In November 2009, AS/NZS ISO 31000: 2009 replaced the previous Australian and New Zealand risk management standard AS/NZS 4360: 2004. AS/NZS ISO 31000:2009 (the Standard) provides Fund Member agencies with principles and general guidelines to be considered when developing risk management frameworks and programs. The Standard is supported by the:
• International Standard ISO/IEC 31010:2009–Risk
Management;
• IEC/FDIS 31010 Risk Management–Risk Assessment
Techniques; and
• ISO Guide 73:2009–Risk Management–Vocabulary.