Impacting global policy and community advocacy

IMPACT POLICY GLOBALLY AND BE ACTIVE IN COMMUNITY ADVOCACY

To support this goal, there are four initiatives. Explore CPA Australia's progress on each below.

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10.00am - 10.05am

6.1 DEVELOP NEW APPROACH FOR POLICY AND ADVOCACY WORK

Media Presence

In 2018 there has been a significant increase in CPA Australia’s media presence from the perspective of policy and advocacy on issues of interest to members. The key topics have included blockchain, the Australian Federal Budget, New Zealand’s Tax Working Group review, year-end tax tips, ATO tax gap analysis, and work related expenses.

In early 2019, CPA Australia has commented widely on a number of issues:

Cost of managing tax affairs (COMTA)
Refundable franking credits policy
Hayne Royal Commission (PDF)
Pre-Budget Submission plus extensive budget coverage
ASX Corporate Governance Principles
The accounting profession and the ever-increasing regulatory costs and compliance burden
Review into the effectiveness of the Tax Practitioners Board/Tax Agent Services Act 2009 (the Act) and the Tax Agent Services Regulations 2009

10.00am - 10.05am

6.2 INCREASE POLICY AND ADVOCACY WORK

Representing Members

In November, CPA Australia represented members at the Australian House of Representatives Economics Committee on the implications of removing refundable franking credits.

Hong Kong Economic Survey

CPA Australia conducted a survey on Hong Kong’s economic outlook for 2019, the results of which were released in November 2018. The report received widespread coverage on TV, radio, print and online. View the media release in English (PDF) or Chinese (PDF).

CPA Australia China Economic Survey

A survey of 220 CPA Australia members in Greater China to measure business sentiment. View the media release in English (PDF) or Chinese (PDF).

Singapore Budget commentary

CPA Australia provided commentary on major initiatives in Singapore 2019-20 Budget (PDF).

Audit guides

CPA Australia developed joint publications with Chartered Accountants Australia and New Zealand (CA ANZ) on behalf of the Australian Auditing and Accounting Public Policy Committee (APPC) to improve audit quality.

Improving audit quality using an individual recognition and accountability framework (PDF)
Improving audit quality using root cause analysis (PDF) and individual recognition and accountability framework

Submissions

CPA Australia is providing thought leadership and representing views of members on issues affecting the profession.

View all submissions

Australian federal election analysis

Detailed analysis of the outcome of Australia’s federal election in May.

Tax tips

CPA Australia’s annual end of financial year guide for employees, investors, small business, students, and tax agents was widely reported by media outlets.

Personal income tax changes

A guide to the Australian personal income tax changes introduced in July 2019.

10.00am - 10.05am

6.3 UTILISE EXPERT MEMBERS TO COMMUNICATE POLICY

Progress will be reported against this initiative during 2019.

10.00am - 10.05am

6.4 UTILISE MEMBER FEEDBACK WHEN DEVELOPING POLICY POSITIONS

Centres of Excellence

CPA Australia has recently renewed and refreshed its Centres of Excellence – structured forums where experienced specialists assist in developing CPA Australia’s policy position.

The Centres of Excellence are:

Environmental, social and governance
External reporting
Retirement savings
Taxation.

The Board has also recently approved the establishment of two new centres:

Ethics and professional standards
Business transformation / technology.

Policy and Advocacy Roadshow

A series of events across Australia where members can provide input on CPA Australia’s position on policies announced as part of the 2019 Australian federal election, including franking credits, the cost of managing tax affairs, CGT, negative gearing, the Hayne Royal Commission and other current issues.

More than 1100 members participated in series one.

Recorded in Melbourne on Tuesday 9 April 2019.

Roadshow series part two

The Policy Update Roadshow series continues in the second half of 2019, with the Policy and Advocacy team visiting 23 capital and regional centres in Australia and New Zealand to provide members with a broad overview of current topics relevant to the accounting profession, including: