Australian Government - Royal Australian Mint

Annual Report 2006-07

• Skip to content
• Table of Contents
• Financial Reports

Security and Fraud Control

A follow-up review by the Australian Federal Police of the Mint's physical and personnel security practices has determined that the Mint is maintaining effective control procedures. The Mint has attended to all of the recommendations in relation to the initial review conducted in response to the theft of a substantial volume of $2 coins by a contracted employee, reported in the Annual Report 2005-06.

The Mint finalised the 2006-08 Fraud Control Plan during the year. Recommendations arising from the Fraud Control Plan have been assigned to Mint Managers for implementation action with regular updates provided to the Mint Audit Committee. The CEO is satisfied that the Mint has in place adequate fraud control measures that comply with the Commonwealth Fraud Control Guidelines.

The commencement of building refurbishment construction activity has heightened requirements relating to security. Various control procedures have been established following risk reviews to ensure the safe and secure custody of Mint assets and resources during refurbishment.

The Mint is committed to a comprehensive, coordinated and systematic approach to the management of security risks. This has included the consolidation of various security policies and procedures; including home based work policy, security clearance processes and aftercare reporting.