About the Risk Management Unit

In an acknowledgement of the critical importance of risk management and compliance to the University’s core functions of teaching and learning, research and community engagement, the Vice Chancellor has endorsed a new Integrated Approach to Risk Management from December 2006.

The University has endorsed a Risk Management Framework recommended in the Australian New Zealand Risk Management Standard AS/NZ4360.

The University's integrated approach to risk management process will ensure:

  • Risk management becomes embedded within the University's processes and organisational culture
  • Risk management is dynamic and responsive as the organisation changes
  • The University adopts a clear consistent approach to identifying, analysing, evaluating, treating, monitoring and reviewing risk such that risks are not assessed in isolation and form part of an overall treatment strategy
  • The University's risk treatment plans become integrated with the management, planning and budgetary processes of the University
  • Risk management is more proactive and dynamic and less reliant on third party reviews and audits to identify risks
  • Adequate resources and improved systems are implemented to ensure the timely implementation of the Integrated Risk Management framework, including consistent risk analysis and prioritisation as well as ongoing review and monitoring of risks at appropriate levels within the organisation.

The Risk Management Unit is committed to:

  • Developing a Risk Management framework
  • Ensuring the implementation of the risk management framework through training, workshops and providing assistance when required
  • Assisting University Managers to conduct a risk assessment where necessary
  • Managing the Insurances of the University (excluding Workers Compensation), which includes monitoring of claims and implementation of a claims reporting system
  • Managing the Internal Audit Function of the University
  • Management of the University's Compliance Obligations
  • Enhancement of the University's Disaster Recovery and Business Continuity capabilities