ITCRA Annual Report 2014/2015 · 665 025 will be held at: Experis, Level 22, Darling Park Tower 2, 201 Sussex Street Sydney on Thursday 26th November 2015 at 11.00am. ITCRA Contact

ITCRA Annual Report 2014/2015

Information Technology Contract & Recruitment Association Ltd

ACN 143 665 025 (A company limited by guarantee)

Who are we?

ITCRA (Information Technology Contract and Recruitment Association Ltd) is the professional body

for the ICT contracting and recruitment sector in Australia and New Zealand. ITCRA Members supply

and/or manage white collar professionals on behalf of their clients for permanent and flexible roles,

including contracting, across Australia and New Zealand as well as multiple international markets.

Our Vision

To provide leadership for Members based on knowledge, standards and influence.

Our Strategy

Recognising, supporting and promoting excellence in the ICT contracting and recruitment market.

Representation to client organisations, candidates and regulators, including Government, as a recognised brand of quality.

Providing Members with business intelligence, industry positioning and programs to assist in accelerating their business objectives.

Member Survey Results 2014




Our Values

1. ITCRA is a strong network for Members through collegiality, service and support. 2. ITCRA is a financially secure organisation that achieves its goals and delivers benefits to all

stakeholders. 3. ITCRA is a brand synonymous with quality and expertise.


Our Goals

1. ITCRA Membership to be highly valued and represent integrity 2. ITCRA to be the centre of informed influence and advocacy for Members 3. ITCRA Standards to be the benchmarks for clients, candidates and regulators 4. ITCRA Programs to deliver value to Members and financial security to the Association 5. ITCRA to be recognised as an expert commentator on flexible employment, professional

talent and quality workplace practices.

The





Annual General Meeting

The 17th Annual General Meeting

of the Information Technology

Contract & Recruitment

Association Pty Ltd (a company

limited by guarantee) ACN 143

665 025 will be held at: Experis,

Level 22, Darling Park Tower 2,

201 Sussex Street Sydney on

Thursday 26th November 2015 at

11.00am.

ITCRA Contact Details

Suite 1022, L 10, Tower 4, World Trade Centre,

611 Flinders St, Melbourne 3005

Tel: +61 3 8622 4700 Fax: +61 3 9600 1950

Email: [email protected]: www.itcra.com

Auditor details

Christopher Kemp

c/o Lifewealth Partners Pty Ltd

Level 4, 423 Bourke Street,

Melbourne VIC 3000

Tel: +61 3 9670 3434

Fax: +61 3 9670 2828

ITCRA Board of Directors

at the time of the Annual

General Meeting

Richard Fischer President

Experis

Peter Acheson, Vice President

Peoplebank Australia Ltd

Andrew Cross

Ambition Recruit Pty Ltd

Damien Ross

Davidson Technology

Nicole Shepherd

Clarius Group Ltd

Duncan Thomson

Finite IT Recruitment Solutions

Jason Trevethick

Paxus Australia Pty Ltd

CEO/Company Secretary:

Julie Mills

Directors who retired during the year

Leonie Knight

Data#3

Aaron Williams

Talent International

mailto:[email protected]




President’s Report to June 30, 2015

As President of the ITCRA Board I am pleased to present my report

for the year ending June 30, 2015. During this period the focus of

the Board of Directors has been to consolidate the Association’s

long term strategy and consider the business opportunities the

Association should develop going forward. Thanks to Member

feedback, both formal and informal, it is clear we have established

three key pillars to drive the Association for the next five years.

These are: Knowledge, Standards and Influence

The Association’s overarching goal is Membership growth – to be able to support the membership

on these key areas we must maintain a strong Membership base for financial viability and strength

of influence. I am pleased to report that membership retention continues to be a feature of ITCRA’s

success, no matter the fluctuating economic and business forecast and despite mergers, acquisitions

and changing business models. More importantly steady Membership growth, an 11% increase year

on year, confirms that ITCRA’s pillars are providing a service and program offering that is attractive

to our target markets.

Our engagement of companies beyond the specialist ICT contracting and recruitment sector

including accounting, architects and engineering has been slowly increasing, as

well as our engagement with internal recruitment teams.

Membership growth has not been as strong as we forecast, but high retention and

the reported increase is a positive outcome during a year that has witnessed

mergers, acquisitions and changing business structures across the market.

Our knowledge pillar, with the support of

BurningGlass, SEEK and our own unique data from

SkillsMatch has gained momentum with the ICT

Employment Trends Report now an in demand

resource that provides robust, validated data for

preparing reports, submissions and discussing ICT

talent requirements with clients and with

Governments.

The Recruitment Industry Benchmarking Report

(RIB), the Remuneration & Benchmarking Report

and the Contractor Trends are all Membership

services that ensure business and market

knowledge is current and based on real time data

analysed, collated and reviewed by experts in their field.




The Standards that are required for Membership, including the Code of Conduct and Dispute

Resolution Procedures, the Certification program, the compliance

initiatives of iSafe and Privacy are regularly acknowledged by

organisations external to our Membership as representative of

benchmarks that are key to quality talent management.

To ensure this pursuit of quality practice continues, in partnership with Certex International, ITCRA is

developing pathways to assist companies who engage and manage people to understand and

develop Quality Processes and Procedures reflective of the sector in which they operate. This

partnership has delivered an array of tools and support that ensures everyone engaged with ITCRA

Member companies understands the standards required for acceptable practice.

Ongoing change in the contracting and recruitment sector comes with an increasing need for

vigilance, advocacy and a voice as clients, technologies, regulators and candidates all work

independently and, at times, it feels collectively to challenge historical

contracting and recruitment practices as well as established business models.

