The Victorian Government Risk Management Framework (VGRMF), issued by the Department of Treasury and Finance (DTF), provides a minimum risk management standard for the Victorian public sector. The framework applies to departments and public bodies covered by the Financial Management Act 1994.

Where we come in

As the government’s insurer and risk adviser, we’ll help you put the VGRMF into practice and guide you to ensure your policies and procedures are in line with VGRMF standards and recommendations.

Attestation for the current financial year 2020-2021

The existing VGRMF is effective until 30 June 2021.

Agencies must continue to attest to the existing VGRMF for the current financial year (2020-2021). Our current resources and guidance materials are in place and can still be accessed via our VGRMF tools & resources.

A revised VGRMF – effective 1 July 2021

The revised VGRMF comes into effect on 1 July 2021. From that date, all agencies must attest to the revised VGRMF. To view the revised framework, visit the Department of Treasury and Finance website.

We’ve also summarised information that you need to know on our key changes to the revised VGRMF page.

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Current VGRMF tools & resources

Guidance materials for the current Victorian Government Risk Management Framework (2015, updated 2018).

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Key changes to the revised VGRMF

Summary of changes in the updated Victorian Government Risk Management Framework that you need to be across.

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Risk culture

Our three-phase risk culture learning pathway is designed to help you get the most out of your personal risk culture journey.

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Control effectiveness

Take steps to reduce the likelihood and impacts of risk.