Risk management for incorporated associations

The committee of an incorporated association is responsible for making sure it:

• remains compliant and solvent
• operates according to its goals and purposes.

Every committee member has the right to feel safe when attending or participating in association activities.

To operate effectively, committees should:

• identify risks within their operation and activities
• assess the likelihood of risks occurring that are:
  • high risk
  • low risk
• identify how risks will affect the association and 
  • understand potential outcomes
• identify solutions to manage risks and review existing control measures
• identify contingency plans if a risk occurs
• implement solutions
• monitor to ensure solutions are effective
• identify risk-management policies or procedures.

Identify and evaluate risks

Risk assessment can be carried out for many parts of business including:

• a specific event
• a location
• ongoing activities
• employment, volunteers, the committee
• environment
• finances
• cyber security

Get the risk assessment template and matrix DOCX (38.1 KB)

You can also find risk assessment templates and policies through:

• business or governance support
• website searching
• your insurance provider
• a peak or national body you are affiliated with.

Insurance

Insurance is a control mechanism to reduce risk.

The type of insurance you need depends on your activities and the assets you hold.

Speak to your insurance provider to find out what they recommend.

More information

For more information about risk management, read the:

• Work Health and Safety (National Uniform Legislation) Act 2011
• Work Health and Safety (National Uniform Legislation) Regulations 2011

Contact

Contact the associations and compliance team.