If not managed appropriately, conflict of interest can undermine confidence in the public sector and damage the reputations of organisations and individuals.
There is nothing unusual or necessarily wrong in having a conflict of interest. It is crucial, however, that conflict of interest is managed to protect the public interest. This page provides organisations with guidance and tools to manage conflict of interest risks, including a model policy and declaration form templates.
Model conflict of interest policy and declaration form templates
The Victorian Secretaries Board endorsed a model conflict of interest policy and supporting materials to assist the public sector to manage conflict of interest risks.
Adopting and implementing the model policy and declaration form templates is consistent with requirements under the codes of conduct for Victorian public sector employees and employees of special bodies. The codes of conduct require public sector body heads to develop and implement policies and procedures tailored to their own operating environment to support the application of the code, including the effective management of conflict of interest.
Implementing the model conflict of interest policy
The model policy sets expected standards for managing conflict of interest within public sector organisations. Public sector body heads should build upon the model policy to reflect risks associated with their organisations’ functions and activities, and implement the policy within their organisation.
- Assessing your organisation’s conflict of interest risk
- Implementing the model conflict of interest policy
The model policy is based on three core principles for the management of conflict of interest:
- Acting in the public interest
- Being accountable for your actions and decisions
- Taking a risk-based approach