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How Public Policy influences AussieTech Solutions Ltd policies and practices

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How Public Policy influences AussieTech Solutions Ltd policies and practices

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AussieTech Solutions Ltd, as an Australian technology company, is impacted by government policies in areas such as environmental sustainability, economic development, and corporate governance. The company needs to align its policies with public policy objectives to ensure legal compliance, improve stakeholder confidence, and enhance its long-term financial sustainability.

I have outlined the following three main policy areas which I believe impact on AussieTech Solutions Ltd.

1. Environmental Policies

Commonwealth and State sustainability initiatives encourage organisations to reduce energy consumption and electronic waste. As a technology company, AussieTech Solutions Ltd generates a considerable amount of electronic equipment waste through hardware upgrades and IT infrastructure replacement. By adopting sustainability-focused policies, AussieTech Solutions Ltd not only meets regulatory expectations but also strengthens its reputation among environmentally conscious customers, investors, and employees.

Relevant Legislation

Environment Protection and Biodiversity Conservation Act 1999 (Cth)

This is Australia's primary Federal environmental legislation. It is most relevant if a technology company:

Builds or expands data centres.

Develops telecommunications infrastructure.

State Environmental Protection Legislation

For most technology businesses, State legislation is more likely to apply, particularly regarding:

Waste management and e-waste disposal.

Battery disposal and hazardous materials.

Energy use and emissions.

Noise, pollution, and environmental approvals for facilities such as data centres.

Impact on AussieTech Solutions Ltd

Influences management of electronic waste (e-waste).

Encourages energy-efficient operations and sustainable procurement.

Supports reduction of carbon emissions and environmental impact.

Related Company Policies

Environmental Sustainability Policy

E-Waste Disposal Policy

Sustainable Procurement Policy

2. Economic Incentives and Innovation Policies

The Australian Government supports innovation and economic growth through programs such as research and development (R&D) incentives, digital transformation initiatives, and workforce development funding. These policies can significantly influence investment decision for companies such as AussieTech.

Relevant Legislation

Income Tax Assessment Act 1997 (Cth)

Division 355 contains the core tax rules for the R&D Tax Incentive, including:

Eligibility of R&D entities

Definitions of eligible R&D activities

Calculation of R&D tax offsets

Notional deductions and expenditure rules

Oversees R&D activity provisions.

Industry Research and Development Act 1986 (Cth)

Establishes the legislative framework for registering R&D activities.

Provides the authority for Industry Innovation and Science Australia and the Department of Industry, Science and Resources to assess and administer R&D activity eligibility

Impact on AussieTech Solutions Ltd

Encourages investment in software development, artificial intelligence, cybersecurity, and new technologies.

Provides financial incentives for eligible R&D activities.

Related Company Policies

Research and Development Policy

Innovation Framework

Learning and Development Policy

3. Corporate Governance Policies

Corporate governance policies established through Australian laws and regulatory bodies influence how companies are managed and held accountable. This relates to maintaining accurate financial records, protecting stakeholder interests, managing risks effectively, and operating ethically. Technology companies such as AussieTech also face increasing expectations regarding privacy, cybersecurity, and responsible data management.

Relevant Legislation

Privacy Act 1988 (Cth)

This is one of the most important laws for any technology company that collects, stores, or processes personal information.

Impact on AussieTech Solutions Ltd

Requires protection of customer, employee, and business data.

Establishes obligations under the Australian Privacy Principles (APPs).

Requires reporting of eligible data breaches under the Notifiable Data Breaches scheme.

Related Company Policies

Information Security Policy

Privacy Policy

Data Breach Response Policy

Records Management Policy

Corporations Act 2001 (Cth)

The Corporations Act governs how Australian companies are managed and establishes directors' duties, financial reporting requirements, and corporate governance obligations.

Impact on AussieTech Solutions Ltd

Directors must act with care, diligence, and in the best interests of the company.

Requires accurate financial reporting and accountability.

Increasingly requires boards to oversee cyber-security and risk management.

