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Risk management

Risk management is part of the Commission’s strategy to promote accountability through good governance and robust business practices. The Commission is committed to embedding risk management principles and practices, consistent with the Australian Standard Risk Management – Principles and Guidelines (ISO 31000:2018) and the Commonwealth Risk Management Policy, into its:

  • Organisational culture
  • Governance and accountability arrangements
  • Reporting, performance review, business transformation and improvement processes.

Through the risk management framework and its supporting processes, the Commission formally establishes and communicates its approach to ongoing risk management, and guides employees in their actions, and their ability to accept and manage risks.