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Whatever the size and purpose of the club, managing risk is a key board responsibility. Boards should develop a risk management framework that involves a process to identify all risks facing the organisation and implement effective risk management strategies.
It is essential that an organisation regularly review its’ risk exposure across all facets of the organisation. Through this process, organisations should address the likelihood and impact of all possible incidents and assess the actions required to minimise, avoid, or eliminate potential risks.
In addition, some events often need a comprehensive risk assessment to be done (i.e., the hosting of a large sporting event). In this situation, a business case should be developed as part of normal risk management processes to assess the impact and potential outcomes, negative or positive, of such an event.
For Victorian based sporting organisations, the Victorian Child Safe Standards (the Standards) apply to all sporting organisations that provide services or facilities to children within Victoria. This is a legal requirement for sporting organisations of all sizes from grassroots clubs all the way through to National Sporting Organisations. The Standards relate to developing a child safe culture within an organisation and include requirements to have practices, procedures, and policies in place to prevent and respond to allegations of child abuse.
In addition to this, Principle 4 of the Australian Institute of Company Directors, Good Governance Principles and Guidance for Not-for-Profit Organisations, outlines some of the common types and categories of risks to be considered. This includes, but is not limited to:
- Employment issues (e.g. wrongful dismissal, harassment)
- Volunteers (e.g. injury to the individuals themselves and/or damage caused to others or property as a result of their inadequate training or screening)
- Physical spaces and equipment (e.g. fire, workplace health and safety issues, theft or misuse, public liability)
- Records (e.g. legal requirements to keep records, confidentiality)
- Cash receipts and payments (e.g. inaccurate records, lack of internal checks and balances) and
- Financing (e.g. grant dependent organisations)
It can be helpful to think of risks in broad categories, such as:
- Compliance risks (e.g. failure to lodge statutory information in allowed time)
- Financial risks (e.g. loss of funding, insolvency, expense blow-out)
- Governance risks (e.g. ineffective oversight)
- Operational or program risks (e.g. poor service delivery)
- Environmental, including event risks (e.g. natural disasters and states of emergency)
- Brand and reputational risks (e.g. due to exacerbated stakeholder or community perceptions, from major event failure or adverse performance commentary via traditional and/or digital and social media channels) and
- Strategic risks (e.g. altered stakeholder behaviour, increased funding competition)
The board should implement an effective compliance system to ensure that:
- The organisation complies with all relevant statutes, regulations and other requirements placed on it by external bodies,
- Effective internal controls exist and there is full and accurate reporting to the board in all areas of compliance,
- The organisation is financially secure and is able to meet all its financial obligations when they fall due, in the normal process of business, and
- The legal duties of individual board members are upheld, including the requirement of board members to:
- Act in good faith and for a proper purpose,
- Exercise due care and diligence,
- Ensure the organisation does not continue to carry on its business while insolvent, and
- Meet the requirements of various other federal and state laws that directly impact on the organisation.
The following documents provide further information and guidelines on risk management and compliance:
Risk Management Principles and Guidelines (Australian Government)
Insurance and Risk Management for Community Organisations (Justice Connect)
Thanks to VICSPORT for this detailed information.
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In FY25, Victorian Keno players enjoyed almost 10 million wins worth more than $131.9 million.
For many club patrons across Victoria, FY25 was a year to remember – all thanks to a life-changing Keno win.
Victorian players had a standout year, tallying over 9.9 million Keno wins collectively worth than $131.9 million in prize money.
In FY25, Keno players across the eastern states of mainland Australia celebrated more than 76 million wins collectively worth more than $1.2 billion.
During this time, Keno crowned 20 millionaires and multi-millionaires who together took home more than $57.9 million. Two of these major jackpot winners were from Victoria.
Laverton woman thanks ‘manifestation magic’ for Keno win
A Laverton woman shared she was left thanking the universe after she scored a $60,000 Keno Classic 8 Spot prize at Club Laverton in the weeks leading up to last Christmas.
“It was a big surprise! Especially coming up to Christmas, it’s perfect!” she cheered.
“Do you want to hear something really funny? I just wrote in my diary the day before winning, ‘Thank you, universe, for my Keno 8 Spot win’. Then it really came true!
“I’m a firm believer in the law of attraction and manifestation, and I love affirmations!
“It was awesome seeing all eight numbers pop up on the screen.
“I’ve had a few wins in Keno over the years. It’s like the stars align for me when I play - it’s my thing!”
Club Laverton manager Gus Alimovski said the team happily shared in the excitement with their major Keno winner.
“What an incredible win for our patron! It’s always great hearing these winning stories, and now we have another one to share with our patrons,” he said.
“We’re thrilled for our customer, and we hope to see more Keno winners in our venue soon.”
All eyes on a winning FY26
Keno’s National Partner Manager Luke Harrison said he couldn’t wait to see which Victorian clubs welcomed the next big Keno winners.
“Last financial year, players at Victorian clubs celebrated some impressive victories,” he said.
“A key highlight has been the growing popularity of Keno’s Bonus and Replay features among club patrons. This trend reflects how venues are successfully connecting with their customers, sharing updates on jackpot increases, promotional offers, and game enhancements.
“When players opt into Keno Bonus, they unlock the chance to multiply their winnings by up to ten times, while the Replay option adds another layer of excitement.
“Many players are still unaware of these features, making it vital for staff to start conversations and educate them on the full range of Keno possibilities!”
Mr Harrison said the solid Keno performance at Victorian clubs last financial year laid a strong foundation for continued success in FY26.
“Clubs across Victoria are embracing fresh approaches to elevate the customer experience, and Keno’s rising popularity is playing a key role in that journey,” he said.
“There’s also a wide array of Keno resources available to clubs, from eye-catching point-of-sale materials to engaging promotions, all designed to keep the game front and centre.
“As the new financial year unfolds, Keno is looking forward to celebrating more big wins for Victorian club patrons, and more success stories for the clubs that host them.”
Contact your Business Development Manager to find out how Keno can best support your club in FY26.
Visit Keno Connect for more information on maximising Keno in your club - www.kenoconnect.com.au
