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Updated June 2021 Effective from 1 July 2021 The Resource Management FrameworkPart 2 of 2 Attachments For Victorian Government departments and certain agencies Secretary Department of Treasury and
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Managing state-significant risks involves identifying, assessing, and mitigating risks that could have substantial impacts on public interest, particularly in relation to state policies and programs.
Entities that engage in activities classified as state-significant or that operate in sectors where such risks are prevalent are required to file managing state-significant risks.
To fill out the managing state-significant risks form, individuals or organizations should follow the guidelines provided, ensuring that they provide comprehensive information regarding identified risks, mitigation strategies, and relevant data.
The purpose of managing state-significant risks is to safeguard public welfare by ensuring that potential threats are recognized and managed proactively, thereby minimizing negative impacts on the community and environment.
Reports on managing state-significant risks must include details of the identified risks, their potential impact, mitigation measures taken, and any ongoing monitoring plans.
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