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AFSA is pleased to announce that we have won a Gold Award at the 2021 Commonwealth Awards for Excellence in Risk Management. The awards, organised by the Department of Finance, recognised our efforts implementing a critical controls approach to our risk management framework.
As a regulator, risk is AFSA’s business. We recognised the opportunity to improve our framework to embed more meaningful conversations and effective mitigations at all levels. This award is a recognition of the work we did to transform our culture towards risk by focusing on building judgement, collaboration and the use of evidence.
Meaningful consideration of risk is so important in all the work we do as we continuously strive to be a firm and fair regulator – for the benefit of all Australians. AFSA is committed to providing improved and equitable financial outcomes for consumers, business and the community.
The Attorney Generals Department has also invited AFSA to present to a number of agencies within the portfolio about our journey implementing our risk management framework.
To find out more about the awards, visit the Department of Finance’s website.