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IPA calls on CA, CPA to join cause for ‘bold reform’

Against a backdrop of fledgling trust in institutions, and as Australia’s taxation system becomes increasingly inefficient and complex, IPA chief executive Andrew Conway wants to see accounting associations formalise ties in their lobbying efforts.

In an address to members at the IPA’s national congress on the Gold Coast, Mr Conway stressed the significant role accountants play in representing public interest.

“Beyond designations, we are all accountants and as a profession, we need to be stepping up to the plate putting public interest ahead of personal interest,” said Mr Conway.

Mr Conway wants to see the re-establishment of the joint accounting bodies, which includes the leaders of Chartered Accountants Australia and New Zealand and CPA Australia, so they can present a unified argument to government on key advocacy items.

“We are a stronger profession and more effective as a profession when we collaborate than when we seek to divide,” he said.

“We collectively need to focus on the issues that affect the broader economy and community, including bold tax reform and striking a regulatory balance, through the use of informed advocacy based on rigorous research,” he said.

Tax reform in particular should be a priority item for the accounting profession.

“Taxation reform is desperately needed now and we as a profession need to lead this discussion, putting aside political interest and focussing on public interest instead,” he said.

“A failure to act on genuine taxation reform is a failure of the present generation to build a stronger future for generations to come,” he said.

“Australia is not just facing a productivity crisis, we face a crisis of leadership where national interest makes way for self-preservation and government interest,” he said.

“As a profession we need to take stock and challenge the reasons why national interest has been replaced by government self-interest,” he said.

Mr Conway would particularly like to see broad and genuine reform at the state government level.

“We also need to hold State governments accountable for not scrapping inefficiencies, such as stamp duty and payroll tax, as they had committed to,” he said.

“This space is best occupied by our profession and we can do more to inject evidence and practical insight to override political stagnation.

“The risk of inaction is too great. The government revenue base is in decline and the expense base is on a sharp rise.  We need a significant rethink on taxation and fiscal priorities to address this situation.

“We need to tell all governments they have permission to think big; be bold and execute a genuine plan for reform.

“The IPA accepts this challenge and is committed to work with other professional bodies to bring about this shift.”

4 thoughts on “IPA calls on CA, CPA to join cause for ‘bold reform’

  • November 24, 2017 at 2:58 pm

    The proposal is an excellent one but it should go beyond that proposed. There are many so-called clubs such as RSL clubs now claiming that they are charitable organisations where they do little to earn the description of a charitable organisation. It is taxation evasions by an organisation that paid little or no taxation on non member income. The taxation office should look at what used to be its main purpose i.e. “protect the revenue”.

  • November 24, 2017 at 3:32 pm

    IPA is proudly Australian owned and well recognized as a professional accounting bodies with over 35K members.
    However the IPA may invest more on the marketing worldwide so the brand value could increase as a top accounting bodies.
    I had a really sad experiences a few month ago with the bank to get a home loan, the bank (Bank of Queensland) do not accept the IPA as a professional accounting body so I could not get a benefit of 90% borrowings that the bank offers to CPA and CA.
    I had to pull out the application and head down to wait further opportunities.

    I am as a FIPA last 12 years, I am proud of myself and my partner is a IPA as well but somehow we are not confident in the public when we had to meet this small happening.
    Therefore creating joint accounting body would be a good idea.

    Just little personal opinion



  • December 7, 2017 at 11:59 am

    I agree with the view of looking into the roles of Federal, State and Local government as we appear to hold that what was set-up decades ago is still relevant to our modern way of thinking e.g. can we afford to continue to pay unrealistic superannuation benefits to our multitude of politicians out of the public purse? Does New Zealand’s current system provide a reasonable alternative for us to follow?

  • December 8, 2017 at 3:46 pm

    I agree with Susie comments.
    I have received numerous comments that IPA is not a recognised professional accounting body and employers would prefer CA or CPA qualification.
    Great idea for a collaborate effort with CA & CPA to lobby for issues that affect our accounting field.

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