Date posted: 29/07/2019 5 min read

South Australia and Northern Territory Regional Update July 2019

Update on recent and upcoming events for South Australia and Northern Territory.

In brief

  • We welcome the ATO and their four industry updates in August
  • CA ANZ will be holding an event with Merit Partners attracting Tradies over October Business Month
  • The NTCA are looking forward to having a voice on the national YCA panel and the Regional and Rural Advisory Committee

Regional Manager update

SA/NT Regional Council Mid-Year Report

With a new financial year upon us, the SA/NT Regional Council thought it an opportune time to reflect on the year so far. The best way to begin is with some key headline statistics:

  • We currently have 4,366 members in South Australia, being an increase of 161 or 3.8% from the same time last year
  • We currently have 355 members in Northern Territory, being an increase of 40 or 12.7% from the same time last year
  • We've delivered 49 events for the first 6 months across South Australian and Northern Territory
  • With 2,025 total event attendance across South Australia and Northern Territory

The strategic intent of the SA/NT Regional Council is to proactively shape the profession of the future in the region by developing opportunities for our members in the region that build value for themselves, their clients and the communities in which they live and work. With the focus of our activity shaped within the four strategic lenses of:

  • The Accounting Professional of the Future
  • Practice of the Future
  • Services of the Future
  • Communities of the Future

Key Member Engagement Achievements – Northern Territory

Aligning to the four strategic lenses and reflecting on the hive of activity so far this year in the Northern Territory, here is a re-cap of some of the key member engagement achievements and milestones:

  • The NTCA has had a great start to the year. Kicking off with their 2nd Full Day Forum in Darwin. 'Accounting Leadership & Governance for Broader Business' attracting over 120 business leaders. CA ANZ also sponsored two Indigenous CDU students to attend Forum. The NTCA have already started planning their next Forum which is likely to be held in March 2020.
  • A big focus for the NTCA is to create a community of like-minded business leaders in the Northern Territory. As the NT is quite transient the NTCA takes pride in welcoming CA members to the region. All accounting professionals are invited to join the NTCA for monthly social drinks which is a great networking opportunity to meet new and familiar faces. The NTCA regularly attends events and supports other local organisation, they most recently attended the CEDA State of Territory Event.
  • A Darwin Tax Community has been formed featuring a tax update plus special topics tailored to the needs of the participants. Alice Springs engagement is underway with a branch of the NTCA being formed to engage regional members.
  • When it comes to Student Engagement, the NT is about to launch their second Achiever Program and our CDU Student Rep is working his magic to encourage more students to take the Chartered Accountants pathway.
  • The NT looks forward to the yearly Certificate Ceremony held in Darwin and Alice Springs welcoming new students and celebrating member's achievements. It was wonderful to have President, Stephen Walker, and Regional Chair, Anna Nolan, present the certificates this year.
  • A team building event was recently held at Darwin Bowls Club celebrating the end of financial year by way of barefoot bowls.
  • NAIDOC week featured a joint IAA, CA ANZ and CPAA event speaking to the theme of "Voice, Treaty, Truth – Let's work together for a shared future". The event featured a panel style session and networking.

In terms of activity planned for the 2nd half of 2019 in Northern Territory:

  • We welcome the ATO and their four industry updates in August.
  • CA ANZ will be holding an event with Merit Partners attracting Tradies over October Business Month.
  • The NTCA are looking forward to having a voice on the national YCA panel and the Regional and Rural Advisory Committee. 

Key Member Engagement Achievements – South Australia

Aligning to the four strategic lenses and reflecting on the hive of activity so far this year in South Australia, here is a re-cap of some of the key member engagement achievements and milestones:

  • A new initiative of the SA/NT Regional Council in 2019, the inaugural South Australian Members' Forum was held in February. The event provided a fantastic opportunity for Regional Council to connect with members in the region and share their plans to raise the profile of our members as difference makers and get feedback on what more Regional Council could be doing to better support members.
  • A headline event for the SA Corporate Sector Advisory Panel, our Annual Economic Outlook Breakfast was held in March with Macquarie Group sharing their insights to just over 100 members and their guests.
  • The 2019 Audit & Accounting Conference held in May focused on ensuring that members have the most up to date knowledge in a landscape of constant change. Various industry specialists and regulators shared insights on business partnering, technology and the latest in auditing and financial reporting. Another great turnout with just under 100 members in attendance.
  • A half-day Not-for-Profit forum was held in March which guided members who work in or with the NFP sector through the changes taking shape across the sector and the regulatory environment affecting the industry. Various industry specialists and regulators shared their insights with the audience of 70 attendees.
  • 13 New Fellows from South Australia were recognised at the Annual South Australian Fellowship Presentation Dinner held at Adelaide Oval in April. The evening presented the opportunity for our Fellows to celebrate this status and to welcome the newly appointed Fellows into this prestigious group.
  • We also honoured the outstanding achievements of Rick Allert AO FCA at the Fellowship Presentation Dinner who was awarded the prestigious recognition of Life Membership, the highest honour the profession can bestow members in recognition of their exceptional career achievements and contributions.
  • The Mentor Exchange Programme connects the skills and knowledge of our experienced members in the region with early and mid-career CA's. The 2018-19 Mentor Exchange Programme drew to a close in May with 15 paired mentees and mentors participating in South Australia.
  • The 2019 Not-for-Profit Board Experience Program was held throughout March, April and May. The Program provides a group of Young CA's with an exciting opportunity to be an observer on a NFP Board and interact with the Board over several months. This year we had 12 program participants and 12 NFP organisations involved.
  • One of our key initiatives to encourage future members into the profession, the 2019 CA ANZ Employment Evening was held at the Adelaide Oval in March. The event provided a fantastic opportunity for over 300 University students to connect with 20 employers and set them on their path to become future Chartered Accountants.

