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SW has expert knowledge and understanding of the Child Safe Standards to help ensure your organisation is satisfying the new Standards.

We have undertaken numerous independent reviews of compliance with the Child Safe Standards to assist organisations identify, check and update documents and processes to meet the new Standards.

Updates to the Child Safe Standards

Victoria introduced 11 new Standards on the 1 July 2022 which are closely aligned with the
10 National Principles. Key changes include new requirements relating to the following:

The Commission for Children and Young People is the overall regulator of the Child Safe Standards. Under the Child Wellbeing and Safety Act 2005, the Commission holds legislative powers to oversee and enforce an organisation’s compliance with the Child Safe Standards.

From 1 January 2023, the requirements under the Child Wellbeing and Safety Act 2005 will include that:

Our experience is that many education providers will have existing polices, procedures and practices that can be adapted and extended to address the new standards. However, as a result of the changes in the Child Safe Standards, there will also be requirements to develop new policies and procedures. Our independent review of compliance with the Child Safe Standards can assist in providing recommendations to fill any gaps in current frameworks and processes.

Our industry experience

SW has expert knowledge and understanding of the Child Safe Standards and have extensive experience in assisting education providers. We have a dedicated education group with over 50 years’ experience in the education sector, remaining at the forefront of key issues and opportunities to support our clients.

Our highly experienced team provides assurance and advisory services to a number of universities, schools, TAFEs and registered training organisations throughout Australia.

Child Safe Standards Review

SW have developed a comprehensive audit program to assess compliance with the Child Safe Standards. Our review covers each element of the Child Safe Standards and provides recommendations that are developed in collaboration with management that are fit for purpose, practical and achievable.

How can SW help?

SW conducts Child Safe Standards reviews that includes the following steps:

1. Gain an understanding of the organisational accountability, systems and processes for meeting the requirements of the Child Safe Standards

2. Review documented strategic policy, frameworks and procedures relating to the Child Safe Standards

3. Review the Complaint policy and handling procedures

4. Assess documentation and processes relating to recruitment, induction and professional development for staff or volunteers

5. Assess processes relating to student enrolment, pre-assessment and induction of students under the Standards

6. Review student support services and communication resources available to support a child safe culture

7. Review the record management systems and online environment including the capture of relevant child safe activities data

8. Discuss any anomalies with relevant personnel as a part of the review process

9. Provide a detailed report providing practical recommendations to address any gaps in your current framework and processes.

Get in touch

Our extensive higher education sector experience will enable us to undertake a tailored and comprehensive Child Safe Standards independent review. We have developed a comprehensive audit program that can be tailored to the needs of your organisation. Please get in touch with our subject matter experts to discuss how we can assist your organisation in meeting the requirements of the new Child Safe Standards

Contacts

Jonathan Thomas, Partner, Assurance & Advisory Services

Matthew Paull, Senior Manager, Assurance & Advisory Services

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了解联邦预算案在2022年对您有何意义:

In a recent policy update, the Government of India issued regulations enabling Foreign Educational Institutions to establish an International Branch Campus (IBC) or Offshore Education Centre (OEC) in International Financial Services Centres (IFSC) in the Gujarat International Finance Tec-City (GIFT City) in India.

This much anticipated legislation is welcome news for Australian universities looking to establish a location for teaching, research and industry engagement in India.  This provides an opportunity to enter the Indian market in a more tax effective and less heavily regulated environment.

Register SW’s webinar to hear more about the opportunities for foreign universities in the IFSC.

About IFSC Regulations 2022

The regulations came into effect on 11th October 2022 and are applicable to an IBC or OEC operating in the IFSC zone.

Key objectives of the regulations:

Permissible activities in IFSC

Permissible subject areas are courses, including research programmes, in:

Eligibility criteria

Key features of IFSC

About IFSC

Tax incentives

Other incentives

How we can help

SW India can help you every step of the way from strategy formulation through to implementation.

