SMSF Day 2019
Issues covered include: regulatory updates, owning property in an SMSF, non property investments, NALI, income rules, unrelated parties, retirement vehicles, pre and post relationships, strategic estate planning
Description
From critical updates on major changes impacting SMSFs to step by step guides on the best SMSF strategies you need to be implementing right now, this comprehensive and practical conference is all you need to stay up to date. Hear an important regulatory update from the ATO. Master exactly how to optimise SMSFs as investment tools. Unlock the latest contributions and retirement strategies. It’s all there, all straight from leading experts working day in and day out at the coalface of these crucial issues.
Chair: Andrew Yee, Director, Personal Wealth Management, HLB Mann Judd
9.00am to 10.00am: ATO UPDATE: ESSENTIAL INSIGHTS: Critical Regulatory Updates and Q&A
- Key compliance risk areas to keep on your radar and what the ATO is seeing this financial year
- Regulatory contraventions the ATO is commonly seeing through ACR reporting and how these are being treated
- How the ATO supports SMSF trustees with their compliance obligations
- Q&A: don’t miss your opportunity to ask your questions and get immediate responses directly from the ATO
Presented by Dana Fleming, Assistant Commissioner, SMSF Segment, ATO
MAJOR CHANGES AFFECTING SMSFs AS AN INVESTMENT TOOL
10.00am to 11.00am: Owning Property in an SMSF: Strategies, Opportunities, Pitfalls and what to do with Major Banks Saying ‘No’
- Maximising contributions using in-specie contributions
- How the recent superannuation reforms impact on your advice and the way SMSFs hold property investments
- LRBA rules unpacked: a practical guide on how to gear for property investments within an SMSF
- What now after the major banks have stopped lending to SMSFs? New strategies and approaches
- A practical due diligence checklist to consider before your clients own a property in an SMSF
- Key structures available to hold property in an SMSF
- Can SMSFs run a property development business?
- Prudential tax tips and how to avoid the snares of holding property in an SMSF
Presented by Chris Ketsakidis, Partner, Mills Oakley
11.00am to 11.15am Morning Tea
11.15am to 12.00pm: Non-Property Investment: How to Create Value for Your Clients
- Explore important investment trends and consider what you need to know about the relationship between investment risk and return in today’s environment
- How to deal with the difficulty experienced by managers to ‘outperform’ the market consistently
- What you can gain from different investment philosophies and the challenges SMSF advisors are facing
- Leveraging your understanding of the significance of investor behaviour and the impacts on portfolio returns
Presented by Shayne Sommer, Private Client Adviser, Shadforth Financial Group
12.00pm to 12.50pm: A Guide to Running an SMSF with Unrelated Parties: Key Details and Strategies
Different rules are imposed upon the trustees of self-managed superannuation funds depending on whether they are dealing with related parties or unrelated parties of a fund. In this session, you will consider who is a related party, who isn’t and why the distinction is important when managing investments in an SMSF.
- Who are related parties? (including standard employer-sponsors, part 8 associates and what is meant by ‘sufficiently influence’)
- Practical takeaways from scenarios where unrelated parties may run an SMSF together
- The impact of the in-house assets rules depending on whether parties are related or unrelated
- A guide to the use of related and unrelated trusts to structure SMSF investments
Presented by Darren Chinnappa, Manager, Nexia Australia; CA SMSF Specialist
12.50pm to 1.35pm Networking Lunch
CUTTING EDGE CONTRIBUTION AND RETIREMENT STRATEGIES
1.35pm to 2.25pm: How You Should be Utilising Small Business CGT Concessions for Your Client’s SMSF
- Key planning opportunities for maximising contributions into superannuation utilising the small business CGT concessions
- How to take advantage of the non-concessional contribution caps and the small business CGT concessions: timing is everything!
- Detailed guidance on accessing the small business CGT concessions and transfering the business real property into an SMSF
Presented by Leanne Tinyow, Partner - SMSF Services, Economos; CA SMSF Specialist
2.25pm to 3.20pm: Maximising the Benefits of Using an SMSF as a Retirement Vehicle in the Current SMSF Environment
Gain insights and real world guidance on wealth creation and retirement strategies that should be considered at each stage of life and the practical tips and traps you will need to know regarding retirement and estate planning.
Presented by Mark Wilkinson, Partner, Superannuation, BDO; CA SMSF Specialist
3.20pm to 3.35pm Afternoon Tea
AVOIDING SMSF TRAPS IN RELATION TO MARRIAGE AND DEATH
3.35pm to 4.25pm: Key SMSF Considerations Pre and Post Relationships: What You Need to Advise Your Clients
Explore how to advise clients both pre-relationship and at the end of a relationship
- Pre-relationship issues to consider
- Superannuation is property of a marriage or defacto relationship under Part IIIVB of the Family Law Act 1975
- Financial agreements pre-relationship (pre-nup) and practical tips
- Issues to consider immediately on separation
- Liability as trustee and binding death benefit nominations
- What needs to be dealt with on property settlement and divorce
- Valuation of SMSF assets & nature and liquidity of assets
- Related parties and compliance issues in SMSFs
- Timing of payment and relevant considerations and BDBNs
- How to deal with the ATO in the event of unauthorised access to the fund’s money and managing liability for the ‘innocent’ party
Presented by Peter Bobbin, Managing Principal, Argyle Lawyers
4.25pm to 5.15pm: Succession and Estate Planning Strategies for Your SMSF Clients
- How to effectively manage death benefits given account balance restrictions
- Key tax issues to be concerned and how to design a tax effective planning strategies
- Strategies, tips and traps on passing SMSF wealth through generations
Presented by Chantelle Rossiter, Senior Manager, Business Advisory & Taxation, Hall Chadwick; SMSF Specialist Advisor
Accreditation
Attend and earn 7 CPD hours
This seminar was recorded in NSW on 6 September 2019
FASEA CPD Categories
1 CPD unit in Regulatory Compliance and Consumer Protection
5.75 CPD units in Technical Competence
Additionally, all our conferences are able to count towards your CPD hours in accordance with the regulations of any other industry association including CA ANZ, CPA and more. Click here to view your organisations' rules.
Venue
Cliftons Sydney
Level 3, 10 Spring Street
Sydney 2000
NSW
Australia
Directions
Nearby Public Transport:
Train Stations - Wynyard 400m OR Martin Place 500m
Bus Interchange - Clarence Street 450m
Ferry - Circular Quay 1.2km
Parking Information
Parking not included in you registration. Here are some options below.
Secure Park 20 Bond Street - click here for rates
Wilson Park 1 O'Connell Street - click here for rates
Wilson Park 31 Bond Street - click here for rates