Key State Government Engagement Activities – South Australia

A key objective the SA/NT Regional Council set for this year was to enhance CA ANZ's engagement with the South Australian Government. Regional Council has been working with CA ANZ's advocacy team over the last 12 months to help develop and implement strategies to engage local members in our policy advocacy and activities with the state government. Key outcomes and milestones achieved so far this year include:

  • South Australian Treasurer, The Hon Rob Lucas MLC, attended the first SA Public Practice Advisory Panel meeting in March. The Treasurer presented to the group the key policy priorities of the state government. The meeting also provided the opportunity for members in public practice to raise comments and provide feedback on the pertinent issues impacting their firms and clients.
  • The SA/NT Regional Council was invited to participate in the 2019-20 State Budget Lock-Up on Tuesday the 18th of June. Simon Graetz FCA and Suranie Alwis FCA represented Regional Council. Refer below for an overview of the South Australian 2019-20 State Budget.
  • Chartered Accountants Australia & New Zealand has been invited to be involved in the Rewrite of the Stamp Duties Act 1923. CA ANZ is being represented by Paul Tanti from Thomson Geer on the consultation working and we will update members on significant milestones or progress. There will be opportunity for stakeholders to provide their feedback directly to Revenue SA as part of the consultation process.
  • We have had initial discussions with the Office of the Chief Entrepreneur regarding the potential opportunities available for the profession to get involved with the Lot 14 innovation precinct and the broader innovation and start-up sector in South Australia. Rick Ellis, our CEO, will be meeting with the Office in August to progress the conversation.

South Australian State Budget 2019-20 Overview

South Australian Treasurer Rob Lucas MLC's 2019-20 State Budget delivered on 18 June produces an estimated surplus of $101 million in 2018-19 and a modest surplus of $94 million in 2019-20, with surplus predicted to grow across the forward estimates.

This budget continues the Marshall Government's focus on investing in key services and an $11.9 billion infrastructure pipeline over the next four years, despite a significant $517 million write-down in forecast GST revenue for 2019-20.

Economic growth measured as Gross State Product is estimated to increase to 2.5% in 2019-20 from 2% in 2018-19. Employment growth is estimated to decrease to 1% in 2019-20 from 1.25% in 2018-19.

Due to significant reductions in GST revenue and conveyance duty revenue, the Government increases borrowings, fees and charges to assist ongoing budget sustainability. 
The preparation of this year's budget papers has also been made more challenging by the need to comply with the new Australian Accounting Standards, resulting in the total Non-Financial Sector Public Sector debt increasing by $1.3 billion in 2019-20 to $16.7 billion.

While the government is reducing land tax rates to increase the competitiveness of the tax system, it also wants to ensure there is equity between taxpayers.

The South Australian Government is introducing targeted measures to crack down on individuals and companies who have reduced their land tax bills by setting up complex legal structures to avoid the land tax aggregation provisions of the Act. This initiative introduces improved land tax aggregation provisions and a surcharge on certain trusts and is estimated to raise an extra $40 million per year or $120 million over three years.

The improved approach to the aggregation of land for land tax purposes to be introduced in South Australia will include:

  • A shift to aggregating an owner's interest in every piece of land, rather than only aggregating properties held in the same ownership structure;
  • Introducing provisions to allow two or more companies to be grouped for land tax purposes; and
  • Introducing a surcharge on land owned in trusts in cases where the interests in land of trust beneficiaries are not disclosed or cannot be identified. This is designed to minimise the incentive to own properties in trust to avoid aggregation by increasing the tax payable. Exclusions from the surcharge will apply for certain types of trusts. The government will set a surcharge with the intention of minimising avoidance practices following consultation on the proposed changes.

These changes apply from 1 July 2020. The final details of the arrangements will be subject to consultation prior to implementation.

Associated with these land tax changes the government will progressively reduce the top land tax rate from 1 July 2020. The top land tax rate for the value of ownerships above $5 million will be reduced by 0.1 percentage point each year from 3.7 per cent in 2019-20 to 2.9 per cent from 1 July 2027. The initial cost in 2020-21 will be $2.7 million rising to $8.6 million in 2022-23.

SA Budget 2019-20 Infographic

Attached Chartered Accountants Australia and New Zealand’s South Australian Budget 2019-20 infographic.

Download infographic

Contact the SA/NT Regional Council

If you’d like to get in contact with the SA/NT Regional Council, please email or phone the Adelaide Office on (08) 8113 5500.

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Upcoming events

South Australia

Building Knowledge Series: Artificial Intelligence and Ethics - the Future of Work

Wednesday 14 August

CA Diversity Series: Diversity and Inclusion in Organisations

Thursday 22 August

Forum Series: Practice Forum - Now and the Future

Friday 30 August

For further details on each event listed above, including registration close date and registration link, please go to the CA ANZ Store via the link below:

Find out more

Northern Territory

For further details on each event listed above, including registration close date and registration link, please go to the CA ANZ Store via the link below:

Find out more