3rd Annual Superannuation Essentials Conference: Life After the 2017 Reforms (Live Web Seminar)
Date: Wednesday 25 - Thursday 26 October 2017
Time: 9.00am to 5.15pm
Live Web Seminar
Attend the two-day session and earn 14 CPD/CPE Hours
The 2017 superannuation reforms are game changing. You've heard what the reforms include, but your clients will expect and demand so much more. You must possess an in-depth understanding of not only the scope of the changes, but also how precisely they operate in practice and how they should influence the strategies and advice you give to your clients. Hear from those working at the coalface of the industry as they share their insider information and strategies on the latest SMSF developments, including how the reforms are impacting real world practice and what you need to be doing to provide the best advice possible for your clients.
DAY 1: AUDITS, INVESTMENTS AND STRUCTURES AFTER THE REFORMS
9.00am Welcoming and Opening Comments from the Chair: Alice Kase, Partner, Private Clients, PwC
SMSF AUDITS: NAVIGATING THE 2017 REFORMS
9.05am The ATO Dealings with SMSFs Post-2017 Reforms: Who is the Fox and Who is the Hound?
- Analyse matters surrounding the rights and obligations of SMSFs and their advisors post-30 June 2017
- Examine the stated current issues for the Commissioner of Taxation concerning SMSFs
- Review the impact of the trustee penalties regime, enforceable undertakings, SMSF specific advice, non-complying status notifications and trustee disqualifications
Presented by Elizabeth Burnheim, Solicitor, Argyle Lawyers
10.00am War Stories of an SMSF Auditor: Audit Evidence and Risks Associated with the 1 July 2017 Changes
With strict deadlines and continuously changing SMSF legislation following the 2017 reforms, it is critical to understand the latest developments and audit principles.
- Audit considerations when implementing the May 2016 budget changes
- Asset valuations and audit representation letters
- SMSF audits and sufficient appropriate audit evidence
- Areas that auditors query the most (fund establishment, investment strategies, asset ownership, properties and others)
- The type of audit evidence that is generally required
- Practical tips on how to deal with auditors and how to rectify compliance breaches
Presented by Jo Heighway, Partner, SMSF Assurance & Advisory, Deloitte; SMSF Specialist Advisor and Auditor
11.00am Networking and Refreshment Break
11.15am OPEN FORUM: Lessons in Coping with the Licensing Requirements
Renowned licensing expert Kath Bowler will moderate a session examining accountants who have gone down the path of licensing, the challenges they have faced and how they have overcome them. Explore the unique issues for small vs large practices, as well as authorised representatives vs limited licence holders through discussion, Q&A with the audience and a summary of practical takeaways for you and your practice.
Kath Bowler, CEO, Licensing for Accountants
Amanda Egan, Partner, Essentia Partners
Garvin Jones, Director, Hill Rogers
INVESTMENT STRATEGIES IN A POST-REFORMS WORLD
12.15pm SMSFs and Property Investments: Strategies, Structures and Reforms
Property investments by an SMSF can provide great opportunities, however they can also create a number of problems if not handled properly.
- Considering the impact of the new reforms
- Owning property in an SMSF and what a fund needs to do
- Tips and traps of holding property in an SMSF
- Alternative structures for property investments with an SMSF
- Borrowings by an SMSF (LRBA's) and the reform changes
Presented by Chantelle Murray, Manager, Business Advisory & Taxation, Hall Chadwick; SMSF Specialist Advisor
1.15pm Networking Lunch
2.00pm Investment Philosophy for SMSF Trustees: Sage Advice for Satisfied Clients
- Planning considerations for the SMSF trustee and investor
- The power of cash flow modelling and the impact on investment decisions
- The psychology of investing and managing emotions
- Investment philosophy approach and portfolio construction
- How can practitioners engage with clients about investment considerations?
Presented by David Harvie, National Relationship Manager, Shadforth Financial Group
3.00pm Maximising Contributions into SMSFs: Making Sense of Recent Changes
Recent reforms have made it harder for some to make contributions to super and easier for others. With the constant changes to the rules there is confusion regarding the contribution limits and the relevant timing.
- Examine the various ways in which contributions can be made to increase a member's balance in an SMSF
- The what, when, where and how of super contributions
- Strategies to super balances
Presented by Louise Meijer, Partner, Private Clients Group, Pitcher Partners; SMSF Specialist Advisor
4.00pm Networking and Refreshment Break
4.15pm SMSFs in Succession Planning Post-Reforms
Superannuation represents a growing portion of an individual's overall wealth. How SMSFs factor into an overall succession plan to achieve the desired outcomes as tax-effectively as possible is critically important.
