Recommendations 12 and 13 relate to the committee Council’s Recommendation 12 structures and should be implemented concurrently. Accept in principle Strengthen advice given to the VIT Council and VIT recommendations 12(a) There are currently four sub-committees of the Council, namely: governance by: and 12(b). Audit and Finance Committee Appointment of independent members to relevant Government to Council committees as detailed in this report. Professional Conduct Committee consider legislative Establishing a program of rigorous ongoing training change proposed in Remuneration Committee for Council members in relation to their role and recommendation 12(c) Accreditation Committee. duties as Council members, as detailed in this report. The Government expects the Council to: Reviewing and amending section 2.6.6A of the Act (as part of the overhaul of Part 2.6), to complement appoint independent members to the Council’s the knowledge, experience and skill sets required committees as appropriate in 2018 (as per recommendations currently by the legislation. Particular consideration 12(a) and 13(b)). The Department will work with the VIT to should be given to inclusion of a member with implement this recommendation. regulatory expertise on the Council. implement ongoing and appropriate training for Council members in relation to their role and responsibilities (recommendation 12(b)) during 2018. The Government will consider any amendments to section 2.6.6.A (recommendation 12(c)), including the desired policy and implementation timelines, as part of the broader proposed policy review and amendment of Part 2.6 of the Act, which is expected to be completed in 2019–20.
Recommendation 12 Strengthen advice given to the VIT Council and VIT governance by: Appointment of independent members to relevant Council committees as detailed in this report. Establishing a program of rigorous ongoing training for Council members in relation to their role and duties as Council members, as detailed in this report. Reviewing and amending section 2.6.6A of the Act (as part of the overhaul of Part 2.6), to complement the knowledge, experience and skill sets required currently by the legislation. Particular consideration should be given to inclusion of a member with regulatory expertise on the Council. Accept in principle recommendations 12(a) and 12(b). Government to consider legislative change proposed in recommendation 12(c) Recommendations 12 and 13 relate to the Council’s committee structures and should be implemented concurrently. There are currently four sub-committees of the Council, namely: Audit and Finance Committee Professional Conduct Committee Remuneration Committee Accreditation Committee. The Government expects the Council to: appoint independent members to the Council’s as appropriate in 2018 (as per recommendations 12(a) and 13(b)). The Department will work with the VIT to implement this recommendation. implement ongoing and appropriate training for Council members in relation to their role and responsibilities (recommendation 12(b)) during 2018. The Government will consider any amendments to section 2.6.6.A (recommendation 12(c)), including the desired policy and implementation timelines, as part of the broader proposed policy review and amendment of Part 2.6 of the Act, which is expected to be completed in 2019–20. committees