CELEBRATING its 10th anniversary, the Tax Practitioners Board (TPB) has released a new corporate plan for 2020-21, outlining its purpose, vision and values for the coming year.

In his introductory message, TPB chair, Ian Klug said the role of the TPB is to support the public and enhance the integrity of the tax profession.

"On our 10th anniversary, our vision speaks powerfully to the important role we play not only in upholding the broader integrity of the tax system but also in implementing whole-of-government reform initiatives," Mr Klug said.

"The way we achieve our purpose, as set out in this plan, includes supporting honest practitioners, who make up the large majority, through registration services, complaint resolution, investigations of alleged misconduct and, where appropriate, sanctions."

Mr Klug said the Australian community generally has high levels of trust in its tax practitioners – with over 71 percent of taxpayers choosing a tax professional.

"This year we want to improve our services for those tax practitioners who model professional and ethical conduct," he said.

Mr Klug also refered to the TPB compliance program, modified to target high risk tax practitioners, particularly those who have attempted to defraud government stimulus measures.

He said in 2020-21 there would be an increased focus on these and unregistered advisers, expecting 1,000 investigations to be completed.

"Sanctions, such as suspensions and terminations, will be imposed after review and decision by our independent board – supporting community confidence in the integrity of the system and providing a deterrent to misconduct," Mr Klug said.

Mr Klug said the TPB was "continually evolving, taking insights from government reviews" and refers to "opportunities to support government decisions on reforms arising from the Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry".

He also said the TPB awaits the government decisions on the recommendations arising from the independent review of the TPB, "subject to these decisions, we are confident that the TPB will continue to effectively serve the community into the future."

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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MASTER BUILDERS Australia is calling on the Federal Government to fund a new initiative, CommunityBuilder Grants, in the October Federal Budget to activate the construction of community and non-for-profit facilities, in its Pre-Budget Budget Submission released yesterday.  

“We are calling for the Federal Government to adapt the highly effective HomeBuilder scheme model to do for the commercial construction sector what they done for the housing sector,” Denita Wawn, CEO of Master Builders Australia said. 

“Commercial construction activity will suffer a major fall of more than 17 percent in 2020/21 according our latest forecasts. 

“This will put under the viability of thousands of SME commercial construction businesses and the jobs of the thousands of tradies they employ, unless the Government steps in with measures such as CommunityBuilder,” Ms Wawn said. 

“We propose that CommunityBuilder would involve the Federal Government providing applicants from the not-for-profit and community sector with grants to fund 25 percent of the construction, up to a capped amount for example $5 million, for facilities such as community centres, toilet blocks, libraries and training centres. 

“Grant recipients could supplement CommunityBuilder grants with state and local government grants, but they would need to come up with the rest of the funds. Grant recipients with ‘skin in the game’ increases the impact of taxpayer’s stimulus measures and ensures projects will be constructed with value for money in mind.

“Our modelling shows that an investment of $3.8 billion in CommunityBuilder would return a $6.8 billion boost to GDP and create 13,000 new jobs,” she said. 

Since the onset of the pandemic the Prime Minister has always advanced the protection of jobs as his highest priority. The Governor of the Reserve Bank has consistently shared the PM’s sentiment and he reinforced it again on Friday when he told the Parliament that government’s should more worried about unemployment than anything else and that “fiscal spending with get people back to work.

“Our industry has more businesses on JobKeeper than any other sector of the economy and Master Builders is gravely concerned about their continuing viability and the livelihoods of the people they employ,” Ms Wawn said. 

“That is why we are calling on the Government to including funding of our the CommunityBuilder grants proposal in the October Budget. As the sector with the third largest economic multiplier effect in the economy, commercial construction is vital to building a bridge to economic recovery and saving jobs.

Read MBA Pre-Budget Submission 

www.masterbuilders.com.au

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THE AUSTRALIAN Taxation Office (ATO)  has implemented changes to the JobKeeper employee eligibility rules following the registration of the Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No.7) 2020. 

These changes mean employers already enrolled in JobKeeper may be able to receive the JobKeeper payment for more of their employees.

"We have released new information on www.ato.gov.au/JobKeeper to further support employers with JobKeeper payments in these difficult times," ATO Deputy Commissioner James O’Halloran said.

"Importantly the key date for assessing which employees are eligible for JobKeeper is now 1 July 2020, rather than 1 March 2020. Additionally, employees that meet the eligibility requirements can now be nominated by a new employer if their original employment with a JobKeeper employer ended before 1 July 2020. Employees can still only be nominated by one employer at any given time.

“JobKeeper enrolments are still open. We encourage all businesses to review the eligibility criteria and if eligible, enrol in the program to start receiving JobKeeper payments. Employers already receiving JobKeeper are encouraged to review the new eligibility criteria against all employees and updated guidance is now available on our website,” Mr O’Halloran said.

