SMSF 2020 Workshop

Advanced Audit & Compliance Training

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Advanced adviser & auditor training
Auditors held liable for actions of trustees: How to protect yourself
Essential annual update on the more complex SMSF issues

We explore the hot topics and reveal the areas where advisers are most likely to be ‘in the firing line.’ If you need solutions, SMSF 2020 is for you. In this comprehensive one-day workshop, we get into the depth of, and explain the hows, whys and solutions to, the current issues confronting advisers and auditors.

SMSF 2020 presents real life scenarios that you are likely to face in your SMSF work, together with the solutions to manage and overcome the issues presented. Plus, build the depth of your knowledge by being involved in the group discussion exploring the different treatment options available and their likely outcomes.

SMSF 2020 is complete with interactive learning exercises that will test your knowledge, group discussion and debate, and a workbook that will give you what you need when you return to the office.

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2020 Dates & Details

Melbourne 05 Feb | Sydney 07 Feb | Adelaide 11 Feb 
Brisbane
14 Feb | Perth 26 Feb 

8 PD Hours, 6.5 active PD hours (for ASIC purposes)
SMSF Association accreditation points pending
Reference book included
Bring a calculator and jacket

What we cover

SMSF 2020 shows you how to respond to the vital SMSF issues affecting you and your clients with a focus on achieving the best outcomes for both parties.

Designed to reduce risk, and maximise efficiency and outcomes, SMSF 2020 is a not to be missed workshop for all professionals in the SMSF audit and advice space.

The ever-changing landscape

  • New legislation (Treasury Laws Amendment (2018 Superannuation Measures No. 1 Bill 2019) and the effects it will have on Audit and Advice
  • What the SIS regulations ACTUALLY require around “diversification” for SMSFs
  • Updated regulator guidelines on valuation requirements, especially around unlisted assets
  • Key ATO compliance areas and what attracts the regulator’s attention

In-house assets

The implications of the ATO’s clarification of related unit trusts

  • Why the increase in the establishment and use of related unit trusts has occurred and why greater attention needs to be given
  • 50/50 trusts – are they actually allowed?
  • New investments in related unit trusts - what the ATO states you can and can’t do
  • Related party rules
  • Trustees responsibilities when a breach occurs

SMSF strategies

  • Recent ATO clarification on the use of downsizer contributions – where they are seeing issues arise
  • Advanced pension strategies - the importance of managing preservation and tax components effectively
  • Member balance equalisation
    • How to achieve the best outcomes
    • Why would you do it?
    • The rules - what can and cannot be done?

ATO activity

  • Why both trustee and auditor education is high on the regulators radar
  • Walk through the ‘audit the auditor’ program
  • What you will be asked and how your independence will be tested
  • How the ATO program of contact with SMSF trustees impacts on you

2020 Hot Topics

An essential annual update on the more complex issues practitioners face when completing client work.

  • The ATO focus on “diversification” within SMSFs
  • The increase in legal action taken against SMSF auditors and ways you can protect yourself
  • Recent legislative changes around non arm's-length income and how these rules apply to both fund expenses and capital transactions
  • Regulator expectations when carrying out audit work for other firms and why reciprocal auditing arrangements are being scrutinised
  • Valuation expectations especially around unlisted investments
  • Identifying misstatements in the fund accounts and what you should do

Structuring issues for SMSFs

  • Asset segregation - what your clients are still allowed to do
  • Identifying structuring issues before they occur and planning ahead
  • Joint ownership of assets - a resurgence of interposed trusts and companies to manage contribution restrictions
  • Trustee? Member? Or both?

Essential SMSF administration issues

  • What your clients need to be telling you and when!
  • Pension structuring and documentation - it’s all in the paperwork
  • Lump sum benefit payments - but where from?
  • Reactive vs. Proactive SMSF planning

Key documentation included

  • Current audit plan
  • Current audit program
  • Suggested engagement and management letters
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Our Speaker

Garth McNally
Garth McNally
NATIONAL TRAINING & EDUCATION DIRECTOR, MERIT WEALTH

Garth has over 20 years of practical experience in superannuation. He spends most of his time working with accountants and advisers to develop strategies that help their clients get the most out of their SMSFs.

He is adept in the compliance requirements for practitioners, the technical requirements of the laws and regulations, and the very real impact on clients.

Referred to as the ‘super man’, Garth is a recognised and in-demand speaker on superannuation issues and strategies for the leading professional bodies and the Easton Investments group of companies - Knowledge Shop, Merit Wealth, and GPS Wealth.

Investment

Early Bird

Per person
For payments received by 15 January 2020
  • $620 - Member
  • $670 - Non-member
Not a member? Find out more
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General

Per person
For payments received after 15 January 2020
  • $685 - Member
  • $735 - Non-member
Not a member? Find out more
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Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for cancellations received 14 days or less of the event date under any circumstances. No credits are available less than 4 days prior to the event under any circumstances.

Venues & Times

Melbourne
Wednesday 5 February 2020
RACV City Club
501 Bourke Street, Melbourne (map)

Sydney
Friday 7 February 2020
Radisson Blu Hotel 
27 O'Connell Street, Sydney (map)

Adelaide
Tuesday 11 February 2020
Rockford Adelaide
164 Hindley Street, Adelaide (map)

 

Brisbane
Friday 14 February 2020
Brisbane Hilton 
190 Elizabeth Street, Brisbane (map)

Perth
Wednesday 26 February 2020
Duxton Hotel 
1 St Georges Terrace, Perth (map)

 

Time
All workshop sessions
8.30am Registration
9.00am - 5pm Workshop

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