arry

ing

amou

nt a

t ba

lanc

e d

ate

2011

2010

2011

2010

2011

2010

2011

2010

2011

2010

2011

2010

%%

$$

$$

$$

$$

$$

(i) F

inan

cial

ass

ets

Cas

hna

na -

- -

- -

- 6

1,51

9 8

3,12

2 6

1,51

9 8

3,12

2 Sh

ort t

erm

dep

osits

3.60

-6.2

53.

65-6

.30

128

,945

1

15,8

51

2,0

17,2

22

2,4

72,1

62

- -

- -

2,1

46,1

67

2,5

88,0

13

Man

aged

fund

sna

na -

- -

- -

- 1

83,5

50

196

,029

1

83,5

50

196

,029

Lis

ted

shar

esna

na -

- -

- -

- 6

,004

5

,097

6

,004

5

,097

Ta

xi lic

ence

nana

- -

- -

- -

200

,000

2

00,0

00

200

,000

2

00,0

00

Rece

ivab

les

na

na

- -

- -

- -

120

,643

1

00,8

76

120

,643

1

00,8

76

Tota

l fina

ncia

l ass

ets

128

,945

1

15,8

51

2,0

17,2

22

2,4

72,1

62

- -

571

,716

5

85,1

24

2,7

17,8

83

3,1

73,1

37

(ii) F

inan

cial

liab

ilitie

sPa

yabl

esna

na -

- -

- -

- 1

29,2

78

112

,973

1

29,2

78

112

,973

Le

ases

9.6-

10.9

9.6-

10.9

- -

- 5

1,30

1 -

- -

- -

51,

301

Tota

l fina

ncia

l lia

bilit

ies

- -

- 5

1,30

1 -

- 1

29,2

78

112

,973

1

29,2

78

164

,274

(b) N

et fa

ir va

lue

Theca

rryingam

ountapp

roxim

atesth

ene

tfairvalue

offina

ncialassetsa

ndfina

ncialliab

ilitiesa

sdisc

losedinNote1(f).

(c) C

redi

t risk

Themaximum

exposuretocreditrisk,excludingtheva

lueofanycollateraloro

therse

curity,atb

alan

cedatetore

cogn

isedfina

ncialassetsisthe

carryingam

ount,net

ofanyprovisio

nsfo

rdou

btfuldeb

tsoftho

seassets,asdisc

losedinth

estatem

ento

ffina

ncialposition

and

inth

eno

testothefinan

cialstatem

ents.


ANNUAL REPORT32



note 2011 2010$ $

note 16: continGent LiaBiLities and iMPairMent oF assets

16.1 Contingent liabilities

Service Level Agreement with University of Southern Queensland under negotiation

Estimated contingent liabilities arising if funding from university is inadequate and staff are made redundant.- Severance payments 820,000 -

16.2 Impairment of Assets

Estimated impairment of assets arising if negotiations with the university fail and the USQ Student Guild is liquidated.- Write down in carrying value of assets 530,000 -

(a) Since Compulsory Student Union fees were abolished in June 2006, the university has provided funds to procure services from the USQ Student Guild until the end of 2011. Negotiations are continuing in order to finaliseanagreementandfundingforthenextthreeyears.The directors are involved in the negotiations with the university and believe that the going concern concept asthebasisforpreparingtheannualfinancialstatementsisappropriate.

(b) The USQ Student Guild Collective Union Agreement provides for the payment of redundancy as well as the paymentofanyunpaidsicknessbenefitsintheeventofawindingup.

(c) The Accounting Policies on the Impairment, Valuation and Carrying Value of assets are outlined in Note 1(c),1(d)&1(g)butintheeventofawindingup,thecurrentandthefixedassetswillnotrealisetheircurrentcarrying values.

(d) In the event of a winding up, the Constitution of the Guild provides for excess funds to be vested in the CounciloftheuniversitytobeusedforthebenefitsofsuchobjectsofalikenaturetothoseoftheGuild.

16 (a)

16 (b)

16 (c) & (d)

ANNUAL REPORT33



Danny Clifford Chairman

Simon PalyfordPresident

20 March 2012Toowoomba

D I R E C To R S’ S TAT E M E N TFor the year ended 31 December 2011

In accordance with a resolution of the Directors of the University of Southern Queensland Student Guild(“theGuild’),westatethatintheopinionoftheDirectors,thefinancialreportassetoutonpages 18 to 32:-

1. PresentsfairlythefinancialpositionoftheGuildasat31December2011anditsperformancefor the year ended on that date in accordance with Australian Accounting Standards, man-datory professional reporting requirements and other authoritative pronouncements of the Australian Accounting Standards Board.

