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Director Identification Laws one step closer but cutting red tape must remain high priority

LAWS to create a Director Identifier Number system (DIN) are one step closer but cutting red tape for building and construction businesses must remain top of the agenda, according to Master Builders Australia.

First canvassed in the 2001 Cole Royal Commission, a DIN concept has been long supported by Master Builders as a way to help government agencies and regulators enforce existing laws far more effectively while avoiding the need for higher levels of red tape and regulation.

"Master Builders acknowledges the work of Shadow Assistant Treasurer Dr Andrew Leigh MP and his leadership on this issue. Its good news that the Government is now getting on with delivering this important initiative,” Master Builders Australia CEO Denita Wawn said.

The proposed DIN register will see company directors assigned a unique number, allowing regulators, agencies and government departments to better track and identify unfair commercial conduct and enforce existing laws far more effectively and efficiently.

"The DIN will help reduce the incidence of phoenix activity and other types of capricious commercial conduct that undermines and hurts the overwhelming majority of businesses who do the right thing,” Ms Wawn said.

In its submission to Treasury responding to a draft of the proposed laws, Master Builders expressed support for the DIN while suggesting improvements and highlighting the need to keep red tape cuts high on the agenda.

"As the DIN is intended to help regulators be more effective, there should be less need for more red tape and regulation. There is no better time than now to take stock of existing regulation and red tape to make sure it is necessary and still effective," Ms Wawn said.

"Protecting small business people from rogue operators and reducing the red tape so many small builders find suffocating must both remain top of the agenda,” she said.

www.masterbuilders.com.au

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Inquiry into music industry conducts first public hearing in Sydney

THE House of Representatives Standing Committee on Communications and the Arts will hold a public hearing in Sydney on Friday, November 2, 2018 for its inquiry into the Australian music industry.

The chair, Luke Howarth MP, said the Committee will examine the potential for continued growth and the factors affecting the success of the Australian music industry, both domestically and internationally.

The Committee will hear from a range of peak bodies, such as the Australian Recording Industry Association (ARIA), that represent and support artists, managers, and major performing arts groups.

"We are keen to hear from organisations that are working with artists — songwriters, musicians, and others in the industry — to strengthen and build businesses and careers. We want to hear how we can support and grow the reach of Australian music, at home and abroad, and gain a better understanding of the challenges faced by those working in the industry," Mr Howarth said.

The public hearing will be broadcast live on the web (audio only).

Hearing details

Date:                     Friday, 2 November 2018

Venue:                  Sydney Commonwealth Public Offices, 1 Bligh Street, SYDNEY

Program

9.00 am                Sounds Australia (Submission 95)

9.40 am                Australian Recording Industry Association (ARIA) (Submission 96)

10.20 am              Association of Artist Managers (Submission 61)

11.00am               Break

11.10 am              Australia Council for the Arts (Submission 98)

11.50 pm              Australasian Music Publishers Association Limited (AMPAL) (Submission 100)

12.30 pm              Lunch break

1.30 pm                Live Music Office (Submission 96)

2.10 pm                Music Australia (Submission 63)

2.50pm                 Australian Major Performing Arts Group (Submission 77)

3.30pm                 Finish

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Naval Shipbuilding College officially opened

AUSTRALIA'S transformative Naval Shipbuilding College has been officially opened.

The college will deliver a coordinated, national approach to workforce development and skilling for our naval shipbuilding enterprise.

Minister for Defence Christopher Pyne officially opened the College at Osborne in South Australia.

Mr Pyne said it’s an integral interface with the shipbuilding industry to identify workforce requirements throughout all phases of construction and sustainment.

“Today is exciting day for the future of shipbuilding in this country,” Mr Pyne said.

Under the management of the Naval Shipbuilding Institute, the College will also link up with education providers, as part of a hub and spoke model, to ensure courses are offered across Australia which produce workers who are job-ready.

“The College is a critical enabler of the continuous naval shipbuilding program which will build and sustain Australia’s naval capabilities, create economic growth and secure Australian jobs for decades to come.”

“I’m particularly excited to launch the naval shipbuilding workforce register.

“It enables Australians who are interested in long-term shipbuilding career opportunities to express their interest and receive assistance through the skilling and employment process," Mr Pyne said.

“The workforce register will help connect people with potential employers or education providers.

“I encourage anyone interested in working on some of the most technologically advanced, cutting edge projects anywhere in the world to register.”

The Australian Government released the Naval Shipbuilding Plan in May 2017, which outlined a long term vision to establish Australian sovereign capability in naval shipbuilding.

The Government is investing $90 billion into the continuous shipbuilding program which is expected to create 5,200 shipbuilding jobs within 10 years, with additional jobs created in the sustainment and supply chain.

Those interested can register at www.navalshipbuildingcollege.com.au

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Apprentice wage subsidy a boost for jobs in regional Australia

SMALL building businesses in rural and regional communities around the country will take on more apprentices as a result of new apprentice wage subsidies announced by the Federal Government, accpording to Master Builders Australia.

“There are more small businesses in the building industry than any other sector of the economy and thousands of them make a major contribution to strong local economies in communities around the country,” Denita Wawn, CEO of Master Builders Australia said.

“We are forecasting strong future demand for workers in our industry and our members tell us that they need more access to local skilled tradespeople to work on local projects and the Government’s initiative will create opportunities for small building businesses and young people in rural and regional communities,” she said. 

“Master Builders also thanks Senator Pauline (Hanson) for her strong advocacy for this important initiative,” Ms Wawn said.

www.masterbuilders.com.au

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Accountants must 'own' the trust market - IPA

INSTITUTE of Public Accountants (IPA) chief executive officer, Andrew Conway has told hundreds of delegates at the IPA annual national congress, that accountants must revitalise community trust in professions.

“Public expectations continue to rise in a time when overall trust in institutions is declining,” said Mr Conway.

“Trust impairment is a global trend and when you take into consideration such factors as the findings from the Hayne Royal Commission Interim Report and a growing distrust in financial institutions and financial advice, we as a profession must step up.

“Lack of trust only exacerbates people’s expectations, however, the fundamental need of people seeking trustworthy and competent professionals must still be met.

“There have been no systemic issues involving accountants and public accountants still hold the honour of being trusted advisers to their clients.

“However, as a profession we must do everything in our power to not only maintain that level of trust but also respect the community need for the trust they invest in us.

“As reflected in the interim findings of the banking royal commission, trust is in question and the brand of financial advice has been tarnished.  This means that all professional accounting bodies must stand together and rebuild trust for the sake of not just the profession but also the broader public interest,” said Mr Conway.

About the Institute of Public Accountants

The IPA, formed in 1923, is one of Australia’s three legally recognised professional accounting bodies.  In late 2014, the IPA acquired the Institute of Financial Accountants in the UK and formed the IPA Group, with more than 35,000 members and students in over 80 countries.  The IPA Group is the largest SME focused accountancy organisation in the world. The IPA is a member of the International Federation of Accountants, the Accounting Professional and Ethical Standards Board and the Confederation of Asian and Pacific Accountants. 

publicaccountants.org.au

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