SMSF Related Parties & In-House Assets Webinar

A practical work through of the complex rules and issues

Wednesday, 31 March 2021

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Simplify the complex Related Party Rules
Reduce ATO risk: how to use the rules correctly, who actually gets caught & why?
Working with the rules in real life

The in-house asset rules can be complex and the risks high.

COVID-19 has increased the risk of problems arising and the Commissioner's approach to in-house assets is not 'carte blanche.'

The SMSF Related Parties & In-House Assets Webinar identifies the issues and breaks down the complexity, stepping through the processes and procedures in practice (including Part 8 Associates). 

The closely held nature of many SMSFs often results in transactions being carried out with the fund's related parties. In many cases, these transactions create in-house asset issues.

While in-house assets make up a relatively small portion of overall SMSF assets, it's an area under intensive scrutiny by the regulator. Unsurprisingly, in-house assets are the highest value reported contravention in dollar terms and the second most reported contravention in the last 10 years. 

In practice, failure to comply with the in-house asset rules can result in clients being placed at high risk and the fund being forced to sell assets. This essential webinar helps reduce those risks.

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Wednesday, 31 March 2021

12:00pm - 1:15pm AEDT in ACT, NSW, TAS & VIC
11:30am SA
11:00am QLD
10:30am NT
09:00am WA

1.25 PD Hours
Reference notes included
Recording access for 3 months

FPA accreditation pending

What we cover

Using real life examples, the SMSF Related Parties & In-House Assets Webinar demonstrates how to work with the rules, identifying the 'red flags' and demonstrating what needs to be done and by when.

  • How to identify the related parties of an SMSF  
  • When is an entity caught as a Related Party
  • A practical work through of the complex Part 8 Associate rules
  • When is an ungeared unit trust/company exempt and what to look out for to ensure the entity is not tainted
  • Working through the meaning of “sufficient influence” for a company
  • Working through the meaning of “control” when considering if a unit trust is related
  • What you need to know about working with the Commissioner's approach to in-house assets and COVID-19 - eligibility, process and the essential documentation requirements

Natalie Scott

Superannuation Adviser, Knowledge Shop

Natalie has spent well over a decade immersed in the intricacies of how SMSFs operate, navigating an increasingly complex legislative and regulatory environment, and managing the issues that arise servicing client needs (and wants!).

She has led the SMSF divisions of mid and second tier firms and understands SMSFs from the ground up – accounting, tax, structuring and advice. At Knowledge Shop, Natalie is an advisers’ adviser, helping the profession clarify the practical requirements and opportunities of SMSFs. She brings this knowledge to her presentations and explores the issues in a very practical way – knowledge that is immediately transferable in practice.

Natalie is a Chartered Accountant and a specialist member of the SMSF Association.

Natalie Scott
Natalie Scott
Superannuation Adviser, Knowledge Shop

Wednesday, 31 March 2021

12:00pm - 1:00pm AEDT in ACT, NSW, TAS & VIC
11:30am SA | 11:00am QLD | 10:30am NT | 9:00am WA

Member

Includes reference notes + 3 month recording access

  • $195 Individual access
  • $430 Office access*
Member Register

Non-Members

Includes reference notes + 3 month recording access

  • $235 Individual access
  • $480 Office access*
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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 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.

*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.

Requirements

You will need a computer with audio!!

  • Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
  • Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
  • Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
  • Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
  • PC requirements PC users (Windows® 7-10) ; Mac users (Mac OS® X 10.9 or newer); Google chrome OS, Mobile users; Android OS 5 (lollipop), Android 9 (piie), ios 10-ios 12 iPad 2 or newer, iphone 4s or newer, (iPhone®, iPad®, Android™ phone or Android tablet).
  • Browser Chrome (recent 2 versions, Firefox (recent two versions)
  • Internet 1mbps or better, mobile device 3G or better