Communicate with your WA General Manager
 2007 Report to members
As the global accounting environment evolves, the Institute has to as well. So, during the last financial year, a number of important changes were made to get the organisation ‘fit for the future’. These changes, as well as other key strategic results, are discussed in the recently published Institute Annual Report The main results from last year can be summarised as follows:
Global positioning
The Institute’s global presence was boosted thanks to involvement in the Global Accounting Alliance (GAA). The Institute is the only Australian member of the GAA, which brings together the premier professional accounting bodies from nine major capital markets (representing more than 700,000 accountants), which gives us a commanding presence on the world stage – as well as being able to offer reciprocal benefits to members.
Relevance to members
The Institute provided guidance to help members in their work, including: - More than 500 training seminars including the inaugural national audit conference, and a string of sold out events that covered a broad range of business areas
- A comprehensive suite of electronic tools were developed for members, including DVDs, CDs and interactive website guidance.
Lobbying
The Institute’s lobbying efforts paid off in several areas:Drove crucial improvements to Division 7A (of the Income Tax Assessment Act 1936) and helped ensure key amendments to the Simpler Regulatory System Act
For large businesses, influenced government to remove income ceiling on the same business test and to capital gains tax amendments for non-residents
Extensive input into the government’s Better Superannuation legislation.Leadership
The Institute delivered some influential leadership campaigns, especially around the issue of differential auditing (or different assurance alternatives). An academic paper was followed by a stakeholder forum and then a white paper, which went on to influence the debate at the Sydney meeting of the International Auditing and Assurance Standards Board.
Growth to ensure a sustainable future
Another priority for the Institute was ensuring new accountants enter the profession. Last year:- Chartered Accountants Program candidate enrolments increased and candidate satisfaction figures were higher than ever
- Record attendances were seen at Careers Marketing events, which promote Chartered Accounting as a career to high school and university students, and opinion leaders
- A new route was established to allow high calibre, non-accounting graduates to enter the profession.
 If you would like a hard copy of the 2007 Report to Members (including concise or full financial statements) please contact Reception on 9420 0400.
For information on events, programs and initiatives held in WA, see Western Australian Annual Report 2006/07
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Business Breakfast Series
 Saul Eslake, Chief Economist, ANZ
'Global and Australian economic outlook for 2008 and beyond'
Date: Tuesday 27 November 2007
Venue: King's Park Function Centre
Time: 7.15am - 9.00am
ANZ is one of the largest companies in Australia and New Zealand and a major international banking and financial services group, one of the top 50 banks in the world. In September, ANZ was ranked the most sustainable bank globally in the Dow Jones Sustainability Index (DJSI) for 2007, with a score of 86%. It is also the only Australian company to be assessed as a global sector leader in the DJSI.
Saul Eslake has been ANZ's Chief Economist since August 1995. He was previously Chief Economist (International) at National Mutual Funds Management (1991-95) and Chief Economist at McIntosh Securities, a stockbroker (1986-1991). Outside of ANZ Saul is a member of three Federal Government advisory panels - the Trade Policy Advisory Council, the Foreign Affairs Council, and the Tourism Forecasting Committee.
Join us for this business breakfast, where Saul will provide an global and Australian economic outlook for 2008 and beyond.
Registration
 This event is proudly sponsored by ANZ.
Enquiries: Sam Huigens on 9420 0413 or email
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AGM and 10, 25 & 40 year celebration
 The 2007 Western Australian annual general meeting was held at the Perth Convention & Exhibition Centre on Wednesday 17 October and combined with a celebration for Chartered Accountants who have achieved 10 years, 25 years and 40 years of membership. Members of the WA Council, Rob DiMonte FCA - President, WA Board representative, Derek Parkin and around 100 members also attended the event.
This year, two members were recognised for their substantial contribution to the accounting profession in WA - Julie Keene and Joe Pierluigi (pictured left).
Con Abbott, General Manager, used the AGM as an opportunity to outline highlights for the Institute in WA during 2006/07.
Julie Keene, Joe Pierluigi and Andrea Hall retired as councillors by rotation. Andrea Hall stood for re-election and nominations were received from John Palermo and Jo-Anne Long. As no other nominations were received, Andrea, John and Jo-Ann were duly elected.
