About the Australia Society

This page has been set up as the main platform for all members who are currently living in Australia or indeed simply considering a move down under. The main aim of the page is to provide up to date information and news on all social and networking events, whilst acting as the main social forum for all members living in Australia. The page also provides assistance with and information for those members who are considering migrating down under. An active jobs' board may also be integrated where members can post information on positions that are available in their respective cities.

 

Chartered Accountants Abroad

Five Chartered Accountants consider the benefits of working overseas and share their tips for those who wish to broaden their horizons. Paul Murray Title: Commercial Manager – Sales, Programming & Operations Company: Seven Network Location: Sydney, Australia There are great personal development opportunities in multicultural nations such as Australia. I was fortunate enough to enter the market here at manager level thanks to my Big 4 background and extensive client exposure, something that wouldn’t usually happen in Ireland. Having started my career in Rugby Australia, I am now responsible for $1 billion in revenues and $500 million in costs at Seven Network, the most-watched free-to-air television network in Australia, and manage a team of seven women who all hail from different countries. The diversity in our team has really helped me develop from a people management perspective. My top tip Reach out to recruiters before you make the move abroad. This gets your name into the market and generates early opportunities. It also saves time, which is important as Sydney, in particular, is an expensive place to move to. Sarah McEneaney Title: Partner, Digital Talent Company: PwC Location: Chicago, US I’ve spent my whole career living, working and travelling all over the world. I would encourage anyone to take advantage of these opportunities, whether they present themselves or you have to create them. Working with people from so many cultures, and navigating situations and solving problems – often as a “minority” – are skills that are difficult to acquire without living them. Working overseas can allow you to have impact at a global scale – my experience has truly borne that out. As PwC’s Digital Talent Leader in the US, I am responsible for future-proofing our workforce of 50,000 colleagues and considering the impact of technology on the firm’s people strategy. My top tip A professor of mine once said: “Beware of the once-in-a-lifetime opportunities that come along every single day”. I wish I had heard this sooner, but I’m becoming more judicious in what I say yes to and what I decline. Oh, and get more sleep – that’s the true magic for better work. Caoimhe Toouli Title: Partner, Audit and Assurance Company: KPMG Location: Sydney, Australia I left Ireland in 2002, bound for Silicon Valley on an international secondment sponsored by KPMG. I really only wanted to go for 12 months, but had to commit to 18 months and I haven’t looked back. In my view, diversity of experience is invaluable for professional development. You can only grow when challenged by new situations, new people and new environments. Working overseas completely tests one’s ability to adapt and respond to change and difference. For me, working overseas in places like Silicon Valley and Sydney exposed me to much larger capital markets than in Dublin, more complex corporate structures and different cultures. This challenged and enhanced my experience, ensuring I continued to learn and develop throughout my career. As change is the only constant, you must remain open to change and continually adapt your managerial style. But if you are thinking specifically of working overseas, my one piece of advice would be to back yourself. Don’t be afraid to change direction; talented people will succeed anywhere in the world. Matthew Britton Title: Manager, Financial Planning and Analysis Company: Abu Dhabi Investment Authority Location: Abu Dhabi   During my four years in Abu Dhabi, I worked for a sovereign wealth fund. The role involved running the strategic financial planning process, evaluating investment projects and providing management with performance insights. My team boasted 11 nationalities and the company itself employed people from 65 countries. This in itself was incredibly interesting, but it was also very rewarding from a communication perspective.  Navigating cultural nuances and understanding how to influence effectively in a diverse environment has certainly benefited my career. In addition, the mission of the organisation is to secure the wealth of future generations so in a sense the “shareholders” are not even born yet. This brings with it a very different mindset to that of a PLC and learning to adapt to that culture – and, more importantly, to respect that culture – was a valuable learning. My top tip There is an understandable tendency for Irish people to gravitate towards other Irish people when living and working overseas, but being overseas gives you a great opportunity to develop a wider international network – something that needs to be nurtured from an early stage. Margaret Berney Title: Senior Financial Analyst Company: Tarion Warranty Corporation Location: Toronto, Canada Moving to Canada certainly pushed me out of my comfort zone, both professionally and personally. Learning from a new culture has expanded my skillset to that point that I now excel in my role and work extremely well with all colleagues, irrespective of their nationality or background. The move also impacted my outlook on work as I no longer see difficult situations as a challenge. I tackle them with confidence and this is perhaps attributable in part to the new environment I work in and the different philosophies and approaches I encounter each day. The only thing I would do differently in terms of my career overseas is to do it sooner. My top tip If you have an inclination to work abroad, follow your gut instinct and make it happen. Most won’t regret the decision and even if it doesn’t work out, you can always move home having learned from the experience. You can read more about living and working overseas in Chartered Accountants Abroad, the publication from Accountancy Ireland for Chartered Accountants Ireland members abroad.

