Welcome to the Eighth edition of theMelbourne Chapter’s newsletter. Seasonsgreetings to all members!

During this month, the World Congress ofAccountants met in Sydney, Australia.Important changes discussed at theCongress was the emergence of ArtificialIntelligence and what it means for ourprofession. During this month, we had theprivilege of hosting a meet and greetevent for past ICAI President CAM.Devaraja Reddy and present chairmanof PNG Chapter of ICAI CA ShiamKattapuram. Both Presidents shared theirexperiences and the need to give backsomething to the profession and the ICAIcame out strongly in both their messages.They also made important points ofmaking our profession relevant by keepingabreast of the latest developments. Theyemphasized the idea that the Institute wasnow a global citizen and contributed to10% of the global membership being onlythe second largest CA fraternity in theworld. Our Institute has received thehonor of hosting the next World congressin 2022 in Mumbai.

During the month Of October, CPDsessions were held at the Multipurposeroom at the Docklands library. CA PankajDamle spoke about the various businesstools and introduced the Zoho App. Thesession highlighted the digitaltransformation in the past 10 years andwhat it meant for new and old businessesout there again bringing into limelight that“Change is the new normal.”

Editor Writes

The Melbourne Chapter of ICAI November 2018 Newsletter 1

The Dynamic CFO series showcased asneak peek of what would be covered inthe Dynamic CFO series.

On December 15th an informal meet ofmembers is being organized to celebratethe festive season. More details will beavailable closer to the date. The women's’engagement group will be meetinginformally on November 24th for lunch andall CA ladies are encouraged to join. Toregister your interest please emailnewsletter@icai.melbourne for furtherinformation.

In this newsletter, CA Ambuj Goel haswritten about his job search experienceand shares information about theWeployapp. Thank you to CAPandurangarao BP for his feedback andcontribution to the newsletter.

A gentle reminder that fees for the year2018-19 are now overdue. Please emailyour feedback/ suggestions tonewsletter@icai.melbourne so that wecan address your issues.

We look forward to your continuedsupport to meet the Chapter’s objectivesof supporting new migrants and achievingthe continuous professional developmentof our members.

- CA Anbu Mohan

The Melbourne Chapter of ICAI November 2018 Newsletter

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Photos at the Meet and Greet event for CA M. Devaraja Reddy Past President on the 10th of November 2018.

CA M Devaraja Reddy Past President of ICAI addressing the members

CA Shiam Kattapuram Present President PNG Chapter of ICAI

Women’s engagement

Meet and Greet Photos

At the CPD event 10 November

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Chairman CA Anand Agarwal introducing the Presidents at the Meet

and GreetVice Chairman CA Harsha Vardhan Singh introducing Past President

ICAI CA M Devaraja Reddy

Presenting Mementos to Past President ICAI CA M Devaraja Reddy & President PNG Chapter of ICAI CA Shiam Kattapuram

Dear Professional Colleagues,

Quotes motivate and inspire us to keep moving forward. Here are a few thought-provoking quotes:

“A coach is someone who tells you what you don’t want to hear, who has you see what you don’t want to see, so you can be who you always knew you could be” Tom Landry

“Success is walking from failure to failure with no loss of enthusiasm.” Winston Churchill

QUOTES

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New Members welcome

New members joining the Melbourne Chapterof ICAI during October 2018 are:

CA Sanjaya Thakur

Welcome On Board!

MANAGING COMMITTEE MEMBERS

Position Member

Chairman CA Anand Agarwal

Vice Chairman CA Harsha Vardhan Singh

Secretary CA Pankaj Damle

Treasurer CA Foram Seth

Public Officer CA Prity Sarda

Committee member CA Sameer Manduskar

Committee member CA Anbu Mohan

Committee member CA Kumar Somya

Committee member CA Anirudh Misra

Committee member CA Ambuj Goel

PAYMENT OF MEMBERSHIP FEES

Membership fees for 2018-19 are now overdue and renewal letter has been sent.To renew your membership fee, please click on the below link and pay your due as per renewal :https://zohosecurepay.com/checkout/bnxmgvb-d4qxa5rd0z8ac/Renewal-of-Annual-Membership-Fees

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Month Date

January 19 19th Jan 2019

February 19 16th Feb 2019

March 19 16th Mar 2019

April 19 20th Apr 2019

May 19 18th May 2019

June 19 15th Jun 2019

July 19 20th Jul 2019

CPD sessions will take place at the Multipurpose room, Docklands Community HUB, Melbourne onthe 3rd Saturday of every month. Please mark your calendar with the dates below to takeadvantage of your CPD requirements. Speakers will be announced closer to the dates