ITCRA has embraced many of these challenges with its evolving Membership model as a pro-active approach to remaining relevant and to encourage dialogue

with wide ranging influencers that impact the sustainability of the sector. The knowledge and standards pillars of the strategy provide the

background and the strength of argument for the majority of our advocacy

program.

Our major activity this past twelve months has been in Queensland and

ACT with procurement and regulatory changes requiring constant

representation, on behalf of Members, to relevant legislative and statutory

authorities. This program of advocacy has required regular input from the

volunteer Committees and Working Groups in Queensland and the ACT and the ITCRA Board

acknowledges that commitment.

ITCRA continued to meet with WorkCover representatives in Victoria, South Australia and Western

Australia to discuss questions raised by the ongoing labour/on hire/contracting definitions used in

documentation and resources and to continue to raise awareness of ITCRA’s commitment to Work

Health and Safety through iSafe.

During the past year we have responded to a number of reviews and inquiries relevant to the ICT

and professional contracting and recruitment sector and our position as managers of a professional,

highly skilled, mobile talent pool has been well received.

What is the most

significant role that

ITCRA plays for your

business?

“Advocacy to Industry and Government and upholding industry standards” Member Survey Results 2014




The Board of Directors

The Board had four meetings for the financial year and the Executive Directors met ten times. During

the course of the year Aaron Williams (Talent International) and Leonie Knight (Data#3) retired from

the Board and were not replaced. I would like to thank them both for their service and contribution.

I would also like to acknowledge the retirement of Duncan Thomson (Finite IT Recruitment), from the

Board of Directors at this Annual General Meeting and note his recognition as a Life Member of the

Association. Thank you again, for your contribution over the past ten years Duncan.

Financial Results

The Financial Statements report an Operating Result of $28,732 with Retained Earnings of $786,498.

Our Platinum Partners provided significant support to achieve these results and the Association

acknowledges the commitment of Arthur J Gallagher and ITSuper to our success and program

development.

I would like to also thank all our other Partners and Supporters who are noted in the Annual Report –

your involvement is much appreciated.

Finally, thank you to all Members as it is your feedback and engagement that ensures you have an

Association that is representative, responsive and committed to providing leadership based on

knowledge, standards and influence.

Richard Fischer

ITCRA President

26 November 2015




CEO’s Report to June 30, 2015

Introduction

Once again I am pleased to present my CEO’s Report to the ITCRA Members and

our broader community.

The Association’s Committees, Working Groups and Networks, along with the

Board of Directors, have been instrumental in ensuring that the values and goals that were highlighted by

the Members in our Member Feedback survey in 2014 have been supported and developed in the past

year, as part of the long term strategy.

Member consultation and communication was recognised by Members as one of the keys to ITCRA’s

success as an Association. Board policy is very clear that no campaign, program or direction is taken

without a formal review of the views of the relevant stakeholders either through the Member Committees,

the CEO’s Circle or a whole of Membership survey.

The evidence of Member knowledge, in responding to the Membership Feedback survey, was testament to

the success of this policy and provides a level of confidence when commencing a campaign of advocacy,

knowledge sharing or standards development.

ITCRA’s Goals are a key driver in delivering the long term strategy of the Association and, in tandem with

the Values, set the agenda for ITCRA. This year activity has been linked to the key pillars of Standards,

Knowledge and Advocacy.

VALUE: ITCRA is a brand synonymous with quality and expertise.

GOAL:

ITCRA Membership to be highly valued and represent integrity.

In the past twelve months we have had twelve substantive questions from clients, candidates, Members

and regulators with respect to managing issues via the ITCRA Code of Conduct and Dispute Resolution

Procedures.

Parties have accessed the intervention process and, in particular the Dispute Resolution procedures to

understand how to address concerns and to review obligations. The Keys to an Effective Transition (for

Members and Clients) have both been highly sought after along with the Certification module which

features the Code of Conduct as a key topic.

Two matters escalated to interventions which then resulted in the parties coming to an agreed outcome –

so no complaint was formally lodged and two required mediations which Members participated in and then

undertook practice improvement recommendations..




The Code and its supplementary resources, as well as the Dispute Resolution Procedures has resulted in

positive reactions from clients, Members and in one important outcome a Government Department. The

integrity of the Members’ responsiveness through the process sets a benchmark of accountability that

underpins the ITCRA brand.

GOAL:

ITCRA Standards to be the benchmark for clients, candidates and regulators.

During the past twelve months ITCRA has strengthened its partnership with

Certex International – a quality standards organisation, to develop a program

of information sharing, templates and resources to provide ITCRA Members

with pathways to completing various quality standards accreditation, as often

required by clients and Government.

This joint initiative has resulted in an unexpected outcome – a People and

Talent Management Standard which has six modules addressing the six key

areas that demand quality practice in any company managing people. The

modules include: recruitment process, talent management, immigration,

work health and safety, privacy and quality.

The iSafe and Privacy programs, along with any pre-registered ISO Standards

are recognised within this program and both the iSafe and Privacy Networks

provide leading edge examples of quality workplace best practice, and

represent the strongest indication of ITCRA’s committed partnership with

clients and candidates, to ensure where ITCRA Members are engaged, the

best of current compliance resources are available to access.

The Certified Professional Program is now embedded into Membership fees, for those who wish to take

this step and ITCRA continues to progress towards a model that requires a level of certification of

individuals within an ITCRA Member company – and some companies, we are pleased to say have reached

that point already.

ITCRA continues to be referenced in tenders and client requests and, thanks to Members regularly

reinforcing our brand with clients we are getting opportunities to provide examples of quality practice

expectations using our Standards resources.

What is the most

significant role that

ITCRA plays for your

business?

