The following financial arrangements apply to paid outside work projects undertaken by academic staff:

University Paid Outside Work: this work is conducted through NewSouth Global, and consultancy fees will be distributed by NewSouth Global via one of two methods-
1. Payment to a company on invoice (using an ACN), or
2. Payment through the NewSouth Global payroll.

NewSouth Global is required to return an amount equalling 15% of the consultant's fee to the University to cover the indirect costs related to the UPOW project. Any direct costs (such as use of University equipment / facilities, etc) must be included in the budget for the project and will be returned by NewSouth Global directly to the relevant UNSW unit.

Staff in University Commercial Laboratories, ARC Centres and UNSW Research Centres who undertake UPOW through their laboratory or centre in 2006 will be paid through the University payroll system.

Private Paid Outside Work: as outlined in section 3.3 of the policy, payments for PPOW must be managed by the individual and the University's financial systems may not be used in any way to managed funds associated with this work.

Staff are not permitted to deposit income from any Paid Outside Work project into University accounts, including Business Activity (BA) accounts. University staff must not be used to invoice or pursue debtors for these activities.