CEDA member profile: ICAA



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Lee White, Chief Executive Officer,
ICAA

What are the ICAA's top priorities for the year?

The Institute of Chartered Accountants Australia (ICAA) will continue working with government on public policy changes that foster economic growth. In Australia's host year for the G20, one focus for the Institute will be on international taxation law in relation to multinational companies and ensuring Australia remains an attractive investment destination. Other focus areas include regulatory reform in financial systems and markets and public sector spending.

In 2014, ICAA and the New Zealand Institute of Chartered Accountants will transition into Chartered Accountants Australia & New Zealand, after a member vote in favour of the proposal late last year. Our focus for the new institute will be to become the leading trans-Tasman voice for business and the profession internationally.

How does CEDA assist ICAA to achieve its agenda?

As a member of CEDA we are able to engage with other member organisations from a wide cross-section of industries to explore public policy, economic and business issues that affect us all. For example, last year we had the opportunity to host a forum with CEDA on the need for tax reform to be on the public agenda. A variety of speakers from the business community and profession discussed the pressures that are emerging through narrowing tax bases, and the importance of a tax system which promotes efficiency, fairness, and a productive business environment in the long term.

Who was your favourite/most influential speaker at a CEDA event?

At the tax forum we hosted, PwC Australia CEO Luke Sayers shared some great insights into why tax reform is needed to encourage long-term economic growth. It's clear that tax reform is a major structural problem facing our economy and it has arguably never been more important for us to continue this conversation.

What type of CEDA activities matter most to you and your company?

We are interested in events and research into policy that impacts economic growth in Australia. This includes debates around reform in areas such as tax, financial services and regulation. CEDA's research on economic and social issues such as infrastructure, productivity, labour, skills and education also supports the work we do in the thought leadership space. Notably, in relation to our future[inc] series which explores the economic challenges confronting Australia over the short, medium and long term.