“Standards, Code of Conduct, Certification & Member Services”





GOAL:

ITCRA to be recognised as an expert commentator on flexible employment, professional talent and

quality workplace practices.

ITCRA’s CEO’s Circle has met three times this year to review unpublished data

and statistics from BurningGlass Technology on global hiring trends, from SEEK on

new technologies coming down the pipeline to disrupt even further and from

Hart Consulting and SEEK on the remuneration models that are advertised vs the

reality of what is occurring – as illustrated in ITCRA’s R&B Report. These meetings

have informed Board discussions, assisted with positioning to Government and to

regulators and focussed the Association on ensuring all Members have programs

and information as a value add to their companies.

The ICT Employment Trends Reports have been published quarterly with the support of SkillsMatch,

BurningGlass and SEEK. Monthly Dashboards are also produced and our Government subscriber base has

increased with the availability of the greater data set.

ITCRA is also participating in a number of forums, on a regular basis, to discuss the Trends and to increase

the focus on developing skills in the ICT sector.

The ITCRA CEO Speaks blog has been published fortnightly for the past year and features a range of

commentary on the market, on issues facing Members and on good news stories. It is regularly re-

published in other industry publications.

ITCRA also has had a regular column in the Global Recruiter Australia, commenting on the Australian/New

Zealand market, has presented at the Global Recruiter Asia Pac Summit, presented to a range of forums

across Australia on the market trends.


0 20 40 60 80

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https://itcraceospeaks.wordpress.com/




VALUE

ITCRA is a strong network for Members through collegiality, service and support.

GOAL:

ITCRA to be the centre of informed influence and advocacy for

Members.

Members have been represented by ITCRA to:

Queensland Government Resource Manager Joint Advisory Group,

Queensland QAssure Advisory Committee,

QLD Interdepartmental Inquiry into Whole of Government Procurement

QLD ICT Procurement Strategic Advisory Group;

Gold Coast 2018 Commonwealth Games (GC2018 Procurement forum)

ACT Revenue Office

ACT Justice (licensing);

Western Australia Department of Commerce and Consumer Protection

(review of Employment Agents Act)

South Australian Government Inquiry into Labour Hire

Department of Immigration – proposed changes to levy for 457 visa sponsors

Productivity Commission Review of the Workplace Relations Framework

Fair Work Australia Modern Awards Review

Australian Tax Office – Single Touch Payroll

Victoria, South Australia and Western Australia WorkCover

ACS Review of ICT Qualifications for Australian Universities

National Qualifications Service – New Zealand – Review of ICT Qualifications

Australian Bureau of Statistics

This advocacy program is underpinned by our data collection and research program informed by

SkillsMatch, BurningGlass, SEEK and iPulse Member Surveys – and acknowledges our expertise in

understanding the markets we represent.

It has been my privilege to work in partnership with proactive Committees, Working Groups and Directors.

Member collegiality and support for the whole of Membership, as well as engagement with ITCRA, remains

very strong and that augurs well for the Association and the sector in general going forward.

Julie Mills

ITCRA CEO

26 November 2015




ITCRA General & Business Members at June 30, 2015

Absolute IT Ltd eServe Consulting Pty Ltd PCA People

Adaps Recruitment Evolution Recruitment Solutions Peoplebank Australia Ltd

AJ Recruitment Pty Ltd Exclaim IT Place Recruitment

Ajilon Australia Pty Ltd F1 Solutions Potentia Limited

Alcami Pty Ltd face2face Recruitment Precision global Pty Ltd

Aliva Finite IT Recruitment Solutions Premium IT Recruitment Pty Ltd

Ambition Technology FourQuarters Recruitment Pty Ltd Professional Recruitment Australia

Aristech Pty Ltd Freshwater Group Resource Solutions Group

Ashdown Consulting Pty Limited Gel Group RMA Recruit

Attribute Group Genesis IT&T P/L Rowben Consulting

Aurec GMT Recruitment Rubix Solutions Pty Ltd

Australia Wide Personnel Greythorn Pty Limited Securitech Consultancy Solutions Pty Ltd

Balance Recruitment Pty Ltd Harsha Consultants Pty Ltd Seed Talent

Beacham Addis Pty Ltd Hays IT Seek Limited

Beyond Technology International Pty Ltd

Hudson Sherborne Consulting Pty Ltd

Bluefin Resources IMA Management & Technology SHK

BSI People Pty Ltd Infinite Consulting Sirius Recruitment Group

BT Consulting Innovative Business Computing Skilled Group

Cameron Recruitment Intec Group Smalls Recruiting

Chandler Macleod Incorporating Ross Julia Ross

IT Forum Gold Coast Smartworker Pty Ltd

CircuIT Recruitment Jenny Barbour IT & Project Recruitment Southern Cross Computing Pty Ltd

CITI Recruitment Pty ltd Kinetic Recruitment Spark Recruitment Pty Ltd

Clarius Group Ltd Kings resources Speller International

Clicks IT Recruitment Klikon Solutions Pty Ltd Systems and People

Connected Resources Pty Ltd Launch Recruitment Pty Ltd Talent International

Cosmic Tech Solutions Pty Ltd Lime Recruitment Talent2

Data#3 Limited M&T Resources Technology Options

Davidson Technology Incorporating ITCOM

ManpowerGroup Techpoint Consulting

DX Solutions Pty Ltd Michael Bailey Associates The Recruitment Business T/As Become

