Gavin McCosker
Chief Operating Officer
Australian Financial Security Authority
Corporate Social Responsibility – the
inter...
• A holistic approach
• Public good
• Equity of access
• Ethical supply chains
• Transparent environmental standards
Corpo...
• Familiar with values of corporate social
responsibility
• Influence behaviour of
corporations
• Work in partnership
What...
• Significant micro-economic reform
• Replaced:
- around 70 pieces of federal, state and
territory legislation
- and about...
• Support economic growth
• Reduce cost of doing business
- one national register
- single low fee
• Reduce complexity
• I...
Different channels – same functionality
-Credit Bureau
-Banks
-Non-bank finance companies
-Information brokers
-Small/medi...
• Online register - available 24 / 7
• Supported by national service centre
• Direct registrations and searches by
anyone ...
• Current - authentication of users via email
• Future
• Standard Business Reporting (xBRL)
• Proof of identity for indivi...
•Secure interaction with other registers
• Validation at the point of entry (registration and
search)
• Companies register...
•PPSR a different model
- as facilitator - maintain register in
accordance with legislation
- as enabler - work with other...
• Majority of transactions made by business
to government (B2G) providers – growing
and competitive market
• Sustained gro...
• We’re clear about our role
• We have a close working relationship with
a range of stakeholders
• We focus on maintaining...
Effective stakeholder engagement
• Essential to success of the PPSR
• Regular, meaningful engagement > identifies
service ...
Encourage competition
• Builds capacity of private sector
• Value-add products genuinely competitive with
direct access
• ...
Drive innovation
• Competitive environment drives innovation
• Co-design technical enhancements > delivers tangible
functi...
Monitor compliance
• Our terms and conditions ensure register operates well
• Private sector providers have a vested inter...
Government agencies can
influence corporate social responsibility
• Be clear about the outcomes you need
• Be clear about ...
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Corporate social responsibility Gavin McCosker

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Corporate social responsibility Gavin McCosker

  1. 1. Gavin McCosker Chief Operating Officer Australian Financial Security Authority Corporate Social Responsibility – the interaction with registry operations
  2. 2. • A holistic approach • Public good • Equity of access • Ethical supply chains • Transparent environmental standards Corporate social responsibility
  3. 3. • Familiar with values of corporate social responsibility • Influence behaviour of corporations • Work in partnership What role can government play?
  4. 4. • Significant micro-economic reform • Replaced: - around 70 pieces of federal, state and territory legislation - and about 30-40 national, state and territory registers. Personal Property Securities reform
  5. 5. • Support economic growth • Reduce cost of doing business - one national register - single low fee • Reduce complexity • Increase consistency Intention of PPSR
  6. 6. Different channels – same functionality -Credit Bureau -Banks -Non-bank finance companies -Information brokers -Small/medium business -Non-bank finance companies -Individuals -Small/medium business -Individuals Consistentfunctionality
  7. 7. • Online register - available 24 / 7 • Supported by national service centre • Direct registrations and searches by anyone – individuals or corporations • Private companies can use register to offer value-added services • Significant reform – supports private sector risk management and access to capital Personal Property Securities Register
  8. 8. • Current - authentication of users via email • Future • Standard Business Reporting (xBRL) • Proof of identity for individuals (secure online automated system) • Proof of identity for business through AUSkey (business to government online system) • Consistent with online insolvency system Data integrity is critical – start from the front door
  9. 9. •Secure interaction with other registers • Validation at the point of entry (registration and search) • Companies register (ASIC) • Australian Business Register (Tax office) • Vehicle information (VIN, stolen, written off – amalgamation of state based databases) • Proof of identity – Individuals – Attorney-General’s Department – Business (AUSKey) – Tax office Data integrity is critical…continued
  10. 10. •PPSR a different model - as facilitator - maintain register in accordance with legislation - as enabler - work with others to add value and deliver Australian Financial Security Authority
  11. 11. • Majority of transactions made by business to government (B2G) providers – growing and competitive market • Sustained growth in use of PPSR • Stability of the PPSR Achieving the right balance
  12. 12. • We’re clear about our role • We have a close working relationship with a range of stakeholders • We focus on maintaining a competitive environment • We encourage innovation • We effectively manage compliance Achieving our outcomes
  13. 13. Effective stakeholder engagement • Essential to success of the PPSR • Regular, meaningful engagement > identifies service gaps > co-design solutions • Regular dialogue with cross-section of stakeholders > builds understanding of competing demands > builds commitment to longer-term benefits Influencing corporate social responsibility
  14. 14. Encourage competition • Builds capacity of private sector • Value-add products genuinely competitive with direct access • Builds market – including harder to reach sectors • Technical information freely provided > helps potential clients to cost and assess risks • Limit administrative burden > ease of start up & investment Influencing corporate social responsibility
  15. 15. Drive innovation • Competitive environment drives innovation • Co-design technical enhancements > delivers tangible functional improvements and removes technical barriers > creates an environment conducive to innovation • Investment by AFSA > improved register stability • Co-design > allows AFSA to keep pace with market expectations and ensures innovation that helps build equity of access Influencing corporate social responsibility
  16. 16. Monitor compliance • Our terms and conditions ensure register operates well • Private sector providers have a vested interest in the register operating well • Private sector providers therefore have vested interest in complying with terms and conditions • Support self-reporting of non-compliance and assist efforts to comply Influencing corporate social responsibility
  17. 17. Government agencies can influence corporate social responsibility • Be clear about the outcomes you need • Be clear about the role of government • Commit to genuine engagement with stakeholders • Encourage competition and innovation • Build confidence in your providers to self report non- compliance – and support their efforts to comply Conclusion
  18. 18. Questions / Comments

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