What are my obligations under the VMIA Act?
Under section 23 of the VMIA Act 1996, • Departments and other VMIA clients must maintain a register of assets held or managed by the department or body according to VMIA requirements. • Departments and other VMIA clients must develop, implement and keep under review a risk management strategy. • Each department and other VMIA client must give the Authority- • a copy of the register of assets and the risk management strategy at least once in each financial year; and • a report on the implementation of its risk management strategy at least once in each financial year. Pursuant to section 24, each department and participating body must arrange its insurance with the Authority, unless the Minister specifically grants an exemption. WorkCover and motor vehicle insurances are excluded from these mandatory requirements.
