WA SUPERANNUATION INTENSIVE March 2017 Crown Perth. taxinstitute.com.au

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1 WA SUPERANNUATION INTENSIVE March 2017 Crown Perth taxinstitute.com.au

2 WELCOME 2017 WA Superannuation Intensive 2017 is ramping up to be the year of superannuation. What an exciting and dynamic time to practise in this space. With major reform packages announced and a raft of brand new laws kicking in on 1 July 2017, you and your SMSF clients will be the first to be hit with the Government s new measures. With so many changes happening, The Western Australia Superannuation Intensive 1.5 day event has come at just the right time. It s a must-attend event for all those who have SMSF clients. Hosted by a panel of industry experts, you will hear about the latest changes, issues and strategies to navigate you through unchartered waters. Expect to gain clarity and certainty in what is now an even more complicated superannuation system! This seminar has been designed specifically for practitioners in the area of SMSFs such as accountants, auditors, lawyers and financial planners. The Tax Institute gratefully acknowledges the generous assistance of members of the Superannuation Intensive planning committee: Con Gotsis, CTA, Pascoe Partners Accountants (Chair) Greg Bentley, CTA, Opulen Accounting and Superannuation Janene Bon, HHG Legal Group Bruce Cooper, Perpetual Roger Crotty, CTA, KPMG Jemma Sanderson, CTA, Cooper Partners Katie Timms, RSM Australia TECHNICAL PROGRAM Event summary Day one Thursday, 30 March 2017 Time Topic 8.30am 9.00am Registration 9.00am 10.00am The Future of Superannuation Advice Chair: Jemma Sanderson, CTA, Cooper Partners Panellists: Bruce Cooper, Perpetual, Mark Hill, CTA, Indian Ocean Group, Jamie Kelly, Compliance, Locum Financial Planning and Training Services, and Iggy Moro, CTA, Walker Wayland Since the accountant s exemption was removed 9 months ago, the different options for fully servicing clients has changed. This session will provide an update and insight from professionals on how they are dealing with providing superannuation advice in their practices am 10.20am Morning tea 10.20am 12.20pm Contributing to Super Workshop Speaker: Liz Westover, PwC Following on from 2016/2017 Budget announcements and subsequent introduction of law, a looming deadline is approaching for taking advantage of the current superannuation contribution rules before changes apply from 1 July, In this session Liz will outline the new provisions through various case study scenarios and take you through the opportunities available for clients in 2016/2017 and beyond under the new rules. 2 - THE TAX INSTITUTE WA Superannuation Intensive

3 TECHNICAL PROGRAM Event summary Day one Thursday, 30 March 2017 (cont) Time 12.20pm 1.00pm 1.00pm 2.00pm 2.00pm 3.00pm 3.00pm 3.20pm 3.20pm 4.50pm 4.50pm 5.30pm Topic Lunch PCG 2016/5 Limited Recourse Borrowing Speaker: Katie Timms, RSM Australia Since the deadline for PCG 2016/5 has passed, LRBAs with related party lenders need to fall within the ATO guildance or risk NALI. In this session Katie will outline: The factors that related party LRBAs need to cover off on to prevent the incurrence of NALI How to deal with arrangements that don t satisfy PCG 2016/5 Considering whether an arrangement needs to satisfy the PCG if it is commensurate with an arm s length arrangement LRBAs going forward - how are the banks dealing with these arrangements, are they still worthwhile? SMSF Audits: Critical Issues to Consider Speaker: Greg Bentley, CTA, Opulen Accounting and Superannuation With recent changes to superannuation legislation coming into effect on 1 July and the ATO increasing their level of scrutiny on related party transactions, particularly LRBA, practitioners will face new audit challenges in the 2017 financial year. In this session, Greg will provide a practical overview of the following critical issues; Understanding the auditors obligations Investment valuation issues common issues detected and what to do prior to 30 June 2017 Audit impacts on Limited Recourse Borrowing Arrangements with the release of PCG 2016/5 Audits issues regarding related party transactions Afternoon tea Estate Planning and Superannuation Workshop Speakers: Daniel Fry, CTA, EY Law & Jemma Sanderson, CTA, Cooper Partners Estate Planning in the superannuation context has always been an incredibly important component of overall estate planning for clients. Since the introduction of the Sustainable Superannuation provisions it has become even more important to review your client s superannuation as part of their estate planning, and the tax effective transfer of wealth to the next generation. In this session Daniel and Jemma will provide various scenarios to consider and some optimal estate planning outcomes. Sundowner Networking Reception Day two Friday, 31 March 2017 Time 9.00am 10.30am 10.30am 10.45am 10.45am 12.45pm 12.45pm Topic Property & SMSF Masterclass Speaker: Con