Document ID: chunk:federal_register_of_legislation:F2013L01183:reg:10
Version: federal_register_of_legislation:F2013L01183
Segment Type: reg
Provision Reference: reg 10
Character Range: 9640–10928

10                    Preparation and content of risk management declaration
(1)          The Board must, after the end of each financial year of the Agency's operations that commences after 30 June 2013, provide the Ministerial Council with a risk management declaration signed by 2 Board members on behalf of the Board.
(2)          The risk management declaration is to state that, to the best of the Board's knowledge and belief, and having made appropriate enquiries:
(a)          the Agency has systems in place for the purpose of ensuring compliance with the Act and the Commonwealth Authorities and Companies Act 1997; and
(b)          the Board and the senior management of the Agency are satisfied with the efficacy of the processes and systems for the production of the Agency's financial information; and
(c)          the Board has in place a risk management strategy that complies with the requirements of these Rules; and
(d)          the Agency (including the Board) has, throughout the relevant financial year, substantially complied with the risk management strategy; and
(e)          the risk management strategy is operating effectively; and
(f)           the risk management strategy in its present form has been submitted to and approved by the Ministerial Council.