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November Newsletter

Introduction to the MAPD & ABSIA Consultation

ABSIA has been working with the Fair Work Commission (FWC) on their Modern Awards Pay Database (MAPD) and exploring options to build an API version of the database for software developers to consume. ABSIA and the FWC will be co-chairing a consultation on the MAPD with members and interested parties over November and December.


President's Report 2020

President's Report 2020

ABSIA's President and Chair, Chris Howard, delivered this President's Report at the 2020 Annual General Meeting held on 28 October. Find a full copy of this report here.
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President's Report 2020

Past Submissions

ABSIA recently submitted to the ACCC's CDR Rules Expansion Amendments consultation. Access a copy of this submission here.

Keep an eye out on ABSIA's policy page and on the Forum for details about any upcoming submissions.

Industry News

President's Report 2020

GNGB Superannuation Ecosystem Cybersecurity Survey
The Superannuation Cyber Security survey is your opportunity to help identify improvements in the approach to cyber resilience across the Superannuation industry. 

GNGB is working with PwC Australia to conduct this survey and develop a cybersecurity research report with the findings and recommended action plans for the industry. Your feedback combined with broader industry research, will be compiled into the report, to be shared in early 2021. 

Everyone in the Superannuation industry, or those providing services to the Superannuation industry is invited to complete the survey (including multiple respondents from the same organisation). The survey takes approximately 10 minutes and is available until 25 November 2020.

Take the survey here. 

Your responses will be confidential; personal details of survey participants or individual entity data will not be disclosed in the public results. 

Two survey respondents will be chosen at random and be given the opportunity to nominate a charity of their choice to receive a $100 donation in their name. 

President's Report 2020

Payment Times Reporting

The Payment Times Reporting Scheme (PTRS) is commencing on 1 January 2021.

The scheme will require large businesses with an annual income of over $100 million to report on their payment terms and practices for their small business suppliers. It will help create fast and fairer payment times for Australia's 3.5 million small businesses.

To help businesses understand their new reporting requirements and the various elements, the Department of Industry, Science, Energy and Resources have developed information and guidance material.
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Until next time,
The Team at ABSIA.

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