Immediately following the AGM a ceremony to mark the following achievement of Institute membership was held:- 120 members reached the ten year milestone in 2007 with 29 attending the event to commemorate the occasion. Justin Manolikos, one of those members being recognised, responded on behalf of the group
- 52 members reached twenty-five years membership in 2007 with 22 attending the event. Frank Cornelius, one of those reaching the twenty-five year milestone, responded on behalf of the group.
- 15 members reached the forty year milestone in 2007 with 9 attending the event. Bob Dunn, one of those members who reached forty years of membership, responded on behalf of the group (pictured right).
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Football & Touch Rugby Carnival
The Institute, the Young Chartered Accountants committee and UWA Sports would like to thank all those who participated in the 2007 Football & Touch Rugby Carnival.
KPMG, Ernst & Young and PwC shared the A Grade fixtures. Ernst & Young were defending their title, and for the fourth year in a row the final came down to KPMG v Ernst & Young, but Ernst & Young claimed the shield outright, being undefeated all day.
(Photo above: Ernst & Young team captain with Con Abbott)
BDO Kendalls & Pitcher Partners made up the B Grade final. It came down to the wire in the dying seconds of the game when BDO scored a goal to win by one point.
(Photo right: BDO team captain with Con Abbott)
Following an all PwC touch rugby final at the last carnival, this time round it came down to a final between PricewaterhouseCoopers competing against Ernst & Young for the shield. And the winner was…… PricewaterhouseCoopers!
Most valuable player awards went to Mark Trewhella of Ernst & Young in the A Grade football, Lucas Meaney of Pitcher Partners in the B Grade football and Jesse Newton of Ernest & Young in the Touch Rugby division.
(Photo left: PricewaterhouseCoopers team captain with Con Abbott)
A big thank you to Emma & Tom’s Life Juice for providing some deliciously refreshing drinks on the day!
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Womens Chartered Accountants Series
An evening with Kate Lamont
On Wednesday 10 October around 40 members attended 'An evening with Kate Lamont' the first session in the 2007/08 Women Chartered Accountants series.
Kate spent the evening discussing her personal journey, wine and business achievements and passionately sharing her thoughts on tourism in Western Australia, nurturing talent in business and motivating us all to 'never never give up!'.
Attendees also had the opportunity to sample delights from Lamont's cellar door and restaurant during the wine and food matching section of the evening. Kate talked us through each course of the tasting with an infectious down to earth enthusiasm for all ingredients. It was a truly indulgent ending to such an inspirational evening.
The Institute would like to thank Ernst & Young for sponsoring the series and to Fiona Drummond and Rachel James of Ernst & Young for ensuring that everything ran smoothly on the night.
We are currently in planning for the 2008 sessions of the Women Chartered Accountants series, we aim to have some news about future events in the very near future. In the meantime if you have any queries regarding the Women Chartered Accountants series, please contact either Claire Curnow on 9420 0406 or email or Sam Huigens on 9420 0413 or email
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The Speechwriter
Written & Directed by Anna Bennetts
Amy Fidler, staff member at the Institute by day and film and theatre producer by night would like to offer Institute members a discounted rate to see the latest theatre piece she is producing.
With the Federal Election just around the corner, The Blue Room and Eggshell Stomp Productions bring you the world premiere of this timely satire. Politically apathetic Steve Hart disappoints his left-wing mum Josie when he gets a job writing speeches for the right-wing Prime Minister. A story about a mother’s need to let go, set against the backdrop of our political times.
Starring: Ethan Thomas, Claire Munday, Dan Luxton, Brodie Caporn, Dave Maquire and Alex Manfrin as the Prime Minister
Producer: Amy Fidler
Production Design: Brad Reid
Lighting Design: Aaron Stirk
Sound Design: Alan Thompson
Venue: Blue Room Theatre, 53 James St Northbridge.
Dates: November 1 – 10 Tuesday – Saturday
Time: 8.00pm
Preview: Wednesday October 31
Cost: $20.00 / $12.00 concession
ICAA Members Discount $18.00 / $12.00 concession (quote member number to receive discount)
Bookings: 9227 7005 or www.pacs.org.au
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Focus session leaders
Members have the opportunity to apply to become a focus session leader this month for modules offered in the Chartered Accountants Program in 2008.
A focus session leader helps candidates engage with the practical application of the technical material within a module. They guide candidates in the application of the theory to work based situations and help them identify any gaps in their knowledge.
