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New Government of South Australia New Government of South Australia Risk Management Policy StatementRisk Management Policy Statement
Darryl Bruhn
Risk Management Coordinator
SAICORP
History of Risk Management Policy History of Risk Management Policy StatementStatement
First released in 1995 and updated in 1999. Signed by
Treasurers Stephen Baker & Rob Lucas from the Liberal
government.
Re-released in 2003 by current administration and jointly
affirmed by the Premier and the Treasurer. This was done
to enact a recommendation contained in the Fahey
Report into the Public Sector Responsiveness in the 21st
Century review of May 2002.
Working PartyWorking Party
Stephen Blight, Director Risk Management & Audit, DFC
Julie Lister, Manager Internal Audit, DTEI
Mohua Mukherjee, Manager Strategic Risk & Audit, DECS
Peter Brass, General Manager, Risk Management & Audit,
PIRSA
Gordon Thomson, Manager Strategic Services, DTF
Romeo Rigon, Risk Adviser, Attorney Generals Department
Darryl Bruhn, Risk Management Coordinator, SAICORP
WP Assessment of 2003 PolicyWP Assessment of 2003 Policy
Essentially the policy was good and effective as the key risk management
driver although a little longwinded and repetitive.
Questioned the need to single out two specific requirements in the 2003
policy, namely:
Expectation that contractors to government demonstrate risk management and
SAICORP responsibility to provide advice to the Crown
Agreed that it was a matter of refining the existing statement.
to state accountabilities and responsibilities clearly.
to promote the use of risk management as a key business tool that increases the
achievement of government objectives
on the need for a central theme to market the policy – mantra
Influences on risk management requiring Influences on risk management requiring consideration since in 2003consideration since in 2003
State Strategic Plan issued and re-issued.
PSM (CE Accountability) Amendment Act 2005. This
is now reflected in the new Public Sector Bill.
Treasurer’s Instructions 2 replaces FMF references
and TI 28 on compliance issued.
Pending release of AS/NZS ISO 31000
Commitment StatementCommitment Statement
The South Australian Government recognises that
commitment to risk management contributes to
sound management practice and increasing
community confidence in government performance.
Mike Rann Kevin FoleyPREMIER TREASURER
Accountability StatementAccountability Statement
Public Sector Chief Executives are accountable to their Ministersfor the development and implementation of a risk managementframework specific to the organisation’s business and theorganisational context. The design of this framework reflects theprinciples and the process outlined in the international riskmanagement standard, AS/NZS ISO 31000.
Chief Executive accountability for risk management extends totheir agency contribution to the attainment of the whole ofGovernment economic, social and environmental objectivesstated in South Australia’s Strategic Plan.
The Guiding Principle – Risk The Guiding Principle – Risk Management MantraManagement Mantra
Risk management is underpinned by the key
principle that
“risk management contributes to
the creation of sustainable value”
Benefit of using Risk Management?Benefit of using Risk Management?
The consistent and systematic application of risk
management is central to maximising community
outcomes, effectively leveraging the benefit of
opportunities, managing uncertainty and
minimising the impact of adverse events.
Integration of Risk Management?Integration of Risk Management?
Risk assessment is integrated into planning and all
other activities of the agency including significant
proposals and cabinet submissions. The risk
information obtained is a fundamental consideration
in measured risk taking and decision making.
FinallyFinally Continues commitment to risk management of successive
governments since 1995. Key driver for risk management Positions risk management as a key business process for
achieving the SA Strategic Plan agenda. Promotes the development of risk management that is
organic and underpinned by the need to contribute to creation of sustainable value.
Provides an important source of information for decision-making purposes.