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Public hearing: ATO Annual Report

THE House of Representatives Committee on Tax and Revenue will be holding a public hearing for its inquiry into the Commissioner of Taxation Annual Report 2018-19.  

Chair of the Committee, Jason Falinski MP, said the Committee was interested to hear from a number of professionals and academics from the tax sector about their experiences in dealing with the Australian Tax Office (ATO).

"The Committee has a long-standing and productive relationship with the ATO and it looks forward to exploring its operations in more detail," Mr Falinski said.

"In previous inquiries, the Committee has made a number of recommendations to the ATO about ways to improve its processes and practices and we look forward to hearing how things have progressed over the last two years."

Further information about the inquiry is available on the Committee’s website.

Public hearing details

Date: Friday, 26 June 2020
Time: 10am to 11am
Location: Committee Room 2R1, Parliament House, Canberra (via video/teleconference)

The hearings will be broadcast live at aph.gov.au/live.

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Eftpos promotes potential savings for Australian small business in COVID recovery

EFTPOS today launched an advertising campaign to promote a way that Australia’s small businesses may be able to reduce their costs as they rebuild after COVID-19.

The six week campaign will help inform merchants about how they can potentially reduce the fees they pay to accept ‘tap’ card transactions on dual-branded debit cards by routing them through eftpos as opposed to international payment companies.

Known as Least Cost or Merchant Choice Routing, the method can lead to significant savings of up to 40 percent (based on numbers provided in the RBA Bulletin March 2020) on transaction fees from debit cards – Australia’s most popular form of payment.

“Right now in Australia, nothing is more important for Australian business owners than protecting cash flow,” eftpos CEO Stephen Benton said. “There are many things outside their control such as labour costs and utility bills, but they may be able to reduce the cost of receiving payments by Least Cost Routing.

“With debit cards accounting for more than 70 percent of card transactions in Australia and more consumers moving away from cash after COVID-19, routing has the potential to deliver significant savings for many thousands of small and medium businesses across the country. In turn, these cost savings could also flow to customers in the form of lower prices or reduced surcharges.”

There are around 35 million dual-branded debit cards in Australia – featuring the eftpos logo on the back and an international scheme on the front.

The new eftpos campaign launches today and will run across outdoor, digital and social media, as well as radio and print publications. It’s the first significant advertising eftpos has done in three years.

Mr Benton said the new campaign was an expression of the company’s purpose – "to do good for Australia" – by offering the opportunity for reduced fees, specifically for small and medium businesses and their customers during this difficult time.

“The Reserve Bank has promoted Least Cost Routing for many years as a way of reducing costs for merchants, and has urged the industry to promote the service more widely,” Mr Benton said. He referred to an article on the RBA Head of Payments Policy on February 5, 2020, published in the Australian Financial Review.

“The message of this campaign is simple – contact your bank or acquirer to find out what savings you can make by routing through eftpos,” Mr Benton said.

About eftpos 

Eftpos is Australia’s debit card system, accounting more than 2 billion CHQ and SAV transactions in 2019 worth around $130 billion.

www.eftposaustralia.com.au 

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FSC welcomes new standards for financial advisers

THE Financial Services Council (FSC) has welcomed the bipartisan support for the proposed timetable for implementing stronger professional standards and education requirements for financial advisers. 

FSC CEO Sally Loane said the passage of legislation through the Senate is positive news for the financial advice profession and provides needed certainty for all advisers at an unprecedented time for the economy, particularly as demand for advice is surging as a result of the pandemic.  

“Allowing advisers the time to sit the exam and meet the strengthened requirements will continue to build trust in financial services as it contributes to our economic recovery, while encouraging future generations to join the profession,” Ms Loane said. 

"Changes such as these are part of a reform program to help ensure financial advice is affordable and accessible for consumers”. 

The Treasury Laws Amendment (2019 Measures No. 3) Bill 2019 implements changes to existing requirements for financial advisers announced by the Government in August last year. As a result, financial advisers registered prior to January last year will need to complete the FASEA exam by January 2022 and meet FASEA's qualification requirements by January 1, 2026. 

www.fsc.org.au

 

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Committee to examine electoral legislation amendment bill

THE Electoral Matters Committee has commenced a review into the Electoral Legislation Amendment (Miscellaneous Measures) Bill 2020.

