SMSFs: The A-Z of Legal Issues
Issues covered include: contributions, property syndicates, Powers of Attorney, managing death of an SMSF member
Description
When you deal with SMSFs there are many tips and tricks that can improve your practice and ensure that your clients are in the best legal position possible. Be guided through the process of managing the death of an SMSF member, learn strategies about contributions and explore SMSF property syndicates.
Attend and earn 4 CPD units in Substantive Law
Chair: Dr Christopher Birch SC, 8th Floor Garfield Barwick Chambers; Recommended Wills & Estates Litigation Senior Counsel, Doyle’s Guide 2019
9.00am to 10.00am: All About Contributions
- The basics: super guarantee, concessional, non-concessional contributions
- The downsizer contribution
- Carry forward contributions
- Spouse contributions, contributions splitting
- Small business retirement exemption
- Potential issues
Presented by Simon Robinson, Financial Adviser, RSM Financial Services Australia
10.00am to 11.00am: SMSF Property Syndicates
- Investing in a unit trust
- In-house asset rules
- Unrelated parties 'exception'
- Un-geared trust exception
- Non-arm's length income rule and fixed trusts
Presented by James Meli, Practice Leader, LegalVision
11.00am to 11.15am Morning Tea
11.15am to 12.15pm: Powers of Attorney and SMSFs
SMSFs remain valuable investment structures for a client’s retirement planning but what happens when a member or trustee (including a director of a trustee) loses capacity or moves overseas. Explore the importance of enduring powers of attorney (EPOA) and succession for SMSFs including:
- Section 17A of the SIS Act and EPOAs
- The ATO’s SMSF Ruling 2010/2
- The decision in Narumon [2018] QSC 185
- Misconception that the executor of the estate appointed under the will (always) becomes the trustee of the SMSF
- The decision of Dawson v Dawson [2019] NSWSC 826
- Practical tips to safeguard the succession and control of SMSF from challenges
Presented by Stephanie Flegg, Associate, Bartier Perry Lawyers
12.15pm to 1.15pm: A Step by Step Guide to Managing the Death of an SMSF Member
- What, whom, when and how to notify
- Payment of super death benefits
- Taxation of super death benefits
- Corporate trustee vs individual trustees
- Multi member vs sole member SMSF
- Issues to watch out for
Presented by Brian Hor, Special Counsel, Superannuation & Estate Planning, Townsends Business & Corporate 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