Records Management which meets Australian standards
Just as the title says. SharePoint is appalling bad at Records Management. Compare the product to Trim or others and it simply does not meet mandatory requirements.
Perhaps Microsoft could simply buy RecordPoint as a start in the right direction.
When SharePoint was assessed against records management requirements back in 2010 it was found to fall just short. With a bit of customisation and the purchase of 3rd party add-ons for email it comes pretty close. The other point to remember is that compliance is moving target and is not fixed. We're already seeing evidence of this. For example the NAA relaxing and simplifying its minimum metadata requirements and the business requirements framework. Ultimately I see this trend continuing. Compliance will continue to be shaped by technology changes.