SMSF Compliance, Structures and Investments: 2 Part Series
In this 2 part series, get all your SMSF technical updates. Session One focuses on SMSF compliance, with the latest information on SMSF audits, the most effective pension strategies and the Sole Purpose Test. Session Two examines SMSF structures and investments, including considerations around companies, trusts and super, and the latest investment rules for SMSFs. Attend online from any location, on any device, and hear from the superannuation gurus working at the coalface.
Description
Attend the full day and earn 6 CPD/ CPE hours
FASEA CPD Allocation: Estimated 6 CPD hours in Technical Competence
If you register for the full series as a live online product after the date of an individual session, you will be sent the recording for the sessions that have passed. Alternatively, you can register for individual sessions by following the links below.
Session 1
SMSF Structures and Investments
Friday, 11 September 2020
Ensure that your clients’ SMSF is structured effectively, and that the structure stays effective no matter the circumstances. Examine the considerations around companies, trusts and super, understand the investment rules for SMSFs and confirm that it meets all compliance obligations. Get the latest advice directly from the experts on SMSF structures and investments to meet your client’s expectations.
Chair: Louise Sarracini, Manager, Private Advisory, Grant Thornton
9.00am to 10.00am: Using Structures Effectively: A Different Look into the use of Companies, Trusts and Super
- Examine the question “Which is the right structure for my client?”
- Each entity has its own strengths and weaknesses, yet we default to one over the other, often to the detriment of our clients goals and objectives
- Using real life case studies, we will challenge your view on using companies, trusts and super, and ask you to pay more tax (and fees) to get bigger, long term benefits for your client
Presented by Chris Craggs, Director, Argurion Finance Group
10.00am to 11.00am: SMSF Investment Rules: Where can we Invest?
- ATO restrictions on investments
- Diversification and liquidity rules
- Limited Recourse Borrowing Arrangements
- Collectibles and the Sole Purpose Test
Presented by Mark Wilkinson, Partner, Superannuation, BDO
11.00am to 11.15am: Break
11.15am to 12.15pm: SMSFs Bracing for Unexpected Circumstances
The last six months have shown that we always need to prepare for the unexpected. Business failures, family or relationship breakdowns or other surprises can have serious implications for SMSFs. Understand the obligations, tax and duty issues and strategies that the fund trustee and advisors should consider in order to brace themselves for the unexpected.
- Potential SMSF compliance issues
- Trustees obligations
- SMSF advisers professional obligations
- Tax and duty issues for necessary asset restructure
- Tips and strategies for SMSF trustees to ‘brace’ for such events
Presented by Yikai Hoe, Director, Provident Lawyers
Learning Outcomes
- Have the latest guidance on SMSF audit compliance
- Get the latest on TBAR reporting
- Learn the most effective pension strategies
- Examine SMSF compliance issues and professional obligations when SMSFs face unexpected circumstances
Register here for Session 1 only
Session 2
SMSF Compliance: Audits, Pensions and Sole Purpose Test
Friday, 18 September 2020
SMSF compliance has become even more complex over the last six months. Hear from the superannuation gurus working at the coalface on SMSF audits, the most effective pension strategies and the Sole Purpose Test. Don’t let simple mistakes become expensive ones.
Chair: Simon Gow, Partner, Private Advisory, Grant Thornton
9.00am to 10.00am: LATEST UPDATES: Superannuation Audit: What’s New and What Does it Mean to Your Clients
- Related party tenancy concessions and rent relief
- Audit risks for property, rent and valuations
- Exempt in-house asset implications
- Investment strategies
- ATO expectations
- Auditor independence
Presented by Greg Bentley, Director, Opulen Super and Accounting
10.00am to 11.00am: Tax Effective Pension Strategies and Practical Tips on TBAR
- Important TBAR timing issues
- Death benefit reporting
- Considering the actuary %: why and how does it matter
- Combining TBAR and contributions
- Reporting when you miss the minimum
Presented by Katie Timms, National Director, Superannuation & SMSF Services, RSM
11.00am to 11.15am Break
11.15am to 12.15pm: A Practical Guide to Sole Purpose Test and Identifying Compliance Risks
- What is the Sole Purpose Test and why it matters
- Recent cases and the ATO’s view
- Sole purpose test post Royal Commission and APRA review: Will this impact SMSFs?
- Case studies and examples
Presented by Tracey Scotchbrook, Director, Superology Pty Ltd
Learning Outcomes
- Have the latest guidance on SMSF audit compliance
- Get the latest on TBAR reporting
- Learn the most effective pension strategies
- Examine the Sole purpose test and it’s importance to SMSF compliance