Budget 2017/18: salary packaging to help first home buyers
Treasurer Scott Morrison delivered his second federal budget on Tuesday 9 May, including a key measure aimed at tackling housing affordability for first home buyers.
From 1 July 2017, first home buyers will be allowed to make salary-sacrifice contributions to their superannuation fund that, along with the related earnings, can be withdrawn for a first home deposit. Read more
We are pleased to announce the acquisition of AccessPay.
AccessPay, based in Adelaide, provides salary packaging services principally to clients in the Public Benevolent Institutions (PBI) sector across Australia. It manages approximately 40,000 salary packages, for approximately 500 employer clients. AccessPay is similar to Advantage Salary Packaging (Advantage) in both service offering and client base and there exists opportunity to leverage best practice across both businesses.
Commenting on the acquisition, Smartgroup Managing Director and CEO Deven Billimoria said: "AccessPay is a well-managed business and we have always had high regard for their team. The business will be a very good fit for us and further expands our salary packaging footprint into the PBI sector. Following the acquisition, we will have more than 260,000 outsourced salary packages under management. AccessPay will be led by Anton Gaudry, who also continues as the CEO of Advantage. Two senior managers of AccessPay will assist in running the new business and the vendors will continue to provide support and assistance."
We are pleased to announce the release of the first whitepaper Diversity Beyond Gender: The business case for cultural diversity in the workplace from the Re-Think: The Cultural Diversity Series produced by Autopia in conjunction with gender and cultural diversity advocate, Yassmin Abdel-Magied.
The "Diversity Beyond Gender" whitepaper unveils how diverse Australia really is, and sheds light on the challenges employees from non-Anglo origins face while navigating the Australian workplace. The whitepaper also discusses both the ‘moral case' and ‘business case' for addressing the diversity gap, and shares case studies on organisations that have successfully harnessed the power of a culturally diverse and inclusive workplace.
Yassmin Abdel-Magied has been actively involved in the community since the age of 16 when she founded "Youth Without Borders", an organisation that empowers young people to realise their full potential through collaborative, community-based programs. Her list of achievements includes being the 2015 National Finalist of Young Australian of the Year, 2012 Westpac 100 Women of Influence and 2011 Australian Financial Review Youth Leader of the Year.
Autopia, a Smartgroup subsidiary and a highly-regarded novated leasing specialist servicing the corporate sector, has been working for several years with organisations like UN Women National Committee Australia to raise awareness and drive diversity in the workplace.
Download a free copy of the white paper
Salary packaging and novated leasing specialist, Smartgroup, has announced its major partnership with the Queensland Rugby Union (QRU) and St George Queensland Reds.
The news comes as the Reds score a convincing win against the Melbourne Rebels in a pre-season match, and days before they kick off the season against the Sharks at Suncorp Stadium.
"There's so much to like about the Reds, " says Smartgroup senior executive Dave Adler. "Their support for the Queensland community runs well beyond the metropolitan areas, and their work to grow the participation of women in sport is evident in the number of Queenslanders representing Australia in Rugby 7s debut at the 2016 Rio Games (and upcoming inauguration of the sport at the Commonwealth Games in the Gold Coast next year)".
"We choose our affiliates carefully," Adler says. "For us, it's important to partner with people-centric organisations that recognise the value of teamwork and operate with integrity. We're driven by innovation and improvement, and we make a point of surrounding ourselves with like-minded organisations."
Smartgroup is no stranger to Queenslanders, holding a key Federal Government contract with strong ties to regional Queensland since 1999, and securing a major public sector contract in 2011, which cements Queensland as a critical market for Smartgroup's group of companies.
"2011 was the turning point for us in Queensland, and strengthening the presence of our services and demonstrating to Queenslanders the seriousness of our commitment to them is a priority for our organisation."
While Smartsalary is the brand the fans will get to see on the Reds apparel and within Suncorp Stadium, other Smartgroup companies are expected to see great benefits through the partnership. These include Smartsalary's novated leasing arm, Smartleasing; Selectus, a leading salary packaging provider in the private education sector, and Autopia – a novated leasing specialist for the corporate market – that, like the Reds, is dedicated to driving gender diversity through its affiliation with UN Women.
QRU Deputy CEO, David Hanham, welcomes the partnership, saying "We're delighted Smartgroup has chosen to partner with the QRU for the next three years. The Queensland Rugby Union's reach allows our partners to benefit from our intimate relationship with Rugby stakeholders across the state as well as providing multiple opportunities with our elite Rugby teams like the St George Queensland Reds.
