Indigenous Land Corporation gpo box 652 Adelaide sa 5001

Strategic and Operational Planning

The ILC planning framework aligns operational activities, resource decisions and organisational performance with the strategic direction and policies set by the NILS. The NILS, Portfolio Budget Statement, annual corporate priorities, operational plans and business and project plans, guide the implementation of specific activities. They describe how the ILC will achieve its purpose of Indigenous people achieving sustainable economic, environmental, social and cultural benefits through owning and managing land. A review of the ILC planning, monitoring and evaluation frameworks will be conducted in the new financial year in line with requirements of the new PGPA Act.

Risk Management

The Risk Management Framework takes a whole-of-enterprise approach, is integrated into the operations of the ILC and promotes the identification and management of risk.

ILC commitment to effective risk management is communicated in key corporate documents, the NILS, Portfolio Budget Statement, corporate priorities, operational, business and project plans, implemented through a Risk Management Framework and Corporate Risk Management Plan and integrated throughout policy, procedure and guidance for all functions and day-to-day operations.

The Risk Management Framework is reviewed annually with reference to the range of Australian and New Zealand Standards, Australian Government Better Practice Guides and relevant International Good Practice Guides and/or Standards to ensure leading edge strategies and practices are considered.

The identification, assessment, treatment and monitoring of risks affecting the ILC and our clients occurs at three levels:

• Strategic and Corporate Risks – those risks associated with carrying out the statutory functions of the ILC, identification and sound management of which ensures the ILC will meet its corporate and statutory objectives;

• Programme or System Risks – those risks associated with the specific functions the ILC is undertaking to achieve its objectives. These risks are identified, assessed and treated via programme level risk management plans or by embedding risk treatments into guides, tools and policy; and

• Project Risks – those risks associated with individual land acquisition, land management, employment and training or strategic projects including our subsidiaries. Each project is required to have risks identified, assessed and a treatment plan devised at the outset and monitored and reviewed throughout the project’s life cycle.

The ARMC oversees the Risk Management Programme with implementation through the Executive Management Team.