Gotsis, CTA, Pascoe Partners Accountants With property in an SMSF comes many complex tax issues that need to be considered. In this session Con will outline various strategies for funds to acquire property, including the use of unit trust structures, considering in-house asset issues, stamp duty, GST, CGT, as well as the limitation of segregation of assets going forward. Morning tea Pensions Workshop Speaker: Jemma Sanderson, CTA, Cooper Partners With the 30 June 2017 deadline approaching, it is imperative that our clients have reviewed their pensions and are ready to take action regarding their transfer balance cap. This session will provide a brief outline of the new rules, and take delegates through various scenarios for them to consider and apply to their clients. Close THE TAX INSTITUTE WA Superannuation Intensive - 3

4 PRESENTER PROFILES An overview of our experts Greg Bentley, CTA, has been working in the area of superannuation for over 19 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 SMSF Association Specialist Advisor and Specialist Auditor, Chartered Tax Adviser, Chartered Accountant, a previous winner of the SMSF Association CEO Scholarship Award and a regular speaker on a range of superannuation topics. Bruce Cooper is a senior adviser with Perpetual Private. He provides a high level of strategic and investment advice to clients tailored to their individual needs and goals. Before moving to Australia, Bruce had a successful career in London at UBS Wealth Management and Merrill Lynch Wealth Management where he provided investment and strategic advice to high net worth clients. In Australia, Bruce was an Executive Financial Adviser at Dixon Advisory prior to joining Perpetual. He specialises in using superannuation to help clients build towards their retirement in the most tax efficient manner and to manage their retirement assets. Daniel Fry, CTA, is a partner of EY Law specialising in the provision of legal and tax services to high net worth individuals and their related companies and trusts. He is a chartered accountant and solicitor who has over 20 years of experience in revenue law. He practises in all areas of tax and duty but has a particular focus on superannuation, estate planning, trusts, business structuring, capital gains tax and dealing with the ATO in relation to tax disputes. Daniel is also a Chartered Tax Adviser of the Taxation Institute and currently serves as a member of the state council for its WA division. Daniel was recently named in Doyle s Guide as one of the leading tax lawyers in WA and is a key member of the EY Law team in Perth that was recognised as the leading tax law firm in WA in Con Gotsis, CTA, is the Director in charge of Pascoe Partners Accountants self-managed superannuation fund division and is the Director and Responsible Manager of the firm s AFSL company Western Advisory. He has been a CPA for 20 years and has a Masters of Taxation from Curtin University. In addition he is a Tax Institute Chartered Tax Advisor and a SMSFA accredited 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 is a regular public speaker on superannuation issues for The Tax Institute and SMSF Association and a member of the Tax Institute Professional Development committee. Mark Hill, CTA, is a founding director in accountancy and advisory firm Indian Ocean Advisory Group with over 30 years experience in the accounting profession. Mark works closely with family and business groups providing specialist taxation and advisory services including taxation structuring, planning, accounting and business advice, asset protection and estate planning. Mark also specialises in the self-managed superannuation fund sector and provides advisory services to a large client base of self-managed superannuation funds. Mark s services include Superannuation Industry (Supervision) Act advisory and compliance issues, taxation reviews, tax audits, SMSF audit, retirement planning, estate planning and strategies regarding the implementation of retirement products. Jamie Kelly holds a Masters of Arts majoring in Funds Management from Macquarie University, Diploma in Financial Planning from Deakin University and is a Fellow of the FPA. Jamie held various positions with the Commonwealth Bank of Australia (including financial planning), before commencing with Mercantile Mutual in 1988 as Manager of Investment Products, in WA then NSW and the ACT. Jamie commenced with Challenger Financial Services Group in 2000 and held the roles of State Manager in NSW, National Sales Manger of Investment Products and Manager of a range Managed Investment products. Jamie has extensive experience in both the retail funds management and risk insurance and is also a member of ASIC s Industry Consultative Financial Service and Credit committee and the Course Technical Advisor for their Diploma and Certificate IV Financial Services and Mortgage Broking. Jamie has over 40 years experience in financial services industry holding a number of