If you require further advice regarding the new IFSCA regulations, please reach out to our SW Team – Rahul Sanghani, Stephen O’Flynn, Steve Allan and Sabrina Camilleri.

Webinar Concessions provided to foreign universities to operate in India  

Join us to hear from Dipesh Shah –  Executive Director, IFSCA, Sandip Shah – Head- IFSC Dept and Saurrav Sood – SW India who will discuss the IFSC regulations and highlight the advantages of GIFT City and what it can offer in terms of its world class infrastructure to Australian universities.

Date: Thursday, 24 November 2022

Time: 3.30pm – 4.30pm AEDT (11am – 12pm IST)

A further version of the Franchising Code of Conduct has been released, which incorporates all the recent amendments into a new compilation of the Franchising Code. This is called Compilation 8 and Franchisors must guarantee Compilation 8 is used when providing disclosure.

As you may remember from our recent article Changes to the Franchising Code, on 1 April 2022 the Franchising Code of Conduct was amended to insert a new clause 53 dealing with the Franchise Disclosure Register – Competition and Consumer (Industry Codes—Franchising) Amendment (Franchise Disclosure Register) Regulations 2022.

The recent amendments to the Franchising Code of Conduct have now been consolidated into a further version of the Code (‘Compilation 8’). This compilation was released on 26 April 2022 and incorporates both the Franchise Disclosure Register Regulations and the Penalties Regulations.

To view a copy of Compilation 8, visit Federal Register of Legislation.

Franchisors are now required to provide Compilation 8 of the Franchising Code when they are providing disclosure to prospective franchisees or existing franchisees.

If you have any queries, please contact John Dorazio.

Are you a franchisor? By 14 November 2022, you will be required to upload key disclosure information to the Franchise Disclosure Register for prospective franchisees to view.

The Franchise Disclosure Register is a free self-service tool to help prospective franchisees make informed decisions before entering into a franchise agreement. It gives prospective franchise buyers, current franchisees and professional advisers access to information that is important to know when making business decisions.

This Register is hosted by the Australian Government and all franchise content on the Register is published by franchisors and not by the Australian Government.

On 1 April 2022 the Franchising Code of Conduct was amended to insert a new clause 53 dealing with the Franchise Disclosure Register – Competition and Consumer (Industry Codes—Franchising) Amendment (Franchise Disclosure Register) Regulations 2022.

From 15 November 2022 prospective franchisees will be able to search, view and compare information and contact a franchisor about opportunities to buy into the franchise.

Source: https://franchisedisclosure.gov.au/

All franchisors operating in Australia should check if they are required to register.

To register, franchisors must create a franchise profile using their myGovID. For a link to the Franchise Disclosure Register and to get started creating your profile –  https://franchisedisclosure.gov.au/

The information that must be disclosed includes, the franchisor’s name, ABN, registered address and principal place of business, business phone number and email address and the name under which the franchisor carries on business in Australia relevant to the franchise.

The Australian and New Zealand Standard Industrial Classification (ANZSIC) division and subdivision codes for the industry in which the business of the franchise operates must be disclosed. This means that all franchisors need to ascertain which ANZSIC divisions and subdivision codes apply to their business.

We recommend obtaining legal advice before uploading a disclosure document, franchise agreement or key facts sheet.

More areas of the Franchising Code carry penalties and penalties have increased

From 15 April 2022 more clauses of the Code carry a penalty and penalties for breaching the Franchising Code increase.

When a penalty applies, in most cases the maximum penalty will be up to $133,200. However, for certain provisions, greater financial penalties apply

You can find more information about the specific changes to the Code on the Federal Register of Legislation website.

Information statement must be provided within 7 days

If someone expresses an interest or formally applies to buy a franchise, franchisors must give them a copy of the information statementFrom 15 April 2022, this must happen no later than 7 days after a prospective franchisee expresses an interest.

