Uni reveals what it pays top staff

THE pay of the top 14 staff members at Newcastle University has been published in its annual report for the first time.

Vice-chancellor Professor Caroline McMillen said there were no surprises.

Salaries ranged from retired Vice Chancellor Nicholas Saunders, who was on $604,978, to the chief financial officer on $263,290, with most under $400,000.

Professor Stephen Nicholas retired on December 31 as vice-chancellor business and law with post employment benefits of $125,192.

Professor Terry Lovat retired on March 31 last year as vice-chancellor Education and Arts with post employment benefits of $217,716.

Professor McMillen said she felt positive about staff salaries with Newcastle benchmarking itself against eight other innovative research universities including Macquarie, Murdoch and James Cook.

She said it was important staff were provided with good conditions and she was focused on recruiting the best possible team.

The annual report showed the university’s 2011 income was $580million, which included $29.5 million in federal funding for capital works to be spent in future years.

The university reported a surplus of $28.7million.

Revenue increased 5.7per cent over the 2010 year, primarily due to additional students and returns on investments.

Assets increased by $104million over the previous year, reaching $1.37billion.

Operating activities generated cash of $70million. Of this, $44million was invested in property, plant and equipment.

“In 2011 we delivered innovations in teaching and learning, provided greater opportunities for people to enter higher education, delivered world class research and innovation, and built strong connections with our communities,” Professor McMillen said.

The university was yesterday named number 45 in a list of the world’s top 100 universities less than 50 years old.

The list was published in The Times Higher Education Supplement.

Professor McMillen said it was a terrific because it took time to build up a reputation and Newcastle was building one because of its research and its teaching.

It meant the universities on the list were the “ones to watch”.

She said the university had just put its submission in again to rate its Applied Maths course which this year holds the highest rating possible, putting it well above world class.

She said the year’s achievements included maintaining its ranking of ninth in country for research outcomes, a higher than average indigenous participation and 90 per cent of courses offering work experience.

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