senior executive positions, covering areas from Financial Planning, Sales, Product Design, Funds Management and Compliance & Risk Management. Since returning to Western Australia in 2004, Jamie is in high demand as a consultant to the financial services industry. He is also a director of a small financial planning and broking firm as well as a director of a private investment company. Iggy Moro, CTA, is a Fellow of Chartered Accountants Australia and New Zealand (CAANZ), a CA SMSF Specialist and a Director with Walker Wayland WA. Iggy has been in public practice since 1992 and advises clients in tax, business advisory and SMSF. He assists clients achieve their business, financial and personal goals from start-ups, SMEs and multi-national businesses from a wide range of industries. He has recently completed his Diploma of Financial Planning through CAANZ and Kaplan. Iggy is the Walker Wayland Australasia National Chair of the Superannuation Specialist Group. He has also been a Focus Session Facilitator and Exam Marker for the CAANZ CA Program as well as workshop facilitator for Tax at UWA Business School. He is also a CAANZ committee member of the WA Public Practice Advisory Committee and the National Superannuation Advisory Committee. 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 15 years experience in developing complex strategies for high net worth clients. 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 7th edition, and is the author and convenor of The Tax Institute s Graduate Diploma of Applied Tax Law Advanced Superannuation unit. Katie Timms has been with RSM Australia since 2005 and has specialised in superannuation since commencing work as an accountant in 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. Katie has presented for The Tax Institute, CA, Institute of Public Accountants and TV Ed. She has been published in the Australian Financial Review, the West Australian and Farm Weekly. Liz Westover is a Director in the Private Clients division of PricewaterhouseCoopers, providing advice and technical support for the firm and its clients on superannuation and related tax matters. She has extensive experience in superannuation, regularly liaising and consulting with Government, regulators and stakeholders on technical, legislative and policy matters. Liz has strong capabilities on the technical application of superannuation and associated tax laws. She is a regular commentator on superannuation issues with mainstream and social media and has authored blogs and articles on superannuation and related matters for many years. She is a Fellow Chartered Accountant and a CA SMSF specialist. Pitched at practitioners who continue to build their expertise in tax as well as experienced tax practitioners who are well established in their career. These sessions provide technical information combined with practical insights to help practitioners build an in-depth understanding of the topic. The sessions will also drill into the detail and provide high-level practical insight enabling practitioners to apply their tax knowledge to increasingly specialised situations. 4 - THE TAX INSTITUTE WA Superannuation Intensive

5 REGISTRATION FORM Please photocopy the blank form for additional delegates. All prices quoted include GST. ABN Register Online or Save time, register online at taxinstitute.com.au or taxinstitute.com.au Mail GPO Box 1694 Sydney, NSW 2001 Fax PLEASE PRINT IN BLOCK LETTERS Superannuation Intensive March 2017 Crown Perth /WD Delegate contact details Title: (Dr/Mr/Mrs/Miss/Ms/Other) Company: First name: Last name: Member no: Postal address: Position: Tel: Mobile: State: Suburb: Postcode: Fax: Please tick this box if you do not wish your name to be included on the delegate list provided to all attendees for networking purposes. Registration Early Bird Registration (on or before 3 March 2017) Member Non member New member*** Full Registration $995 $1145 $1295 Group Discount 1* (2 attendees) $925 $1075 $1225 Group Discount 2** (3 + Attendees) $796 $916 $1096 Standard Registration (after 3 March 2017) Full Registration $1045 $1195 $1345 Group Discount 1* (2 attendees) $975 $1125 $1275 Group Discount 2** (3+ Attendees) $836 $956 $1136 Networking Reception Yes, I will attend No, I am unable to attend Day Registration Member Non member New member*** Thursday only $695 $795 $995 Friday only $450 $550 $750 Additional Sundowner Networking Reception Ticket: $35 (not included in single day registrations) Delegate Materials I acknowledge that I will receive electronic access to the available papers and presentations through The Tax Institute CPD app. I would like to purchase a hard copy of the available technical papers and PowerPoints add $50 (refer to printed materials on the registration form) Dietary requirements: Date of issue: 10 February 2017 (*Please read and sign below) ***SPECIAL NEW MEMBER OFFER For an additional $300 on the member rate become a member of The Tax Institute. New member introductory rate will run to 30 June 2017 at the Affiliate level. Please read and sign below to take up membership. I hereby apply for membership of The Tax Institute. I declare I am a person of good fame, integrity and character and agree to be bound by the Constitution of The Tax Institute. For more information on membership, visit www. taxinstitute.com.au. Please read and sign below to take up membership. Declaration I hereby apply for membership of The Tax Institute. I declare I am a person of good fame, integrity and character and agree to be bound by the Constitution of the Tax Institute. For more information on membership visit taxinstitute.com.au. *Signature: Date:

