July Newsletter
DSPANZ recently shared our concerns about the implementation of
Payday Super, noting that it has been 400 days since consultations began
with DSPs. Despite ongoing consultation, we still lack clarity on the technical and operational aspects of the measure and how to integrate
it into payroll and superannuation software.
DSPANZ News
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Understanding
DSP software development
DSPANZ often talks to government agencies across Australia and Aotearoa New Zealand about the costs and impacts of compliance for DSPs to
demonstrate the importance of early and ongoing engagement with industry. We’ve summarised the challenges and costs for DSPs in the
software development process to help enable a better understanding of how DSPs approach and implement
compliance changes. Read
it here.
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Digital
ID Submission
We
provided a submission to the Department of
Finance’s consultation on the draft Digital ID Rules, Digital ID Accreditation Rules
and Accreditation Data Standards on 25 June 2024. Our submission provided overarching feedback on private sector participation in the
Australian Government Digital ID System (AGDIS) and specific commentary on select rules. Continue
reading.
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DSPANZ
Representation
Over the past month, we’ve been attending the following representing DSPs:
- Digital Advisory Group Security Working Group
- ATO Implementation of a Global Minimum and Domestic Minimum Tax Working Group
- Digital Advisory Group Payroll Working Group
- ASIC Registry Business Advisory Group
- ATO GST Stewardship Group
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Inland
Revenue Compliance
Inland
Revenue recently outlined that they will use the $29 million allocated to the department in this year’s Budget to support its
complaince activities. The Commissioner of Inland Revenue, Peter Mersi, shared that they will target student loans,
the construction
industry, taxation of multinationals and crypto asset transactions. Read
the media release here.
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ATO
Services for Tax Practitioners Event
The ATO is holding their annual Services for Tax Practitioners event in Canberra on 4 to 5 September. The event will cover areas of interest
for DSPs on Tax Time 2025 changes and future work initiatives. If you are interested in attending this year’s event, raise a ticket
via the DSP
service desk.
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Draft
User Guide for the GloBE Information Return XML Schema
The Organisation for Economic Co-operation and Development (OECD) has published the Draft User Guide for the Global Anti-Base Erosion
(GloBE) Information Return XML Schema. The OECD is calling for comments on the draft document by 19 August 2024. Learn more about
the
consultation and how to provide your feedback here.
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Allowing Small and Medium Businesses Four
Years to Self-Amend Tax Assessments
Treasury is currently consulting on the draft legislative amendments that will implement one part of the 2023-24 Federal Budget package
‘Driving Collaboration with Small Business to Reduce the Time Spent Complying with Tax Obligations’ - allowing
small and medium
businesses up to 4 years to request amendments to their tax assessments. Learn more about this consultation and how you can provide your
feedback by 9 August 2024 here.
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ANZSCO
Comprehensive Review - Consultation Round 4
The Australian Bureau of Statistics (ABS) is currently undertaking its fourth and final round of public consultation
as part of the
comprehensive review of the Australian and New Zealand Standard Classification of Occupations (ANZSCO). The ABS is seeking feedback on how
stakeholders intend to use the classification and data consumption tools and the proposed changes, draft structure and implementation of the
classification. Learn more about this consultation and how to provide your feedback by 6 September 2024 here.
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Generative AI for Government
DSPANZ is proud to sponsor Australia's largest Generative AI for Government event in
Sydney from 29 - 31 October. Dive into
insightful sessions and hands-on experiences with AI adoption, learning from top industry experts as you explore the transformative power
of AI in the public sector. DSPANZ members can enjoy an exclusive 15% discount on registration - get your VIP code here.
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Member Spotlight
Who are you?
Afirmo is a company that provides online business and accounting software specifically designed for small business owners. Currently
supporting businesses in New Zealand and planning to expand to Australia soon, Afirmo offers a comprehensive suite of tools. These include
features for
accounting, banking, marketing, and insurance, all aimed at helping small businesses streamline their processes and grow
efficiently.
What do you do?
A business set up and scale up tool that helps SMEs with setting up a new business and managing their money and tax. The app is a world
first that fully automates the calculation of income tax as well as GST. We also have other great features such as bank wallets that
encourage users to
set aside funds to save for their tax liabilities.
Where are you located?
We have offices in Sydney and Auckland.
Learn more about Afirmo here!
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Until next time,
The Team
at DSPANZ.
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