Dear Staff and Students
The Federal Court yesterday ordered that Macquarie University Union Ltd (MUUL),
which traded as Students At Macquarie (SAM), and Venues At Macquarie would be
wound up.
All monies previously transferred by directors out of the companies¢ bank
accounts into a lawyer¢s trust account - as reported in the statement
http://www.pr.mq.edu.au/events/archive.asp?ItemID=2914 - have now been returned
to the courts.
Earlier this week the Supreme Court ordered that the Macquarie University
Students Council (MUSC) be wound up as it was no longer viable once the funds
had been returned to Venues At Macquarie.
Despite the finalisation of these entities at the University, it is business as
usual for the commercial operations of Venues At Macquarie.
The winding up of these bodies paves the way for the establishment of the
proposed new student organisation which will be managed by the University to
ensure its operations are transparent and accountable. This organisation will be
funded partly by membership of the student union and partly by the University
and will properly represent the needs of students.
The board for this organisation is currently being established under a new legal
entity, and there will be significant student representation. All board
positions will be unpaid.
Postgraduate students at Macquarie will continue to be represented by the
Macquarie University Postgraduate Representative Association (MUPRA), which is
run by student volunteers. The University offers its appreciation for MUPRA¢s
continued support of the postgraduate student body, and emphasises that neither
it nor Macquarie University Sport and Recreation (MUSR) have in any way been
associated with any of the questionable activities that have been the subject of
recent court proceedings.