Employers should start paying new eligible employees a minimum of $1,500 per fortnight from the JobKeeper fortnight 10, which commenced on August 3.

For the fortnights commencing on 3 August 2020 and 17 August 2020, the ATO is allowing employers until 31 August 2020 to meet the wage condition for all new eligible employees included in the JobKeeper scheme under the 1 July eligibility test.

Employers can commence claiming for the JobKeeper reimbursement for the new eligible employees from 1 September when they can lodge their August monthly declaration claim.

“The ATO is here to support those doing it tough and knows how vital the JobKeeper payment is to the community," Mr O'Halloran said. "We have provided more than $37 billion in JobKeeper payments to around 989,000 businesses and not-for-profits. This means around 3.6 million individuals are now covered by JobKeeper.”

Individuals, sole traders, small or medium business having difficulty meeting tax and super obligations because of COVID-19 can contact the ATO’s Emergency Support Infoline on 1800 806 218 to discuss tailored support options.

“We are committed to providing the community with the help they need through this difficult period, and have a range of practical support options available,” Mr  O’Halloran said.

Further announcements by the Federal Government regarding the extension to the JobKeeper Payment program are subject to the passage of legislation. These changes will not impact JobKeeper payments until after September 28, 2020 and guidance will be provided in due course, according to the ATO.

For information about current JobKeeper support and assistance available from the ATO and information about the JobKeeper extension go to www.ato.gov.au/JobKeeper. For information about other support and assistance available from the ATO go to www.ato.gov.au/coronavirus.

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MASTER BUILDERS Australia is calling for an extension of the Federal Government’s HomeBuilder grants scheme in its Pre-Budget Submission. 

“We want to see the Federal Government extend what has been the most effective government stimulus measure in a decade for an additional 12 months,” Denita Wawn, CEO of Master Builders Australia said. 

“Despite the undeniable success of HomeBuilder so far, we have downgraded our forecast for the housing sector by 25 percent for 2020/21 so that we are now predicting a 27 percent fall in homebuilding activity compared to 2019/20.

“This will be calamitous for many of the nearly 370,000 home building businesses that are vital to local economies and communities throughout Australia unless the Government steps in with extension of HomeBuilder and other stimulus measures,” Ms Wawn said. 

“Our modelling shows that, based on the Government’s estimate that HomeBuilder Mark I will cost $680 million, that a one year extension, or HomeBuilder Mark II, will require an investment of $1.3 billion, return a boost to GDP of up to $4.5 billion, create more than 4,500 additional new jobs and result in the construction of more than 6,000 new homes in addition to those created in HomeBuilder Mark I.

“The Federal Government showed its commitment to builders and tradies when it announced HomeBuilder Mark I and they must be given credit for that. They should now double down to secure to further jobs by including HomeBuilder Mark II in the October Budget,” Ms Wawn said. 

www.masterbuilders.com.au

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THE Independent Education Union of Australia NSW/ACT Branch (IEUA NSW/ACT) has welcomed the announcement that NGS Super and Australian Catholic Super intend to merge.

The planned merger will create a large fund with more than $21 billion under management. It will have over 200,000 members servicing independent and Catholic schools and the community services sector across Australia.

"This merged fund, which is still to be named, will create an inclusive fund with nationwide reach, which understands the non-government education sectors and the needs of our members who work in them," an IEU spokesperson said.

"After decades of coexistence and competition, the joining of these two significant funds will enable them to channel their energies more fully into providing the best possible service, to the benefit of members and employers."

As reported in today’s Financial Review, the chairman of NGS Super and former IEUA NSW/ACT Branch secretary, Dick Shearman, said the merger would deliver economies of scale and the ability to improve member services.

The board of the new fund will still have an equal number of member and employer representatives, and the IEU will retain the right to appoint directors.

The union said it looked forward to continuing its close relationship with the fund through sponsorship of union events and hosting super and financial education sessions for our members in union venues.

"This is an historic announcement,” IEUA NSW/ACT secretary Mark Northam said.

"The union expects meaningful engagement during the merger process so we can ensure our members’ best interests are served.”

Following due diligence, the merger is expected to take place in late 2021.

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THE Queensland Resources Council (QRC) has applauded QCoal’s Indigenous participation rates at the company’s Byerwen Coal mine in Central Queensland.

QRC chief executive Ian Macfarlane said QCoal’s Indigenous representation at its Bowen Basin mine was 12 percent which was three times the industry average.

“Indigenous people comprise 4 percent of the state’s workforce in resources and Queensland’s Indigenous population is 4 percent. We are one of only two sectors with a true representation of Indigenous people in our workforce," Mr Macfarlane said. 

“Another milestone is Indigenous women in resources who represent 24 percent of the Indigenous workforce, which is close to twice the non-Indigenous rate.

