FAQs

Council operates in uncertain and changing economic, social, political, legal and business environments. Risk management is not about being risk averse and it is not a guaranteed way to eliminate all the risks Council faces altogether. The Risk Appetite Statement and Risk Management Framework provide direction and guidance to the management of Council in a way that allows the reduction of negative impacts of risks to a level that is acceptable and allows the decision to take calculated and appropriate risks that will help Council achieve its strategic goals and deal positively with opportunities.

Council's Risk Management approach consists of the following elements:

• Risk Appetite Statement
• Risk Management Framework 
• Risk Management Plans
• Risk Management Policies and Procedures.