SUPERANNUATION DAY - The Tax Institute
SUPERANNUATION DAY 6 Structured CPD hours Superannuation Day THURSDAY 18 JUNE 2015 CITY WEST RECEPTIONS 45 PLAISTOWE MEWS, WEST PERTH 9.00am – 4.30pm (registration from 8.30am) Practitioners frequently face a difficult task when advising clients on SMSFs. Not only is the size of the SMSF sector continuing to experience strong growth, but also the sheer volume and complexity of the developments in this area are growing at a rapid pace. This full-day seminar will explore the latest changes at a practical and informative level and assist practitioners in understanding complex SMSF issues. The topics covered will assist you in identifying the different tax and compliance issues related to SMSFs that your clients are facing and provide you with the relevant tools to help you successfully deal with these issues. Learning Outcomes Receive an overview of the latest developments Understand the practicalities of borrowing in superannuation Learn about the opportunities and pitfalls of insurance within SMSFs Advise clients effectively on the management of the pension-phase of their superannuation Consider the issues and strategies with respect to property and superannuation Identify the control risks within superannuation, from an estate planning perspective Who should attend? Proudly supported by: This seminar has been designed specifically for practitioners in the area of SMSFs such as accountants, lawyers and financial planners. The presenters will focus their presentations mainly on recent legislative and regulatory developments and the latest planning opportunities for clients. Therefore, this seminar should not be missed by anyone involved in providing advice for SMSFs. Presenters Greg Bentley, CTA, Opulen Accounting & Superannuation Ron Doig, FTI, Munro Doig Con Gotsis, CTA, Pascoe Partners Jemma Sanderson, CTA, Cooper Partners Morgan Solomon, Bowen Buchbinder Vilensky Lawyers Katie Timms, RSM Bird Cameron SUPERANNUATION DAY Time Session Presenter 8.30am - 9.00am Registration 9.00am -10.00am Session 1: Regulatory Update This session will cover developments impacting SMSFs over the last year including: Budget announcements Latest ATO rulings and ID Income streams The removal of ‘the accountants exemption’ on July 2016 10.00am -10.15am Morning tea 10.15am -11.15am Session 2: Exploring the practicalities of super fund borrowing The title says it all, this session will cover the practical problems and solutions in the fast expanding area. Topics for discussion will include: How to deal with the banks Sign off letters Refinancing Improvements, the do’s and don’ts Acquisitions from related parties Buying off the plan, using it to your advantage Tenants, and what they can do Ron Doig, FTI Munro Doig 11.15am -12.15pm Session 3: Property and Superannuation With the increased ability to invest directly in property since 2007 when the borrowing rules were introduced, more and more Australians are indulging their love of bricks and mortar within their SMSF. This session will outline the tips and traps to consider when investing in property in an SMSF, as well as alternative structures available. Jemma Sanderson, CTA Cooper Partners 12.15pm -1.15pm Lunch 1.15pm - 2.15pm Session 4: SMSFs & Insurance: A forgotten opportunity or just a headache? Since 1 July 2014, the rules surrounding insurances held in SMSF have been changed drastically and for many has limited the opportunities for planning for the future. So what exactly are the rules now? What opportunities are still open to advisers? This session will include: A review of the tax implications of insurance in SMSFs An update on the current insurance rules A case study showing the current planning opportunities available Katie Timms RSM Bird Cameron 2.15pm - 3.15pm Session 5: Maintaining Control: Super and Succession Ensuring proper and accurate control of trust assets, most commonly Superannuation and Family Trusts, is a critical part of estate planning and succession. Failure to take adequate steps to maintain control can result in complete succession failure and the assets falling to unintended beneficiaries. This session will explore the following: Recent cases and examples that highlight the essential concepts that must be considered in succession planning The consequences of not adequately dealing with succession planning The concept of control of assets and how it relates to holistic and successful estate planning Morgan Solomon Bowen Buchbinder Vilensky Lawyers 3.15pm - 3.30pm Afternoon Tea 3.30pm - 4.30pm Session 6: Entering the Pension Phase of Superannuation Recent statistics indicate that 46% of SMSFs are currently paying pensions. With the population in Australia aging, more and more super fund members will enter the draw down phase and commence pensions from their Super. This session will provide guidance on: Pension strategies to consider in transitioning to retirement Tips and traps when starting pensions and how to avoid the pit falls Commencing a pension under the age of 60 – is it actually worthwhile? Greg Bentley, CTA Opulen Accounting & Superannuation Con Gotsis, CTA Pascoe Partners SUPERANNUATION DAY PRESENTER PROFILES Greg Bentley, CTA, has been working in the area of superannuation for over 16 years for some of Australia's leading superannuation accounting firms. He is the Director of Opulen Accounting and Superannuation, a specialist chartered accounting firm that provides administration, compliance and auditing services to a range of superannuation clients, accounting firms and financial planners. Greg is a regular public speaker on