The Act The Act is in 12 parts. The Risk Management Authority Section 5 – Guidelines and standards
36.This section enables the RMA (in pursuance of its policy and research function, prescribed by section 4) to produce, by means of guidelines, a common framework including standards within which those involved in the assessment and management of risk are to operate.  The standards will be defined, approved and published by the RMA.  The section also provides that those involved in the assessment and minimisation of risk must have regard to the RMA’s guidelines and standards when exercising their relevant risk management functions.  Practitioners involved in the field of risk assessment and the minimisation of risk may also be accredited for those purposes.  This matter is dealt with in section 11.