CANCELLED: Superannuation Essentials
Issues covered include: superannuation audit update, investment diversification, Valuations of unlisted shares/units, non-arms length income provisions, property investment in superannuation, property investment vs unit trusts, using LRB, tax effective pension, TBAR timing issues, death benefits, maximise contributions, sole purpose test, Reversionary v non-reversionary pensions, rolling death benefits, death benefit nominations, SMSF compliance
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, keep updated with super compliance, gain practical tips on SMSF audits, and learn the most effective pension, contribution and property investment strategies.
Chair: Simon Gow, Partner, Private Advisory, Grant Thornton
SUPERANNUATION AUDIT AND PROPERTY INVESTMENT
9.00am to 9.55am: LATEST UPDATES: Superannuation Audit: What’s New and What Does it Mean to Your Clients
- How is the landscape changing around SMSF auditing and why is this important for you and your clients?
- Investment diversification (Investment strategy requirements): What’s under the spotlight?
- Valuations of unlisted shares/units: why do they matter
- Non-arm’s length income provisions: What are the new rules and what will the auditor be looking for?
Presented by Naz Randeria, Managing Director, Reliance Auditing Services
9.50am to 10.45am: Structuring Property Investment with Superannuation
- 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
Presented by Chris Craggs, Director, Argurion Finance Group
10.45am to 11.00am Morning Tea
PENSION AND CONTRIBUTION STRATEGIES
11.00am to 11.55am: 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
11.55am to 12.50pm: Maximise the Contributions and be on Top of Your Clients 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: benefit commencement
- Contribution in the lead up to retirement
- Combining benefit withdrawal and contribution strategies
Presented by Pat Kelly, Senior Manager, BDO
12.50pm to 1.35pm Lunch Networking
Chair: Louise Sarracini, Manager, Private Advisory, Grant Thornton
1.35pm to 2.30pm: A Practical Guide to Sole Purpose Test and Identifying Compliance Risks
- What is the sole purpose test and why it matters
- Recent cases and ATO’s view on sole purpose test
- 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
DEATH, FAMILY AND BUSINESS FAILURES
2.30pm to 4.00pm: INTERACTIVE WORKSHOP: Your Expert Guide to Estate Planning Strategies with Superannuation
- Death benefits and the transfer balance cap
- Reversionary v non-reversionary pensions
- Child pensions and the transfer balance cap
- Rolling over death benefits
- Death benefit nominations: make sure you get it right!
- SMSFs: control on death and disability
- Practical estate planning strategies for blended family
Presented by Adrian Hanrahan, Senior Financial Adviser, Australia Unity
4.00pm to 4.15pm Afternoon Tea
4.15pm to 5.15pm: SMSFs Bracing for Unexpected Circumstances: Family and Relationship Breakdowns and Business Failures
Understand what may happen to SMSFs in the event of a surprise circumstance (or an inevitable) family, relationship or business breakdown and what the fund trustee and advisors should consider and address in order to brace themselves for the ‘bumpy ride’ ahead.
- 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
Venue
Mercure Perth
Level 1 10 Irwin St
Perth 6000
WA
Australia
Accreditation
Attend the full day and earn 7 CPD units
FASEA CPD Allocation: 7 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.