The bill, introduced to the Senate by Senator Mathias Cormann, Minister for Finance, would amend the Commonwealth Electoral Act to:

  • clarify the relationship between federal and state and territory electoral donation and disclosure laws;
  • make technical amendments to address anomalies in entity registration and public election funding rules;
  • improve electoral processes, electoral administration, vote issuing procedures and improve workforce flexibility for the Australian Electoral Commission; and
  • expand electronically assisted voting methods to Australians working in Antarctica.

The Committee has invited written submissions addressing any or all aspects of the bill.

Prospective submitters are advised that any submission to the Committee’s inquiry must be prepared solely for the inquiry and should not be published prior to being accepted by the Committee.

Submissions are requested by July 3, 2020. Further information about making a submission to a committee inquiry can be found at the following link.

Further information on the inquiry can be obtained from the Committee’s website.

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COVID-19 prompts Regional Australia extension

AS A RESULT of the travel restrictions imposed by COVID-19, the House of Representatives Select Committee on Regional Australia will be extending its inquiry into 2021.

Committee chair, Tony Pasin MP said the committee was planning to travel to regional Australian communities as COVID-19 travel restrictions ease.

"We’re looking forward to the opportunity to further connect with people who live in the regions and to develop our understanding of the challenges and opportunities found across regional communities," Mr Pasin said.

"This extension allows us to further examine how the Black Summer bushfires and COVID-19 have impacted regional areas. We hope to learn more about what our regions need in order to encourage growth, decentralisation and sustainability."

Prior to the introduction of travel restrictions, the Committee conducted site visits and community roundtables in northern Tasmania. Since then the Committee has held 12 virtual public hearings.

Submissions to the inquiry have now been re-opened.

The Committee is offering organisations and individuals who have previously lodged a submission the opportunity to update their submissions in light of recent events.

Both new and updated submissions can be emailed to This email address is being protected from spambots. You need JavaScript enabled to view it..

To learn more about the inquiry or read submissions received so far, visit aph.gov.au/regionalaustralia.

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Parliamentary inquiry into destruction of Indigenous heritage sites

THE Northern Australia Committee has commenced an inquiry into the destruction of the Indigenous heritage sites at Juukan Gorge, WA.

The inquiry will examine how the destruction of the caves came about; the processes that failed to protect the site; the impacts on Traditional Owners; and the legislative changes required to prevent such incidents from recurring.

Committee Chair, Warren Entsch, said it was inconceivable that such a valuable heritage site could be destroyed in complete accordance with the law and without any means for Traditional Owners or their representatives to effectively intervene.

"The Committee wants to find out how this was allowed to happen and how we will prevent such occurrences in the future. The States and Territories and the Commonwealth have an absolute obligation to preserve our Indigenous heritage for the benefit of all Australians," Mr Entsch said.

The Committee welcomes submissions from all interested parties. The deadline for submissions is July 31, 2020.

The Committee is due to report on September 30, 2020.

The detailed Terms of Reference can be found on the Committee’s website.

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Committee to review 'declared area' provisions

THE Parliamentary Joint Committee on Intelligence and Security (PJCIS) has commenced a statutory review into the ‘declared area’ provisions, listed in sections 119.2 and 119.3 of the Criminal Code Act 1995.

The provisions were introduced as part of the Foreign Fighters Counter-Terrorism Legislation Amendments in 2014, and make it an offence for a person to enter, or remain in, declared areas of a foreign country, historically on the basis of regional terrorism activity.

Under a sunset clause, the provisions are due to expire on September 7, 2021. The Committee will review and make recommendations on whether they should be extended.

The Committee requests submissions to the inquiry by Friday August 28, 2020.

Prospective submitters are advised that any submission to the Committee’s inquiry must be prepared solely for the inquiry and should not be published prior to being accepted by the Committee.

Further information about making a submission to a committee inquiry can be found at the following link.

Further information on the inquiry can be obtained from the Committee’s website.

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Committee looks at fair NT representation

THE Electoral Matters Committee has commenced a review into the Commonwealth Electoral Amendment (Ensuring Fair Representation of the Northern Territory) Bill 2020.