Dynamo Recruitment Mindworx Pty Ltd The Recruitment Hive Pty Ltd

Ebit Services Pty Ltd Montare Recruitment Titan Recruitment Pty Ltd

ecareer Omaha IT Transparency IT

Eden Ritchie Recruitment Oncore Business Solutions Pty Ltd Viiew Pty Ltd

EDT Global Path4Group White Pillar Pty Ltd

eMerge Talent Pty Ltd PayMe Australia Pty Ltd Whizdom Pty Ltd

Encore IT Services Pty Ltd Paxus Australia Pty Ltd Xpand Group

Enterprise IT Resources




13

Certified Professionals at June 30, 2015

Arianne Akber Data#3 Limited Sonya Oberstar Davidson Technology inc ITCOM

Natalie Angus Whizdom Pty Ltd Matt O'Brien Clicks IT Recruitment

Glenn Beauchamp Beacham Group Pty Ltd Jeralee O'Byrne Exclaim IT

Malin Bergendahl Exclaim IT Denise Pereira Ajilon Australia Pty Ltd

Steve Bleakley Connect Recruitment Pty Ltd Alan Quigley Davidson Technology inc ITCOM

Justin Bundy Peoplebank Australia Limited Aaron Reichelt Peoplebank Australia Limited

Glenn Chaffey Exclaim IT Kristen Reid Davidson Technology inc ITCOM

Rebecca Chan Peoplebank Australia Limited Erran Roser Data#3 Limited

Brylie Chivell Exclaim IT Nick Shepherd Davidson Technology inc ITCOM

Margaret Cook Davidson Technology inc ITCOM Sonia Singh Paxus Australia Pty Ltd

Katie Cowell Viiew Pty Ltd David Smith Peoplebank Australia Limited

Jana Douge Viiew Pty Ltd Kate Solomon M&T Resources

Paul Dunn Exclaim IT Imogen Studders Davidson Technology inc ITCOM

John Egan Peoplebank Australia Limited Brenton Thomson Chandler Macleod Group

Sarah Fatafehi Viiew Pty Ltd Jane Turner Viiew Pty Ltd

Kerryn Haukedahl Davidson Technology inc ITCOM Vimal Venugopal Talent International

Jenny Hood Davidson Technology inc ITCOM Megan Waldon Data#3 Limited

Andy Hume RMArecruit Pty Ltd Mansoor Walli IT Futures

Kim James Ajilon Australia Pty Ltd Mike Watson MW Resources Pty Ltd

Vanessa Knispel Peoplebank Australia Limited Kate Weston Charterhouse Partnership

Kieran Libbis Recon Solutions Anthony Whyte Talent International

Nicole McCann Whizdom Pty Ltd Jackie Winter 3eLearning

John McCluskey Whizdom Pty Ltd




14

ITCRA Recognition

ITCRA Leadership Award

John Egan, Peoplebank

Australia

ITCRA Certified Professional of

the Year 2015

Jana Douge, Viiew

ITCRA CEO’s Award

Amy Towers,

FCB Group




15

ITCRA Life Members

• Duncan Thomson 2015

• Ben Wood 2014

• Russell MacDonald 2014

• Penny Coulter 2013

• Leon Lau 2011

• Tony Cooke 2010




16

ITCRA Partners & Supporters at June 30, 2015

Platinum Partners

Gold Partners

Silver Supporters




17

Bronze Supporters

PROFILE SUPPORTERS as at June 30, 2015 DIRECTORY SUPPORTERS as at June 30, 2015

Hart Consulting HHMC Australia

ATC Events/HCMS/Inside Jobs

Ayers Management

Pendragon Management BJ&M Consulting

RISQ Group Capital Sales Corp

Secured Signing Ltd Etz Back Office Automation iProfile Members Telecom Power Pays

RecTech Solutions

Information Technology Contract & Recruitment Association Ltd ACN 143 665 025

18


(A company limited by guarantee)

ACN 143 665 025

Financial Statements

For the year ended 30 June 2015

Lifewealth Partners Pty Ltd

Level 4, 423 Bourke Street

Melbourne VIC 3001

Phone: (03) 9670 3434 Fax: (03) 9670 2828

Email: [email protected]


19

Contents

Directors' Report

Auditor's Independence Declaration

Statement of Comprehensive Income and Expenditure

Statement of Financial Position

Statement of Changes in Equity

Statement of Cash Flows

Notes to the Financial Statements

Directors' Declaration

Independent Auditor's Report


20

Directors’ Report

Directors’ Records for Reporting – July 2014/June 2015

Name of Director Term Experience, Qualifications & Special Responsibilities

Peter Acheson Re-elected October 2013 10 years Bachelor of Business, Bachelor of Education Special Responsibilities: Executive Committee from October 2013

Andrew Cross Elected October 2014 17 years LLB, Law Degree, Post Graduate Diploma Legal Practice Special Responsibilities: Working Groups

Richard Fischer Co-opted October 2013 22 years Bachelor of Business Studies, Diploma of Business Special Responsibilities: President/ Executive Committee from October 2013

Leonie Knight Elected October 2013 Resigned August 2015

18 years Special Responsibilities: Working Groups

Russell MacDonald Re-elected October 2012 Retired November 2014

42 years Special Responsibilities: President/ Executive Committee till October 2013

Damien Ross Re-elected October 2012 Re-elected October 2014

19 years B. Business Human Resources, Grad Dip Information Systems Special Responsibilities: Working Groups

Nicole Shepherd Co-opted August 2014

23 years Cert IV in HR, Advanced Certificate in Travel and Tourism Special Responsibilities: Working Groups

Duncan Thomson Re-elected October 2013

13 years B. Arch (Hons), M. Arch Special Responsibilities: Vice President/ Executive Committee to August 2012

Jason Trevethick Elected October 2014

15 years Diploma in Business Management

Aaron Williams Co-opted August 2014 Resigned July 2015

17 years Bachelor Economics

Ben Wood Re-elected October 2012 Retired November 2014

27 years B. Arts (Hons), Special Responsibilities: Chair Executive Committee until October 2013