"We're able to assist Smartgroup's direct relationship with the corporate Rugby community throughout Queensland. The large business network Rugby enjoys is a very good match for Smartgroup's product range and the QRU is keen to maximise this new partnership in the coming years."
We're pleased to announce that the Queensland Government has appointed Smartleasing as one of its approved providers of novated leasing services.
Whilst no contractual arrangement has previously been established with the Queensland Government for novated leases, Smartleasing has independently been providing novated leasing services to the Queensland Government employees since 2011.
Smartgroup CEO, Deven Billimoria, welcomed the appointment. "We are delighted to continue to work with Queensland Government to provide this benefit, and I'm confident the Smartleasing team will deliver excellent novated leasing experiences to its employees."
The arrangement commences on 7 November 2016 and has an initial term of 3 years, with one extension option of 2 years.
For the third time in four years, Smartgroup and its subsidiaries have been recognised as being among Australia's most innovative organisations, with disruptive technologies that have enabled us to significantly improve our service to our customers.
Robotic Registration Renewal
Rego-bot reduces turnaround time for vehicle registration renewals for novated leasing customers from three weeks down to just 10 minutes. The streamlining of this complex process to just eight steps saves our staff around 13,000 hours per year, and delivers our customers a faster and more accurate vehicle registration process.
Workforce Modelling for Hospitals
Smartgroup has a 50% stake in Health-e Workforce Solutions (HWS). The HWS Predictive Modeller enables healthcare decision makers to scenario-plan using actual workforce data to model the consequences of planning decisions. With an informed and accurate view of how various scenarios will play out, healthcare executives have the decision support they need to protect quality of care. Hospitals using the Predictive Modeller have reported savings of between 5 and 15% in workforce costs.
Smartgroup CEO, Deven Billimoria says, "perhaps a deeper, even more rewarding benefit to adopting these technologies is employee job satisfaction. For our employees, the simplification of the labour-intensive vehicle registration process means they're able to focus on delivering greater value to our customers.
"And this is also true for HWS' clients. For example, ask a nurse unit manager what keeps them awake at night - it's their patients. The Predictive Modeller frees them up to put their energy into delivering the best patient care, rather than dealing with staffing issues."
As to Smartgroup's ongoing appearance on 'most innovative' lists, Deven is welcoming. "The recognition for our team is terrific, and it demonstrates our commitment to new and existing clients and, of course, our shareholders. Innovation is part of the Smartgroup DNA . . . we don't just talk about doing business better. We actually do it."
Selectus acquisition expands Smartgroup's offering
Following the acquisition in early July of Autopia, a novated leasing specialist to corporate organisations, Smartgroup later the same month announced the acquisition of Selectus, Australia's largest privately-owned provider of salary packaging and novated leasing.
Together the two acquisitions strengthen Smartgroup's position as a leading provider of employee benefits across all sectors.
Paul King, Selectus CEO has welcomed the acquisition. "We are looking forward to the benefits that being part of a larger organisation provides. Having gotten to know Deven and the senior management team, it is clear Smartgroup and Selectus are strongly aligned when it comes to our values and commitment to clients. I am confident our business will continue to thrive within the Smartgroup family."
Smartgroup CEO, Deven Billimoria said he has been impressed with the recent business performance of Selectus. "Selectus' current management team has been in place since 2012, and since then the business has made remarkable progress. It is already pretty clear the value Selectus will bring to Smartgroup, particularly through their innovative approach to novated leasing, as well as their specialist credentials in the private education sector."
The acquisition of Selectus takes Smartgroup overall client base to well over 1,000 employer clients and in excess of 200,000 employee customers with outsourced salary packaging.
Smartgroup is pleased to announce the acquisition of Autopia, a highly-regarded novated leasing specialist servicing the corporate sector.
The acquisition was announced on 4 July 2016 and consolidates Smartgroup's capability to deliver this sought-after employee benefit to corporate organisations across Australia.
Smartgroup CEO, Deven Billimoria said, "Bringing Autopia into the Smartgroup family strengthens our position as a leading provider of novated leasing services. We've watched on with interest as David Wakeley and his team have grown the Autopia business into a high-performing provider and I'm confident Autopia will continue to flourish as part of Smartgroup."
Autopia and Smartgroup have a shared obsession with customer service and positive workplace culture. David Wakeley, CEO of Autopia said, "There is a strong cultural fit between Autopia and Smartgroup. We're looking forward to working with the team and continuing to provide customers with unrivalled service and an excellent novated leasing experience."
Established in 2004 to provide novated leasing services to corporate Australia, Autopia now manages approximately 3,000 vehicles across more than 300 employers from its headquarters in Sydney. Read more about Autopia.
Read more about Smartgroup.