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Risk oversight and management

The Commission’s approach to risk management is designed to assist in the management of our financial, environmental and social responsibilities. It ensures the oversight, management and control of risks; is integrated into our business activities and systems, and meets our obligations under the Public Governance, Performance and Accountability Act 2013. Our Risk Management Framework and Risk Calendar are at Attachment B.

The Commission’s overall risk appetite is moderate, which reflects the importance of being able to engage with risk to pursue opportunity.

The Commission has a low risk appetite in relation to dishonest, deceptive and fraudulent conduct, the unauthorised disclosure of official information, and the health, safety and wellbeing of our employees.

Regular monitoring and reporting is provided to the Audit and Risk Management Committee and the Commission’s Executive Committee.

APSC Strategic Risks
Risk Initial Risk Rating Residual Risk Rating

Failure to meet our statutory obligations

Moderate Low

Data Integrity

High Moderate

Over promise and under deliver

Moderate Low

Inability to influence key decision makers

High Moderate