21

Directors' Meetings

Attendances by individual Directors for period

July 2014/ June 2015 are as follows:

Directors’ Meetings Executive Committee Meetings

Eligible to Attend Attended Eligible to Attend Attended

Peter Acheson 4 2 10 7

Andrew Cross 3 2

Richard Fischer 4 4 5 5

Leonie Knight 4 4

Russell Mac Donald 2 2 5 5

Damien Ross 4 3

Nicole Shepherd 4 4

Duncan Thomson 4 4

Jason Trevethick 3 3

Aaron Williams 4 3

Ben Wood 2

2 5 5

Winston Wickman (co-opted

Finance Chair)

N/A N/A 5 5


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Operating Result

The profit of the company for the financial year after providing for income tax amounted to:

Year ended Year ended

30 June 2015 30 June 2014

$ $

28,732 24,201

Review of Operations

The operations of the company during the year have been fully in accordance with its principal

activities as set out below. The results of those operations are as detailed in the accompanying

audited financial statements of the company.

Significant Changes in the State of Affairs

No significant changes in the company's state of affairs occurred during the financial year.

Principal Activities

The principal activity of the company during the course of the year was to provide leadership for

Members, based on knowledge, standards and influence.

Short Term and Long Term Objectives

The company’s short - term objectives during the course of the past financial year were to:

A: Increase Membership by 25% B: Maintain Foundation Membership and achieve 10 Subscribers to iSafe C: Upgrade the SkillsMatch program and promote it as a major reference for the IT Institute D: Increase the profile and advocacy program E: Return a surplus

The company's long - term objectives are to: A: Recognise, support and promote excellence in the ICT contracting and recruitment market. B: Representation to client organisations, candidates and regulators, including Government, as a recognised brand of quality. C: Provide Members with business intelligence, industry positioning and programs to assist in accelerating their business objectives. D: Continue with short-term objectives as part of the five year plan.


23

Strategies

To achieve its stated short and long term objectives the company undertook the following

actions:

Programs

Consolidated OAMPS /AJG’s role in supporting Membership initiatives through OAMPS/AJG Life Solutions

Re- structured iSafe for improved financial and reporting outcomes

Completed the re-vamp of SkillsMatch data collection

Introduced the iPrivacy audit program

Added new modules to the Certification Program

Profile

Maintenance of a strong online presence and an information rich but efficient website and CRM system

Increased media strategy (social, print and public), including CEO’s blog, several LinkedIn platforms as well as CEO presentations to conferences.

Feature articles in leading media

Consistent iNews service that delivers business, function, compliance and research updates as well as Special Members profiling and product announcements.

Advocacy and Research

Convened the CEO’s Circle to meet quarterly to discuss policy and issues impacting the industry

generally.

Regularly surveyed Members for input into topics impacting the industry

Developed Insight papers on key issues on a range of workplace topics, for submission to

Government and for publication

Promoted ITCRA as a knowledge source with access to a broad range of research and statistics

Submitted responses to a number of Government inquiries

Participated in the QGCPO Joint Advisory Group and the Victorian WorkCover Authority Strategy Forum, ACT Payroll Tax lobbying, NZ ICT Qualifications Review, the QASSURE Strategic Committee and the AND Victorian Working Group

Liaised with:

The Commissioner in ACT on the Payroll Tax anomaly Australian Network on Disability Working Group on employment

The PMO’s Office – ICT graduates and skills

Representatives of the Immigration portfolio in both Opposition and Government Various representatives of Federal Government and Opposition with respect to NBN rollout, ICT talent pools and

other ICT employment topics.

The Productivity Commission on ICT employment

The Office of the Australian Information Commissioner on Privacy

The SA WorkCover Authority

Standards Australia

Work Safe Regulators nationally

Licensing Regulators as applicable

Provided insight to the IT Institute for development of programs


24

Key Performance Measures

The company measures performance through qualitative and quantitative benchmarks to assess the financial sustainability of the company and whether the short and long-term objectives are being achieved.

2014/2015

A: SUPPORTED SOLUTIONS Actual Target

ITSuper

Member Companies 23 N/A

Fund Members 2,674 N/A

FUM $88,357,188.17 N/A

iSafe

Foundation Members 10 15

Subscribers 7 10

Clients in system 478 450

Sites in system 557 600

SkillsMatch

Participating Members 14 20

Subscribers 2 5

Proportion of income provided by Supported Solutions 27% 22% Proportion of expenses incurred by Supported Solutions 2% 3% B: MEMBERSHIP Actual Target

General Members: 79 86

Business Members: 30 33

Special Members (Profile/Branding) 46 54

Proportion of income provided by Membership fees 62% 64% Proportion of expenses incurred by Membership fees 8% 10% C: CONNECT – MEMBER ENGAGEMENT Actual Target

Dinner 201 200

Functions, networking 298 150

iNews and its subsets subscribers 1640 1500

Proportion of income provided by Connect 7% 9% Proportion of expenses incurred by Connect 7% 9%

C: STANDARDS

Certified Professionals 34 50

Code of Conduct Sanctions 0 0

Code of Conduct Mediations 3 0

Proportion of income provided by Standards 1% 2% Proportion of expenses incurred by Standards 0% 0% D: INSIGHT

Research Papers 4 4

iPulse Surveys 2 2

Government Submissions 4 N/A

Proportion of income provided by Insight 0% 0% Proportion of expenses incurred by Insight 1% 2%


25

No significant change in the nature of these activities occurred during the year.

E: INTEREST Proportion of Income 2% 2% F: OVERHEADS Proportion of expenses incurred for administration expenses

9% 10%

Proportion of expenses incurred for staff expenses 46% 45% Proportion of depreciation 25% 22%


26

After Balance Date Events

No matters or circumstances have arisen since the end of the financial year which significantly affected or

may significantly affect the operations of the company, the results of those operations, or the state of affairs

of the company in subsequent financial years.

