Chair Report
A cocktail party was hosted for senior business professionals during the Chartered Accountants Graduate and Vacation Employment Evening at the Adelaide Convention Centre. The guest speaker was Josh Mackenzie who discussed developing and keeping generation Y.
Josh's presentation was interactive and brought a refreshing perspective to the generational debate and discussion about the 'war on talent'. His presentation offered a different approach to dealing with generation Y and he encouraged employers to look beyond generational differences. Josh discussed a number of requirements that generation Y has of their employer. Josh highlighted that the main reason generation Y chooses to stay with their current employer is if tailored training and development to suit the individual is offered. According to Josh if you get this right, and you are on the pathway to an outstanding retention record.
The evening was a great opportunity to network amongst peers and Josh's insight into generation Y left the audience with a better understanding about the number one issue of staff retention.
I encourage you to attend a presentation should you have the opportunity to hear Josh speak.
Garry Whitelock FCA
Chair
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Regional General Manager's Report
Last year, in July, the Institute's nationally revamped structure came into effect with a new Customer Service Division. We introduced you to the new team members in Relationship Management and the Customer Service Division in South Australia and Northern Territory in the August edition of Chartered Accountants Local News. Now that everyone has been working in the new structure for almost a year, I felt that it would be appropriate to feature the whole team with a brief description of their duties. This should make it easier when you contact us.
Mark Jones, General Manager SA/NT, I plan, lead, direct and manage the performance for the South Australian and Northern Territory region of the Institute to ensure that it achieves its strategic business goals and key performance indicators.
The rest of the Relationship Management team are:
 Morag Wallace, PA to General Manager, is personal assistant to the general manager, provides administration support for the Regional Council as well as coordinating events and ongoing customer service.
 Peg Miller, Relationship Manager - Students, Educators and Employers, develops and manages a relationship management strategy in South Australia and Northern Territory to increase awareness of a career in business as a Chartered Accountant amongst students, educators and employers.
 Sophia Smit, Administration Coordinator, provides administrative support for the relationship management team as well as ongoing customer service.
 Susan Cameron, Relationship Manager, develops and implements a relationship management strategy within the region in order to generate business solutions for members and increase awareness of the Institute.
The regional event delivery team are part of the Customer Service division and consist of:
 Leanne Griffiths, Team Leader Event Delivery, leads and manages the regional event delivery team through the activities, workload and resources required for the successful delivery of all local events, including conferences, seminars, workshops, Chartered Accountants Program modules, and member services events.
 Danielle Skurray, Event Specialist, is a member of the Customer Service division and is the first point of contact for the Institute in Adelaide providing quality customer service to all of our members, students, the public and staff. She provides support to the Event Delivery team, as well as assisting with the general maintenance of the South Australian branch.
 Emily Robinson, Event Specialist, is a member of the Event Delivery team within the Customer Service division. She coordinates the high quality delivery of events including Training and Development conferences, workshops and seminars, Careers Marketing and member service events.
 Fiona Hopkins, Event Specialist, has been with the Institute for nearly three years within the Customer Service division. She is responsible for the coordination and high quality delivery of events including our annual Business Forum and other Training and Development conferences, workshops and seminars. She also assists with various member service events.
 Kerry Tonkin, Event Specialist, has been with the Institute for five years and is a member of the Event Delivery team within the Customer Service division. She is responsible for the delivery and coordination of high quality events including Chartered Accountants Program exams, Training and Development conferences, workshops and seminars, sporting days, new members presentation ceremony and assists with the running of our Business Forum.
 Rachael Klepczynski, Event Specialist, is a member of the Event Delivery team within the Customer Service division. She coordinates the high quality delivery of events including Chartered Accountants Program focus sessions and exams, Careers marketing and member service events.
 Tracy Gower, Manager Policy and Business Process, Chartered Accountants Program and Admissions, undertakes this national role for the Chartered Accountants Program and Admissions division based in the South Australian office. Her role involves development of policy and standards associated with the entry requirements for the program and member admission, including university accreditation and practical experience.
