THE independent review of the Tax Practitioners Board (TPB) and the Tax Agent Services Act 2009 (TASA) recommended a new governance forum to consult tax practitioners on significant legislative changes, including the Code of Professional Conduct. The Federal Government supported this recommendation in its response to the review.

To implement this recommendation, the Tax Practitioner Governance and Standards Forum (TPGSF) was recently established. The TPGSF is co-chaired by the TPB Chair and CPA Australia, and includes representatives from professional associations, the TPB, the Australian Taxation Office and the Professional Standards Council.

The TPB chair, Ian Klug said, "The establishment of this forum is an important step in implementing the various TPB and TASA reforms supported by the government.

"This forum is a new platform for the TPB to hear from practitioners and associations about the impact of new policy and standards upon their industry and we look forward to working with our co-chair and other members of the forum."

The TPGSF held its inaugural meeting on July 6, 2021.

Commenting on the inaugural meeting, co-chair Elinor Kasapidis from CPA Australia said, "The inaugural meeting went well with representatives expressing their keen interest to be involved early in the consultation phase of any legislative changes and implementation of administrative measures of the TASA and TPB reforms. The members also endorsed the TPGSF Charter and discussed the key priorities of the forum at this meeting."

A summary of key messages from this inaugural meeting is now available on the TPB website. 

About the Tax Practitioners Board

The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct. Twitter @TPB_gov_au, Facebook and LinkedIn

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WEALTH manager Atlas Advisors Australia has taken a significant stake in a key health asset, Broadway Medical Centre at Ellenbrook, Western Australia.

Atlas Advisors Australia is a co-investor in ASX-listed Elanor Investors Group’s Elanor Healthcare Real Estate Fund which purchased the property 150 Coolamon Boulevard, growing the portfolio to more than $201 million.

It is the fifth acquisition since the fund was established in March 2020.

Atlas Advisors Australia is a major shareholder in Elanor’s Burke Street Health Care Real Estate class which is comprised of two fully occupied A-grade premises including the Princess Alexandra Hospital Burke Street Centre, in Brisbane, Queensland.

It also manages two other healthcare real estates in the Elanor Healthcare Real Estate Fund – a multi-tenanted medical office and day surgery at Spring Hill, Brisbane and multi-tenanted medical office and day surgery at Pacific Private, Southport, Gold Coast.

Executive chairman of Atlas Advisors Australia, Guy Hedley said Broadway Medical Centre was another high-quality commercial healthcare acquisition with secure tenancies in an important health district.

The 1596sqm building which houses the Broadway Medical Centre is fully leased with nine tenancies. Ellenbrook is about 30km north of Perth.

“Demand for private healthcare facilities including day and short-stay hospitals is increasing with more elective surgery shifting outside public hospital settings,” Mr Hedley said.

“Along with strong growth prospects, these assets also present further opportunities for expansion and development.”

Mr Hedley said healthcare was the at core of Atlas Advisors Australia commercial property interests.

“We are looking forward to further expanding into healthcare in partnership with expert fund managers Elanor Investors Group,” Mr Hedley said.

About Atlas Advisors Australia

Atlas Advisors Australia is a leading funds manager operating between China and Australia. With operations in Sydney and Melbourne in Australia and Hong Kong, Atlas is able to support investors in all China and Australia locations.

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AUSTRALIAN GOVERNMENTS should work together to establish a 10-year national strategy on homelessness, according to a report of the House of Representatives Standing Committee on Social Policy and Legal Affairs released today.

In its report, the Committee makes 35 recommendations which propose a renewed approach to preventing and addressing homelessness in Australia.

The committee’s recommendations include a stronger focus on prevention and early intervention, wider adoption of the ‘Housing First’ principle — which would see housing made available to people who are homeless or at risk of homelessness as an immediate priority — and new approaches to increase investment in social and affordable housing.

The committee’s recommendations also include more crisis, emergency and transitional accommodation, improvements to data collection and reporting, and a new funding model to ensure that housing and homelessness services are provided to those most in need.

Chair of the committee, Andrew Wallace MP, highlighted that a coordinated national approach is needed to bring down the number of people who are experiencing or at risk of homelessness.

Mr Wallace said, "This week marks National Homelessness Week, which is a reminder that homelessness is all too common in Australia. Each night, tens of thousands of Australians are without a place to call home, while many others are at risk of becoming homeless. We know that the impacts of homelessness can be profound and long-lasting.

"While the states and territories are responsible for housing and homelessness, a clear and consistent message to the committee was that there is a need for a national approach. A national strategy would lead to better coordination, more accountability and a stronger focus on the policies that work—prevention and early intervention, providing housing as a priority, and encouraging more investment in social and affordable housing."

Mr Wallace said, "There is no quick fix to end homelessness in Australia, but the committee’s recommendations set out a way forward for all levels of government to work together, alongside community organisations and the private sector, to achieve a real reduction in the number of people who are homeless or at risk."

A full copy of the committee’s report can be found on the inquiry’s website.

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THE RESOURCES sector will continue to follow strict Covid-19 protocols in the wake of the lockdown of 11 LGA’s in Queensland to protect employees and regional communities from the virus.

Queensland Resources Council (QRC) chief executive Ian Macfarlane said the safety of employees and resources communities had been the sector’s highest priority since the Covid pandemic began last year.

“Our industry is in regular consultation with the Queensland Premier, Chief Health Officer (CHO) Queensland Health and the Department of Resources to make sure everything possible is being done to keep resource industry workers and the communities they live and work in safe,” he said.

“Our sector has gone above and beyond expectations by implementing even stricter guidelines and protocols than requested by the CHO, an effort which has been recognised by the Premier and the CHO.

“We’re extremely grateful that so far, we’ve not had a single case of Covid transmission at a Queensland resource industry site, but we will continue to be vigilant.”

Measures underway in the resources sector to protect the community from Covid-19 include:

• Companies are only moving FIFO workers from the 11 locked down LGAs where it is essential to keep operations working.
• Companies are carrying out health checks and temperature testing staff at the QRC’s facility at Brisbane Airport prior to workers flying to regional areas, and before entering workcamps and worksites. In some situations, rapid testing (RDT) is being deployed as an extra measure.
• All workers who have left SEQ since 1am Friday are observing lockdown protocols at their destinations and are isolating in their accommodation when not at the worksite.
• Face masks are being worn at all times when travelling, and on the worksite where it is not unsafe to do so. Social distancing is practised in the workplace wherever it is practical to do so.
• Wherever possible FIFO work teams are being separated from local workforces in the workplace.
• The resources industry is deemed an essential industry and employees are going to work with full permission of the Qld Government, CHO, Qld Health and the Department of Resources.
• The industry is in regular consultation with the CHO, Government and its departments and travel to and from worksites is performed under a strict set of protocols which exceed those required by the Qld Chief Health Officer.

All on-site cleaning is performed in accordance with the protocols laid down by the CHO. Companies have COVID Safety Plans which cover these processes and comply with directions and protocols.

www.qec.org.au

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