Our risk tolerance levels across our five key objectives are highlighted below. Tolerance levels are based on the supporting business function, together with the potential cost and/or the benefit of engaging with risk to improve our decision-making ability.
The National Health Funding Body (NHFB) Chief Executive Officer (CEO) has established the Audit and Risk Committee (the Committee) in compliance with section 45 of the Public Governance, Performance and Accountability Act 2013 (PGPA Act) and section 17 of the PGPA Rule - Audit Committee for Commonwealth entities (the Rule).
The Administrator of the National Health Funding Pool Annual Report 2019-20 details a combined Financial Statement of the National Health Funding Pool accounts, and a Financial Statement for each State and Territory State Pool Account audited by the respective Auditor–General. The report also includes the reporting required under section 241(2) of the Act on national health reform funding and payments, on a national level and for each State and Territory.