APRA has released a discussion paper on its new prudential standard on remuneration (CPS 511). The standard will operate alongside and supplement the Banking Executive Accountability Regime (BEAR) requirements for Authorised Deposit-Taking Institutions (ADIs) and the future legislative equivalent for Registrable Superannuation Entity (RSE) licensees, life, general and health insurers. It will have far-reaching implications […]
There is an emerging importance of Smart City/Internet of Things (IoT) cyber security across local government. Smart cities are comprised of a highly complex, interdependent network of devices, systems, platforms, and users. Smart energy, utilities, water and wastage, parking and automotive, industrial and manufacturing, building automation, e-government and telemedicine, surveillance and public safety are just […]
Centium was recently engaged by a large NSW Government agency to assist with the review and re-calculation of their motor vehicle employee salary package reconciliations over the past two years. These vehicles are packaged on a business/private usage basis rather than as novated leases. We found that: Spreadsheets used by the agency were developed in-house […]
From 1 July 2019 there are more stringent company requirements under new Commonwealth 'Whistleblower' legislation. What are the issues? Organisations are now developing and introducing their own Whistleblower policies to meet legislative requirements with many still 'finding their feet' preparing their policies, practices, training, communications, and record-keeping processes. What does this mean for you? There […]
Community Participation Plans (CPPs) are now mandatory. They need to be prepared by Councils for their LGA to make it clearer and easier for members of the community to understand how they can participate in planning decisions. They are intended to be high-level documents which describe how and when a planning authority, such as a […]
Austroads has developed the National Prequalification System (NPS) to create a harmonised framework for roadworks and bridgeworks construction contracts. NSW Roads and Maritime Services (RMS) is a participant in the NPS. RMS has in turn placed this requirement on Councils. Delivering services to the RMS is a significant source of financial revenue for many Councils. […]
The Office of Local Government (OLG) has just released a discussion paper on the much-awaited Risk Management & Internal Audit Framework for Councils. The proposed framework is largely modelled on the Public Sector Framework (TPP 15-03) and has very similar requirements. What’s new or changing? What this will mean for Councils Centium can work with […]
As from 1 October 2018 (last year), NSW associations also registered as a charity no longer need to lodge its annual summary of financial affairs with Fair Trading or pay the annual lodgement fee. Charities must still lodge their Annual Information Statement (and financial statements if required) with the ACNC for each financial year. The […]
We have several Best Practice Guides in various areas of risk management. Each one of these guides is intended to be modular, simple, straightforward, and on a single page. Each one has up to 15 statements which describe the things you would expect to see if the organisation was at ‘best practice’ (see also Self-Assessment […]
Keeping up to date with investigation techniques is a core function of any Compliance, Human Resources, Governance or Integrity team. Often time lapses and due to the busy environments, we work in, investigations training for key staff is frequently overlooked. It doesn’t matter if you work in an internal or external compliance team or in […]
The ACSC has recognised the vulnerabilities that agencies face during MoG changes and have issued a Guideline Paper to assist agencies protect themselves during those changes (see attached). The Guide recognises that adversaries target organisations undergoing major organisational change because they know the disruption makes it easier for social engineering attacks. And this doesn't apply […]
INSIDE THIS ISSUE COMMONWEALTH FRAUD INVESTIGATIONS REPORT NSW AUDIT OFFICE REPORT ON ENGAGEMENT OF PROBITY ADVISORS AND PROBITY AUDITORS NEW COMMONWEALTH WHISTLEBLOWER LAW It’s easy to engage us! For NSW State Government: Centium is listed on SCM0005 and SCM0020 (Advanced). This allows you to directly engage us based on a quote. For NSW Local Government […]
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