From A to Breach: How and why SMSF breaches occur

Every breach starts somewhere: the management, ethics and pathways of SMSF breaches

Avoiding the breach pathway without losing the client
The dividing lines between trustee, accountant & auditor responsibility
The right way to fix a breach

A Live Instructor Led Webinar

A breach within an SMSF is a journey not an event and it started when your client took the first step on the pathway. But working with clients to prevent breaches occurring and resolving breaches effectively before they get to audit, can be tricky.

Timed to ensure that you can help your SMSF clients resolve problem areas before the end of the financial year, the From A to Breach webinar works through the real-life scenarios occurring, the client conversations that need to be had, and the ethical issues advisers face when a client is determined to journey down the breach pathway.

We’ll demonstrate the triggers that lead to a breach, the client conversations you need to have, and your options and the timing for resolving breaches before they become a major problem for the fund.

Knowledge Shop members, login for the discounted rate.

Total 1 CPD Hour

Details

Recorded: 13 April 2022

SMSF Association accredited for 1 CPD hour (PETKS220606)

  • 1.00 Regulatory compliance and consumer protection

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 20 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

The From A to Breach webinar maps the common and reoccurring breaches within SMSFs using real life scenarios, explores the client dynamics and the dividing lines between trustee and adviser obligations, and demonstrates the timing and methods to resolve breaches before they become a problem.  

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • Mapping the pathway to a breach and how to avoid your client’s walking down that pathway
  • Taking your client off the breach pathway without losing them
  • The real life and all too common breach pathways
    • Separation of assets and the diving lines
    • In-house assets and loans to members – the related party minefield
    • Non-arms length income and expenses
    • Working with interposed entities
  • Investment strategies and their need to be bespoke and detailed
  • The ethical dividing lines between a client’s ambitions for their fund, the regulatory requirements and the adviser's duty
  • The sole purpose test in practice – investment strategy v retirement vehicle

Our presenter

National Superannuation Technical Manager

Chloe Ward

Chloe WardChloe is Diverger's National Superannuation and Technical Manager. She is a sought after commentator and presenter on superannuation and risk. Chloe has a way of transforming technical considerations into practical and transferable knowledge for professional advisers.

She has over 15 years experience in the wealth and risk sectors, working with accountants and advisers to build their technical skills and refine how they deliver these services to clients.

Chloe is a former Associate Director of an SMSF Administration group before building her knowledge in risk with one of Australia’s leading and largest insurers.

Specialising in superannuation and retirement planning, Chloe is a SMSF Specialist Advisor, holds a Bachelor of Business (Finance), and an Advanced Diploma of Financial Services.