The highlights of the role are:- The opportunity to contribute knowledge and experience to the training of future Chartered Accountants
- The experience of facilitating and leading a group-learning situation
- Being remunerated, while ‘giving back’ to the profession
- Earning qualifying hours.
To be a focus session leader a Chartered Accountant, or person with comparable and recognised overseas qualification, must have a minimum of two years work experience in a relevant technical area.
The five modules of the Program are: Taxation, Audit & Assurance, Management Accounting & Analysis, Financial Accounting & Reporting, and Ethics & Business Application. The Ethics & Business Application module requires a broad understanding across all the technical areas.
For more information:- Members interested in becoming a focus session leader for the Chartered Accountants Program please email: registration.nsw@charteredaccountants.com.au
- To register your interest, please complete the Expression of interest for Focus Session Leaders form and fax to: 02 9262 3953
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Advancement to fellowship
If you have been a member of the Institute continuously for ten years and have been in a senior position for seven years, you may nominate for advancement to Fellowship.
Advancement to the status of Fellow also requires you to have demonstrated professional leadership as a Chartered Accountant. This can be in regards to your involvement in- The Institute
- The community or
- In employment
Management looks at the following criteria when reviewing nominations:
- Demonstrated leadership in the profession as evidenced by the applicant’s responsibilities in employment or public practice and by contribution/s made to the Institute and/or the community
- Been a member of the Institute for a minimum continuous period of ten years
- Held, while a member, a senior position in employment or in public practice; or a combination of thereof, for at least seven years.
Service as a member of an approved overseas body can be included when calculating the period required under Regulation 603.1.2 and 603.1.3.
Regulations
Nominations should be made by two Chartered Accountants who will testify as to the applicant's suitability for advancement in status based on the member having met the prescribed criteria indicated in Regulation 603. If a member being nominated or invited has not fulfilled the prescribed criteria in Regulation 603.1.2 and 603.1.3, consideration can be given for advancement to Fellowship if it can be shown that the member has made a significant contribution to the accounting profession.
Why apply for fellowship?
'Being a fellow of the Institute symbolises the recognition by your peers that you have reached a certain level of professional expertise and that you place a high value on being a part of a distinguished profession.' – Peter Eastwood FCA.
'Fellowship recognises service to your profession and or the community over and above the norm. We encourage our children to serve at school, sporting clubs and community causes to make them and society better. Although it isn't done for recognition, recognition is healthy and builds self-esteem in people and communities. Fellowship is another form of honouring those who serve. I consider Fellowship very important along with other forms of recognition in building a strong, generous and healthy community.' - Tony Horgan FCA.
'Fellowship of the Institute is highly valued by me because it is a recognition of contribution to my professional body over many years. I am proud of my membership of the premier accounting body in Australia and particularly proud to be recognised with fellowship status.' – Geoff Kidd FCA.
Lodgement of application
Nominations are processed in the Institute's National office (Sydney). All fellowship nominations are then considered by the General Manager, Chartered Accountants Program and Admissions division according to the criteria set by the Institute’s National Board.
Application form
Fees
There is no fee for advancement to fellowship.
Contact us
Telephone: 1300 137 322 (Monday to Friday 8am to 6pm NSW EST/EDST hours excluding public holidays)
Email: service@charteredaccountants.com.au
Fax: 02 9262 4841
Address: GPO Box 3921 Sydney NSW 2001
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Business Leader Awards
Nominate your number 1 Business Leader now
Who will be Australia’s Number 1 Business Leader for 2008?
Do you know a leader who has:Vision
Innovation
Commercial acumen?To name just a few of their qualities. Then nominate now at Awards
Don’t let another day die!
The Chartered Accountants Business Leader Awards, proudly partnered by Perpetual, are Australia’s highest accolade in business, celebrating the wealth of business talent in Australia.
The Business Leader Awards recognise and celebrate outstanding business leadership in Australian organisations across a whole spectrum of industries with the winners being announced at a gala event in Sydney on 14 March 2008.
2008 nominees will be judged on their ability to demonstrate visionary leadership, exhibit best practice, show innovation and take risks, foster positive employee relations and contribute to the community as well as displaying honesty and integrity.