Auditor’s Independence Declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act

2001 has been included.

Signed in accordance with a resolution of the Board of Directors:


27

Auditor's Independence Declaration

UNDER SECTION 307C OF THE CORPORATIONS ACT 2001

To THE DIRECTORS OF: Information Technology Contract & Recruitment Association Ltd

I declare that, to the best of my knowledge and belief, during the year ended 30 June 2015 there have been:

(i) no contraventions of the auditor independence requirements as set out in the Corporations Act

2001 in relation to the Audit; and

(ii) no contraventions of any applicable code of professional conduct in relation to the audit

Christopher Kemp

C/-Lifewealth Partners Pty Ltd

Level 4, 423 Bourke Street

MELBOURNE VIC 3001

Dated: 30 July 2015

Limited Liability by a scheme approved under Professional Standards Legislation


Statement of Comprehensive Income and Expenditure


28

2015

2014

$ $

Revenue

General & Business Members Subscriptions 334,495 296,908

Other Revenue from ordinary activities 745,381 794,245

Total Revenue (Note: 2A) 1,079,876 1,091,153

Expenses

General Membership Profiling (3,795) -

Toolkits & Benchmarking (49,354) (43,933)

Lobbying/Advocacy/Standards/Insight (51,025) (47,155)

Connect and Functions (72,815) (69,567)

Supported Solutions (9,759) (81,603)

iSafe Client Assessment (12,896) (2,061)

Office Expenses (47,136) (58,544)

Audit Fee (7,000) (10,000)

Accounting Fees & Business Advice (5,330) (14,313)

Dues & Subscriptions (397) (932)

Rent on operating lease (42,000) (57,973)

Depreciation & Amortisation (Note:2B) (264,413) (233,429)

Employment Expenses (Note:2C) (484,920) (432,016)

Loss of disposal of fixed assets - (15,426)

Foreign Exchange Loss (304) -

Total Expenses (1,051,144) (1,066,952)

Operating profit 28,732 24,201

Retained profits at the beginning of the financial

year

757,766

733,565

Retained profits at the end of the financial year 786,498 757,766


Statement of Financial Position

As at 30 June 2015

29

2015 2014

$ $

Current Assets

Cash assets- (Note:3) 718,441 642,208

Trade Debtors (Note:4) 232,477 368,542

Other Current Assets -(Note:5) 31,196 31,624

Total Current Assets 982,114 1,042,374

Non-Current Assets Property, plant and equipment-

(Note:6) 5,992 7,499

Intangible Assets- (Note:7) 241,623 291,467

Total Non-Current Assets 247,615 298,966

Total Assets 1,229,729 1,341,340

Current Liabilities Trade creditors and Other

Payables-(Note:8) 108,440 131,853

Provision for Employee

Entitlements 47,158 45,304

Income in Advance 287,633 406,417

Total Current Liabilities 443,231 583,574

Total Liabilities 443,231 583,574

Net Assets 786,498 757,766

Members Funds

Retained profits 786,498 757,766

Members Funds 786,498 757,766


30

Statement of Changes in Equity


Retained Earnings and Total

Balance at 1 July 2013 733,565

Surplus attributable to the entity 24,201

Balance at 30 June 2014 757,766

Balance at 1 July 2014 757,766

Surplus attributable to the entity 28,732

Balance at 30 June 2015 786,498


31



Cash Flow From Operating Activities

2015 $

2014 $

Receipts from Customers 1,224,588 1,181,485

Payments to Suppliers and Employees (935,293) (919,541)

Net cash provided by operating activities

Operating activities 289,295

261,944

(The amounts include GST)

Cash Flow From investing activities

Proceeds from sale of Equipment - 1,497

Payments for Plant & Equipment (940) (4,048)

Payments for Intangible Assets

(212,122)

(169,911)

Net Cash used in investing activities (213,062) (172,462)

Net increase in cash held 76,233

89,482

Cash at the beginning of the year 642,208 552,726

Cash at the end of the year (note 1) 718,441

642,208


32



Reconciliation Of Cash

For the purposes of the statement of cash flows, cash includes cash on hand and in banks and term deposits.

Cash at the end of the year as shown in the statement of cash flows is reconciled to the related items in the

balance sheet as follows:

2015 2014

$ $

Cash and Cash Equivalents 718,441 642,208

718441 642,208

Reconciliation Of Net Cash Provided By Operating Activities To Operating

Profit

Operating Profit 28,732 24,201

Loss on Disposal of Assets - 15,426

Add non-cash items, depreciation and amortisation 264,413 233,429

Changes in assets and liabilities

(Increase) decrease receivables 136,065 (282,301)

(Increase) decrease in prepayments & deposit 428 6,997

Increase (decrease) in trade creditors and other

payable (23,413) (5,966)

Increase (decrease) in employee provisions 1,854 2,095

Increase(decrease) in income in advance (118,784) 268,063

Net cash provided by operating activities 289,295 261,944


33



Note 1: Statement of Significant Accounting Policies

The financial report is a general purpose financial report that has been prepared in accordance with

Australian Accounting Standards and the reduced disclosure requirements of the Australian Accounting

Standards Board and the Corporations Act 2001. The company is a not for profit entity for financial

reporting purposes under Australian Accounting standards.

The financial report covers Information Technology Contract & Recruitment Association Ltd as an

individual entity. Information Technology Contract & Recruitment Association Ltd is a company limited by

guarantee, incorporated and domiciled in Australia.