The bill, introduced to the Senate by Senator Malarndirri McCarthy and Senator the Hon Don Farrell, would amend the Commonwealth Electoral Act to provide for a minimum of two divisions for the Northern Territory in the House of Representatives.

Analysis from the Parliamentary Library has projected the possibility of the Northern Territory losing one of its two House of Representatives seats before the next federal election, caused by its population falling below the entitlement quota for the second seat.

The Committee invites written submissions addressing any or all aspects of the bill.

Prospective submitters are advised that any submission to the Committee’s inquiry must be prepared solely for the inquiry and should not be published prior to being accepted by the Committee.

Submissions are requested by 10 July 2020. Further information about making a submission to a committee inquiry can be found at the following link.

Further information on the inquiry can be obtained from the Committee’s website.

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Qld Govt urged to intervene as Cairns jobs slashed, work outsourced to Indonesia

THE Queensland Government is being urged to intervene following revelations that Cairns-based shipping provider Sea Swift — purchased last year for $300 million by the Queensland Investment Corporation (QIC) — was slashing jobs and outsourcing maintenance work to Indonesia.

The Maritime Union of Australia (MUA) said it was unacceptable that a major local employer indirectly owned by the Queensland public through QIC was using the current COVID-19 health crisis to make skilled workers forcibly redundant while sending their work overseas.

The union highlighted the case of a Sea Swift vessel which was docked in Batam, Indonesia, last December to undergo a refit. When Australian seafarers arrived to sail it back to Queensland, they refused to depart port, describing it as being uninhabitable and not safe to go to sea.

MUA Queensland assistant branch secretary Paul Gallagher said workers at the company were demanding action from the Queensland Government and QIC.

“The hands-off approach by the Queensland Government and QIC while their wholly-owned business is slashing jobs and outsourcing work to third world countries is simply unacceptable,” Mr Gallagher said.

“We need urgent leadership from QIC and the State Government to ensure this business owned by Queensland taxpayers acts in an ethical and socially responsible manner.

“The fact is that just months after QIC bought Sea Swift, the company sent a vessel to Indonesia to undergo a refit — work that should have been done locally at the Tropical Reef Shipyard in Cairns.

“Now, under the cover of the COVID-19 health crisis, Sea Swift has slashed 15 percent of the skilled workers in their Cairns engineering department.”

Mr Gallagher said Sea Swift executives had led an anti-union and anti-worker culture at the business, which was linked to the recent outsourcing and job cuts.

“Sea Swift’s anti-union and anti-worker culture has been clearly demonstrated by their refusal for five years to allow officials their basic legal right to board vessels and speak to union members,” he said.

“The company has also spent hundreds of thousands of dollars in legal fees tying up their industrial agreement in a complicated legal stalemate in the Fair Work Commission. The result is that they continue to operate under what is known as a ‘zombie’ enterprise agreement: one that is basically dead, has very little chance of getting legitimised, but still lives on.

“Five years ago, when the MUA fought for and won the right to have the agreement measured by the Seagoing Industry Award 2010, the company agreed to negotiate a new agreement, but since then they have refused to finalise it.

“Their aim throughout these years of dispute has been to achieve an outcome where they can pay local workers below the seagoing award," Mr Gallagher said.

“Sea Swift also refused to support a union initiative to create secure jobs for First Nations people in the far north through the inclusion of an Indigenous employment clause.

“With Queensland taxpayers investing millions into this business through the QIC, they would rightly expect this business to support local jobs and treat workers with respect, which is why QIC and the State Government must take immediate action.”

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Australia's relationships with the Pacific Islands - Roundtable hearings in Canberra

THE Foreign Affairs and Aid Sub-Committee of the Parliamentary Joint Committee on Foreign Affairs, Defence and Trade will tomorrow hold its first roundtable public hearing for the inquiry into strengthening Australia’s relationships with the Pacific Islands.

On June 18 the Committee will hear from seven experts with backgrounds in development assistance in the Pacific, including Caritas Australia, UnitingWorld, RESULTS International, UN-PRAC Project and the WASH Reference Group. A second roundtable hearing, with seven prominent academics will follow on June 19.

