Knowledge Shop PD

Knowledge Shop Members Only
Everything you need to stay up to speed in 3 hours!

Join us online for this special member only event - everything you need to keep up to date and ahead of the game in 3 hours. 

Not a Knowledge Shop Member? Take a tour and see what's on offer!

See you online for a sensational series of sessions, and some fun and games!

Missed the last PD? You can access all of the past programs, recordings and notes on the member-only website - see training/ PD archive.

Total 3 CPD Hours (est.)

Date & Details

Tuesday, 16 August 2022

Time
2:00pm - 5:20pm AEST
1:30pm SA & NT
12:00pm WA

FPA accreditation pending

What we cover

2.00pm - 2.05pm Welcome
2.05pm - 3.05pm
Trust developments, ATO updates and more
3.05pm - 3.10pm Break
3.10pm - 4.10pm
Contributing to super - opportunities, tips and traps
4.10pm - 4.15pm Break
4.15pm - 5.15pm
Tax residency essentials

*timing subject to change

1
1 CPD hour (est.)

Trust developments, ATO updates and more

The ATO has certainly caused a stir with its guidance on section 100A. In this session we explore the ATO's latest comments in this area and practical issues that clients should be considering in connection with trust distributions. We also look at the ATO's response to the High Court decision in the Carter case and key points that need to be considered before clients seek to disclaim trust distributions. 

We explore the ATO's relaxed approach to the non-commercial loss rules for the 2020, 2021 and 2022 income years and the opportunity for some clients to offset business losses against other income without having to apply to the Commissioner to exercise discretion. We also look at the ATO's updated guidance on when the 'natural love and affection' exception can apply to forgiven debts.

ProfileMichaelCarruthersWith Michael Carruthers
Tax Director

 

3
1 CPD hour (est.)

Tax residency essentials

With international borders opening up and clients starting to move between countries on a more regular basis again there will be a renewed focus on the residency status of individual clients.

While an individual's residency status is crucial in determining the types of income or gains that are subject to tax in Australia and the tax rate that applies, this can be a notoriously difficult area.

This session explores how to practically work through each of the four individual residency tests in light of recent court decisions in this area.  We also explore the impact of the temporary resident provisions and how to approach the tie-breaker tests in Australia's double tax agreements.

We explore the key tax issues that need to be considered when a client becomes a resident or ceases to be a resident for tax purposes. We also take a quick look at the proposed residency reforms and where things currently stand in this area.

Matthew Tse RoundWith Matthew Tse
Tax Adviser

2
1 CPD hour (est.)

Contributing to super - opportunities, tips and traps

Over recent years we have seen many changes to super contribution rules and thresholds. Whilst there are great opportunities in the superannuation space there are also limits, deadlines and processes that are important to understand when making contributions.

This presentation will recap the different types of contributions, cover recent changes, contribution limits and the processes that need to be followed. 

Contribution types to be covered include:  

  • Superannuation Guarantee (SG) 
  • Non concessional contributions (NCC)
  • Downsizer contributions
  • Concessional contributions (CC) including using carry forward amounts 
  • Personal Injury/Structured Settlement 
  • The lifetime CGT Cap (Small business)  

Jason HurstWith Jason Hurst
Technical Superannuation Adviser