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Direction 3.7.1 of the Standing Directions under the Financial Management Act 1994 requires that either the head of a Department or the board of a Public Body, as applicable, is responsible for applying the Victorian Government Risk Management Framework (VGRMF).

VMIA offer a range of resources and services to support agencies to meet the mandatory requirements for 3.1.1 and 3.1.2 of the VGRMF.

The new Victorian Government Risk Maturity Framework 2020 comes into effect on 1 July 2021. A brief outline of what’s changed in the VGRMF (2021) is available to explore in our key changes guide [PDF, 1.34MB]. You can also attend our VGRMF – what’s new and changed webinar to understand more.

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Department of Treasury and Finance