Risk Management Policy

Applicable to: All Health Service Providers

Description: The Risk Management Policy establishes the minimum standards to be implemented by Health Service Providers in order to effectively manage risk at all organisational levels.

An organisation’s risk management practices are a critical component of good governance and fundamental to support the achievement of objectives. Risk management should be built into all operational processes and underpin decision making.

Failure to recognise and manage risk can have widespread implications not only for an organisation but for its consumers, employees and the wider community.

The System Manager is committed to ensuring that robust governance structures and processes are in place to promote effective Health Service Provider risk management practices.

In the Western Australian Public Sector context, the following legislation and policy requirements underpin risk management:

  • Financial Management Act 2006 s. 53 (1) (b)
  • Treasurer’s Instruction 825 (Risk Management and Security)
  • Public Sector Commissioner’s Circular: 2015-03 (Risk Management and Business Continuity)

This Policy is a mandatory requirement under the Risk, Compliance and Audit Policy Framework pursuant to section 26(2)(l) of the Health Services Act 2016.

Date of effect: 01 October 2019

Policy Framework

Related documents

Supporting information