- Trustee succession and critical control issues
- Hard wiring deeds versus binding death benefit nominations
- Distribution of superannuation death benefits and bringing it all together as an integrated part of an overall estate plan
Presented by James Meli, Director of Tax, Economos Group
5.15pm Closing Comments by the Chair
DAY 2: STRATEGIES FOR THE POST-REFORM ERA
9.00am Welcoming and Opening Comments from the Chair: Kim Meredith, Senior Client Director, Kelly + Partners Chartered Accountants; SMSF Specialist Advisor
REFORMS, TRANSITIONS AND YOUR PRACTICE
9.05am Transitional CGT Relief: Is it Working as Planned Post- Reforms?
Resetting the CGT cost base for SMSFs is impacted by a number of influences. While there is still time to reset the cost base for purposes of the superannuation rules, the irrevocable election to reset needs to be considered seriously as once the tax return is on its way for the fund there's no turning back.
- Examine the resetting of the CGT cost base: the finer points
- Which assets can be reset
- Whether the fund is segregated or unsegregated
- Reducing balances to be in line with the thresholds by the required time
Presented by Graeme Colley, Executive Manager, SMSF Technical & Private Wealth, SuperConcepts; SMSF Specialist Advisor
10.00am Transfer Balance Caps, Traps and the New Status Quo
- The latest guidance received from the ATO with regard to the administration of the Transfer Balance Cap
- What to do when you exceed your transfer balance cap
- Planning opportunities available under the cap
Presented by Mark Wilkinson, Partner, Superannuation, BDO; Fellow of the Tax Institute, CAANZ and SPAA; and CA SMSF Specialist
11.00am Networking and Refreshment Break
PENSION STRATEGIES: CHANGING TIMES
11.15am Pensions Post-30 June 2017: What You Need to Know and Need to Change
Explore necessary changes to previous pension orthodoxy.
- Relevance or not of reversionary pensions
- Stopping, starting, commuting or otherwise
- Pension implications of changing or updating deeds
Presented by Clifford Hughes, Principal, Clifford Hughes & Associates; Accredited Specialist in Tax Law and Business Law; and Chartered Tax Adviser
SMSFs AND FAMILIES IN TODAY'S WORLD
12.15am Super Law vs Family Court: Is it a Fair Fight?
- Powers of the Family Court in relation to superannuation
- Requirements on trustees of superannuation funds to provide information
- Methodology for valuing superannuation interests, including SMSF interests
- Implementing superannuation splits: traps and tips for SMSF members
- The role of the accountant in superannuation splitting
Presented by Ben Symons, Barrister, State Chambers
1.15pm Networking Lunch
2.00pm SMSF Strategies for Blended Families
Build on some of the concepts covered throughout the program as they specifically relate to blended families.
- Defining a 'blended family'
- Benefitting step-children and former partners
- Creative options when super forms part of the estate
- Binding nominations vs 'hardwiring' by deed vs 'super wills'
- Reversionary and 'life interest' pensions
- Control issues: SMSF trustees, executors, and financial attorneys
- Managing conflicts and recent case studies
Presented by Dr Allison Stanfield, Senior Lawyer, View Legal
3.00pm Who Gets Superannuation at Death?
- Determining to whom superannuation is paid
- Binding death benefit nominations and legislative requirements
- What can go wrong: decisions of the Superannuation Complaints Tribunal and the courts
- Other issues for advisers to consider
Presented by Monica Ross-Maranik, Consultant Principal, Keypoint Law; Accredited Specialist in Wills & Estates Law
4.00pm Networking and Refreshment Break
4.15pm PANEL DISCUSSION: Life After 30 June 2017: The Aftermath for You and Your Clients
Changing SMSF legislation can bring countless questions and even complaints from clients. Take this opportunity to share your successes and challenges with other SMSF specialists who will deliver practical hard and soft skills for your next client meeting and your practice going forward.
Darren Howard, Director, Merit Planning East; SMSF Specialist Advisor
Lisa To, Executive Lawyer, Bartier Perry; SMSF Specialist Advisor
Andrew Yee, Director, Superannuation, HLB Mann Judd
5.15pm Closing Comments by the Chair
Alice Kase works with families to appropriately manage their tax risk and has extensive experience helping clients manage their relationship with the ATO on a variety of issues. Alice's tax specialisation includes Superannuation strategies, Personal Tax, Private Companies, Family Trusts, SelfManaged Superannuation Funds, Employee Share Scheme advice, Fringe Benefits Tax, Remuneration Packaging and Capital Gains Tax. Alice advises families and senior corporate executives in relation to their tax affairs including employment agreements, structuring, asset protection, and employee share issues including ensuring clients plan for their futures to include superannuation and estate planning. Alice provides advice to companies and superannuation funds in respect of member issues, benefit payments, superannuation guarantee issues including managing employee / director payments, management of concessional and non concessional contributions, excess contributions issues, ATO submissions, examining clients' superannuation lifecycle and developing superannuation strategies. Alice is a Fellow of the Institute of Chartered Accountants in Australia and a Chartered Tax Adviser.
