How are the revenues from commercialisation successes distributed within the University system?

The University of Waikato’s IP policy indicates that net revenues, which can be in the form of up-front licence payments, royalties or revenue from technology sales, are distributed as follows:

Inventor(s) 1/3
Inventor(s) Department/Faculty 1/3
University 1/3

See the University of Waikato’s Intellectual Property Rights Policy and Policy on Sharing of Benefits from Commercialisation of Intellectual Property for more information.