# 2026-02-24 — Harper Daily Log

## Radar Intel: Fair Work Closing Loopholes Review

Received HIGH priority intel from Radar re regulatory changes.

### 1. Closing Loopholes Review (Draft May 15, Final June 15 2026)
- Former FWC member Susan Booth reviewing Closing Loopholes Acts (2023/2024)
- Covers: same job/same pay for labour-hire, gig economy rights, casual protections
- **RateRight impact assessment: LOW**
  - RateRight is NOT a labour-hire company — it's a marketplace connecting builders with tradies
  - RateRight doesn't employ workers, doesn't pay workers, doesn't set rates
  - Workers are independent contractors engaged directly by builders
  - No same-job/same-pay exposure (that applies to labour-hire firms paying below host rates)
  - Sham contracting risk already assessed as LOW (construction tradies excluded per existing analysis)
- **Action:** Monitor draft report when published May 15. No immediate action needed.
- **Calendar:** Added May 15 to watch list for draft report review.

### 2. Payday Superannuation — July 2026
- Super must be paid same day as wages starting July 2026
- **RateRight impact: NONE** — RateRight has no employees and doesn't pay workers. Builders who hire through RateRight are responsible for their own super obligations.
- Worth noting in any compliance guidance we provide to builders on the platform.

### 3. NES Review Submissions — Close 27 Feb 2026
- National Employment Standards review submissions close in 3 days
- **RateRight impact: NONE** — NES applies to employer-employee relationships. RateRight facilitates contractor engagements. No submission warranted.

### Summary
All three items assessed as low/no direct impact on RateRight's current business model. The key protection is that RateRight is a marketplace, not a labour-hire firm or employer. Logged for ongoing monitoring.

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## MVP Ventures Grant Prep — Day 3 Work

**13 days to opening (March 9). 39 days to close (April 5).**

### Completed Today
1. **Accountant Declaration draft** → `grant-prep/accountant-declaration-draft.md`
   - Director self-declaration format
   - Covers financial standing, co-contribution capacity, solvency
   - ⚠️ Need to check if registered accountant signature required when SmartyGrants form opens
   
2. **TRL Assessment** → `grant-prep/trl-assessment.md`
   - Current: TRL 7 (system prototype in operational environment)
   - Target: TRL 9 (proven in operations)
   - Mapped RateRight capabilities to each TRL level with evidence
   - Documented innovation claims for assessment

### Still Outstanding (Action Plan)
| Item | Target Date | Status |
|------|------------|--------|
| Project plan with milestones | Feb 25-27 | ⏳ Next |
| Co-contribution budget detail | Feb 27-Mar 1 | ⏳ |
| Pitch deck / business plan | Mar 1-5 | ⏳ |
| Final document review | Mar 5-8 | ⏳ |
| **Michael: Letters of Intent** | Feb 25-27 | 🔴 CRITICAL — not started |
| **Michael: AirWallex ADI check / bank account** | Feb 25-27 | 🔴 CRITICAL — not started |

### ⚠️ Risks
- **Co-contribution concern:** If founder time doesn't count as cash co-contribution, documented cash spend is ~$21K/year. May need to request $40K grant instead of $50K, or increase documented spend categories.
- **AirWallex ADI:** Still unresolved. AirWallex is NOT an ADI. Michael likely needs a traditional bank account (CBA/Westpac) to receive grant funds. This takes time to set up.
- **Letters of Intent:** Michael hasn't actioned yet. These need to come from his construction network — can't be generated by the fleet.

---

## MVP Ventures Grant Prep — Day 3 Continued (23:10 AEDT)

### Completed This Cycle
3. **Full Project Plan** → `grant-prep/project-plan.md`
   - 3-phase, 12-month plan with milestones and success metrics
   - Phase 1 (M1-3): Launch & validation → 50 hires, $2.5K revenue
   - Phase 2 (M4-6): Growth & expansion → 200 hires, $10K revenue
   - Phase 3 (M7-12): Scale & sustainability → 500 hires, $25K revenue, break-even
   - Detailed budget: 54% marketing, 21% infrastructure, 16% AI/ML, 9% professional services
   - Risk management matrix, team capability, NSW policy alignment, KPIs

4. **Co-Contribution Budget** → `grant-prep/co-contribution-budget.md`
   - Scenario A (founder time accepted): $50K achievable with margin
   - Scenario B (cash only): $23.9K — shortfall of $26K
   - Recommended fallback: Request $40K grant if cash-only rules apply
   - Evidence documentation plan for audit compliance

### Grant Prep Status Summary (All Files)
| Document | File | Status |
|----------|------|--------|
| Research & criteria responses | `memory/grant-applications-nsw-2026.md` | ✅ Done |
| Accountant declaration | `grant-prep/accountant-declaration-draft.md` | ✅ Draft |
| TRL assessment | `grant-prep/trl-assessment.md` | ✅ Done |
| Project plan | `grant-prep/project-plan.md` | ✅ Done |
| Co-contribution budget | `grant-prep/co-contribution-budget.md` | ✅ Done |
| Business plan summary | `grant-prep/business-plan-summary.md` | ✅ Done |
| Final review & polish | — | ⏳ Mar 5-8 |
| **Michael: Letters of Intent** | — | 🔴 Needs Michael |
| **Michael: Bank account (ADI)** | — | 🔴 Needs Michael |

---

## MVP Ventures Grant Prep — Day 3, Cycle 3 (23:40 AEDT)

### Completed This Cycle
5. **Business Plan Summary** → `grant-prep/business-plan-summary.md`
   - Full business plan formatted for grant application
   - Problem/solution with market data (116,700 workers needed, 67K homes behind)
   - Competitive landscape (5 competitors mapped, moat = flat-fee pricing)
   - Business model & unit economics ($48.85 net/hire, 97.7% margin)
   - Financial overview (current state, 12-month targets)
   - Team capability, technology readiness, market timing argument

### 🎯 ALL 6 HARPER-OWNED DOCUMENTS NOW COMPLETE

| # | Document | File |
|---|----------|------|
| 1 | Research & criteria responses | `memory/grant-applications-nsw-2026.md` |
| 2 | Accountant declaration (draft) | `grant-prep/accountant-declaration-draft.md` |
| 3 | TRL assessment | `grant-prep/trl-assessment.md` |
| 4 | Project plan with milestones & budget | `grant-prep/project-plan.md` |
| 5 | Co-contribution budget (two scenarios) | `grant-prep/co-contribution-budget.md` |
| 6 | Business plan summary | `grant-prep/business-plan-summary.md` |

### Remaining (Not Harper-Dependent)
- **Final review & polish:** Mar 5-8 (after SmartyGrants form opens, can tailor to actual questions)
- 🔴 **Michael: Letters of Intent** — CRITICAL, only he can source these
- 🔴 **Michael: ADI bank account** — AirWallex won't qualify, needs CBA/Westpac