Superannuation Essentials
Issues covered include: audits, contributions, small business CGT Concessions for super, property development in SMSF, incapacity, unexpected circumstances.
Description
Superannuation practitioners have been experiencing more tough times since the release of the accountants’ exemption and the 2017 reforms. You have to be able to answer every single question your clients ask and provide them with practical solutions. Hear from those working at the coalface and gain practical tips on SMSF audits, learn the most effective pension, contribution and property investment strategies and understand how to handle unexpected circumstances and superannuation.
Attend the full day and earn 5.5 CPD units
FASEA CPD Allocation: 5.5 hours in Technical Competence
All our conferences are able to count towards your CPD hours in accordance with the regulations of any industry association including CA ANZ, CPA and more. Click here to view your organisations' rules.
Session 1
Audits, Contributions and Property Investment
Chair: Jennifer Dixon, Practice Leader, Moores
9.00am to 9.50am: LATEST UPDATES: Superannuation Audit: What’s New and What Does it Mean to Your Clients
- A renewed focus on investment strategies:
- Why the ATO focus?
- What should they say?
- What does the auditor actually check for? and why
- Consequences for the fund if the strategy is wrong?
- Non-arm’s length expenses:
- What are the new rules?
- What will the auditor be looking for?
Presented by Belinda Aisbett, Director, Super Sphere
9.55am to 10.45am: Maximise Contributions and be on Top of Total Super Balance
The sole purpose of a superannuation fund is to ensure that a member has accumulated benefits to meet death and retirement needs. Contributions are the primary way in which to accumulate your clients’ benefits for this purpose.
- Contributions for all phases of your client’s life
- Understanding the work retirement benefit commencement
- Contributions in the lead up to retirement
- Combining benefit withdrawal and contribution strategies
- Strategy tips to consider for business owners
Presented by Chris Morcom, Director and Private Client Adviser, Hewison Private Wealth
10.50am to 11.45am: Using the Small Business CGT Concessions for Superannuation Management
The small business CGT concessions provide the opportunity for contributions to be made to superannuation outside of the various caps. In this session you will cover:
- When small business contributions may be applicable
- Does it make a difference with the concessions chosen?
- Timing of contributions
- Practical examples of using the concessions
Presented by Brad Eppingstall, Director, RSM
11.50am to 12.45pm: Structuring Property Developments in an SMSF
- When can an SMSF engage in property development?
- Is the SMSF running a property development business and does it matter?
- Related party developments
- Property development via unit trusts and companies with unrelated parties
- Use of LRBAs and other forms of borrowing
- Navigating ATO scrutiny and the non-arm’s length income rules
Presented by Andrea Carrick, Director, AG Tax Lawyers
12.45pm to 1.30pm Networking Lunch
Session 2
What Now? Super and Unexpected Circumstances
1.30pm to 2.30pm: The Great Unknown: Superannuation and Dealing with Incapacity
- What does ‘incapacity’ mean and how should I look out for it?
- Trust deeds and incapacity, what are key terms and clauses
- Critical supplementary documentation and how it interacts
- Ramifications of a non-compos client dealing with superannuation
Presented by Anna Hacker, National Manager – Estate Planning, Australian Unity Trustees Legal Services; Accredited Specialist in Wills & Estates
2.35pm to 3.35pm: SMSFs Bracing for Unexpected Circumstances: Family and Relationship Breakdowns and Business Disagreement
Look at what may happen with SMSFs in the event of an unexpected (even if inevitable) family, relationship or business breakdown and what the fund trustee and advisors should consider and address in order to brace themselves for a potential ‘bumpy ride’ ahead. Using a number of case studies.
- Potential SMSF compliance issues and other practical problems
- Advance planning strategies
- Tips and traps when dealing with family law payments
Presented by Nathan Papson, Principal Lawyer, Papson Legal
Venue
RACV City Club
Level 2, 501 Bourke St
Melbourne 3000
VIC
Australia
Parking Information
Parking is not included in your registration. Here are some options below. RACV City Club Car Park.
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