Audit and Risk Committee

An Audit and Risk Committee is an advisory committee that must be established by a Council under Section 53 of the Victorian Local Government Act 2020.



The Act states that:

1. A Council must establish an Audit and Risk Committee.
2. An Audit and Risk Committee is not a delegated committee.
3. An Audit and Risk Committee must—
   • include members who are Councillors of the Council; and
   • consist of a majority of members who are not Councillors of the Council and who collectively have— (i) expertise in financial management and risk; and (ii) experience in public sector management; and
   • not include any person who is a member of Council staff of the Council.
4. The chairperson of an Audit and Risk Committee must not be a Councillor of the Council.
5. Sections 123 and 125 and Division 2 of Part 6 apply to a member of the Audit and Risk Committee who is not a Councillor as if the member were a member of a delegated committee.
6. A Council may pay a fee to a member of an Audit and Risk Committee who is not a Councillor of the Council.

Audit and Risk Committee Charter

Section 54 of the Act notes that a Council must prepare and approve an Audit and Risk Committee Charter.

Related Pages

• Internal Audit
• Risk Management

External Links

• Google Search
• Audit and Risk Committee Charter -> D20/68939