Monkeys, AML, high performing teams, news and views, hot cross buns, what is going on here?!?!
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SSFPP

 

Hi There

 

We had our highest click through rate ever last week with the timeless (and in parts hilarious) article https://hbr.org/1999/11/management-time-whos-got-the-monkey.

 

If you haven't read it, please do. And if you're too young for some of the terminology (lucky you!), Alison Roode from HESTA prepared this excellent glossary:

  • Boss now is a leader 
  • Subordinate is now a team member 
  • Memo = email
  • Boss’ office = where the leader works from 😆
  • Out-basket = sent email
  • In-basket = email inbox 
  • Supervision = leading 
  • Public relations = marketing 
  • Managers briefcase 💼 = email inbox 
  • Secretary = Executive Assistant (and not many people are lucky enough to have one these days!)
  • Intercom = mobile 📱 

In other news, has anyone tried an interesting hot cross bun flavour? KIDDING! Or not? Personally I'm a 'hot cross buns are for Easter' person but it's clear that people must buy them or otherwise Coles/Woolies wouldn't bother...

 

More importantly from a work perspective, there are big changes to AML coming this year, especially for:

  • Real estate agents and property developers 
  • Dealers in precious stones, metals and products 
  • Lawyers
  • Conveyancers
  • Accountants 
  • Trust and company service providers.

If you have any friends who work in these areas, do them a big favour and give them a heads up now!

 

And lastly, a great article from McKinsey & Company to kick-start 2025 - building high-performing teams for lasting change (and don't we all want that!).

 

Cheers

Sarah

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NEWS & VIEWS 

 

Bain up their offer for Insignia - Professional Planner

 

How to simplify super to get better retirement outcomes: Mercer - Financial Standard

 

SMC advocates to end 30-hour threshold for young Australians to be paid super - Super Review

 

Accessing advice through super ‘can make a huge difference’: ASFA - Independent Financial Adviser

 

How much did super funds return last year? - Super Review

 

Global shares drive 2024 returns into double-digit territory - Super Review

 

Bull market buoys super funds' 2024 returns - Financial Standard

NEWS FROM THE REGULATORS

 

AUSTRAC is consulting on draft updates to the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No.1) (‘the Rules’), to support amendments made by the recently passed Anti-Money Laundering and Counter-Terrorism Financing  Amendment Act 2024. If you have any feedback you would like ASFA to consider in relation to the draft Rules, please forward it to Fiona Galbraith at ASFA by close of business 31 January. Or you can respond directly to the govmint by 14 Feb. What a lovely Valentine Day present.... 

 

The Government is consulting on a draft of the National Plan to End the Abuse and Mistreatment of Older People 2024-2034. The Plan is intended to provide the strategic architecture to unite action by governments, the sector and community over the next 10 years, to prevent, respond and ultimately end the abuse and mistreatment of older people. The Attorney-General’s Department is seeking feedback on the draft Plan by close of business 17 February. 

UPCOMING EVENTS 

 
ASFA NSW Legs&Regs Webinar: Monday, 10 February at 1pm. Our first discussion group for 2025! More details to come soon. 
 
Advice Policy Summit 2025 - Old Parliament House from Monday, 10 February to Tuesday, 11 February 2025 - Register here.
 
2025 ACSI Conference - Grand Hyatt Melbourne - Wednesday, 2 April 2025, 8:30am to 6pm - Register here.
 
Financial Standard Chief Economists Forum 2025 - Tuesday, 18 February 2025 - The Fullerton Hotel Sydney | Thursday, 20 February - Zinc at Fed Square Melbourne - Register here.
 
CREW Webinars (Compliance and Risk Executive Women): stay tuned for the 2025 event list. Join CREW here - women only, sorry blokes.

ALL ABOUT TEAMS - A NEW APPROACH 

All About Teams

Another great article from McKinsey & Company to kick-start 2025. Teams can drive value and new behaviours but not all teams are created equal. Discover four key steps to create a thriving team environment that inspires lasting change. Dive in here!

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