If you have any questions or for further information on the changes to the Franchising Code please contact John Dorazio.

SW is excited to announce that effective 4 July 2022, Greg Will, Principal and leader of advisory and accounting services for Armstrong Dawson, a respected Sydney based firm, will be joining our growing national firm.

“We are very proud to attract such a talented and experienced partner in the Sydney market. Greg has worked in professional practice for over 20 years and is a trusted advisor to business and a well-regarded authority on private business issues, regularly commentating in national and local press on how to increase business value,” said Mr Duane Rogers, CEO of SW.

Greg and his team of ten will bolster the well-established base of service offerings in this market for SW.

“He has successfully proven he is able to build and grow practices, particularly in the private client service space. He will be a great addition to our Business Private Client Advisory division, ably leading our growth aspirations in Sydney,” he said. 

“I am thrilled to join a firm with a clear growth agenda, underpinned by strong values and a culture that offers outstanding client service. My team, both in Australia and abroad are excited for a successful future with a full-service national firm with a strong international footprint. Joining SW will support our client’s broader needs in audit, corporate finance and specialist tax services,” said Mr Greg Will.

“We believe that the firm’s ability to attract quality talent and high calibre candidates speaks to our values, our culture and our focus on people and growth,” said Mr Rogers.

Led by Greg, the Armstrong Dawson 100% owned subsidiary International Accounting Solutions (INTAS) will also add to SWs capability in this specialised area. INTAS specialises in establishing and managing Australian operations for overseas organisations, providing business advisory and virtual CFO services to a broad range of clients, including not-for-profits, start-ups, and established SME’s.

Following the recent announcement of the Walker Wayland WA team also joining SW, this addition further enhances the Sydney capability in areas where the market will require support in these changing economic times.

The Fair Work Commission has increased the national minimum wage by 5.2% or roughly $1 an hour to $21.38 an hour.

The Hospitality and Tourism sector, along with other hard hit industries like Aviation, has been given a temporary reprieve with the wage increase to apply from 1 October 2022.

The wage increase however has been split, meaning millions of workers on a higher Award rate will only see an increase of 4.6 per cent.

This increase comes on top of an increase to the Superannuation Guarantee (SG) rate as well as abolishing the minimum monthly wage threshold for SG contributions to apply.

Employers need to be ready

Employers should review employee remuneration and ensure wages do not fall below the minimum wage and consider the total hours worked and overtime hours to mitigate any risks to modern slavery laws. It is important that employers update their payroll software accordingly.

Employers who are subject to Awards that provide for annual leave loading of 17.5% to employees will also need to adjust the minimum wage rate where the loading is based on the minimum wage rather than the employee’s base salary.

For the latest superannuation impacts that all businesses need to know before 1 July 2022, download our webinar Superannuation changes 2022/23 or view our recent article Don’t get caught out by upcoming superannuation changes.

How SW can assist

SW through our joint venture with OnTap Hospitality can assist you with all of your bookkeeping, payroll and management reporting needs.

Do not hesitate to contact our Hospitality and Tourism sector specialists Tim Stillwell, Andy Lau and Jeremy Wicht or our payroll expert Sharon Burke.

We are excited to announce that, as part of our strategic growth strategy, the well-established and locally respected Walker Wayland Perth team are joining our expanding national firm effective 1 July 2022.

Current Walker Wayland Perth Managing Director, John Dorazio and fellow Directors Richard Gregson and Iggy Moro, and their teams are integral to the expansion of SW’s Perth presence, launched last May.

“We are excited to expand our national footprint and grow our presence in Western Australia. It is a key market in which many of our clients are established and they require on-the-ground support. As such, we are thrilled to have this talented team join our firm,” said Mr Duane Rogers, CEO of SW.

“The team brings strong local market standing, a clear focus on a client-first approach and a team hungry for growth. We believe our cultures and values are well aligned, which further sets the stage for our national growth strategy,” said Rogers.

