Risk Management Plan

Risk Management at the National Gallery
of Australia

The National Gallery of Australia’s operations are guided by a Risk Management Framework and Policy. This framework sets out the way in which the Gallery consistently identifies and manages risk.

The Risk Management Framework aligns with the following standards and Commonwealth Government policies:

• Australian / New Zealand Standard for Risk Management, AS/NZS ISO 31000:2018
• Public Governance, Performance and Accountability Act 2013 (Commonwealth)
• Commonwealth Risk Management Policy – Public Governance, Performance and Accountability Commonwealth of Australia (2014)
• Commonwealth of Australia, Department of Finance, Commercial and Government Services, “Implementing the Commonwealth Risk Management Policy – Guidance” (2016).

The guiding principles underpinning this Framework:

• Ensuring risk management is aligned to the National Gallery’s vision, purpose, strategy and values
• Providing a holistic and fit for purpose risk model
• Fostering a culture where individuals exhibit positive risk behaviours
• Embedding a pragmatic approach to identifying, assessing, managing and monitoring risks
• Clearly identifying that risk applies to all levels of the National Gallery from the Council, Executive, staff and contractors, and should drive and inform decision making
• Developing a practical approach to identifying and managing strategic risks and opportunities to drive value
• Adopting a risk management approach that evolves with the National Gallery.

The National Gallery accepts appropriate levels of risk in order to pursue and achieve its legislated and strategic objectives. The acceptance of appropriate levels of risk is managed through the processes outlined in The Risk Management Framework and is underpinned by a positive risk culture that promotes good risk behaviours at all levels.