The Council comprises 17 people who are appointed each year for the 12 months commencing 1 November. Council members are appointed in the following manner:
| Mr D A Crawford | AO BComm LLB FCA (Chairman) |
| Rev Dr J P Wilson | BSc DipEd BTh MMin DMin (Deputy Chairman) |
| Rev I H Barker | BA MDiv MTh Minister of Religion |
| Mr B D Bayston | OAM BComm LLB |
| Mrs S J Bernard | BEc |
| Mr F Davidson | KStJ BA (Dartmouth) |
| Mr C M Drummond | BComm ACA FSIA |
| Mr M J Happell | BComm LLB FCA |
| Mrs S A Hughes | BA LLB |
| Mr J A Ireson | BComm CPA |
| Mr T C Johnston | BComm LLB |
| Dr D A Kemp | BA LLB (Melb) PhD (Yale) |
| Mr W D McGregor | DipCM |
| Mr M K Sim | BEc ACA |
| Mr J P Simpson | BA (Melb) FPRIA |
| Mr A T Sloan | BComm |
| Mr D C Tyrrell | BComm ACA FINSIA |
Scotch College: ABN 86 852 826 445 ACN 005 650 395 CRICOS 00624A (Commonwealth Register of Institutions and Courses for Overseas Students)