#### 216S Risk management—the Act, Sch 6, cl 18 216S Risk management—the Act, Sch 6, cl 18 > > (1) A council must adopt and implement a system for managing risk. > > > > Note— > > > > The Act, section 23A requires a council to take relevant guidelines by the Departmental Chief Executive into consideration before exercising its functions. > > > (2) The Audit, Risk and Improvement Committee for the council must— > > > > > (a) monitor and review the implementation of the system, and > > > > > (b) report to the council on the operation and efficacy of the system. > > **s 216S:** Ins 2023 (643), Sch 1.

Previous section216RAudit, Risk and Improvement Committee to oversee and report on internal audit activities—the Act, s 428A(2)(i)Next section216TAttestation in annual report—the Act, s 428(4)(b)