2. At the date of this statement, there are reasonable grounds to believe that the Guild will be able to pay its debts as and when they fall due.

3. Meetings of the Directors were held in accordance with the rules of the Guild.

This statement is made in accordance with a resolution of the Directors and is signed for and on behalf of the Directors by:


ANNUAL REPORT34


I N D E PE N D E N T AU D I T R E Po R TFor the year ended 31 December 2011

DINGLE & CAIRNSChartered Accountants

W . J . D I N G L EPartner

20 March 2012Toowoomba

R E P o R T o N T H E F I N A N C I A L R E P o R T

Wehaveauditedtheaccompanyingfinancialreport,beingageneralpurposefinancialreport,oftheUniversityofSouthernQueenslandStudentGuild(“theGuild”)whichcomprisesthestatementoffinancialpositionasat31December2011,andthestatementofcomprehensiveincome,statementofchangesinequityandthestatementofcashflowsfortheyearthenended,asummaryofsignificantaccountingpolicies,otherexplanatorynotesandthedirectors’declaration.

D I R E C To R S’ R E S P o N S I B I L I T Y F o R T H E F I N A N C I A L R E P o R T

The directors of the Guild are responsible for the preparation and fair presentation of the financial report and havedeterminedthattheaccountingpoliciesdescribedinNote1tothefinancialstatements,whichformpartofthefinancialreport, are appropriate to meet the requirements of the members. The directors’ responsibility also includes establishing andmaintaininginternalcontrolsrelevanttothepreparationandfairpresentationofthefinancialreportthatisfreefrommaterialmisstatement,whetherduetofraudorerror;selectingandapplyingappropriateaccountingpolicies;andmakingaccounting estimates that are reasonable in the circumstances.

AU D I To R ’ S R E S P o N S I B I L I T Y

Ourresponsibilityistoexpressanopiniononthefinancialreportbasedonouraudit.Weconductedourauditinaccordancewith Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relatingtoauditengagementsandplanandperformtheaudittoobtainreasonableassurancewhetherthefinancialreportis free from material misstatement.

Anauditinvolvesperformingprocedurestoobtainauditevidenceabouttheamountsanddisclosuresinthefinancialreport.The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement ofthefinancialreport,whetherduetofraudorerror.Inmakingthoseriskassessments,theauditorconsidersinternalcontrolrelevanttotheentity’spreparationandfairpresentationofthefinancialreport inordertodesignauditproceduresthatare appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness ofaccountingestimatesmadebythedirectors,aswellasevaluatingtheoverallpresentationofthefinancialreport.

Thefinancialreporthasbeenpreparedfordistributiontomembersforthepurposeoffulfillingthedirectors’financialreportingobligations.Wedisclaimanyassumptionofresponsibilityforanyrelianceonthisreportoronthefinancialreporttowhichitrelates to any person other than the members, or for any purpose other than that for which it was prepared.

Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforourauditopinion.

I N D E P E N D E N C E

In conducting our audit, we have complied with the independence requirements of Australian professional ethical pronouncements.

AU D I To R ’ S o P I N I o N

Inouropinion,thefinancialreportpresentsfairly,inallmaterialrespects,thefinancialpositionoftheUniversityofSouthernQueenslandStudentGuildasat31December2011,andofitsfinancialperformancefortheyearendedonthatdate,inaccordance with accounting policies described on Note 1 and in accordance with Australian Accounting Standards, including the Australian Accounting interpretations.

RKSTHE USQ W

HEALTH & RECREATION CLUBCrecheADJUNCT CARE FACILITY

FunctionsFunctions& Events&Functions& Events

USQ STUDENT GUILD

USQ STUDENT GUILD CoNTACT DETAILS

w w w . s t u d e n t g u i l d . c o m . a u

ToowoombaP.o. Box 28Darling Heights QLD 4350

Phone: (07) 4631 1588Freecall: 1800 076 301Fax: (07) 4636 1458Freefax: 1800 817 188Email: [email protected]

Fraser CoastP.o. Box 910Hervey Bay QLD 4655

Phone: (07) 4194 3144Fax: (07) 4194 3154Email: [email protected]

SpringfieldP.o. Box 4196SpringfieldQLD4300

Phone: (07) 3470 4283Fax: (07) 3470 4201Email:[email protected]

2011 - USQ Student Guild · Re-elected July 2011 Student member 9 9 Jackson Logan Co-opted March...

Documents

Transcript of 2011 - USQ Student Guild · Re-elected July 2011 Student member 9 9 Jackson Logan Co-opted March...