 Brian Martin, Business Manager, is acting as Business Manager, Training and Development in South Australia while Annie Mitchell is on maternity leave. He is based in Perth and is responsible for the development of the Institute's training and development programs within Western Australia, South Australia and Northern Territory, with particular emphasis on its in-house training service, which offers tax and professional development training solutions for public practice and commerce.
I hope this information assists you when you contact us.
Mark Jones
General Manager South Australia, Northern Territory
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Certificates of Public Practice: significant changes for some members
Changes to Certificates of Public Practice (CPPs) will mean a reduction in administrative red tape for many members. However, some members who did not previously require a CPP will now have to apply for one.
The changes will be effective from 1 July 2008.
What are the main changes?
- Some members now require a CPP, when they did not previously. Similarly, some members who previously required a CPP, no longer do so. Members can use an interactive guide to clarify their position
- The Quality Review Program will continue to focus on members' holding CPP, but will now place reliance on members' licensing obligations and the quality control procedures they have in place under the financial services legislation
- Members who are:
- An Australian Financial Services Licence representative
- An Australian Fincial Service Licence authorised representative
- A holder of a statutory registration who does not offer the services that are detailed in the registration
are not required to apply for a CPP in respect of that qualification, but must notify the Institute of their status using this interactive guide
- Many members will now pay less for their CPP. The thresholds for the concessional nil rate will increase from $2,000 to $7,500, and the one-third rate will remain for members earning less than $25,000 ($50,000 for retired members).Cancellation/Upgrade form
- If members hold a CPA Australia practising certificate, they may qualify for an exemption from the Institute CPP.Exemption form
Why does the Institute require members to hold a CPP?
Members work within a co-regulatory environment, and as such, the Institute is required to ensure the highest standards are being met. This helps the Chartered Accountants brand and reinforces the integrity of members in the business community. Members holding a CPP may also benefit from a cap on their liability
More information
If, having used the interactive guide members require further assistance, they can visit www.charteredaccountants.com.au/cpp or email for further assistance.
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Business Forum 2008 is almost here - register now
The Institute's annual premiere event, Chartered Accountants Business Forum is set to tour around the country and will be hosted at the Adelaide Convention Centre, from Wednesday, 7 - Friday, 9 May.
This is an opportunity for members to join the business industry as they gather to hear the latest updates, review current issues and plan for the future.
With a powerful, practical and flexible schedule delegates can also create tailored packages by selecting from over 60 sessions, earning more than 20 qualifying hours.
Sessions available range from business management, financial planning and leadership to accounting, SMEs and professional development programs just to name a few.
A special feature this year will be the option of scheduling a free one-on-one session with the Institute's local business manager at Business Forum. This consultation will provide delegates with the opportunity to develop a customised training plan for their team covering personal development, technical or general business skills.
Register or find out more information about Business Forum 2008 today. Regional and Northern Territory delegate discounts are available.
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Key announcements from the International Innovation Network
The International Innovation Network (IIN) held its bi-annual conference in Amsterdam in February to establish the vision, mission and key objectives for the next three years.
IIN Chairman, Jan Pasmooij, from Royal NIVRA highlighted that the network has proved to be a valuable vehicle to facilitate networking and information sharing between its members.
'The IIN has evolved from a focus in its early days on products and services to an international network providing members with outstanding opportunities for knowledge exchange, sharing strategies and building relationships,' said the Chairman.
Stimulated by learnings from participation with the IIN, the Institute carried out an internal restructure and created a Membership Marketing division earlier this year with a focus on providing value to members at every stage of their careers. This was based on the effective member support model used by fellow IIN member American Institute of Certified Public Accountants.
The conference covered key industry issues for accounting bodies such as:
- How to meet the needs of female members
- Best practice in delivering online Training and Development, and the
- Research results from the IIN public practice and business surveys.
It was resolved that the main purpose of the IIN is to continue to focus on information sharing, research and networking between the 16 member institutes in areas of relevance to members. The key areas of relevance cited were attracting students to the profession, providing valuable products and services to members, and branding.
