July Newsletter

The Your Future, Your Super measure recently passed meaning that from 1 November 2021, employers will no longer be able to use a default fund if a new employee does not select a choice fund. Instead, the employer will be required to check if the employee has a stapled fund using either the:

• Retail service accessed via ATO Online (available 1 November)
• Wholesale service accessed via business software (available mid 2022)

The ATO are currently running a survey to make an informed decision on the "request a stapled fund" service to ensure it supports current employee onboarding processes undertaken by DSPs. More information about the survey can be accessed by members via the . 

Recent Submissions DSPANZ recently provided a submission to the Transition to strengthening client verification consultation undertaken by the ATO and Tax Practitioners Board. Read about this submission here. We are also preparing submission to the following consultations: CDR Rules amendments Strengthening Australia's cyber security regulations and incentives. Find more information about both of these consultations here.

Farewell Chris Howard Chris Howard has stepped down as a Director from the Board as he has taken on a new and exciting role. The Board would like to thank Chris for his contributions to DSPANZ over his 5 years on the board including as Vice President and President. We wish Chris all the best!

Meet the Director - Sreeni Pillamarri Learn more about DSPANZ Director and Treasurer Sreeni Pillamarri, Director of Softlabs, who joined the Board at the beginning of 2021. Read More…

DSPANZ Representation Over the past month, DSPANZ has been busy attending meetings, round tables and webinars. Here's a summary of what we've been attending: Operational Security Framework (OSF) review meetings with ATO ATO DSP Strategic Working Group Council of Small Business Organisations Australia (COSBOA) Round Table Operational Framework Review Working Group OpenPeppol General Assembly Digital Transformation Agency (DTA) Digital Identity webinar Australian Small Business and Family Enterprise (ASBFEO) meeting on Digital Identity Attorney-General's Department on regtech and collaboration with software industry

Operational Framework Review Summary Learn more about the changes to the Digital Service Provider (DSP) Operational Security Framework (OSF) following its recent review. Members can access the slides and recording from a recent meeting held on the changes to requirements here. Read More…

Conversations with Attorney-General's Department and Fair Work Commission We have been meeting with the Fair Work Commission and Attorney-General's Department recently to discuss the Modern Awards Pay (MAP) database API and how we can get the industry and government to work together to solve issues around award compliance.  Members can read more on the …

New Zealand to Establish Consumer Data Right The New Zealand Government has recently announced that they will implement a new legislative framework to establish their own Consumer Data Right (CDR). Read More…

Attorney-General's Department Releases Regulatory Technology Roadmap The Australian Attorney-General's Department has recently released their regulatory technology roadmap. Learn more about the initiatives included in the roadmap and access a copy of the roadmap. Read More…

Register for Upcoming Network Events Over the next few months, we are aiming to host networking events in Melbourne, Adelaide and Brisbane. Find the details for each of these events below.  Melbourne - Wednesday 18 August Adelaide - Wednesday 25 August  Brisbane - Wednesday 22 September Please note that these events may be postponed if there are changes to local restrictions. Read More…

Until next time, 
The Team at DSPANZ.

217 Flinders Street, Adelaide SA 5000
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