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
Public Commentary

Since 2018 there has been a significant increase in CPA Australia’s media presence with our public commentary focusing on issues that matter most to members, the profession and the public interest.

In 2019 we have received widespread coverage in national, metro and regional media – including print and online newspapers, industry publications and radio. Our commentary has covered a variety of topics in 2019:

  • Australian Federal Budget
  • Announced policies of the major parties for Australia’s federal election
  • End of financial year tax time messaging
  • Tax tips
  • Regulatory Burden on public practitioners
  • ASX Corporate Governance Principles
  • Government proposals to limit cash transactions
  • Review into the effectiveness of the Tax Practitioners Board/ Tax Agent Services Act 2009 (the Act) and the Tax Agent Services Regulations 2009
  • CPA Australia’s 10th annual Asia-Pacific Small business Survey

Independent monitoring of Australian media shows continued improvement in CPA Australia’s favourability rating against industry benchmarks.

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.

Submissions are made in response to calls for comment by government, regulators and standard setters. CPA Australia’s submissions are informed by input from members and are made on behalf of members and the profession.

In 2019 we’ve made more than 40 submissions to governments, regulators and industry stakeholders in Australia, Asia, Europe and New Zealand, across a range of disciplines:

- Audit and Assurance
- Economics
- Environmental, Social and Governance
- Ethics
- Financial Planning
- Financial Reporting
- Not-For-Profits
- Taxation

Major submissions have been:

Pre-Budget submission to the Australian Government – 2019-20 (PDF) 
ASIC – Cost recovery and search fees (PDF) 
FASEA – Relevant Providers Exam Draft Legislative Instrument (PDF) 
IASB – Financial Instruments with Characteristics of Equity (PDF) 
Tax Practitioners Board review – joint submission with CA ANZ (PDF)

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.

#AuditorProud day
Thursday 26 September – #AuditorProud day is a day when auditors from across the globe celebrate the profession in online forums. CPA Australia ran a social media campaign to encourage auditors to get involved and post about their experiences on the day.

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:

  • The Federal Government’s tax and superannuation policy agenda post-election
  • Financial planning, superannuation, retirement savings and aged care reviews
  • Parliamentary Committee Inquiry into the regulation of auditing in Australia
  • Regulatory burden
  • Financial reporting
  • Climate Change policy
Final Report on the Banking Royal Commission

A summary of recommendations (PDF) and call for input from members to inform CPA Australia’s position.

Sectors

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