Background
The IIN comprises 16 national accounting institutes from the Asia Pacific region, Europe and the Americas. It was formed in 2002 with the aim of fostering innovation and enhancing quality in the products and services offered to and by its members. The Institute is the only Australian member of the IIN.
Relevant links:
Key announcements from the Global Accounting Alliance
Summary of the key announcements from the New York Board meeting in February.
IFAC attendance
International Federation of Accountants President Fermin Del Valle, Deputy President Bob Bunting, and Chief Executive Officer Ian Ball attended part of the GAA meeting to discuss items of mutual interest such as the importance of their standard setting function and their activities over the coming year. The IFAC leadership team has a standing invitation to join the GAA Board at future meetings.
Accounting for sustainability
The GAA and its constituent member institutes are now formally members of the Prince of Wales Accounting for Sustainability forum from which a report of the same name has been produced. The Accounting for Sustainability forum is made up of businesses, investors, public sector organisations, accounting firms, and other relevant stakeholders. It is envisaged that the forum will meet annually with the next meeting in December 2008 being a conference-type event with a keynote speech from the Prince.
The forum is coordinated by the Institute of Chartered Accountants in England & Wales and includes all members of the GAA together with the Association of Certified Chartered Accountants, the Chartered Institute of Management Accountants and the Chartered Institute of Public Finance and Accountancy.
Mutual recognition
The Institute has completed work to confirm our mutual recognition of seven institutes' (all except AICPA)qualifying programs reciprocity with the Chartered Accountants Program.
Background
The Global Accounting Alliance has been formed by the world's premier accounting bodies to promote quality professional services, support the global membership, share information and collaborate on international accounting issues. The GAA represents 700,000 members worldwide making the qualification one of the most widely accepted accounting designations. The Institute is the only Australian accounting body within the alliance that includes professional accounting organisations from America, Canada, Hong Kong, England & Wales, Ireland, Scotland, New Zealand and South Africa.
Relevant links:
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New member presentation
Please diarise Wednesday, 10 December for this year's New Members Presentation. Further information will be sent out to all new members/merit winners in due course. Please contact Kerry Tonkin on (08) 8113 5511 with any queries.
2008 Touch football & netball carnival
Sunday, 13 July
Immanuel College, Novar Gardens
Get a touch football and/or netball team together with colleagues, organise some drinks and nibbles (or utilise the onsite catering) and bring the family along for a great day.
Registration forms will be sent out to firms shortly or email your interest to Kerry Tonkin kerry.tonkin@charteredaccountants.com.au
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News from the Knowledge Centre
LexisNexis update
Many LexisNexis products are now available to members and candidates via the website as part of our free trial programs, which is updated monthly. We are keen to get your feedback on these products. Click here to access the LexisNexis free trial program.
The latest edition of the Retirement and Estate Planning Bulletin is now available. This bulletin provides expert analysis of retirement and estate planning issues in areas including superannuation, wills and probate, testamentary trusts and business succession. Click here to access the LexisNexis Riterement and Estate Planning Bulletin.
Book sale
The Knowledge Centre had a large delivery of new books in February, which meant it was time to remove previous editions. These items are in great condition, have fantastic content, and are now available for purchase by members. To find out which books are available for sale this month visit our website.
New books in the Knowledge Centre
The latest book titles added to the Knowledge Centre's collection are listed below. Brief reviews of these items can be found in the Knowledge Centre area on the Institute's website. New books include:
- Anti-Money Laundering Handbook
- Killer CVs and hidden approaches: give yourself an unfair advantage in the job market
- Linkage Inc's best practices for succession planning: case studies, research, models, tools
Click here website to access the book summaries.
Australian Articles - April 2008
Follow the link below to access articles from around Australia on a wide range of general interest, accounting and business topics. The Institute's copyright licence precludes us from supplying these articles electronically, however print copies can be ordered from the Knowledge Centre. Summaries on these articles can be found in the Knowledge Centre area of the Institute's website. Selected articles include:
- Inside their heads (self-managed superannuation funds)
- Integrating superannuation strategies and estate planning
- Foreign tax credits and overseas investment: more reform necessary?
- Harmonised breach reporting for superannuation trustees
- Deadlines then fines (carbon management)
- Product design emerges as key (superannuation fund product offerings)
- Avoiding thumbs down (executive remuneration packages and shareholder opinion)
- What women want (women in executive positions)
Click here to access the article summaries.
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Leighton Holdings' Wal King named 2008 business leader awards winner
The Institute of Chartered Accountants in Australia together with Perpetual, named Wal King, Chief Executive Officer of Leighton Holdings Limited, the winner of the 2008 Chartered Accountants Business Leader Award.
Mr King received Australia's highest accolade in business at the ninth Business Leader Awards held at Luna Park in Sydney on Friday, 14 March 2008 hosted by Ali Moore and attended by many of Australia's senior business executives.
This year's Business Leader Awards was the most hotly contested yet, with more than 170 nominees vying for the title. The nominees represented the wealth of business talent in Australia and were judged on their ability to demonstrate visionary leadership, exhibit best practice, show innovation and take risks, foster possitive employee relations and contribution to the community.
Sydney-based Mr King has headed Leighton, Australia's largest project development and contracting group, for more than 21 years. In that time he has overseen a transformation in Leighton, from a mid-tier contractor, with a market capitalisation of $100 million, to one of the leading contractors in the Asia/Pacific region.
Receiving the award, Mr King said he was honoured to be chosen as the 2008 business leader, particularly from such an impressive field of nominees.
"It is a great pleasure to receive this award which reflects the successes we have achieved as a team at the Leighton over many years. But we aren't going to rest on our laurels", said Mr King. "Ultimately in business, you grow or you die. So we are continuing to pursue a number of strategic initiatives that will allow the Leighton to keep growing and for shareholders to be rewarded."
The Outstanding Chartered Accountant in Business Award winner was awarded to Michael Ullmer, Deputy Chief Executive Officer, National Australia Bank, who is based in Melbourne.
Other winners on the night included Sydney based Andrew Mohl, former Chief Executive Officer, AMP who won in the Banking and Finance sector and Melbourne based Owen Hegarty, Managing Director and Chief Executive Officer, Oxiana, won the Mining and Resources sector.
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Wanted: finance director
The South Australian Little Athletics Association (SALAA) is seeking a highly professional and community minded Chartered Accountant to volunteer as finance director on the SALAA Board of Directors.
The SALAA has a successful 35 year history of promoting positive attitudes and a healthy lifestyle through family and community involvement in athletic activities.
Association with this high profile organisation is a solid development opportunity for a Chartered Accountant looking to further develop their skills and networks.
The finance director will be responsible for the preparation of monthly financial statements to be presented to the Board of Directors signing of cheques, coordination of the budget and annual audit conducted by an external audit firm.
Participation in the regional sporting days at Santos Stadium is also encouraged.
Expressions of interest for this voluntary position can be forwarded by email to Randall South at randalls@kewines.com.au.
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Chartered Accountants Local News - SA
Content
- Regional Chair Report
- Regional General Manager's Report
- Changes to Certificate of Public Practice
- Business Forum 2008
- Key announcements from the International Innovation Network and Global Accounting Alliance
- Advance notice of Touch football/netball and Presentation of Certificate dates
- Knowledge Centre
- Business Leader Award Winner
- Financial Director Wanted
- Diary Dates
Diary Dates
10 April - Financial Planning Day
14 April - Accounting Update and AFS Licensees
29 April - Business Valuation Special Interest Group
7-9 May - Business Forum
20 May - CA Women's networking lunch
22 May - CA Program Term 2 Orientation Session
23 May - Accounting for Income Tax
Editor: Sophia Smit
Ph: 08 8113 5505
E-mail sophia.smit@charteredaccountants.com.au
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