Submissions

  • Review of Tax Regulator Secrecy Exceptions

    CPA Australia, Chartered Accountants Australia and New Zealand and the Institute of Public Accountants (we/our/joint bodies) together with our respective affiliate bodies represent over 350,000 professional accountants in Australia, New Zealand and around the world. We submit our comments on the Review of Tax Regulator Secrecy Exceptions (Review) consultation paper(consultation paper).

  • Mandating cash acceptance — consultation paper

    The Institute of Public Accountants (IPA) welcomes the opportunity to make a submission in relation to the Consultation Paper titled Mandating cash acceptance (the Paper). The IPA is one of the three professional accounting bodies in Australia, representing over 50,000 members and students in Australia and in over 100 countries. Approximately three-quarters of the IPA’s members work in or are advisers to small business and small to medium enterprises.

  • ASIC Consultation Paper 380 Sustainability Reporting

    The Institute of Public Accountants (IPA) welcomes the opportunity to provide comments on the above Consultation Paper. Overall, IPA supports the proposals in the regulatory guidance contained in the Consultation Paper, as it provides practical guidance in assisting entities in complying with the sustainability reporting requirements. The guidance also explains ASIC’s interpretations and expectations of the sustainability reporting requirements and its approach to administering and enforcing the sustainability reporting regime.

  • Consultation Paper: Positioning Australia’s financial reporting system for the future

    The Institute of Public Accountants (IPA) provided a submission to the Treasury regarding the consultation paper on positioning Australia's financial reporting system for the future. Overall, the IPA supported the proposed structure and principles but expressed concerns regarding the timing, level of detail, competencies, and independence of the new body. The IPA emphasised the importance of transparency, accountability, and functional separation between the governing board and technical standard-setting committees. The IPA suggested more public transparency in deliberations and expressed concern regarding the role of external experts, potential conflicts of interest, and Board member termination guidelines. The IPA also commented on the eligibility requirements for board and committee appointments and suggested strengthening institutional governance.

  • Anti-Money Laundering and Counter-Terrorism Financing Rules 2024 (Exposure Draft): First round

    Chartered Accountants Australia and New Zealand, CPA Australia and the Institute of Public Accountants (we/our) together with their respective affiliate bodies represent over 350,000 professional accountants in Australia, New Zealand and around the world. With many more of our members in Australia to become reporting entities (REs) under Australia’s anti-money laundering and counter-terrorism financing regime (AML/CTF regime), we welcome the opportunity to raise members’ concerns with the Anti-Money Laundering and Counter-Terrorism Financing Rules 2024 (Exposure Draft) First Round (new Rules) for your consideration.

  • Re – LCR 2021/2DC and TR 2010/1DC2

    Chartered Accountants Australia and New Zealand, CPA Australia, the Financial Advice Association Australia, the Institute of Financial Professionals Australia, the Institute of Public Accountants, the National Tax and Accountants’ Association and the SMSF Association (together the Joint Bodies) write to you as the peak professional accounting, tax and superannuation bodies in Australia representing both large APRA and small superannuation funds with six or less members. The Joint Bodies welcome the opportunity to provide this submission about the above draft rulings.

  • Pre-Budget Submission 2025-26

    The Institute of Public Accountants (IPA) Group welcomes the opportunity to present our pre-Budget submission for the 2025-26 financial year. We look forward to working with the Government on its economic agenda set against the challenges of an uncertain domestic and international environment.

  • Tax Reform - Time To Act Policy Paper

    Tax reform has stalled in Australia, in part because most tax discussions have been the subject of political trench warfare. Partisan arguments over reforms will usually result in no change, unless a government has the necessary numbers in both houses of the Federal Parliament to successfully shepherd through reform without the need for unnecessary compromise.