The Commonwealth should lead the development of a Nation-wide Natural Disaster Risk Profile (Risk Profile) to enable the Commonwealth to identify risk reduction and resilience priorities and allow the Commonwealth, states, and territories to address agreed risk. The Risk Profile should:
- Be reviewed (including methodology) every five years but updated annually.
-Be led by NEMA and supported by PM&C.
- Encompass all components of natural disaster risk (hazard, exposure, vulnerability and response) with consideration of risk across all domains (natural, social, economic and built).
- Include consideration of the capacity and capabilities that exist to mitigate risks along with consideration of the capability to embed resilience.
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Recommendation 25
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