superannuation issues for The Tax Institute and SMSF Association. He is a SMSF Association Specialist Advisor and Specialist Auditor, Chartered Tax Adviser and a Chartered Accountant and a previous winner of the SMSF Association CEO Scholarship Award. Ron Doig, FTI, practices in superannuation, taxation and related areas such as estate planning and business and asset structuring. He advises a wide range of clients including the accounting profession and other consultants to the business community, and the financial services industry. Ron is a director of the West Perth firm Munro Doig. Con Gotsis, CTA, is the partner in charge of Pascoe Partners' self-managed superannuation fund division and is the Director and Responsible Manager of the firm's AFSL company Western Advisory, a Professional Practice of the Financial Planning Association of Australia. Pascoe Partners is the largest independent CPA firm in Western Australia providing taxation, superannuation, and estate planning advice to over 2,500 client groups and 750 SMSFs. Pascoe Partners also attend to the independent audit of over 850 SMSF's. Con has been a CPA for 20 years and has a Masters of Taxation from Curtin University. Con is a Tax Institute Chartered Tax Advisor and a SPAA accredited SMSF Specialist Advisor and Auditor. Con also holds a Diploma of Financial Services (FP) and has been accredited by CPA Australia as a financial planning specialist and is an Affiliate of the Financial Planning Association of Australia. Con provides all forms of taxation and financial planning advice including superannuation, retirement planning, investment, risk management and estate planning to clients of the practice. Morgan Solomon heads up the Wills and Estates team at Bowen Buchbinder Vilensky and has been a partner there since 2007. He has particular interest in Wills and complex Estate Planning, Contested Estates, Contentious Probate and Administration matters. He is a member of the Society of Trust and Estate Practitioners and is the author of the Lexis Nexis practical guides on non-contentious probate, administration and Wills in WA. His Estate work is also informed by a very broad range of commercial, business, property and litigation law experience. Morgan's family is well known in the legal profession and he is a third generation Perth lawyer. Jemma Sanderson, CTA, is a Director at Cooper Partners Financial Services, heading up their SMSF specialist services. Jemma provides strategic advice on SMSFs, estate planning and wealth management to clients, as well as technical support to accounting, legal and financial planning groups. Jemma has over 14 years’ experience in developing complex strategies for high net worth clients. Jemma has a Bachelor of Commerce from the University of Western Australia, and is a Certified Financial Planner, a Specialist Member of the SMSF Association, a Chartered Tax Adviser and Trusts and Estate Practitioner. Jemma is a regular presenter on superannuation and SMSFs for The Tax Institute and other professional bodies across Australia. Jemma is the author of the popular SMSF Guide published by The Tax Institute, currently in its 6th edition, and is the author and convenor of the Taxation Institute's Graduated Diploma in Applied Tax Law Advanced Superannuation Unit. She is also the current chair of The Tax Institutes WA State Council. Katie Timms, has been with RSM Bird Cameron since 2005 and has specialised in superannuation since commencing work as an accountant in 2000. She has significant experience in all areas of SMSFs, including administration and compliance, asset acquisition and tax saving strategies, structural assistance and estate planning. Katie provides advice and assistance to Trustees, accountants and financial advisors, and heads up the national RSM Bird Cameron Superannuation committee. Katie provides regular technical updates for the Institute of Public Accountants, and has presented for the Tax Institute of Australia, Legalwise and TV Ed. She has been published in the Australian Financial Review, the West Australian and Farm Weekly. Materials option The Tax Institute understands the impact that an event of this nature has on the environment, especially when printing delegate materials. The delegate registration fee includes PowerPoint presentations and Technical papers which will be available for all participating delegates to download via The Tax Institute’s eCommunities web page. An email notifying delegates of how to access eCommunities will be sent to all registrants in the week prior to the event. Superannuation Day – Thursday 18 June 2015 6150601M1WD Please register me for the Superannuation Day Standard registration Group discount 1* (2 attendees) Group discount 2** (3+ attendees) Regional (>150kms) Member $595 Member $555 Member $475 Member $475 Non Member $795 Non Member $755 Non Member $636 Non Member $636 For event enquiries, please contact Catherine Bower on 08 9322 2004 or email catherinebower@taxinstitute.com.au. * Group discount 1: Receive a $40 discount on the registration fee when two attendees register from the same firm at the same time. ** Group discount 2: Receive 20% discount on the registration fee when three or more register from the same firm at the same time. Registration forms must be received at the same time to be eligible for the discounts. 6 CPD hours have been allocated to this event. CPD hours will be allocated to the designated attendee. Dietary Requirements: __________________________________________________________________________ Date of issue: May 2015
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