October Newsletter

We've updated our Understanding DSP Software Development article to refresh the content and include a PDF version that can be downloaded. Those interested in the accompanying pack can submit the form available on the website page. Check out the updated article here. 

DSPANZ provided a submission to the Department of Industry, Science and Resources' consultation on Introducing Mandatory Guardrails for AI in High-Risk Settings on 4 October 2024. This submission provided specific feedback on the proposed mandatory AI guardrails while recognising the challenges that DSPs currently face when looking to leverage and invest in AI technologies. Read the full submission here. 

DSPANZ provided a submission to the Tax Practitioners Board's (TPB) consultation on the draft guidance surrounding the new TPB Code obligations on 3 September 2024. In this submission we highlighted the potential unintended consequences for DSPs who offer tax, accounting or payroll software products. Read the full submission here. 

Over the past month, we've been attending the following working groups and meetings representing DSPs:

• NZ DAG Payroll Working Group
• NZ Digital Advisory Group
• NZ DAG Security Working Group
• ATO Strategic Working Group

The Australian Accounting Standards Board (AASB) is hosting a virtual Q&A session on IFRS18: Presentation and Disclosure in Financial Statements (AASB18), which will replace IAS 1 Presentation of Financial Statements (AASB 101) from January 2027 for for-profit entities and January 2028 for not-for-profit and superannuation entities. The session is on 31 October from 1.00pm - 2.30pm AEDT. Find out more about the event and register here. 

The Inspector-General of Tax and Tax Ombudsman (IGTO) has published their draft work plan for reviews over the next 12 months. The IGTO is taking a new approach to systematic reviews, undertaking more frequent, shorter, sharper and more focused reviews. Access the draft work plan for 2024-25 here. 

The Australian Bureau of Statistics (ABS) and Statistics New Zealand (Stats NZ) have released a joint media statement announcing that each country will introduce their own tailored occupational statistical classifications while maintaining comparability. The new Australian classification will be called the Occupation Standard Classification for Australia (OSCA), and version 1.0 will be released on Friday 6 December 2024. The New Zealand classification is proposed to be released on 20 November 2024 and is expected to be named the National Occupation List (NOL). Learn more about the new Australian standard here and the Aotearoa New Zealand standard here. 

The Payment Times Reporting Amendment Act 2024 and Payment Times Reporting Rules 2024 recently commenced in September. The new rules will require reporting entities to include the proportion of payments related to Peppol-enabled eInvoices in a reporting period. Alongside these changes, the Regulator has released a new and improved interactive register. Learn more here. 

The Office of the Australian Information Commissioner (OAIC) recently published two pieces of guidance relating to artificial intelligence (AI) and privacy. Learn about these publications by following the links below:

• Guidance on privacy and the use of commercially available AI products
• Guidance on privacy and developing and training generative AI models. 

Don't miss out on the year's last NSW Long Service Leave Champions Course. Registrations are now open for November 2024. Learn more about the course and how you can register for free here. 

Who are you?
Established in 1983, Frontier Software is an acknowledged leader in the provision of a global HR & Payroll software solution. Our software is called ichris - (International Comprehensive Human Resource Integrated Software) and it sets the benchmark for Human Capital Management software.  Frontier Software provides HCM solutions and services to over 1,700 customers in 26 countries, from small to very large enterprises. Our software is used to provide an efficient Payroll Service from our global offices in Australia, India, Malaysia, New Zealand, Philippines, Singapore and the UK. Frontier Software ensures proven long term growth via prudent investment in its people and software products / services. A perfect solution.

What do you do?
We offer a suite of powerful HR and Payroll solutions designed to streamline your operations and enhance your business efficiency. Our comprehensive offerings include:

• Payroll Management: Accurately process payroll for employees in 26 countries, ensuring compliance with local regulations.
• Core HR Functionality: Manage employee records, time off, benefits, and more with our user-friendly software.
• Human Capital Management: Optimise your talent management processes with features like recruitment, onboarding, performance management, and training.
• Workforce Management: Improve productivity and efficiency through time & attendance tracking, scheduling, and workplace health & safety management.
• Payroll Outsourcing: Let our experienced team handle your payroll, freeing up your resources to focus on your core business.

With a global presence and a dedication to providing exceptional customer service, we're your trusted partner for HR and Payroll solutions in Australia.

Where are you located?
We have 550 staff in 16 offices throughout Australia, India, Malaysia, New Zealand, the Philippines, Singapore and the United Kingdom with clients in such diverse locations as Fiji, Papua New Guinea, Falkland Islands and St Helena.

Who can people contact for more information?
Visit our website.