“QCoal has a resolute commitment to playing its part in creating economic opportunities for Indigenous Australians at its Byerwen Coal mine."

In consultation with the Traditional Owners of the area, the Jangga People, two key programs have been developed and implemented. A pre-vocational work readiness program: Thida Bullaroo, or 'step-by-step' in local language, and a trainee operator program, Yila Yina Mundu, or 'Turn Around from Here'.

“QCoal has implemented a comprehensive Indigenous participation strategy across the business and were joint winners in the Best Company Indigenous Employment and Training Initiative category at the 2019 QRC Indigenous Awards,” Mr Macfarlane said. 

“Across all of its operations the QCoal Group’s Indigenous representation is 7 percent which is incredibly high compared to the industry average and other sectors."

www.qrc.org.au

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THE House of Representatives Standing Committee on Health, Aged Care and Sport has commenced an inquiry into approval processes for new drugs and novel medical technologies in Australia.

The chair of the Committee, Trent Zimmerman MP, said the Committee looked forward to receiving information on how Australia can continue to be well positioned to access new drugs and novel medical technologies, with a particular focus on access to the treatment of rare diseases and conditions where there is high and unmet clinical need.

Mr Zimmerman said, "The Committee will examine processes in place for establishing and conducting clinical trials in improving the lives of patients and increasing investment in Australia’s research and development sector.

"The Committee will also look at options to incentivise earlier application for approval by sponsors of new drugs and novel medical technologies, without compromising patient safety or the assessment of cost-effectiveness.

"We’re looking forward to hearing from the public, health professionals and organisations, pharmaceutical companies and other interested parties on how Australia could position itself best on providing access to new drugs and novel medical technologies for all Australians now and into the future," Mr Zimmerman said.

Submissions from interested individuals and organisations are invited by Tuesday, October 13. If stakeholders have been impacted by Covid19 and require an extension for submissions, contact the secretariat on This email address is being protected from spambots. You need JavaScript enabled to view it.. The preferred method of receiving submissions is by electronic format lodged online using a My Parliament account.

Further information about the Committee’s inquiry, including the full terms of reference and details on how to lodge a submission are available at the Committee’s website.

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THE World Tourism Organization (UNWTO) and Sommet Education are calling on career climbers and switchers, entrepreneurs and innovators to put themselves forward for the joint 'Hospitality Challenge'.

The initiative, which closes at the end of the month, will grant 30 scholarships for world class education programmes that will allow winners to develop themselves and their projects and so help drive tourism's recovery.

Around the world, the COVID-19 pandemic has brought tourism to a standstill. Now, as the sector restarts, UNWTO is welcoming applications from individuals with ideas capable of accelerating recovery while promoting inclusivity and sustainability.

With the competition closing on August 30, the United Nations specialised agency has issued a final call for applications from both established tourism professionals and those new to the sector.  

UNWTO Secretary-General Zurab Pololikashvili said, “The tourism sector is a source of employment for many millions. Jobs in tourism provide opportunity, empowerment, and equality, including for women, youth and people living in rural communities.

"As we restart tourism, the time is right to rethink hospitality, and to identify and implement new ideas to make the sector more inclusive and sustainable. The UNWTO Hospitality Challenge will do just this.”

Sustainability and scalability are key priorities for UNWTO.

"As we restart tourism, the time is right to rethink hospitality, and to identify and implement new ideas to make the sector more inclusive and sustainable," Mr Pololikashvili said.

Selection criteria include the degree of disruptiveness, project maturity and potential for implementation, as well as viability, scalability, digitalization, sustainability, and the potential to attract the interest of investors.

The competition will focus on four different categories:

• Luxury travels, good and service.

• Hotels and hotel related operations: small to medium sized properties, family businesses.

• Food and beverage: restaurants, catering, delivery services and retail.

• Smart real estate: small to medium sized properties and family businesses.

Sommet Education chief executive, Benoit-Etienne Domenget said, “Education is the foundation of a more hospitable world. Offering scholarships is a contribution to the recovery of the hospitality economy, by accelerating the personal development of talented people with creative views and to support their vision to revamp hospitality.”

The competition is open now and will close at the end of August. A Selection Committee made up of an international network of investors, entrepreneurs and experts from UNWTO Member, Affiliate Members and strategic allies, as well as from representatives of Sommet Education, will then choose 30 finalists.

The finalists will be eligible for full scholarships in 15 different programmes in Hospitality, Culinary and Pastry Arts Management, (Bachelors, Masters, MBAs) offered in the world-class academic institutions of Sommet Education: Glion Institute of Higher Education in Switzerland and London, Les Roches Crans-Montana in Switzerland, Les Roches Marbella in Spain and École Ducasse in France.

Among the 30 winners, the top three most innovative entrepreneurial projects will be granted funding to support their initial development from Eurazeo.

www.unwto.org

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