Jo Heighway is the SMSF Assurance partner at Deloitte, leading a large team of specialist SMSF auditors to look after all of Deloitte's major SMSF clients. Jo has over 20 years experience in SMSF audit and compliance and is recognized as a genuine expert in the SMSF field. Jo has a detailed understanding of risk principles and how they apply to Superannuation and Taxation legislation and is trusted by the best in the industry. Jo was recognised as Telstra's Australian Young Business Woman of the Year 2011. She was the founder and CEO of Engage Super, one of Australia's leading and most well-respected independent SMSF audit firms, until re- joining Deloitte in July 2015.
Kath Bowler is CEO of Licensing for Accountants, a specialist independent firm that helps accountants, and those businesses that support accountants, tackle the issues around providing licensed advice. With a career spanning nearly 25 years in the financial services industry, Kath is recognised as one of Australia's leading authorities on licensing for accountants. She has been fortunate enough to experience the industry from all angles - including regulator, professional body, accountant, financial planner, institutional licensee and boutique licensee. From this unique standpoint, Kath has seen what works and what doesn't, and is now applying that knowledge and experience in her work with accounting firms throughout Australia.
Amanda is a Fellow Chartered Accountant, a CA SMSF Specialist and a Certified Tax Practitioner with The Tax Institute. She holds a Master's Degree in Taxation a Diploma in Financial Planning. As co-director of CA firm Essentia Partners Pty Limited, Amanda's focus and strengths lie in her technical knowledge which has secured her reputation as a trusted advisor to both her clients and associate personnel. More recently Amanda obtained her Limited AFS Licence to provide financial services advice through Essentia Financial Advisory Pty Limited. Whilst Amanda continues to counsel clients on broader accounting and taxation issues, her extensive experience in SMSFs has developed into her passion of guiding clients through areas of estate & retirement planning, wealth management and structuring, and of course, superannuation.
Garvin Jones' technical experience in income tax and superannuation provides SMSFs, High Net Worth individuals and SMEs with extensive expertise. He is passionate about helping people to plan for the transition between work and retirement in a way that sees their financial goals achieved by providing valuable advice on tax planning and compliance, wealth creation plans, retirement planning and regulatory compliance. Garvin joined Hill Rogers in 2000 as a superannuation and taxation specialist. He has a Bachelor of Business from Charles Sturt University, a Diploma in Financial Planning and is a member of the Institute of Chartered Accountants Australia and New Zealand, an accredited SMSF Specialist Advisor with the SMSF Association and a CA SMSF Specialist.
Chantelle Murray is a Chartered Accountant with 12 years of experience in business advisory and superannuation services. Chantelle specialises in self-managed superannuation funds which includes compliance and reporting, providing proactive advice for structuring, establishing and retirement planning. Chantelle can assist with estate and succession planning for your investments and business. Chantelle manages a wide range of clients in varied industries, including small and medium businesses, high net wealth individuals and health practitioners and specialists. FMA Partners provide a full range of business services to enterprises in the SME and larger spaces including business and tax advisory services, tax compliance services, accounting, succession planning, self-managed superannuation compliance, structuring, business sale and acquisition and financial reporting across a wide range of industries.
With over 20 years' experience in the financial services sector David Harvie have gained extensive knowledge within a range of organisations from corporate brokerages to boutique firms. Working closely with family offices, business owners and professional individuals, he has provided tailored strategic advice and wealth management solutions to assist his clients reach their short term goals, as well as helping them prepare for their future lifestyle requirements. Now his focus is partnering with external organisations to provide our range of services that make a real difference to the financial wellbeing and outcomes for business owners, C Suite executives, staff and most importantly, a difference in the lives of families. He is adept at understanding the value proposition that a business has and joining the dots to leverage opportunities for growth between organisations. With a passion for developing innovative client solutions, he strives to provide ongoing leadership and entrepreneurial insights to the industry leading financial advisers at Shadforth. As an accomplished public presenter, he is a strong advocate of simplifying often complex financial strategies and terms so our clients are empowered and feel confident to make informed financial and investment decisions. A seasoned traveller, his experience and interest in different cultures and philosophies helps in developing strong relationships with people from a diverse range of backgrounds. He enjoys spending time with his young family, or challenging himself with various race or charity cycling events. An active member of Rotary, and is a Governor at The American Chamber of Commerce as well as other networking groups.
