The funds collected from the rental of outlets at Student's House were a vital source of income for the University Students' Council and funded a good part of the projects conducted by the council for the benefit of students.

In a statement replying to a request by Labour MP Owen Bonnici's to the Public Accounts Committee for an investigation regarding Students' House, the KSU said that a decision had been taken by the University Council in March 1994 to divide the building formerly known as 'University House' into 'University House' and 'Student's' House', with the latter made subject to KSU's administration.

KSU said it was a totally non-profit organisation, which received no public funds whatsoever. Its financial independence was one of the crucial characteristics that guaranteed KSU's autonomy and independence, acting as the highest student representative body at the University of Malta.

"KSU feels that such a request has warranted an unnecessary attack on the autonomy and integrity of not just KSU, but also the numerous student organisations which are housed in Students' House.

"KSU has always been transparent in all its dealings pertaining to the administration of Student's House. Moreover any relevant information is freely available to all University of Malta students, at the KSU annual general meeting."

All accounts are available to the public on http://ksu.org.mt/resources . "We urge anyone who has any other queries to contact us further on the matter."