Related Company Policies

Corporate Governance Policy

Board Charter

Risk Management Policy

Code of Conduct and Ethics Policy

Fair Work Act 2009 (Cth)

This legislation regulates employment relationships, workplace rights, and employee protections.

Impact on AussieTech Solutions Ltd

Establishes minimum employment standards.

Regulates leave entitlements, workplace flexibility, and termination procedures.

Protects employees from discrimination and unfair dismissal.

Related Company Policies

Human Resources Policy

Leave Policy

Flexible Work Policy

Equal Employment Opportunity Policy

Workplace Behaviour and Anti-Bullying Policy

Work Health and Safety (WHS) Legislation (State)

Businesses must provide a safe working environment for employees, including office and remote working arrangements.

Impact on AussieTech Solutions Ltd

Requires identification and management of workplace hazards.

Applies to physical offices and home-based work environments.

Supports employee wellbeing and mental health initiatives.

Related Company Policies

Workplace Health and Safety Policy

Remote Work Policy

Incident Reporting Procedures

Competition and Consumer Act 2010 (Cth)

This law protects consumers and promotes fair competition.

Impact on AussieTech Solutions Ltd

Prevents misleading or deceptive conduct.

Requires products and services to be marketed honestly.

Protects customers through consumer guarantees.

Related Company Policies

Customer Service Policy

Marketing and Communications Policy

Conclusion

By implementing internal policies such as an Environmental Sustainability Policy, R&D Policy, Corporate Governance Policy, Code of Conduct, and Information Security Policy, AussieTech Solutions Ltd can align its operations with public policy objectives while improving organisational performance and maintaining compliance with regulatory requirements.

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Public policy has a significant influence on the internal policies of AussieTech Solutions Ltd. As a technology company working with finance, healthcare and government clients, it must continually adapt its corporate policies to align with changing government priorities and regulation. The policy areas of most impact will be:

Corporate governance: Legislation such as the Corporations Act influence internal governance policies, including the Code of Conduct, Board Charter, risk management framework, whistleblower policy and conflicts of interest policy. These promote accountability, ethical decision-making and transparency. It also instructs AussieTech Solutions as to their financial reporting and how the company can be legally set up and operate.

Economic incentives: Government policies that encourage innovation, such as the Research and Development (R&D) Tax Incentive and digital transformation initiatives, may influence the company’s investment strategy and internal innovation policies. These incentives encourage greater investment in software development, AI and emerging technologies.

Technology and privacy: Because AussieTech manages sensitive information, public policy relating to privacy, cybersecurity and the responsible use of artificial intelligence influences internal policies on data governance, cybersecurity, AI ethics, acceptable use of technology and employee training.

Environmental policy: Depending on the nature of their IT work AussieTech could also be influenced by the national Greenhouse and Energy Reporting Act.  An increasing government focus on sustainability and climate reporting encourages companies to develop environmental policies, such as reducing energy consumption in data centres, sustainable procurement practices and carbon reduction targets.

Employment: Both the Fair Work Act 2009 and the Workplace Gender Equality Action 2012 would also influence the Company. Fair Work influences internal human resources and ensures employees receive minimum entitlements and protections. Because AussieTech has over 5000 employees it would be required to report to the WGEA thus influencing internal polices around diversity and inclusion, equal pay and leadership pathways for women.

Overall, public policy shapes not only the legal compliance of AussieTech but also its strategic priorities and organisational culture by influencing the internal policies that guide employee behaviour, innovation and risk management.

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Public policy influence on AussieTech Solutions Ltd.

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Public policy influence on AussieTech Solutions Ltd.

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Public policy influences AussieTech Solutions Ltd operational and strategic policies. To remain compliant to legislation they must develop internal policies and ensure all staff are aware of them and are trained accordingly.

The legislation that impacts AussieTech Solutions Ltd and the corresponding internal policies may include:

·      Fair Work Act 2009 and National Employment Standards (NES)-internal policies may include Leave, Right to Disconnect, Performance Management, and Workplace Bullying and Harassment.

·      Work Health and Safety Act 2011-emeregency management, risk and incident management and psychosocial hazards in the workplace.

