April Newsletter
We’ve officially published the Data Minimisation and Retention: Best Practice Guidance for Australian DSPs! This best
practice
guidance aims to assist Digital Service Providers with adapting their data retention and minimisation practices to reflect the current
technical and cybersecurity environment better.
DSPANZ News
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Access
Point Issues Form
Did you know that DSPANZ operates an anonymous Google Form for Peppol Access Points across Australia and New Zealand to raise issues
they’ve encountered and how they’ve solved them? We have a dedicated page on our website where eInvoicing providers can
access the form and also view previous
submissions which are shared for the benefit of the A-NZ Peppol community.
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DSPANZ Representation
Over the past month, we’ve been attending the following representing DSPs:
- A-NZ Peppol All Stakeholders Working Group
- Improving Small Business Tax Performance Workshop
- NZ Digital Advisory Group - Payroll Working
Group
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Singapore
GST InvoiceNow Requirement
The Inland Revenue Authority of
Singapore (IRAS) is implementing a phased adoption of InvoiceNow for GST-registered businesses starting
from November 2025. This requirement will be implemented in three key phases:
- From 1 May 2025 for voluntary early adoption by GST-registered businesses
- From 1 November 2025 for newly incorporated companies that register for GST voluntarily
- From 1 April 2026 for all new voluntary GST registrants.
Singapore’s
Infocomm Media Development Authority (IMDA) will also be extending the benefits of InvoiceNow to newly incorporated
businesses under its InvoiceNow Accelerate program from this month. Learn more about the GST
InvoiceNow Requirement here.
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TaxLeopard’s
AI Smart Tax Assistant: Simplifying BAS and Tax Returns for Gig Works and Sole Traders
TaxLeopard,
a tax accounting platform with CPA accountants, has partnered with InnovateGPT and RMIT University to develop the AI Smart Tax Assistant,
specifically designed to support gig economy workers and sole
traders in Australia. This innovative tool utilises generative AI and machine
learning to facilitate the easy submission of BAS and tax returns and on demand tax assistance, which are then reviewed and lodged by CPA
Accountants directly with the ATO. The collaboration draws on RMIT’s research expertise and InnovateGPT’s cutting-edge
technological innovations, streamlining tax management and compliance to make the process more accessible and efficient for small
business
owners. Read
more.
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Closing
Loopholes Upcoming Changes
From
August 2024, there are important changes to the Fair Work Act taking effect,
including:
- Changes to casual employment laws
- Right to disconnect (this doesn’t apply to small business employers until 2025)
-
New minimum standards and protections for some ‘employee-like workers’ in the gig economy and contractors in the road transport
industry.
Keep up to date with new and upcoming changes via the Fair
Work Ombudsman’s dedicated Closing Loopholes section on their website
which contains a visual summary of the key changes and their start dates as well as workplace relations help and other support.
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Who are you?
Workstem is a cloud-based payroll and workforce
management SaaS platform. Workstem streamlines all HR tasks, from employee onboarding, rostering, timesheet, leave, and expense claims
to payroll, superannuation and STP, in an all-in-one HR system.
What do you do?
Payroll
&
Workforce Management System
Where are you located?
North Sydney
Who can people contact for more information?
Head to our website here
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Until next time,
The Team at DSPANZ.
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