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Reconciliation Action Plan

SMB is developing a RAP, as the firm’s leaders have agreed that reconciliation is an important issue and one that, as a firm, we should be addressing as best we can.

Ceo Statement

Karen Mundine - Reconcilation Australia

Reconciliation Australia welcomes SMB Advisory to the Reconciliation Action Plan (RAP) program with the formal endorsement of its inaugural Reflect RAP.

​SMB Advisory joins a network of more than 1, 100 corporate, government, and not-for-profit organisations that have made a formal commitment to reconciliation through the RAP program.

​Since 2006, RAPs have provided a framework for organisations to leverage their structures and diverse spheres of influence to support the national reconciliation movement. The program's potential for impact is greater than ever, with over 2.3 million people now working or studying in an organisation with a RAP.

The four RAP types - Reflect, Innovate, Stretch, and Elevate - allow RAP partners to continuously develop and strengthen reconciliation commitments in new ways. This Reflect RAP will lay the foundations, priming the workplace for future RAPs and reconciliation initiatives.

​The RAP program's strength is its framework of relationships, respect, and opportunities, allowing an organisation to strategically set its reconciliation commitments in line with its own business objectives, for the most effective outcomes.

These outcomes contribute towards the five dimensions of reconciliation: race relations: equality and equity: institutional integrity; unity; and historical acceptance.

​It is critical to not only uphold all five dimensions of reconciliation, but also increase awareness of Aboriginal and Torres Strait Islander cultures, histories, knowledge, and leadership across all sectors of Australian society.

This Reflect RAP enables SMB Advisory to deepen its understanding of its sphere of influence and the unique contribution it can make to lead progress across the five dimensions. Getting these first steps right will ensure the sustainability of future RAPs and reconciliation initiatives, and provide meaningful impact toward Australia's reconciliation journey.

Congratulations SMB Advisory, welcome to the RAP program, and I look forward to following your reconciliation journey in the years to come.

SMB is developing a RAP, as the firm’s leaders have agreed that reconciliation is an important issue and one that, as a firm, we should be addressing as best we can. As an organisation that is regularly interfacing with both other businesses and private individuals, we believe that we are in a position to convey our position on reconciliation on a number of different levels and we consider that it is our duty to do that. At SMB we believe that “the standard you walk past is the standard that you accept”. As we do not consider that the current situation faced by Australia’s First Nations Peoples is acceptable, developing a RAP is our way of displaying our support for Aboriginal and Torres Strait Islander People.

​SMB’s RAP will be implemented by assigning responsibility for relevant measures throughout the firm and ensuring accountability in relation to each of those measures. There is an item on the Partnership Meeting Agenda devoted to addressing the progress of the firm's RAP and enforcing accountability accordingly. We will also introduce this agenda item onto the Firm’s Management Meeting and Staff Meeting agendas to instill in the organisation’s team as a whole the importance of the implementation of the firm’s RAP. Given the size of SMB, we do not consider it necessary at this stage to have a RAP Taskforce, we instead at this early stage want to encourage participation and contribution from the firm as a whole. SMB Advisory will establish a RAP Taskforce, during the term of this RAP. The Firm will appoint SMB Advisory Partner, Alice Ruhe as a RAP Facilitator to allocate goals and tasks, and to monitor them.

As a whole, SMB hasn’t really had a “reconciliation journey”, to date. There have been individual initiatives taken by members of the firm, but nothing by the firm as a whole. At the firm’s planning meeting in mid-2019, it was resolved that the firm undertake a RAP, and we are now working through the process of developing it.

Our RAP

SMB Advisory is a specialist Chartered Accounting firm dedicated to providing Distressed Business Advisory services to Financiers, Advisors, Directors, and Individuals.

Adopting an approach of always looking for the most effective commercial outcome, whilst recognizing the competing needs of all stakeholders, we have a proven track record in delivering innovative and effective results.

In what can be stressful and trying circumstances for all stakeholders, we work in conjunction with lenders, business owners, and their advisors to create the most empathetic and beneficial outcomes for all stakeholders.

In circumstances where informal turnaround is not a visible option, we are qualified to act as Voluntary Administrators, Liquidators, Receivers, and Trustees in Bankruptcy.

With a dedicated and experienced team, we offer a full spectrum of services, including:

• Business Reconstruction and Turnaround

• Business Operational Reviews

• Business Valuations

• Viability Assessments

• Forensic Accounting

• Corporate Insolvency

• Personal Insolvency

SMB has offices in Melbourne and Geelong, Victoria, Brisbane, and the Gold Coast, Queensland, Sydney, NSW, and Hobart, Tasmania. SMB has four partners and a team of 20, however at this stage no Aboriginal and/or Torres Strait Islander team members.

Business Reconstruction & Insolvency Specialists

Relationships

Respect

Opportunities

Governance

Relationships

Reconciliation Action Plan

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