Date posted: 21/08/2018 5 min read

WA News August 2018

Find out what’s been happening in Western Australia

In brief

  • Events wrap up
  • Upcoming events

Recap of last month’s events/activity

We welcome new member Anna Lane CA to the Regional Council, who is filling the casual vacancy position left by Matthew Allen following his move to the USA. Anna brings her knowledge experience of CAs in ommerce to the council, as she also sits on the CAs in business panel and leads their C-Suite sub-committee, as well as holding the position as Executive Manager – Corporate Services at the WA Football Commission.

MADALAH Ball

Members of Council represented CAANZ at the recent MADALAH Ball on 8 August. MADALAH is a not-for-profit organisation, which offers education scholarships for Indigenous students from remote and regional WA communities. In the past year, CAANZ have partnered with member organisations to promote business and accounting careers for these talented scholarship students. The ball raised scholarship funds for more than 16 individuals.

Future of Work luncheon

Representative CA members hosted a joint boardroom lunch with Committee for Economic Development of Australia (CEDA) trustee members at the end of July. Julie Harrison, Deloitte Human Capital Partner, presented a discussion titled, the Future of Work.  It was a fantastic opportunity for both of our organisations to engage and resulted in a spirited discussion with almost all attendees taking notes on the themes and topics of conversation.

Merit recipients

In the WA office, we welcomed merit award winners from the recently completed Taxation, Audit and Assurance, and Capstone Modules. Special thanks must be made to all the members and special guests in attendance on such a cold winter’s evening. Congratulations again to all of a Merit award and Top of State award winners on a job very well done!

Building Knowledge Session – Mental Health Awareness

The Building Knowledge, Mental Health Awareness session with David Kernohan - CEO of the WA AIDS Council took place on Wednesday 18 July. We had 27 members in attendance to learn and discuss how to communicate with clients about mental health issues.

Young Chartered Accountants Strategies for Success – Learning Bites Series

The third instalment of the Young Chartered Accountants Learning Bites Series took place on Thursday 19 July. Sixty members learnt about Crypto Currency and how it integrates with Blockchain. The session also discussed how through use of a new transactional layer, users can pay generators directly for goods and utilities, such as the electricity they consume, turning the existing electrical network into an energy internet.

YCA Not-For-Profit Board Experience Close Event

The 2018 NFP Board Experience Pilot Program came to a close on Wednesday 2 August. What a successful accomplishment from the YCA Panel and the WA regional office! Positive and constructive feedback was received from both mentees and mentors, who cannot wait to participate in the next 2019 program. We are accepting registrations from mentors now – call the WA office for more details. Members wishing to be  should stay tuned for further details.

Building Knowledge Session – Indemnity Insurance

We recently held a Building Knowledge Session focusing on Professional Indemnity Insurance 101 with Sarah Richards, Special Council at Sparke Helmore Lawyers. Sarah covered the fundamentals of professional indemnity insurance, along with examples of indemnity issues/pitfalls that arise in practice. More than 20 attendees familiarised themselves with the documents that form the contract of insurance, in order to understand the basis of cover under claims made policies, the duty of disclosure and the changing policies.

Indoor Soccer Carnival 2018

The fiercely contested Chartered Accountants Australia and New Zealand Indoor Soccer Carnival returned to Lords Sports Centre on Sunday 19 August. In this World Cup year, we had a record 19 teams take part in this year’s carnival. Players of all levels and experience got amongst the action across two divisions: Social Mixed for those who were out for a laugh with colleagues, and for the more serious teams, the prestigious Premier League. To find out who was victorious in 2018, head to our LinkedIn and Facebook articles for the results and photos.

Upcoming Events

CA Program (TAX318 and AAA318) Welcome Evening – Monday 3 September

On Monday 3 September, we will hold the CA Program Welcome Evening for candidates who are enrolled in their first module. The panel will feature one of our CA Study Masterclass Facilitators, a representative from the Young Chartered Accountants Committee, and a previous Provisional Member. The session will provide crucial information to new candidates and advice from the panellists on their key insights to succeeding in the CA Program.

Estate Planning and Your Client - Public Practice Breakfast and Update, Wednesday 12 September

According to the most recent Intergenerational Report, the next 15 to 20 years will see the greatest transfer of intergenerational wealth ever, with the number of Australians aged over 65 doubling from now until 2055. Chris Schoeman, MKT Taxation Advisors Tax Manager, will teach attendees how to assist clients with considering and preparing an estate plan, which takes into account what they would like to see happen to their assets, their entities including businesses and their super, before and after they die.

YCA S4S Learning Bites - Personal Finances and Superannuation, Wednesday 12 September

Superannuation is a way to save for your retirement. But what can you do to ensure you have enough in your account to live comfortably post-working life? This session will help you learn how to get ahead of your finances, recognise your spending and saving habits, and how to identify and avoid common pitfalls. Presented by Westminster National Finance Broker Michael Cane; CPS Capital Associate Director Ashok Desai and BT Financial Group Partner and Executive Financial Advisor Clint McNally, the trio will discuss what you can put in place now to prepare for your future.

CABs Seminar – Global Macro Outlook - Wednesday 19 September

Nathan Lim, Morgan Stanley's Head of Wealth Management Research, will discuss the latest thinking on the world economy and how you should be positioning your portfolio. From tax rates in the US to growth rates in China, there's no shortage of intriguing developments in global markets. Making sense of it all requires insight, expertise and vast resources. Nathan will distil the output of Morgan Stanley’s award-winning global research team into actionable themes to help you make investment decisions. This is an update on key macro trends you should be aware of and what they mean for Australian investors. For more information and to register, please email registration.wa@charteredaccountantsanz.com.

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