·      Cybersecurity Act 2024-data breach policy, information storage.

·      Privacy Act 1988-collection, use and disclosure of information, notifiable data beaches.

·      Corporations Act 2001-constitition and corporate governance framework.

·      R&D Tax Incentives-record keeping policy, innovation/ continuous improvement policy.

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Influence on public policy for Aussie Tech

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Influence on public policy for Aussie Tech

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Public policy would intertwine its self into thoroughly in how Aussie tech conducts its self as a company servicing a variety of key stakeholder industries in Australia. They would be governed by the Corporations Act which would shape their internal governance policies and how decisions and risks are made. With the Fair work Act looking at how they best service and support their large staff; surrounding employee rights and responsibilities including how they are remunerated. This would be further influenced in the tech world across dynamic departments that operate around the clock with their IT needs surrounding the "right to disconnect laws introduced through the fair work Act in August 2024. This would guide development of policies internally surrounding remote work, reasonable working hours and how this is respectfully adhered to.

In the space of Tech they would also be influenced by the Research and design Tax incentives which would drive continuous development and improvement initiatives in the rapidly evolving world of tech and how to adhere to the ethical use of new technologies as they constantly adapt change and expand in their use and parameters whilst adhering to privacy and confidentiality stipulations guided by the Privacy Act.

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Public Policy and its Influence on AussieTech

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Public Policy and its Influence on AussieTech

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Public policy has a big influence on how AussieTech Solutions Ltd runs its business. Because the company works in areas like software, data analytics, and government projects, it has to follow a range of rules set by federal and state governments. Environmental policies are a good example. Australia’s regulations on emissions, energy use, and e-waste mean the company needs internal practices such as using energy-efficient data centres, recycling old devices properly, and choosing more sustainable suppliers. These policies also guide things like remote-work options and reducing the company’s overall carbon footprint.

Economic and innovation policies also shape what the company does. Government incentives, like the R&D Tax Incentive, encourage AussieTech to put more resources into research, AI development, and cybersecurity. National digital-skills programs influence the company’s training requirements, such as regular cybersecurity training for staff. And because AussieTech often works with government clients, it has to meet strict standards for data protection and cybersecurity, which affects internal policies around information security, data governance, and risk controls.

Corporate governance rules also play a major role. Laws like the Corporations Act and the Privacy Act influence how the company makes decisions, manages risks, and handles sensitive information. These policies lead to internal rules on things like conflicts of interest, transparency, and appropriate use of personal data. Australia’s growing interest in responsible and ethical AI also pushes the company to develop guidelines around fairness, accountability, and the safe use of algorithms.

In the end, public policy shapes many of AussieTech’s internal policies, including its Sustainability Policy, Data Privacy Policy, Work Health and Safety Policy, and Corporate Governance Policy. By staying aligned with these public policy expectations, the company remains compliant, protects its reputation, and continues providing reliable services to clients across Australia.

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Influence of Public Policy on Aussie Tech Solutions

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Influence of Public Policy on Aussie Tech Solutions

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Legislation: Copyright Act allows for the ability for the authors of that work to be protected and avoid tech companies mining their original work to develop stronger tech systems.

This has led to a lot of Policy Formulation by meeting with stakeholders and key groups that can potentially be affected by any new policy accepted by the government. Understanding the impact it will have to smaller groups outside the tech companies helps give the government a greater understanding of the significant impact it will have on certain groups where there work is not correctly licensed/compensated for stealing.

Legislation: Fair Work Act - with such a large workforce, having the understanding to practice the correct workplace for employees is imperative.

Research and Development (R&D) Tax Incentive would encourage Aussie Tech Solutions to invest a team to devleop their tech to allow for economic incentives with the government.

Workplace Gender Equality would encourage Aussie Tech Solutions to analyse their workforce and understnadn their employeees and where they can encourage more employment in a under recognised group.

Work Health and Safety would encourage the company to review their workplace to allow for a safe and growth place of work. Having a legal framework of minimum standards would keep the company aware of anything that needs repairing etc.