2.2 How do you define success in terms of more specific goals?

  • Determine the specific goals (success goals) you are seeking to achieve by addressing the risk.
  • Identify the positive and sustainable changes you want to see in relation to the key compliance obligations and community confidence.
  • Success goals must be achievable and realistic.
  • Express these success goals in measurable terms.
  • While there is no set number of success goals, you need to be realistic about what actually can be done.
  • Ensure the overall desired outcomes are adequately reflected in your success goals.

Example of a success goal

Rental property investors correctly declare their rental income and claim only those deductions to which they are entitled.

Last modified: 19 Jan 2015QC 21200