Section 16 of the Public Governance, Performance and Accountability Act 2013 (PGPA Act) provides that, effective from 1 July 2014, Accountable Authorities (i.e. the Commissioner) must establish and maintain appropriate systems of risk oversight, management and internal control for the entity. The Australian Public Service Commission (the Commission) has adopted the following approach to risk management.
The Commission is committed to managing risk to meet its financial, environmental and social responsibilities. The goal of our risk management policy is to embed risk management as part of the culture of the Commission where the shared understanding of risk leads to well informed decision making.
The Commission's implementation of a risk management framework demonstrates that risks are assessed and are being managed in accordance with stakeholder expectations.
The Commission's Executive and Group Managers are responsible for promoting risk management strategies and practices within the Commission and for ensuring that these strategies are communicated to and practised by all staff.
Effective risk management is the joint responsibility of all staff and management within the Commission and, if successful, the decisions we make will make a substantial contribution to the achievement of our priorities and outcome.