PURPOSE OF THE POLICY
Since SU is largely dependent on outside funds to undertake competitive teaching, research and community interaction, academics are encouraged to obtain outside funds and thereby promote SU's core activities. However, teaching, research and community interaction projects that are funded from outside funds are associated with certain indirect costs, and the motivation for the ICRR is to recover these indirect costs and to manage the University as a financially sustainable enterprise.
The ICRR Policy went through various iterations of consultation and adjustment before it was approved by the Senate on 30 August 2013 and the SU Council on 30 September 2013. The ICRR Policy on third-stream income replaced the 12% Levy policy (active since 19 January 2004) from the 1st of October 2013.
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