Document background
The Operational Resilience Policy serves as a cornerstone document for organizations operating in Australia, establishing comprehensive frameworks for maintaining operational continuity and managing disruptions effectively. This policy becomes essential when organizations need to demonstrate robust risk management practices, comply with regulatory requirements, and ensure sustainable business operations. It typically includes detailed provisions for risk assessment, incident management, business continuity planning, and third-party risk management, while ensuring alignment with Australian regulatory requirements including APRA standards, the Security of Critical Infrastructure Act 2018, and industry-specific regulations. The policy is particularly relevant for organizations operating in critical sectors or those subject to prudential regulation, requiring regular review and updates to maintain effectiveness and regulatory compliance.