Louise Meijer is a partner in the Sydney office of Pitcher Partners with over 20 years' experience advising high net wealth individuals in various aspects of their taxation affairs. Louise heads up the superannuation team and is responsible for SMSF compliance. Prior to joining the firm, she worked in the Private Clients team at a Big 4 accounting firm for many years. Having deep specialist knowledge of superannuation strategies and compliance for SMSFs, Louise is recognised as an expert in the field, having presented at a number of industry forums. She also has expertise and experience in the areas of taxation, discretionary trusts, deceased estates and estate planning. Louise's clients look to her for her technical expertise, balanced with a pragmatic and commercial approach. She is a trusted advisor, providing strategic advice and structuring solutions as well as tax compliance and family office services. Louise is an authorised representative of Pitcher Partners Sydney Wealth Management Pty Ltd.
James Meli is the Director of Tax at Economos Group and deals with virtually all State and Federal taxes, including income and capital gains tax (including CGT rollovers), international tax (inbound/outbound and both at the corporate and individual levels), GST, stamp duty, the taxation of trusts, superannuation structuring and estate planning. James works exclusively in the tax advisory space and began his career in the High Wealth Individuals Taskforce at the ATO and has experience in both private legal practice and mid-tier accounting firms. James has a Masters of Taxation and has advised a diverse range of clients from start-ups implementing employee share schemes or 'flipping-up' to the US, to individuals relocating overseas, small business owners exiting their business (small business CGT concessions) to pre-IPO restructures for large listed property trusts and fund managers. A significant part of James' practice is providing 'White Labelling' services to other practitioners (both lawyers and accountants) to assist them in providing technical tax advice to their clients so as to enable practitioners to maintain client relationships and provide a full-service offering.
Kim Meredith is a Senior Client Director with Kelly + Partners in the South West Sydney office and heads up their SMSF team. Kim has over 30 years experience in accounting public practice. The first 13 years were in business services (including superannuation) with a Sydney CBD firm and since then as part of BCP / Kelly + Partners. Kim is recognised as an 'SMSF Specialist Advisor'© with Australia's peak SMSF body, SMSF Association. Kim specialises in providing compliance and taxation advice to Trustees and other advisors of Self Managed Superannuation Funds. Kim is also licenced to provide strategic superannuation and retirement planning advice.
Graeme Colley is the Executive Manager, Technical and Private Wealth at SuperConcpets. In that role there are three areas of responsibility, the provision of technical and education services to private wealth clients, maintaining the company's media and corporate profile and supporting the company's advocacy role for government policy on superannuation. Prior to SuperConcepts, Graeme was the Director, Technical and Professional Standards at the SMSF Association from February 2012 to May 2016, a role which supported members in providing high quality advice on all aspects of self-managed superannuation funds. Graeme has over thirty years' experience in the superannuation industry and had been involved in many of the changes that have taken place to the government's superannuation policy during that time. He was previously the National Technical Manager for OnePath Australia which involved providing technical advice on superannuation, social security and aged care to its adviser network. Prior to that, he was responsible for the co-ordination of superannuation litigation within the ATO. Graeme has co-authored a number of books and publications on superannuation. He lectures at the University of Western Sydney in the Masters of Commerce and at the University of NSW in the SMSF Law course. Graeme is also a joint author of publications including the CCH Master Financial Planning Guide and Financial Planning in Australia. He lectures at the ATAX Masters course at the University of NSW and in the Master of Commerce (Financial Planning) course at the University of Western Sydney. Graeme is a Member of the Institute of Chartered Accountants in Australia and an SMSF Specialist Advisor.
Mark Wilkinson is a Superannuation Partner in the Private Client Division with BDO in Sydney. Mark is one of the leading members of the BDO Superannuation team in Australia and has been providing superannuation and retirement planning advice for over 20 years. As a superannuation specialist, Mark provides strategic superannuation advice on how the State and Federal legislation impact on the areas of superannuation, retirement, estate and succession planning for clients as they build their wealth enroute to retirement. Mark knows how an SMSF structure can be used as an effective part of a business group, as an exit strategy, as a growth strategy, and how to undertake various property transactions including borrowing within the SMSF environment. Licensed to provide superannuation advice, he advises on SMSF establishment, contribution planning strategies, pension planning advice, estate planning and consulting regarding Superannuation Industry Supervision Act Compliance issues. Mark is a sought after National public speaker on superannuation and retirement, in-house trainer for large clients and accounting firms and an acknowledged industry specialist in the area of self-managed superannuation consulting.