The financial report has been prepared on an accruals basis and is based on historical costs and does not take

into account changing money values or, except where stated, current valuations of non-current assets. Cost

is based on the fair values of the consideration given in exchange for assets.

The following is a summary of the material accounting policies adopted by the economic entity in the

preparation of the financial report. The accounting policies have been consistently applied, unless otherwise

stated.

Income tax

The company is largely exempt from income tax pursuant to the mutuality principle of Section 50-5 of the

Income Tax Assessment Act 1997.

Property, Plant and Equipment

Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any

accumulated depreciation.

(a) Plant and equipment

The carrying amount of plant and equipment is reviewed annually to ensure it is not in excess of the

recoverable amount from those assets. The recoverable amount is assessed on the basis of the expected net

cash flows that will be received from the assets employment and subsequent disposal. The expected net cash

flows have not been discounted to present values in determining the recoverable amounts.

The cost of fixed assets constructed within Information Technology Contract & Recruitment Association Ltd

includes the cost of materials, direct labour, borrowing costs and an appropriate proportion of fixed and

variable overheads.


34



(b) Depreciation

The depreciable amount of all fixed assets is depreciated on a straight line basis over their useful lives to

Information Technology Contract & Recruitment Association Ltd commencing from the time the asset is

held ready for use.

The depreciation rates used for each class of depreciable asset are:

Class of Asset Depreciation Rate %

Plant and equipment 10%-40%

Intangible Assets

iSafe & iThink are electronic library resources provided to Members of ITCRA.

The useful life of intangible assets are assessed at:

Website Development 5 years straight line

iThink 5 years straight line

iSafe 2 years straight line

These have been valued in the accounts at cost of acquisition and are amortised over the period in which

their benefits are expected to be realised. Intangible Assets are assessed annually for impairment.


35



Foreign Currency Transactions and Balances

Foreign currency transactions during the period are converted to Australian currency at the rates of exchange

applicable at the dates of the transactions. Amounts receivable and payable in foreign currencies at the

balance date are converted to the rates of exchange ruling at that date.

Provision for Employee entitlements

Provision is made for the liability for employee entitlements arising from services rendered by employees to

balance date. Employee entitlements expected to be settled within one year together with entitlements

arising from wages and salaries, annual leave and sick leave which will be settled after one year, have been

measured at their nominal amount. Other employee entitlements payable later than one year have been

measured at the present value of the estimated future cash out flows to be made for those entitlements.

Contributions are made by Information Technology Contract & Recruitment Association Ltd to employee

superannuation funds and are charged as expenses when incurred. Employees with more than 5 years or

more service are provided for long service employee leave.

Cash

For the purpose of the statement of cash flows, cash includes cash on hand and in all call deposits with banks

or financial institutions, investments in money market instruments maturing within less than two months, net

of bank overdrafts.


36



Comparative Figures

Where required by Accounting Standards comparative figures have been adjusted to conform with changes

in presentation for the current financial year.

Revenue

Interest revenue is recognised on a proportional basis taking in to account the interest rates applicable to the

financial assets.

Revenue from the rendering of a service is recognised upon the delivery of the service to the customers.

Where income is received for services, memberships or sponsorships which relate to a future financial year,

it is recorded as Income in advance in the Balance Sheet.

All revenue is stated net of the amount of goods and services tax (GST).

Note 2a: Revenue and Other Income

2015 2014

Operating Activities

Skills Match Revenues 1,500 5,289

General & Business Membership fees 334,495 296,908

Special Member Revenue - Subscriptions, Sponsorship,

Support and Commissions 483,209 428,666

Certification Fees 11,608 15,590

iSafe Program 153,756 137,369

ITCRA functions 36,937 93,969

Insight - 418

Privacy 5,750 23,565

iSafe Subscription 29,000 62,500

Interest Received 20,194 21,854

Sundry Income 3,427 5,025

Total 1,079,876 1,091,153


37



Note 2b: Expenses, Depreciation and Amortisation 2015 2014

Plant, Equipment & Furniture 2,447 5,937

Leasehold Improvements - 1,801

Total Depreciation 2,447 7,738

Website Development & Software 31,006 9,175

iSafe Intangible 224,622 210,125

iThink Intangible 6,338 6,391

Total Amortisation 261,966 225,691

Total Depreciation and Amortisation 264,413 233,429

Note 2c: Employment Expenses 2015 2014

Wage and Salaries 420,363 368,854

Superannuation 61,647 60,822

Training 1,160 640

Workers Compensation Insurance 1,750 1,700

Total Employment Expenses 484,920 432,016

2015 2014

Note 3: Cash assets

Bank Accounts 103,831 83,249

Term Deposit 614,610 558,959

718,441 642,208

Note 4: Receivables

Trade Debtors 232,477 368,542

232,477 368,542

Note 5: Other Assets

Deposit Bond 10,500 10,500

Prepayments 20,696 21,124

31,196 31,624


38



2015 2014

Note 6: Plant and Equipment

Computers & Office Equipment 12,879 11,939

- Less: Accumulated depreciation (6,887) (4,440)

Total 5,992 7,499

Movement in Fixed Assets

Computers

and office

Equipment

Written down value 30/6/2014 7,499

Purchases 940

Depreciation (2,447)

Written down value 30/6/2015 5,992


39



2015 2014

Note 7: Intangible Assets

Website Developments - Upgrade 157,084 153,724

- Less: Accumulated Amortisation (123,461) (92,455)

33,623 61,269

iSafe Library

762,188

553,426


199,637 215,497

iThink Library 31,690 31,690


8,363 14,701

Total 241,623 291,467

Movement in Intangible Assets

Website

iSafe

Library

iThink

Library Total

Developments

Written down value 30/6/2014

61,269

215,497

14,701

291,467

Purchases

3,360

208,762

-

212,122

Amortisation

(31,006)

