Date posted: 16/07/2018 5 min read

Tasmania Regional News July 2018

Updating you on recent and forthcoming activities in Tasmania

In brief

  • Update from Paul Breen, Tasmania Chair
  • Update from Duncan Pittard, Regional Manager

July 2018 Tasmanian Regional Council Chair update

It was wonderful to see so many members at last month’s cocktail function in Hobart – it was a fantastic night and a great chance to share a drink and a chat with the CA ANZ Board.

I would like to congratulate and thank both CA ANZ Board member Mike Blake FCA, who received the CA ANZ Meritorious Service Award for his outstanding service to the organisation and Robert Groom FCA, who was recognised with a CA ANZ Fellowship for his tireless efforts.

The Tasmanian Regional Council also had the pleasure of CEO Rick Ellis and Board member Mike Blake FCA, attending our May meeting and they provided us with an insightful opportunity to discuss how we can align the resources of the organisation to tackle several important advocacy issues at a state level.

As the daylight hours get shorter and the working hours inevitably get longer at the end of financial year, I would like to draw your attention to an article by CA ANZ Tax Leader Michael Croker about preparing for the unique new challenges tax time in 2018 will present for CAs in public practice.

With the ATO set to deliver their biggest ever tax time education campaign, as well as signaling that it will focus on the large tax gap for individuals, it is now more important than ever for CAs to focus on the steps that need to be undertaken to protect your clients, your practice and your personal brand.  \

In this article, Michael presents a number of interesting points to consider, including how to manage client risk, leadership of junior staff and value adding to your clients through discussions of recent legislative developments and the Federal Budget. The end of financial year has always been a good time to train staff on any new developments and Michael suggests special attention should be paid to the “What’s New” section of the ATO’s 2018 Form I instructions, especially considering the ATO is reportedly undertaking Form I random audits.    

Read Michael's Article 

Click on the link to read the full article featured on LinkedIn

As part of this month’s update, I would also like to introduce you to CA ANZ Tasmanian Regional Councillor, Anita Robertson CA. Anita is based in Hobart and has been on the Council for five years, bringing with her 17 years of finance and accounting experience.

Through her current roles as Chief Financial Officer and Company Secretary at Metro Tasmania and Director at General Practice Training Tasmania, and through past experience at PwC and Deloitte, Anita has developed an invaluable skill set which lends itself perfectly to her corporate and government businesses council portfolio.

As a Graduate Member of the Australian Institute of Company Directors, Anita is passionate about the effective governance of organisations, holding a particular interest in the financial management of not-for-profit organisations as evidenced by her work as Director and Chair of the Finance Sub Committee at Lady Gowrie Tasmania.

If there is anything the Council or CA ANZ can assist you with, or if you have an issue you’d like us to look into, as always, please get in touch with me.

Paul Breen FCA
Chair - Tasmanian Regional Council

Regional Manager Update 

Future of Business

Last month, Chartered Accountants ANZ released the latest report in the future[inc] series – the Future of Business, confirming that today’s rapidly evolving commercial environment calls for businesses to be increasing agile.

Rick Ellis, CEO of CA ANZ, notes that, “Agility is a word that is bandied about a lot these days”. Nonetheless, the report, based on 1,500 responses from business leaders on both sides of the Tasman, found 55% of businesses that report being above-average in terms of agility were also experiencing above-average revenue growth.

It makes agility a new metric to work towards.

Business agility is often conflated with business size. There is a prevailing perception that large businesses are too weighed down by bureaucratic systems to respond to change, while small businesses are free from such processes, making them agile and innovative.

In reality, agility is far more complex than this dichotomy, and the Future of Business highlights that agility is a characteristic that business leaders cannot afford to overlook.

To allow businesses to think in a more tangible way about how agility affects their performance, the Future of Business breaks the concept of agility down into five separate elements: flexibility, speed, leanness, learning and responsiveness.

More information about the Future of Business can be found here.

World Congress of Accountants, Sydney: 5-8 November 2018

The program for the World Congress of Accountants being held in Sydney between 5-8 November has recently been finalised. The theme for the congress is “Global Challenges, Global Leaders” and will provide fantastic education, thought leadership and networking opportunities with over 6,000 accounting professionals from over 130 countries.

Speakers include Ban Ki-Moon, Founder of Ban Ki-Moon Centre for Global Citizens, Professor Niall Fergusson of Harvard Business School, Rachel Botsman, Author of “Who can you trust” and many others.

There are special rates for CA ANZ members so please visit the WCOA website for more information.As always, please do not hesitate to contact me if you have any issues you would like to raise, and I look forward to seeing you at a Chartered Accountants ANZ function or event in the very near future.

Duncan Pittard
Regional Manager – Victoria & Tasmania

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