Structures and processes in place for the NCA to implement principles and objectives of corporate governance
As part of a discrete project, the NCA reviewed, updated and implemented a range of corporate governance documents, instruments and processes, and undertook bespoke and general training, to ensure the Authority (the Board) made a successful transition to being the NCA’s accountable authority on 1 July 2018.
The NCA manages audit and assurance arrangements through its Audit Committee. The Audit Committee provides independent assurance and assistance in relation to the NCA’s risk, control and compliance frameworks and its external accountability responsibilities.
The Audit Committee met four times in 2018-19 and considered NCA’s:
- internal audit plan and related audit reports
- Performance Statements
- Financial Statements
- Fraud Control Assessment and Plan
- Risk Management Policy and Framework.
The NCA ensured sound risk management arrangements were maintained during the year. The Senior Leadership Team actively monitored the NCA’s strategic and other significant risks. The NCA’s Risk Management Policy and Framework was updated and implemented, reflecting current standards and practices, and the new governance arrangements noted above.
The NCA maintained rigorous records management arrangements in 2018-19. The information management system continued to be refined and improved during 2017-18.
A strong ethical framework, based on the APS Values, Employment Principles, and Code of Conduct, is upheld through a range of human resource policies and employment arrangements (such as the NCA Enterprise Agreement and the NCA’s Performance Management and Appraisal Scheme), as well as awareness training at induction and through periodic updates and reminders.
The NCA conducted a detailed Fraud Risk Assessment in late 2018-19 and updated the Fraud Control Plan to reflect the Assessment. The NCA maintains sound fraud control arrangements, including through a range of preventative controls, procedural arrangements and periodic awareness training.
The NCA maintained appropriate protective security arrangements in 2018-19, in line with requirements set out in the Australian Government’s updated Protective Security Policy Framework (October 2018). The NCA also maintained appropriate business continuity arrangements to ensure core functions and operations can be maintained in the context of a disruptive event, to the extent possible.
During the period 2018–19, the NCA did not have any significant issues requiring reporting to the Minister under section 19(1) (e) of the PGPA Act relating to non-compliance with Finance law.