Aug 06, 2019
News

While time management is important, attention management is how you make sure your priorities stay prioritised. Moira Dunne explains how you can make your productivity soar by identifying what is stealing your attention. Most people I know in business have very good time management skills. They set out their goals, prioritise their work and make a daily task list to get things done. In days gone by that was enough. Forward planning meant that work could be scheduled into the time available. By and large, an organised person could get all their work done quite routinely. However, those time management techniques were designed for a business world where people had control over their time. Blocks of uninterrupted time were easier to find and, in general, the plan for the day could be completed as expected. It was a business world without email, mobile phones, iMessage, WhatsApp, apps and social media. Technology has completely changed our work environment. Constant communication brings a steady stream of new requests and ever-changing deadlines. So allocating time to a task doesn’t mean it gets done. As soon as we check our email in the morning, our task list is already out of date, and when everything seems urgent, it is impossible to stick to our priorities. The steady stream of requests comes with an expectation of almost instant response time. So we generally work in a reactive, responsive mode. This is great for customer service and team cooperation, but it’s not conducive tor the achievement of plans and goals. Ultimately, the focus becomes less strategic and more operational, and business growth is affected. Attention management Right now, time management techniques have never been so important, but we have to supplement these techniques with skills to manage our attention. You have to ask yourself: how good are my attention management skills? Here are some tips on how you can become more aware of your attention and how to manage it. 1. Understand your attention Do some initial work to understand where your attention is going throughout the day. To spot patterns, track who and what distracts you. Use a time log for a few days to get the data on this. Make a list of those attention stealers to remind you what to avoid. 2. Protect your attention We often feel obliged to respond to new requests, emails and interruptions. It can be hard to say no to your customers or your colleagues. But we often end up working on something that has a lower priority than the work we planned to do. Empowerment over your time can give you the confidence to make decisions about client and office engagement. Decide on a reasonable request response time and communicate that to your clients and co-workers. It’s also important to ask yourself what tasks you’re doing that are outside of your specific role and priorities. With this knowledge, it can be easier to say no to others in the office. 3. Develop the right environment If you run your own business or manage a team, take a look at how easy or difficult it is for people to focus. Is there a noise level that can be improved? Can you work together to give each person some uninterrupted time throughout the week? Encourage people to focus on one task rather than multi-tasking. If your business allows it, turn off the phones at least some of the time. Provide a quiet room as a contrast to the open-plan office. Offer your office to your team when you are not there. Allow the use of noise-blocking headphones if it doesn’t compromise your service delivery. Above all, be creative. Come up with your own solutions for attention management that will suit your business. Be proactive, take control and be productive Let’s give some time to attention management. It is one of the most important business skills in today’s workplace. Combine this with the classic time management techniques and watch your productivity soar. Moira Dunne is the Founder of beproductive.ie

Jul 28, 2019
Brexit

Registering for an EORI number is just the first step to prepare for Brexit In order to continue to trade with the UK after Brexit, Chartered Accountants Ireland is urging Irish businesses to assess whether or not they have gaps in customs knowledge that could prevent them from trading with the UK post Brexit.    Regardless of whether customs duties apply, in order to move goods to, from and through the UK, customs declarations must be submitted to Revenue. Traders will need to have customs expertise and software to file these declarations; otherwise they will need to hire an agent to do this on their behalf.   Director of Public Affairs, Dr Brian Keegan said “Regardless of the form Brexit will take, Irish traders need to file customs returns before they can move their goods to, from or through the UK.  To complete the returns, traders need to know the goods classification number or commodity code, the customs value of goods and the origin of the goods to determine the amount of any duty payable.  Otherwise goods will be detained at ports and borders because Revenue officials will check that the proper declarations are in place. We are hearing about a critical shortage of customs expertise in the market.” Revenue estimates that customs declarations are expected to increase from 1.4 million to 20 million per year once the UK leaves the EU.   Dr Keegan said “Revenue has hired additional staff to deal with customs declarations and checks and businesses need to be proactive in their preparations to be able to complete paperwork. While, some traders are experienced in the customs formalities required to import and export outside of the EU, it will be a first for many other businesses, particularly the smaller enterprises.  We are urging these businesses to use the time between now and 31 October to upskill in the area of customs. ” While customs knowledge is critical, obtaining a customs registration or an EORI number is the first step that businesses must take to be able to continue to trade with the UK after Brexit.  Latest registration statistics from Revenue suggest that thousands of small traders have not applied for an EORI and these are the businesses that will be most affected by Brexit.  “Getting an EORI number takes three minutes and should be the starting point in terms of their plans but by no means the only thing they should do. Businesses need to look at customs software, get familiar with commodity codes and think about who will do the customs administration,” said Dr Keegan.  Regardless of the form Brexit will take, Irish businesses must do the following to prepare and they must do that now: Register online with Revenue for an EORI number – it takes a few minutes to apply and a number should issue immediately or within 3 working days if checks are needed Become familiar with the new customs administration, know your commodity code. Decide whether you will do the customs administration yourself or whether you need to hire a customs agent.If you do the customs yourself, you need to have computer facilities and software to do this to access Revenue’s Automated Entry Processing (AEP) system. Notes to editors To move goods into or out of the EU you need an Economic Operator and Registration Identification (EORI) number.  Therefore Irish and UK traders who trade with each other will need to apply for an EORI number. HMRC and Revenue use this number to identify you and collect duty on your goods. The number is also used when traders interact with customs authorities in any EU Member State.  In Ireland, you can register for an EORI number on Revenue’s EORI online registration service through My Account or ROS. In the UK, you can apply online to get an EORI number on gov.uk. Automated Entry Processing (AEP) system is Revenue’s electronic system, which handles the validation, processing, duty, accounting and clearance of custom declarations. About Chartered Accountants Ireland Chartered Accountants Ireland is Ireland’s largest and longest established professional body of accountants founded in 1888.  The Institute, which is an all-island body, currently represents over 27,000 members around the world.  The Chartered Accountants Ireland Brexit Action Group coordinates extensive lobbying and public information activities to help its members North and South of the border prepare for the departure of the UK from the EU. References: Dr Brian Keegan, brian.keegan@charteredaccountants.ie or Mob: +353 87 234 7329

Jul 23, 2019