The document discusses the role of government agencies in influencing corporate social responsibility through the operation of the Personal Property Securities Register (PPSR) in Australia. It notes that government can play a role by being clear about its outcomes and role, engaging stakeholders, encouraging competition and innovation among private sector providers, and monitoring compliance while supporting efforts to comply. The PPSR was created through significant microeconomic reform to streamline business registration and reduce costs, and is now a model where the government agency acts as a facilitator and enabler by working with other organizations and the private sector.

1. Gavin McCosker
Chief Operating Officer
Australian Financial Security Authority
Corporate Social Responsibility – the
interaction with registry operations

2. • A holistic approach
• Public good
• Equity of access
• Ethical supply chains
• Transparent environmental standards
Corporate social responsibility

3. • Familiar with values of corporate social
responsibility
• Influence behaviour of
corporations
• Work in partnership
What role can government play?

4. • Significant micro-economic reform
• Replaced:
- around 70 pieces of federal, state and
territory legislation
- and about 30-40 national, state and
territory registers.
Personal Property Securities reform

5. • Support economic growth
• Reduce cost of doing business
- one national register
- single low fee
• Reduce complexity
• Increase consistency
Intention of PPSR

6. Different channels – same functionality
-Credit Bureau
-Banks
-Non-bank finance companies
-Information brokers
-Small/medium business
-Non-bank finance companies
-Individuals
-Small/medium business
-Individuals
Consistentfunctionality

7. • Online register - available 24 / 7
• Supported by national service centre
• Direct registrations and searches by
anyone – individuals or corporations
• Private companies can use register to
offer value-added services
• Significant reform – supports private sector risk
management and access to capital
Personal Property Securities Register

8. • Current - authentication of users via email
• Future
• Standard Business Reporting (xBRL)
• Proof of identity for individuals
(secure online automated system)
• Proof of identity for business through
AUSkey (business to government
online system)
• Consistent with online insolvency system
Data integrity is critical – start from
the front door

9. •Secure interaction with other registers
• Validation at the point of entry (registration and
search)
• Companies register (ASIC)
• Australian Business Register (Tax office)
• Vehicle information (VIN, stolen, written off –
amalgamation of state based databases)
• Proof of identity
– Individuals – Attorney-General’s Department
– Business (AUSKey) – Tax office
Data integrity is critical…continued

10. •PPSR a different model
- as facilitator - maintain register in
accordance with legislation
- as enabler - work with others to add
value and deliver
Australian Financial Security Authority

11. • Majority of transactions made by business
to government (B2G) providers – growing
and competitive market
• Sustained growth in use of PPSR
• Stability of the PPSR
Achieving the right balance

12. • We’re clear about our role
• We have a close working relationship with
a range of stakeholders
• We focus on maintaining a competitive
environment
• We encourage innovation
• We effectively manage compliance
Achieving our outcomes

13. Effective stakeholder engagement
• Essential to success of the PPSR
• Regular, meaningful engagement > identifies
service gaps > co-design solutions
• Regular dialogue with cross-section of
stakeholders > builds understanding of competing
demands > builds commitment to longer-term
benefits
Influencing corporate
social responsibility

14. Encourage competition
• Builds capacity of private sector
• Value-add products genuinely competitive with
direct access
• Builds market – including harder to reach sectors
• Technical information freely provided > helps
potential clients to cost and assess risks
• Limit administrative burden > ease of start up &
investment
Influencing corporate
social responsibility

15. Drive innovation
• Competitive environment drives innovation
• Co-design technical enhancements > delivers tangible
functional improvements and removes technical barriers
> creates an environment conducive to innovation
• Investment by AFSA > improved register stability
• Co-design > allows AFSA to keep pace with market
expectations and ensures innovation that helps build
equity of access
Influencing corporate
social responsibility

16. Monitor compliance
• Our terms and conditions ensure register operates well
• Private sector providers have a vested interest in the
register operating well
• Private sector providers therefore have vested interest
in complying with terms and conditions
• Support self-reporting of non-compliance and assist
efforts to comply
Influencing corporate
social responsibility

17. Government agencies can
influence corporate social responsibility
• Be clear about the outcomes you need
• Be clear about the role of government
• Commit to genuine engagement with stakeholders
• Encourage competition and innovation
• Build confidence in your providers to self report non-
compliance – and support their efforts to comply
Conclusion

18. Questions / Comments