May Newsletter

Over the past month, we've been attending the following working groups and meetings representing DSPs:

• NZ DAG Security Working Group
• NZ DAG Payroll Working Group
• A-NZ Service Provider Forum
• Industry-led ATO DSP Strategic Working Group meeting.
  

The Productivity Commission is currently consulting on 5 productivity inquiries to hear experiences and feedback that will help shape practical, evidence-based solutions to Australia's productivity challenges. The 5 productivity inquiries are:

• Creating a more dynamic and resilient economy
• Building a skilled and adaptable workforce
• Harnessing data and digital technology
• Delivering quality care more efficiently, and
• Investing in cheaper, cleaner energy and the net zero transformation.

If you want to provide feedback, the consultation closes on Friday 6 June. 

The New Zealand Government is consulting on a set of proposals for improving Working for Families. The proposals included in the discussion document aim to ensure that Working for Families is more accurate and that people receive what they are entitled to. One of the main proposals is to improve the way Working for Families entitlements are calculated. This proposal would involve switching from asking people to estimate their income for the year ahead to calculating entitlements by using actual income earned over a shorter period. Read more in the discussion document and provide your feedback by 3 July. 

AUSTRAC is seeking feedback on the second exposure draft of the new Anti-Money Laundering and Counter-Terrorism Financing Rule (AML/CTF Rules). Following amendments to AML/CTF Act in 2024, the regime will apply to real estate professionals, lawyers, conveyancers, accountants, and trust and company service providers from 1 July 2026. If you are interested in providing your feedback on the draft AML/CTF Rules, head to the AUSTRAC website for more information. Submissions close on 27 June. 

The Council of Small Business Organisations Australia's (COSBOA) Roadshow is heading to Fremantle on 12 June 2025. In partnership with the Fremantle Chamber of Commerce, the entire day is designed around empowering small businesses with critical knowledge and resources highlighted by two important topic areas - industrial relations (IR) change and cyber security. Head to COSBOA's website to learn more about the Roadshow and book your free spot today. 

The Australian Privacy Awareness Week is just around the corner, and DSPANZ is proud to be on board. From 16 to 22 June, the Office of the Australian Information Commissioner (OAIC), together with state and territory privacy regulators, will mark the week with a range of events to raise awareness and encourage better privacy practices. See what's happening during Privacy Awareness Week on the OAIC's website. Privacy - it's everyone's business. 

Who are you?
Monoova is an Australian based payments solution provider (PSP) offering API-enabled, account-to-account (A2A) payment solutions that transforms how businesses receive, manage and pay funds. 

Monoova streamlines operations by automating transactions and reconciliation, helping businesses overcome the inefficiencies of traditional payment processes. As one of the first real-time payment providers in Australia, Monoova is trusted by businesses globally to make money move, processing over $150 billion AUD to date. 

What do you do?
Real-time payments
Monoova is an all-in-one payments platform offering NPP real-time payments such as PayID and PayTo alongside traditional payments including BPAY, direct debit and cards. We also offer FX and cross-border transfers. 

Reduce reconciliation time by up to 99%
From virtual account creation with unique BSB and PayIDs to customer reconciliation rules, Monoova enables businesses to automate reconciliation in real-time, saving time and reducing errors. 

Bulk payouts
Through our powerful API, businesses can also initiate bulk transactions in real-time, no ABA files required. 

Local support
Monoova is Australia owned and operated, with a team of local experts who provide support with implementation and day-to-day operations, delivering seamless payments experiences for both clients and their customers. 

Where are you located?
Monoova is based in Sydney, Australia with offices located at 201 Kent Street. 

Who can people contact for more information?
Visit our website for more information or get in touch with our team hello@monoova.com.