Some previous winners include Dr. Brian McNamee, managing director, CSL Limited; Allan Moss, chief executive officer, Macquarie Bank; Paul Little, managing director, Toll Group and Michael Chaney, managing director, Wesfarmers.
Nominations close Friday, 16 November 2007.
The award night is at Doltone House, Jones Street Wharf, Pyrmont on Friday, 14 March 2008. Table bookings for this prestigious event are available now at $2000 for a table of eight.
Relevant links:
Nominate now for the Awards
Table bookings
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Western Australia - November 2007
This issue
1. Communicate General Manager
2. Business Breakfast Series
3. AGM and celebration
4. Football & Touch Rugby
5. Womens CA Series
6. The Speechwriter
7. Focus Session Leaders
8. Advancement to Fellowship
9. Essential Information
10. WA directory of services
11. Staff News
12. Notice Board
13. Counselling Support
14. Business Leader Awards
Essential Information: Institute limitation of liability schemes
Have you ever anxiously noted the passing of the statutory limitation period on a problematic engagement? Or decided that the risks involved in providing certain services were too great? Or struggled with asset protection issues? If you answered ‘yes’ to any of these questions, the Institute has some good news. The limitation of liability schemes have just been approved and we encourage you to act now in order to benefit from these schemes. Read on to find out how this will benefit your practice
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WA directory of services
Advocacy/Government lobbying
Contact: Con Abbott on 9420 04127 or email
Careers marketing, students & graduate employment
Contact: Erin Pawson on 9420 0405 or email
Contact: Claire Curnow on 9420 0406 or email
Chartered Accountants Local News
Contact: Fran Ooi on 9420 0412 or email
Chartered Accountants Program
General Enquiries: 1300 137 322 or email
Contact: Event delivery team on 9420 0400 or email
Customer Service Division -
Local events including Business breakfasts, CA Program ceremonies, Presentation of Certificate Ceremony, Sharing Knowledge series and sporting events.
Contact: Amy Fidler on 9420 0414 or email
Contact: Event delivery team on 9420 0400 or email
Notice Board
Contact: Fran Ooi on 9420 0412 or email
Relationship Management
Contact: Sam Huigens on 9420 0413 or email
Training & Development
Contact: Brian Martin on 9420 0403 or email
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Staff News - In-house Training
 Brian Martin has recently taken on the role of Business Manager, In-house Training. Brian is responsible for the development of the Institute's training and development programs in WA with particular emphasis on its In-House training service, which offers tax and professional development training solutions for public practice and commerce.
Originally from Ireland, he hold's a Master of Business Studies degree from University College Dublin Graduate School of Business and prior to joining the Institute worked in sales and marketing positions in the tourism and biotechnology sectors in Europe, USA and Australia.
The Institute’s In-House Training programs are a cost and time effective means of developing your staff. Our experts will work with you on-site to determine and conduct a fully tailored program.
The Institute offers this innovative service in direct response to the demands of members. Training incorporates up-to-date, accurate and practical information that will enable you to maintain a highly skilled workforce and achieve effective business solutions > more
Contact: Brian Martin on 9420 0403 or email
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Chartered Accountants Notice Board
Noticeboard is a free service to Chartered Accountants on the WA page of the Institute’s website Notice Board and is an excellent forum to:- Buy or sell a practice or fees
- Voluntary and honorary positions available for non-profit and charitable organisations.
For further information or to submit a notice, please contact Fran Ooi on 9420 0412 or email
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Counselling support for Chartered Accountants
Facing an unfamiliar or challenging professional circumstance? Uncertain about a career decision? Under pressure to act unethically?
Talk to someone who knows. Contact the Chartered Accountants Advisory Group (CAAG). It's confidential and free, and constituted by highly experienced Chartered Accountants from Western Australia. Con Abbott, General Manager Western Australia, says at times it is important to have someone to turn to who is experienced in the accounting profession, who understands the issues and is able to provide empathy, advice and support.
To be placed in contact with a CAAG counsellor please contact Con Abbott on 9420 0407 or email
(The Chartered Accountants Advisory Group counsellors cannot address technical or legal matters)
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The official e-newsletter of the WA region of the Institute of Chartered Accountants in Australia
ABN: 50 084 642 571
GPO Box Z5385 St Georges Tce
PERTH WA 6831
Telephone: 08 94200 400
Email: WA office
State Office Information
Editor
Fran Ooi 08 9420 0412
email
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