Menzies School of Health Research Act 1985

The Board shall:

within 3 months of the commencement of each financial year –

adopt a budget for the financial year for all funds of the School, other than those to which paragraph (b) relates, and shall approve all amendments to the budget, and shall control the expenditure of the School so that it conforms as nearly as practicable to the approved budget;

within 3 months of the commencement of each financial year –

approve a business plan for the financial year; and

review annually funds available to the School by way of bequest, donation or special grant and the expenditure thereof, and shall, subject to the terms of a trust and before any such expenditure is made, approve the proposed disposition of those funds.