Risk exists in all aspects of Council's business. Risk can be described as any threat or opportunity that can potentially prevent Council from meeting its objective of being recognised for the excellence of its services and through the strength of its partnership with the community, customers, employees and stakeholders. Risk management plays a key role in ensuring that Council achieves that objective.
The level of risk that Council faces at any one time is the combination of the likelihood of an event happening and the consequences if it happened.
Council adopted a structured and disciplined approach to risk management by developing and implementing an organisational and shire-wide risk management program in accordance with the principles set out in the Australian Risk Management Standard AS/NZ 4360:2004.