This policy establishes the process for the management of risks faced by Australian Hardware. The aim of risk management for the organization is to maximize favourable opportunities that are available for the company and minimize the adversity that the company might face in the form of risks. This policy will be applicable to all activities and processes in the context of the normal operation of organization and will also be the responsibility of all staff, students and volunteers.The risk management procedure would be proactive in identifying hazard, and assessing and controlling risk. The proactive approach would be mindful of the cost to the organization, the anticipated benefits and also the form of contingency planning that would best suit the organization. It is the primary duty of the organization to ensure that health and safety risks are eliminated or are minimized. In proactive risk management in addition to the Work Health and Safety Regulations 2012, specific codes of practices will also be followed. Compliance to the section 274 of the WHS Act will be demonstrated.
According to these regulations the reasonably practicable safety catches for workers in the workplace are identified. The likelihood of risk, hazard, harm and also what would be the reasonable practice for safety will be demonstrated.The legal compliance requirements for the workplace WHS risk management system is that of the Work Health and Safety Act 2011, the Work Health and Safety Regulation 2011, the Explosives Act 2003, the Explosives Regulation 2005, the Radiation Control Act 1990 and more. In the workplace it is necessary that all employees and managers are involved in the risk control process, but in a way that each one of them will complement the other. For instance as shown in the below template, the Board of directors will complement the Management. The Board of Directors will exercise due diligence in ensuring their management is aware of the risk management policy and procedures. The Management will ensure that their staffs are trained in the risk management policy and procedures.