Family Law: Hidden Assets, Tax and SMSF Issues
" Issues covered include: overseas hidden assets, SMSF splitting, tax implications, property settlements,
Description
Gain a new found clarity and depth of knowledge on how to deal with the innumerable and complex issues that can arise when identifying ownership and tracking hidden assets; dealing with SMSF splitting and recognising potential tax implications on property settlements and other orders that can arise in family law matters. This must attend advanced intensive will provide you with a new level of insight on these complicated issues.
Attend and earn 3 CPD units in Substantive Law
This program is applicable to practitioners from all States & Territories
Once seminars are completed, delegates from Western Australia may apply to The Law Society of Western Australia for family law specialist accreditation points. Each application is subject to approval by the Accreditation Committee on a case by case basis and approval is not guaranteed. Your request for points form and attached materials can be emailed to accreditation@lawsocietywa.asn.au
Chair: Susan Pearson, Partner, Pearson Emerson Meyer; Fellow of the International Academy of Family Lawyers; Accredited Family Law Specialist; Collaborative Lawyer; Preeminent Family & Divorce Lawyer, Doyle’s Guide 2018
2.00pm to 3.00pm: Identifying the Ownership Structure and Tracking Down Hidden Assets Overseas and Within Australia
- Identifying ownership
- When to join third parties/entities
- Tracking down ‘hidden’ assets
- Evidence required when a party is alleging ‘hidden assets’
- Remedies available in Australia and overseas
Presented by Catherine Spain, Barrister, Waratah Chambers; Recommended Family Law and Parenting & Children’s Matters Junior Counsel, Doyle’s Guide 2019 and Elaine Clarke, Associate Solicitor, Newnhams; Accredited Specialist in Family Law
3.00pm to 4.00pm: SMSF Splitting: The Keys to Understanding and Implementing a Splitting Order
- Family Law Act requirements
- SIS Reg requirements
- Should you create a new interest?
- When to rollover
- Can the split be paid out?
- Taxation aspects
- CGT rollover relief
- Transfer balance account adjustments
Presented by Stephen Bourke, Director, SuperSplitting; Accredited Superannuation Specialist, Self-Managed Superannuation Association; author, Super Splitting for Family Lawyers, Certus Law
4.00pm to 4.15pm Afternoon Tea
4.15pm to 5.15pm: Tax Implications for Property Settlements and Orders: Recognising Alarm Bells and When to get the Specialist Involved
- Review of tax and duty rollovers
- Whose name can the rollovers of assets be made in?
- Consideration given for unrealised gains or losses of assets rolled over
- Timing of when rollovers should be made
- Division 7A and other tax issues in moving assets out of family companies and family trusts
- What is Division 7A?
- The tax consequences of Division 7A non-compliance
- The tax consequences of Division 7A compliance: Doing it right!
- Traps and tips
- Avoiding tax troubles when drafting property orders
- Who should get what!
- Capital gains and losses in poorly drafted orders or lack thereof
- Practical examples and case study
Presented by Peter Bobbin, Principal Lawyer, Coleman Greig Lawyers
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 your 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