Greatest Good Newsletter January 2023

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Happy New Year!

Happy 2023! We hope you had a chance to take a break and recharge over the last month or so.

For many it's been a busy start, whilst others have just got going after a long break. Either way, we hope 2023 is a good one for you, living your values, and staying healthy and happy.

 

Unless you've been hiding under a rock, you've probably heard everyone talking about Chat GPT (generative pre-trained transformer). Amongst the various benefits being talked about is how this artificial intelligence is going to simplify our lives by generating human-like conversations to such an extent you won't know if you are chatting with a chat bot or a real person. Useful or scary? Too soon to tell, but we want to understand the unintended consequences, so we'll being talking to lots of tech experts and others about the impact it could have. We'd love to hear your thoughts as well!

In the meantime, rest assured we only have real humans helping you to do the greatest good!

Inspiration from our members

3._members
  • Verity White, founder of Checklist Legal was featured on The Boutique Lawyer Show podcast.
  • Hotel Etico was featured in Hotel Management Magazine. 

News and updates

Social Enterprise budget submission

Social Enterprise Australia called a quick collaboration meeting in late January, following the federal government making a late call for budget submissions prior to shutting down for Christmas.

Individuals from more than 60 organisations (including Greatest Good) got together to the formulate the social enterprise federal budget submission.

Other social sector news

  • A social enterprise hub has opened in inner Sydney (South Everleigh).It is a community space as a result of a collaboration between 107 Projects and Social Enterprise Council of NSW and Canberra (SECNA), with support from CBA.
  • Federal Treasurer, Jim Chalmers is working on plans to attract banks and super funds to set up a social impact investing fund. 
  • On 19th January, the Treasurer released a public consultation exposure draft legislation and accompany material for the Deductible Gift Recipient (DGR) Registers Reform measure. This reform is intended to transfer administration of the four unique DGR categories from portfolio agencies to the ATO. The consultation closes on 19th February 2023.
  • The World Economic Forum releases its 2023 Global Risks Report, highlighting familiar and emerging risk facing the world. 
  • Former politician, turned board member, Ben Wyatt questions the lack of Aboriginal and Torres Strait Islander colleagues on boards in this AICD article.

Regulatory updates

 (the sometimes boring, but always important stuff)

Significant regulatory change affecting all organisations
The Fair Work Legislation Amendment (Secure Jobs, Better Pay) Bill 2022 was formally passed by both houses of Parliament and received Royal assent on 6 December 2022, becoming the Fair Work Legislation Amendment (Secure Jobs, Better Pay) Act 2022 (the Act).

The Act came into effect on 6 December 2022. Key changes made by the Act are  being introduced in stages over a twelve month period. Some were effective immediately. We have summarised the key changes and effective dates in this post and suggest you talk to your lawyer and/or HR consultant regarding the changes you need to implement to become compliant quickly.

Other regulatory updates
We are posting major regulatory updates each month. You can find these by going to the Blog page and using the Regulatory Updates filter. We can't provide legal advice but you can find significant proposed and upcoming legislative changes to discuss with your legal advisers

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Greatest Good is a social enterprise that connects conscious consumers with for-purpose organisations.

We are a directory, community and marketplace that helps consumers to find, engage with and support social enterprises, B Corps, charities and other not-for-profit organisations.

Greatest Good Newsletter December 2022

Greatest Good Newsletter March 2023