SMSF Day 2019
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.
Description
Chair: Tino Di Battista, Partner, Business Advisory and Superannuation, Nexia Australia; SMSF Specialist Advisor; Nominated Adviser registered with the National Stock Exchange of Australia Limited
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 Investments: 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 Kunaal Parbhoo, Insurance Specialist and Daniel Tiet, Private Client Adviser, Shadforth Financial Group
RECENT DEVELOPMENT ON NALI AND MAKING SENSE OF UNRELATED PARTIES
12.00pm to 12.50pm: Tips and Traps with Non-Arm’s Length Income Rules and Why They Matter
- Examine what non-arm’s length income is and why it exists
- Look at any difference between tax and super laws regarding non-arm’s length transactions, and what those differences mean
- Explore the proposed but now lapsed non-arm’s length expenditure legislation and what that would mean should it be re-introduced
Presented by Rohan Mansfield, Principal, LDB Group Australia
12.50pm to 1.35pm Networking Lunch
1.35pm to 2.25pm: A Guide to Running an SMSF with Unrelated Parties: Key Details and Strategies
As SMSFs become a more familiar investment vehicle for individuals, family groups and small businesses, the opportunity may arise for unrelated parties to run an SMSF together. Explore the essential details of running an SMSF with unrelated parties.
- Practical takeaways from scenarios where unrelated parties may run an SMSF together
- Detailed analysis of legal documentation that will govern unrelated parties in SMSFs
- Red flags: danger areas of unrelated parties running an SMSF
- Alternative structures advisers need to consider
Presented by Nathan Papson, Principal Lawyer, Papson Legal; SMSF Specialist Advisor
AVOIDING SMSF TRAPS IN RELATION TO RETIREMENT, MARRIAGE AND DEATH
2.25pm to 3.20pm: How to Take Advantage of Tax Exemptions to Make the Most of Your Client’s Retirement
The tax exemption on retirement phase income streams is the most valuable deduction available to SMSF retirees. Learn how to maximise those exemptions by examining:
- The latest rules for claiming exempt current pension income (ECPI)
- The ECPI changes proposed in the 2019 Federal Budget
- Key considerations when SMSF trustees move into retirement including important strategies to maximise ECPI
- Putting it all together to maximise your client’s retirement
Presented by Melanie Dunn, SMSF Technical Service Manager, Accurium; SMSF Specialist Advisor
3.20pm to 3.35pm Afternoon Tea
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) or during relationships: their role in superannuation planning and practical tips
- Death benefit nominations
- Issues to consider immediately on separation
- Liability as trustee
- Revision of binding death benefit nominations
- What needs to be dealt with on property settlement (and divorce)
- Valuation of SMSF assets & nature and liquidity of assets
- Compliance issues in SMSFs: how to deal with the ATO in the event of unauthorised access to the fund’s money and managing liability for the ‘innocent’ party
- Timing of payment and splitting considerations
Presented by Peter Crofts, Barrister, Greens List
4.25pm to 5.15pm: Critical Developments in Challenging Super Death Benefit Decisions: Key Updates You Need to Know
- Get up to date on the latest cases involving beneficiaries challenging super death benefit decisions
- Important lessons from those decisions you can apply to your practice
- Key steps SMSF advisers should take to protect their clients from such claims
Presented by Phil Broderick, Principal, Sladen Legal; CTA
Venue
Novotel on Collins
270 Collins Street
Melbourne 3000
VIC
Australia
Accreditation
Attend and earn 7 CPD units
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.