John Dorazio has led the Walker Wayland WA team for six years, and will continue to act in a leadership position based in Perth following the move.

“We are proud to become part of such a dynamic national firm. SW has a reputation for delivering excellent client service and has been very supportive of its people through the global pandemic. With our aligned cultures and combined talent this will provide expanded services for our clients and great career opportunities for our people,” he said.

“Having been part of a federated model, we believe the future of the Perth market will be well supported by joining a truly national firm committed to building scale in key industry sectors and market segments,” said Mr Dorazio.

Walker Wayland WA is known for its expertise in supporting start-up businesses and those wanting to grow or sell. It has a leading-edge reputation in providing financial services and chartered accounting support in several key industries, including franchising, health, and real estate.

“We believe we can add great value to SW clients in Western Australia, while joining SW will provide us with additional resources to support the increasing needs of our clients looking to expand or do business across the country or globally,” said Mr Dorazio.

SW has consistently ranked as a Finalist in the Beaton Client Choice Awards since 2018 as Best Accounting & Consulting Firm (revenue category $50m – $200m), Most Innovative firm and Best CX Firm, and is ranked in the AFR Top 100 Accounting Firms at #22 in 2021 with a turnover of $60m.

Said Mr Rogers: “We have unique service capabilities and we are strategically positioned to deliver these domestically and internationally. WA is a key market for some of Australia’s most important industries, so we believe this expansion will support the foundation required for our long-term growth and provide a stronger national presence for our clients and our people.”

With office locations in Melbourne, Sydney, Brisbane and Perth, this move will see SW grow to 38 partners and 300 people, with support for its core industry segments in energy and resources, education, financial services, property and infrastructure, agribusiness and tourism and hospitality.      

The Victorian Government’s latest Build-to-Rent announcements and the Windfall Gains Tax are on the agenda at the next Hall & Wilcox panel discussion.

SW’s James Ye (叶嘉) and Robert Parker will be joining experts Mark Dawson (Urbis), Sean Ryan (Greystar) and Meg Lee and Eugene Chen (Hall & Wilcox) at the next Hall & Wilcox property sector event in Melbourne.

Global players in the market are already turning their eyes towards Victoria and investing heavily.

The panel will discuss:

Event details

Date

Time

Venue

Thursday 28 April 2022

5.30pm for 6.00pm start – 7.30pm

Hall & Wilcox

Level 11

Rialto South Tower

525 Collins Street, Melbourne

Last night, Treasurer Josh Frydenberg delivered the 2022/23 Federal Budget, setting the Government up for their pre-election.

With a May election fast approaching, there was a lot of anticipation that this Federal Budget would provide much needed support for households in managing the cost of living. While borders have opened, many business in several key sectors are still feeling the impact of the Covid-19 pandemic and were also looking for some key measures to help get them back on their feet.

On the 29 March 2022, the Treasurer announced the Goverment’s plan for long-term economic growth in Australia, through job creation and focusing on investment in essential services and defence. The SW team has navigated the papers to find key measures for industry and sectors.

Take a look at our Fast Facts below or watch the full recording of the Budget Breakfast.

Did you miss out on our Federal Budget webinar?

Check out Catherine Birch, ANZ Senior Economist and our panel of experts as they shared their insights and key takeaways from the Budget.

Mandarin Overview – Federal Budget 2022/23

Watch our Mandarin team summarise the key announcements from this year’s Budget. SW’s team of Asian business experts deliver their insight into the challenges and practical opportunities.

Featuring our experienced and knowledgeable team: David Chu, Bessie Zhang, Vincent Shi, Toby Graham, Michael Chen and Michael Qin.

What does the Federal Budget mean for you?

Our Fast Facts provide an overview of the budget insights and potential opportunities from our team of experts. Tailored to your industry or business type, SW also reviews if the Federal Budget support measured up to expectations.

Take a look at what the Federal Budget means for you in 2022: