The organisation transitioned from an incorporated association to a company limited by guarantee (CLG) on 31/03/2020, registered with the Australian Securities & Investments Commission (ASIC) under the Corporation Act 2001 (cth), with the company name - Accessible Diversity Services Initiative Limited (ADSI or the Company). This change is in line with ADSI’s strategy to switch to a skill-based organisation, following a top-down approach. The Board and CEO fully understand that a successful service organisation requires capable workforce in conjunction with efficient systems, and any transition process would be difficult and painful, as it involves cultural changes, operational overhaul, staff turnover, stakeholder relationship, and significant investments of time and money. However, it is critical for ADSI to maintain competitive for the future of the organisation and majority of its employees.
Everything was managed and progressed well until the COVID-19 outbreak which changed not only the world, but inevitably the way we work, in a very short time. The Company still needs to maintain its contractual obligations during such a difficult time, i.e. service delivery. Our core business in the last 20+ years, i.e. settlement services were hit hard following the government border closure decision in March 2020. This means less and less eligible clients and workers had to work harder to provide services in a completely different way. Other block funded programs were also negatively affected to different levels. Fee for services once again indicated its importance in terms of revenue, employee headcount, growth and ultimately financial sustainability for the whole organisation.
 ADSI Annual Report 2019-2020 | [ADSI Annual Report 2019-2020] | 7467 kB |