Risk Management

LINZ has a well-developed risk management framework that treats risk management as an integral part of our strategic and business planning process. This framework's mechanisms enable us to mitigate and regularly report on the impact and likelihood of risk exposure across LINZ. It is also applied to any situation where an undesired or unexpected outcome could be significant.

The framework is continuously monitored to ensure it meets our requirements.

Policy risks are managed through:

• regular briefings to the Minister on key aspects of policy advice
• an evaluation framework to identify possible areas for review, and
• collaboration with other agencies that contribute to our outcomes.

Risks related to our regulatory outputs are managed through:

• ongoing review of standards and rules to ensure an optimal level of intervention
• regular audits to ensure compliance with survey, conveyance and title standards through a Regulatory Quality Assurance function
• involving stakeholders in setting regulatory standards, and
• clear and documented processes that support the statutory decisions and recommendations made about overseas investment.

Customer services risks are managed through:

• external review and reporting of progress to the Chief Executive on the 100% e-lodgement initiative
• ongoing relationship management and consultation with stakeholders to proactively identify and manage customer needs
• standardised risk-based validation procedures to ensure data complies with standards
• managing all new initiatives as projects within robust project management frameworks that identify and report on risks through appropriate governance mechanisms
• regular audit and review of progress against milestones in project plans, and
• building industry capability to ensure smooth transition to an electronic delivery environment.

Crown Property Management risks are managed through:

• the establishment of a Quality Assurance Tenure Review Board that reviews the quality of decision making for Tenure Review milestones.

The management of organisation risks are handled using a variety of mechanisms, including:

• governance and project management for major strategic projects
• security and disaster recovery procedures
• financial management procedures and systems
• planning and performance management procedures
• regular review of strategy through environmental scanning and stakeholder analysis
• legal risk analysis, and
• internal risk and assurance functions.

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