Risk Management Policy, Framework and Appetite and Tolerance Statement

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This consultation has concluded.

Risk management is an essential part of a council’s management and internal control framework. It looks at what risks the council may face and the best way to address these risks. Assessment and management of risk is central to determining internal audit activities.

Council Officers have developed a Risk Appetite and Tolerance Statement that describes how much risk Council is willing to accept in pursuit of our Strategic goals. The Statement has been developed in consideration of risk appetites adopted by organisations within the Local Government sector and has been contextualised to Council’s unique risk, financial and resource landscape.

The purpose of the Risk Management Policy is to clearly document Hindmarsh Shire Council’s approach to establishing and maintaining effective risk management culture across the organisation in accordance with the Local Government Act 2020 and the principles and Guidelines set out in the International Risk Management Standard AS ISO 31000:2018.

The purpose of this Risk Management Framework (Framework) is to outline how Council will implement the process for managing organisational risk into Council’s overall governance, strategy and planning, management, reporting processes, policies, values and culture. The Framework also expresses Council’s overall commitment to developing and maintaining and effective risk management strategies.

Council is seeking feedback on these risk documents until 5pm on Thursday 15 August 2024.

The information you provide will either be used to change the content of these risk documents or will be provided to Councillors to help them make their decision. All submissions will be presented in the Council report, alongside any response or action taken by Council based on the submission.

To provide feedback, complete the form below.

You can also provide feedback in writing via email to info@hindmarsh.vic.gov.au, by post to PO Box 250, Nhill VIC 3418, or in person to any of Council's Libraries or Customer Service Centres.

Outcome of consultation:
These documents were adopted by Council at the meeting held on 28 August 2024.

Risk management is an essential part of a council’s management and internal control framework. It looks at what risks the council may face and the best way to address these risks. Assessment and management of risk is central to determining internal audit activities.

Council Officers have developed a Risk Appetite and Tolerance Statement that describes how much risk Council is willing to accept in pursuit of our Strategic goals. The Statement has been developed in consideration of risk appetites adopted by organisations within the Local Government sector and has been contextualised to Council’s unique risk, financial and resource landscape.

The purpose of the Risk Management Policy is to clearly document Hindmarsh Shire Council’s approach to establishing and maintaining effective risk management culture across the organisation in accordance with the Local Government Act 2020 and the principles and Guidelines set out in the International Risk Management Standard AS ISO 31000:2018.

The purpose of this Risk Management Framework (Framework) is to outline how Council will implement the process for managing organisational risk into Council’s overall governance, strategy and planning, management, reporting processes, policies, values and culture. The Framework also expresses Council’s overall commitment to developing and maintaining and effective risk management strategies.

Council is seeking feedback on these risk documents until 5pm on Thursday 15 August 2024.

The information you provide will either be used to change the content of these risk documents or will be provided to Councillors to help them make their decision. All submissions will be presented in the Council report, alongside any response or action taken by Council based on the submission.

To provide feedback, complete the form below.

You can also provide feedback in writing via email to info@hindmarsh.vic.gov.au, by post to PO Box 250, Nhill VIC 3418, or in person to any of Council's Libraries or Customer Service Centres.

Outcome of consultation:
These documents were adopted by Council at the meeting held on 28 August 2024.

  • CLOSED: This survey has concluded.

    Risk Management Policy, Framework and Appetite and Tolerance Statement Feedback Form

    This consultation has concluded.
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