The systematic application of management policies, procedures and practices to the tasks of establishing the context, identifying, analysing, evaluating, treating, monitoring and communicating risks. 2.8 Risk Treatment Selection and implementation of appropriate options for dealing with risk. The Risk Manager has the authority for initiating alterations to the Guidelines and Administrative Procedures of this Policy. This Policy shall come into effect when approved by the Vice Chancellor This Policy shall be reviewed by the Risk Manager on a biennial basis. Management Review and Audit Committee is responsible for reviewing risk management and reporting to Council on risk management matters.
All senior managers have a direct responsibility for risk management.
The Risk Manager provides advice in respect of all risk management matters. The Management Review and Audit Committee ensures that an effective, comprehensive risk management program is in place. No contract, agreement or obligation be bound upon the University without a prior risk assessment and clearance from a risk management perspective. All staff shall take reasonable care of University property at all times, report all incidents, losses and near misses involving University property, and incidents involving visitors and students including injuries or potential hazards to visitors or students. All staff shall arrange for a risk assessment to be undertaken prior to recommending that the University enter into proposed joint ventures, providing advice, undertaking research, visits, student practicums, or any other activities that may affect the University's reputation or incur a liability against its assets or involve a breach of our common law duty and any statutory obligation.