(224,622)

(6,338)

(261,966)

Written down value 30/6/2015 33,623 199,637 8,363 241,623


40



2015 2014

Note 8: Trade Creditors and Other Payable

- Trade creditors 63,562 75,768

- Credit Cards - 2,085

- Superannuation and PAYG Tax

Payable 13,751

11,706

- Goods & Services tax Payable 31,126

42,294

Total Trade Creditors and Other Payable 108,439 131,853

Note 9: Capital and Leasing Commitments

Operating Lease commitments

Operating leases contracted for but not capitalised in the financial statements:

Payable: 2015 2014

Not longer than 1 year 36,750 42,000

Longer than 1 year but not longer than 5 years - 36,750

Note 10: Members’ Guarantee

The Information Technology Contract & Recruitment Association Ltd is a company limited in liability by a

guarantee from each member. In the event that the company is wound up, the Constitution of the Association

requires that each Member contributes a maximum of $100.00 each towards meeting any outstanding

obligations of the company. At 30 June 2015 the number of Members was 155.

Note 11: Key Management Personnel

The name and position of those having authority for planning, directing and controlling the companies’

activities directly or indirectly (other than directors) is Julie Mills, Chief Executive Officer.

Note 12: Contingent Liability

There are no contingent liabilities.


41



Note 13: Company Details:

The Association is a company limited by guarantee and incorporated in Australia. Its registered office and

place of business is:

Information Technology Contact & Recruitment Association Ltd.

Suite 1022

Tower 4

World Trade Centre

611 Flinders Street

MELBOURNE VIC 3005

Note 14: Operational Dependency

ITCRA largely derives its operation revenue from 2 group of companies –

General and Business Members of ITCRA who are recruitment and contracting companies in the

Information Technology Industry; and

Special Members who provide services and support to IT recruitment companies and their clients in the IT

industry. 39% of ITCRA’s total revenue is derived from 2 special members.

Note 15: Segment Reporting - Geographical

ITCRA’s office is based in Melbourne and its members are located throughout Australia and New Zealand.


42

Directors’ Declaration

In accordance with a resolution of the directors of Information Technology Contract & Recruitment

Association Ltd, pursuant to S 295 (5) of the Corporations Act 2001 the directors declare that:

1. the financial statements and notes are in accordance with the Corporations Act 2001 and the Corporations

Regulations 2001

(a) comply with the reduced disclosure Australian Accounting Standards as outlined in Note 1 to the

accounts.

(b) give a true and fair view of the company’s financial position as at 30 June 2015 and of its

performance for the year ended on that date of ITCRA ltd.

2. in the directors' opinion, there are reasonable grounds to believe that the company will be able to pay its

debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors.




43

Independent Auditor’s Report

Christopher Kemp Chartered Accountant C/- Lifewealth Partners Pty Ltd ABN 38 427 940 567

Level 4, 423 Bourke Street Melbourne Vic 3000

Telephone: 9670 3434

Facsimile: 9670 2828

Report on the Financial Report

I have audited the accompanying financial report of Information Technology Contract & Recruitment

Association Ltd (the company), which comprises the Directors' Declaration, the Statement of

Comprehensive Income and Expenditure, the Statement of Financial Position, Statement of Cash Flows,

Statement of Changes In Equity, a summary of significant accounting policies and other explanatory

notes for the financial year ended 30 June 2015.

The Directors' Responsibility for the Financial Report

The directors of the company are responsible for the preparation and fair presentation of the financial

report that gives a true and fair view in accordance with Australian Accounting Standards (including

Australian Accounting Interpretations) and the Corporations Act 2001 and for such internal control as

the directors determine is necessary to enable the preparation of the financial report that is free from

material misstatement, whether due to fraud or error. In note 1, the directors also state the accounts have

been prepared in accordance with the reduced disclosure requirements of the Australian Accounting

Standards Board.

Auditor's Responsibility

My responsibility is to express an opinion on the financial report based on my audit. I conducted my

audit in accordance with Australian Auditing Standards. Those Standards require that I comply with

relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain

reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in

the financial report. The procedures selected depend on the auditor’s judgement, including the

assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In

making those risk assessments, the auditor considers internal control relevant to the entity’s preparation

and fair presentation of the financial report in order to design audit procedures that are appropriate in

the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s

internal control. An audit also includes evaluating the appropriateness of accounting policies used and


ACN 143 665 025


44

the reasonableness of accounting estimates made by the directors, as well as evaluating the overall

presentation of the financial report.

I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my

audit opinion.

Independence

In conducting my audit, I have complied with the independence requirements of the Corporations Act

2001. I confirm that the independence declaration required by the Corporations Act 2001, provided to

the directors of Information Technology Contract & Recruitment Association Ltd on 30 July 2015

would be in the same terms if provided to the directors as at the date of this auditor’s report.

Auditor's Opinion

In my opinion:

a. the financial report of Information Technology Contract & Recruitment Association Ltd is in

accordance with the Corporations Act 2001, including:

(i) giving a true and fair view of the company's financial position as at 30 June 2015 and of its

performance for the year ended on that date; and

(ii) complying with Australian Accounting Standards (including Australian Accounting Interpretations)

and the Corporations Regulations 2001;

b. The financial report also complies with Reporting Standards as disclosed in Note 1.

Signed on 19th October 2015:

Christopher Kemp Registered Company Auditor

Limited Liability by a scheme approved under Professional Standards Legislation

ITCRA Annual Report 2014/2015 · 665 025 will be held at: Experis, Level 22, Darling Park Tower 2, 201 Sussex Street Sydney on Thursday 26th November 2015 at 11.00am. ITCRA Contact

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