6 Payment details summary Delegate registration fee $ Printed delegate folders (add $50) $ Additional networking reception ticket(s) x (add $35 per person) $ Total payable $ Payment method Please note: All registration payments must be made prior to the event, unless other arrangements have been made with The Tax Institute. I enclose a cheque* for $ *Please make cheque payable to The Tax Institute in Australian dollars. Please charge my credit card $ Card type: AMEX Visa MasterCard Diners Expiry date: Cardholder s signature: Cardholder s name: Card no. / / / Further information Registration options Full Intensive registration Registration includes: Participation in the full technical program Online access to technical papers prior to the intensive through The Tax Institute CPD app Lunch and refreshment breaks on Thursday and refreshment breaks on Friday Sundowner Networking Reception on Thursday, 30 March 2017 Day registrations Thursday registration includes: Participation in full technical program on Thursday Online access to technical papers prior to the intensive through The Tax Institute CPD app Lunch and refreshment breaks on Thursday The networking event is not included in day only registrations, however, tickets can be purchased for $35 each Friday registration includes: Participation in full technical program on Friday Online access to technical papers prior to the intensive through The Tax Institute CPD app Morning tea and refreshments on Friday Group Discount *$70 discount applies when 2 attendees from the same firm register for the full event at the same time. Not valid with any other offer. **20% discount applies when 3 or more attendees from the same firm register for the full event at the same time. Not valid with any other offer. The 2017 Superannuation Intensive CPD App The app will be accessible for delegates to download all available presenter materials and event information approximately one week prior to the event. The app will contain session and presenter information, delegate list, sponsor offers and other relevant event information. Printed materials Printed materials are not included in your registration. A delegate folder with all available materials (technical papers and slides) can be purchased at a cost of $50. These must be purchased and paid for in conjunction with your registration. Please note there will be no additional folders available for purchase at the event. Venue & Parking The event will be held in the studios on level 2 at the Crown Convention Centre. Free parking is available at Crown Perth in allocated carparks. Alteration and cancellation policy The Tax Institute reserves the right to alter, amend or cancel all or any of the arrangements contained in the program. It is a condition of acceptance of registration that an administration fee of 20% of the registration fee will be charged for cancellation. No refund will be given for cancellations received within five working days of the event. A replacement may be nominated. If the replacement is not a member, the non-member registration fee will apply. CPD hours will be allocated to the designated attendee. SMSF Association CPD Accredited This event is accredited by the SMSF Association for CPD hours. For event enquiries, please contact Destelle Taylor on or destelletaylor@taxinstitute.com.au. Replacements Please note: Registrations for the event are not interchangeable, but replacements are acceptable. Please notify us at least two days prior if you intend on sending a replacement. CPD hours will be allocated to the designated attendee. If the replacement is not a member, the non-member registration fee will apply. Cancellations The Tax Institute must receive cancellations in writing five working days prior to the event. No refund will be given for cancellations received within five working days of the event. A replacement may be nominated. Further details on The Tax Institute s cancellation policy can be found at taxinstitute.com.au. Marketing and Business Alliance Partner exclusions I no longer wish to provide my contact details to The Tax Institute s contracted business partners. I no longer wish to receive marketing correspondence from The Tax Institute. 0108WA_02/17 We take your privacy seriously. Our policy can be viewed at taxinstitute.com.au/go/footer/privacy.