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After three successful years in operation, the IPA Deakin SME Research Partnership has been
extended for a further five years to create a dedicated research centre.
The IPA-Deakin SME Research Centre will be located in the Faculty of Business and Law at Deakin University. The centre’s role is to issue briefings, policy papers and research with an SME focus. Areas covered include taxation issues, superannuation, competition policy, governance and corporations law, innovation, trade policy, financial services and small business regulation.
A major achievement in 2015 was the issue of the Small Business White Paper, which was released in Parliament House in the presence of two government ministers and which included several well-researched recommendations. These related to revamping education and trading, a state-backed loan guarantee scheme, venture capital, innovation policy, government regulation, fair work laws and competition policy. With greater resourcing and commitment under the new agreement, the IPA-Deakin
SME Research Centre will continue to be a pioneer in thought leadership in the accounting profession.
While strengthening the IPA’s ongoing thought leadership and advocacy supporting small businesses across Australia, the centre will also deliver strategic advice to peak bodies such as the International Federation of Accountants, the Australian Accounting Standards Board and the Financial Reporting Council. It will address issues and develop policy papers to inform these bodies along with the Confederation of Asian and Pacific Accountants, the Accounting Professional & Ethical Standards Board and the ACCC.
The centre will provide technical support to the IPA on how to improve Australia’s taxation and superannuation system from a macro perspective and in relation to small business taxation.
Importantly, the centre will update the Australian Small Business White Paper, a critical output of the centre that will provide the central policy platform for the IPA. It will include an extended chapter on innovation and will form part of the IPA’s response to enquiries stemming from the development and implementation of the government’s National Innovation and Science Agenda.
The centre will also partner with Deakin’s Centre for Cyber Security Research on SME-relevant developments, and will work closely with the IPA to respond to government consultation on financial services and, at a deeper level, to government discussion papers.
This development will no doubt extend IPA’s insights into many facets of the SME sector and bolster the
organisation’s advocacy and lobbying efforts.