Top 10 Insights 2024
Policy Change
Regulatory and policy changes are transforming the finance, technology and business sectors, bringing both challenges and opportunities.
Reforms in areas like tax, fair work, migration and sustainability reporting are reshaping the economic landscape, requiring organisations to adapt quickly to stay compliant and competitive.
New migration policies could also impact workforce composition across industry.
These changes drive the need for new skills and training while offering significant potential for innovation and growth. They also require updates to existing training to maintain industry compliance.
New policy and initiatives including the Australian Skills Guarantee, National Skills Passport, tertiary harmonisation and VET Qualifications Reform all provide opportunities to drive meaningful change.
Collaborative efforts between government, industry and education providers can help shape a skilled workforce ready to meet future demands, ensuring finance, technology and business sectors remain competitive and resilient.
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FSO’s project to test a new approach to qualification design
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About the Australian Skills Guarantee
Transforming insights into Action
FSO will be helping prepare finance professionals for the introduction of new legislation through the development of training products that cover climate-related disclosures, reporting, data analysis, compliance, and risk management. Submissions for our Sustainable Finance Consultation paper open to the end of January. Download the conversation starter and have your say.
Download the conversation starter and have your say.
National Skills Plan paves the way for a technology-driven future
The inaugural National Skills Plan will guide the work of all governments to deliver a shared vision focused on eight key outcomes.
Federal and State and Territory Skills and Training Ministers launched the National Skills Plan in September, a key initiative of the National Skills Agreement.
The Plan marks a critical stage in preparing the nation for the challenges and opportunities of a technology-driven future.
It focuses on eight key national priorities and outcomes, including ensuring Australia’s digital and technology capability, by building a skilled Australia through vocational education and training.
“The role of bookkeepers is evolving rapidly due to new policies and regulations. Many members now focus more on data analysis, compliance and technology integration, moving beyond traditional record-keeping to become strategic advisors in financial decision-making and regulatory adherence. This has a big impact on the skills today’s bookkeeper needs.”
Amanda Linton, CEO, The Institute of Certified Bookkeepers and FSO Sector Representative Member.
Key policy change impacts
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Redefined casual work and pathways to permanent roles
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‘Right to disconnect’ provision
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‘Same job, same pay’ principle
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New sustainability reporting
