November Newsletter
Our 2023-24 Annual Report captures a year of meaningful engagement with our members and peers in government, key achievements and our
priorities heading into 2025. Read more about the
2023-24 year in the full Annual Report.
DSPANZ News
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2024 Security Retrospective
This year, the DSPANZ Security Committee dedicated its efforts to support DSPs and the industry with tools and insights to tackle
evolving security challenges. From thought-provoking webinars - Cyber Insurance Friend or Foe, Anatomy
of a Cyber Attack and ISO/IEC
27002:2022 Practical Overview - to drafting a security incident reporting guide, the Committee delivered impactful resources to
strengthen security practices.
We're excited to see these engaging initiatives continue in 2025. Want to shape the future of security? Join
the discussion on
LinkedIn!
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DSPANZ Representation Over
the past month, we've been attending the following working groups and meetings representing DSPs:
- ATO Payday Super Working Group
- ASIC Registry Business Advisory Group
- ATO GST Stewardship Group
- NZ DAG Payroll Working Group
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Industry News
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New
Zealand Government Introduces Stronger Requirements for eInvoicing
On 5 November, the New Zealand Government announced new Government Procurement Rules requiring more government agencies to send and
receive eInvoices and pay eInvoices within 5
business days.
The new Rules require mandated government agencies to:
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Implement eInvoicing send and receive capability by 1 January 2026, for agencies that send and/or receive over 2,000
domestic trade invoices annually
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Pay 95% of domestic trade eInvoices within 5 business days by 1 January 2026, and report payment times via MBIE.
Agencies are also tasked with paying other
invoices within 10 business days from 1 January 2025.
Are
you ready for eInvoicing?
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Commissioner
of Taxation Annual Report 2023-24
The ATO recently published the Commissioner
of Taxation Annual Report
2023-24.
The Annual Report provides an overview of the ATO's performance during the past year and updates on the following key focus areas:
- Improve small business tax performance
- Manage cybersecurity
- Address collectable debt
- Protecting the system and clients against fraud
- Multinational tax performance
- Modernising business registry services
- Superannuation guarantee
integrity
- Continue to invest in data and digital
Read more in the Annual
Report here.
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Inland
Revenue Annual Report 2024
Inland Revenue (IR) has released its Annual Report for 2024, highlighting progress in digital transformation, compliance and
collaboration. Our key takeaways from the
Annual Report include:
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With 99.2% of tax returns filed digitally and most digital interactions with the tax system handled by gateway services, IR is continuing to
invest in its digital capabilities
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IR's efforts to tackle non-compliance include leveraging analytics to prevent fraudulent claims and manage overdue tax debt, now at $7.92
billion
- IR is reducing compliance burdens for SMEs through improved online tools and
is reducing uncertainty for larger companies
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The Digital Advisory Group and collaboration with DSPANZ is allowing for DSPs to co-design solutions and contribute to New Zealand's growing
digital tax ecosystem
Read the full
Annual
Report here.
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Events
Member Spotlight
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Layer Security
Who are you? Layer
Security develops (ebMS3/AS4) messaging software.
We have a proud history of pioneering AS4 products – being among the first to roll out implementations of AS4 in Australia (SBR2 2015,
DBC
2017) and internationally (Peppol 2019). Along the way, we have worked with DSPs of all sizes and continuously contributed to many
working groups, committees and standards (ATO, DSPANZ, Peppol).
What do you do? Layer Security software modules allow DSPs to directly interact with the ATO (SBR2) or Peppol
(e-invoicing). Our products are small, fast, simple, low-cost, and easy for DSPs to integrate into accounting, tax, payroll,
superannuation,
e-invoicing, and other business applications.
For STP, running your own (internal) ebMS3 client may be much cheaper (and more secure, private and controllable) than using an
(external) SSP.
For cloud-based applications (tax, super, e-invoicing), it may be cheaper and easier to incorporate our software modules because they are
tiny (4MB), efficient (CPU, memory, disk) and fully supported with all the latest features and requirements
(ATO, Peppol).
All products are free for testing.
Where are you located? We are an all-Australian company
based in Melbourne.
Who can people contact for more information? Contact us via our website.
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Until next time,
The Team at DSPANZ.
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