Melbourne Chapter ICAI Ladies,An informal meet has been organized on 24 November 2018 at theKitchen Workshop located at the Crown Melbourne at 12 noon. Formore information, please contact committee member CA Foram Sethor send your contact number to newsletter@icai.melbourne withsubject women's engagement lunch

Your committee is planning a family get-together on 15December, 2018. Please mark your calendar for the event.More information will be available closer to the date

“Not having to go through the numerous interview rounds and only being selected due to my skills, was refreshing" says CA Ambuj Goel. Here CA Ambuj Goel shares his job search experience and talks about the Weploy platform which he feels is a good starting point for any job seeker; especially a new migrant in Australia.

Landing your first job is always challenging,for everyone alike, be it in any part of theworld. However, being a new immigrant in aforeign land comes with its own set ofchallenges. Language barrier, lack of localexperience, age, qualification, gender, race,nationality and other such factors can makematters worse. Such issues coupled with littleto no job market understanding and limitednetworking opportunities force many to takeup jobs not relevant to their field of workthereby, only adding to the agony.

As a recent migrant, I was facing similarissues when I stumbled across Weploy. Dueto their platform, I was able to work with aprestigious Melbourne based SuperannuationCorporation. The experience contributedtremendously to my understanding of theAustralian corporate world and, not having togo through the numerous interview roundsand only being selected due to my skills, wasrefreshing to say the least.

Weploy is an innovative Melbourne-basedApp that is building a fearless and moreempowered future. It aims to disrupt therecruitment model and democratisetraditional hiring processes by connectingcompanies and businesses looking for shortterm support staff, with skills-matchedemployees ready to hit the ground running.

To become a member of the Weploycommunity as a “Weployee”, candidates fillWeploy in on their qualifications andbackground, go through psychometric andcognitive tests to determine their skills, andhave just one, quick interview with theagency. When a business or “Weployer”publishes a job, the algorithm matches themto the best Weployees for the job. TheWeployee who accepts the job first via anotification from the App, walks straight intothe role, no interview required.

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It works on the basis that no matter whatyour gender, age or background, as long asyou have the skills, you get the job. Itremoves biased hiring processes, whetherthey are conscious or unconscious andthereby turning the concept of “cultural fit”on its head.

It is also worthwhile to mention thatWeployees are paid a legal hourly fee whichis 10% above the industry rate includingSuperannuation, to ensure that good work isrewarded whenever and however it isperformed.

I am confident Weploy can help othermigrants just like me in their searchfor gainful employment, and I wouldrecommend it to anyone who isfrustrated with old fashioned, biasedhiring methods. CA Ambuj Goel

The views and opinions expressed in this article are

those of the authors and do not represent the views

of the Melbourne Chapter of ICAI

News – Elections November 24,2018

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If you have changed addresses, please update your addresses and vote to avoid getting a fine. If travelling abroad or are simply unable to vote on that day consider voting early. Visit vec.vic.gov.au for more information

ICAI has entered into a unilateral arrangement “ Pilot International Pathway Scheme” with CA ANZ for ICAI members based in Australia and New Zealand.

Through this scheme, ICAI members based in Australia and New Zealand would get the CA ANZ membership in addition to ICAI membership by completing 40 hours of self study program and attending a 2 day workshop in less than one months time.

This scheme will increase professional avenues for members in Australian & New Zealand by facilitating recognition of Indian accountancy professionals with local Accountancy qualification in addition to their ICAI qualification.

Further details about the scheme can be seen at https://resource.cdn.icai.org/49849icai-ia39512.pdf.

The said pathway program is in addition to the proposed MoU, which is before the government for approval

Chartered Accountants Australia and New Zealand (CA ANZ) announces a Pilot International Pathway program for ICAI members

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Our website www.icai.melbourne is online now. Please visit the website and feel free to offer your feedback and suggestions

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ICAI Central & Regional CouncilElections - Dec 7 & 8, 2018

The ICAI elections will be held on the 7th and 8th of December 2018. Ballot papers

will be posted to members who have updated their overseas residential address with

the Institute. The last date and time for receipt of completed ballot papers back by

the Institute is December 17,2018, IST 5 pm. Please take the time to cast your vote.