The Sub-Committee was tasked to inquire into how Australia could meet current and emerging opportunities and challenges facing the Pacific island region.

Sub-Committee chair Dave Sharma said, “Australia’s relationship with its Pacific neighbours is fundamentally important to Australia’s future. Our fates are intertwined.

“We have a long history of working constructively with our neighbours, including during times of adversity and challenge. Australia will be especially keen to help Pacific island states manage the health impacts of COVID-19 and recover from the economic impacts, and I expect this will be a large focus of the inquiry.”

Public hearing details:

Date: Thursday 18 June, 2020
Time: 8am to 9.30am
Location: Committee Room 1R3, Parliament House, Canberra

Date: Friday 19 June, 2020
Time: 8.30am to 10.30am
Location: Committee Room 1R4, Parliament House, Canberra

The hearings will be audio streamed live at aph.gov.au/live

The Sub-Committee has welcomed 38 submissions to date, acknowledging that many submissions have been thoughtfully prepared under adverse conditions. The Committee is still keen to hear views from within Pacific island countries, individuals who have participated in labour mobility schemes, and those who have settled permanently in Australia, amongst others.

Further details about the inquiry, including terms of reference, contributing a submission and details of public hearings, can be obtained from the Committee’s website.

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Fuel security plans must address reliance on foreign oil tankers - MUA

THE Federal Government has been urged to address the nation’s complete reliance on foreign owned, operated and crewed tankers to transport oil and petroleum products as part of ongoing efforts to address Australia’s chronic fuel security issues.

The Maritime Union of Australia (MUA) welcomed the Request for Information process, which seeks to identify opportunities to strengthen refining capacity and increase domestic fuel storage capacity, but said issues facing the transport of liquid fuels to Australia and around the coast remained unresolved.

The union said the situation had greatly deteriorated in recent decades, with more than 90 percent of Australia’s liquid fuel needs now arriving via foreign owned and operated tankers. While 12 Australian-crewed tankers operated in the year 2000, there are no longer any in service.

“The COVID-19 heath crisis has highlighted the vulnerability of Australia’s supply chains and demonstrated how quickly a pandemic, military conflict, natural disaster, or economic shock could impact the supply of essential goods,” MUA national secretary and International Transport Workers’ Federation president Paddy Crumlin said.

“Clear gaps in Australia’s sovereign self-sufficiency have been exposed, placing a clear obligation on the Federal Government to close these gaps and reinforce the cabotage system that governs shipping around our coast, along with biosecurity, immigration, and related border controls.

“The COVID-19 crisis reinforced how absolutely essential shipping is, not only to fuel security but also to maintaining other domestic supply chains that provide essential deliveries.

“Australia’s complete reliance on foreign owned and operated tankers has left the nation extremely vulnerable, with no guarantee these vessels would continue to supply Australia during a major crisis.

“While recent shortages of household items were inconvenient, a crisis that cut fuel supplies would force the entire economy to grind to a halt.”

MUA assistant national secretary Ian Bray said the Morrison Government’s initial steps to enhance domestic fuel refining and storage capacity were a good start, but genuine energy security required action on how fuel is transported to Australia and around the coast.

“The Federal Government clearly understands that improving fuel security requires the strengthening of domestic refining capacity and a substantial increase to domestic storage, but the issue of how fuel products are transported to our island nation remains unresolved,” Mr Bray said.

“If the Federal Government is serious about examining industry solutions to address Australia’s fuel security, then it needs to look at the creation of a strategic fleet of Australian owned, flagged, or crewed tankers capable of maintaining supplies of oil and refined petroleum products in the event of a crisis.

“In a report commissioned by the MUA, shipping expert John Francis found the exclusive reliance on foreign flagged tankers for crude and refined petroleum products removed any opportunity for the Commonwealth to requisition national flag tankers if needed to maintain fuel supplies during a crisis.

“His report, Australia’s Fuel Security – Running on Empty, concluded that the retention of a minimum number of Australian owned, managed and crewed tankers was not only justified on national security grounds, but could be achieved at a minimal cost to end users.”


The Australia’s Fuel Security – Running on Empty report is available at https://bit.ly/31cDisq.

 

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