Clifford Hughes consults to legal, accounting and planning practices in respect of taxation, business structuring and succession issues for their clients. He is an Accredited Specialist in Taxation Law, an Accredited Specialist in Business Law and a Chartered Tax Adviser.
Ben Symons has worked as a tax lawyer for over 15 years. Ben holds a Masters on Taxation Law from the University of Sydney. He has extensive experience across a bread of Australian taxation matters and international taxation matters. He advises on and undertakes litigation in relation to all taxation matters including corporate taxation, trusts, superannuation and State taxes (land tax, payroll tax and stamp duty).
Allison Stanfield has over 24 years' experience as a lawyer and in business. Allison advises business owners on all aspects of setting up, running, selling and acquiring businesses, and provides her clients with advice on corporate structure and property leasing. Known for her commercial and practical approach, Allison works closely with clients to understand their business and to provide workable solutions and strategic outcomes. Succession and estate planning is an important strategy for any business owner and Allison advises businesses and individuals on how best to protect their assets and wealth in an ever changing and increasingly regulated business environment. In addition to her business law expertise, Allison also provides a range of technology law advice to clients including drafting and negotiating software development and licensing agreements, web and domain hosting agreements and intellectual property agreements. Allison maintains a unique expertise in electronic evidence and is an expert in electronic contracts, electronic signatures and electronic discovery. In 2015, Allison completed her PhD in the authentication of electronic evidence. Prior to founding SG Legal, Allison founded and ran e.law, a niche legal technology company, and also worked in top-tier and mid-tier law firms and as Registrar of the Court of Appeal (Qld). e.law won an iAward for innovation in court technology; Allison was instrumental in running a number of high profile technology court matters including the Oswal v ANZ litigation, the HIH Royal Commission, the Oil for Food Inquiry, the Air Cargo litigation and the Channel 7 v News Limited trial, to name a few. Allison also consulted to courts and tribunals on the implementation of technology, including the Federal Court of Australia, several state Supreme Courts and some international courts. Allison has previously been a Telstra Business Women's finalist and an Outstanding Alumni at QUT.
Monica Ross-Maranik is an accredited specialist in wills and estates law in NSW, working predominately in estate litigation, probate, estate administration and estate planning. She has over 20 years' practise in the field, including extensive experience conducting high profile litigation and mediation. Monica is passionate about applying her knowledge and skills to favourably resolving complex and often delicate issues, and she does this with determination, compassion and strategic reasoning. Monica's areas of expertise include: wills and estate planning, contested probate litigation, family provision litigation, probate and estate administration, other estate and equity litigation, trusts and trust litigation, enduring powers of attorney, enduring guardianships; and protective jurisdiction advice and litigaiton. Monica holds a Masters of Laws from Sydney University, and is a current member of the International Society of Trust and Estate Practitioners (STEP).
Lisa To is an Executive Lawyer (Partner) in the Private Clients Team at Bartier Perry Lawyers and has over 15 years' experience specialising in federal and state taxation, superannuation, trusts, estate planning and business succession planning. She is a SMSF Specialist Advisor T with the SMSF Association and a Chartered Taxation Advisor T (CTA) with the Taxation Institute of Australia. Lisa holds a double degree in law and accounting and Masters of Tax from the University of Sydney. Lisa sits on the NSW Law Society and Revenue NSW liaison committee and is actively involved with SMSF, tax education and promoting women leadership. She has significant experience in property development and business transactions involving SMSFs, trust structures and borrowing arrangements. Lisa manages all stages of tax and SMSF disputes, reviews, audits, objections, SMSF specific advice and private ruling applications with the ATO including seeking Commissioner discretion.
Andrew Yee is a Director in the Wealth Management Division of HLB Mann Judd. He has over 15 years' experience in the area of superannuation. This experience includes carrying out audits on APRA regulated funds and SMSFs, He also provides advice to high net wealth investors on taxation and superannuation planning and resolving disputes with the ATO. Andrew has also worked at the Australian Taxation Office where he was heavily involved in the audit and compliance of SMSFs. He is a registered SMSF auditor and sits on the ATO's SMSF Approved Auditor Working Group. He is also a member of CPA Australia and the SMSF Association and holds a Bachelor of Economics and a Master of Taxation.
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