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.
12:00pm - 1:15pm AEDT in ACT, NSW, TAS & VIC
1.25 PD Hours
Reference notes included
Recording access for 3 months
FPA accreditation pending
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.
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.
12:00pm - 1:00pm AEDT in ACT, NSW, TAS & VIC
11:30am SA | 11:00am QLD | 10:30am NT | 9:00am WA
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.
*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.
You will need a computer with audio!!