15 th Annual Superannuation Intensive

Transcription

1 1 DAY EVENT 15 th Annual Superannuation Intensive 7 CPD hours Outline The recent superannuation reforms were comprehensive and far reaching, particularly for SMSF members with larger balances. Since the reforms came into effect on 1 July 2017 we have witnessed an increase in demand from clients needing advice on how their funds can best deal with the superannuation changes. The Tax Institute s 15th Superannuation Intensive conference will cover the key issues in the post superannuation reform environment and the practical implications of the changes for both pensions and accumulation interests. With an impressive panel of industry experts analysing the changes and offering possible solutions and strategies, this conference is a must-attend for practitioners in the SMSF space. Who should attend? This seminar has been designed specifically for practitioners in the area of SMSFs such as accountants, auditors, lawyers and financial planners. Wednesday, 21 March 2018 Time: 8.30am 5.30pm Venue: Sheraton On The Park Level 1, 161 Elizabeth Street, Sydney NSW 2000 CPD proficiency level: Proficient Topics Contribution Strategies Reshaping pension strategies for the new world The post superannuation reform environment a regulators perspective CGT relief - what you need to know for lodging your 2017 SMSF tax returns Audit Risks considerations for 2017 audits The key interpretative issues arising from the superannuation reforms an ATO perspective Superannuation and Estate Planning Save time, register online taxinstitute.com.au Presenters Belinda Aisbett Alex Affleck Nidal Danoun, CTA Craig Day Philip La Greca Kasey Macfarlane Leigh Mansell Darren Wynen Super Sphere Pty Ltd Australian Taxation Office Prosperity Financial Solutions Colonial First State SuperConcepts Australian Taxation Office Heffron SMSF Solutions Insyt Pty Ltd 1

2 Technical Program Time Session Presenter 8.00am 8.25am Registration 8.25am 8.30am Welcome and Opening Address Nidal Danoun, CTA Prosperity Financial Services 8.30am 9.30am Session 1: Contribution strategies While most of the recent focus has been on the introduction of the Transfer Balance Cap of $1.6 million, it will become even more critical to ensure that client s use the opportunities available to make contributions to achieve this level of accrued superannuation balance. We will examine how the new contribution limits & rules work and the strategies that may be implemented to maximise clients superannuation balances. A focus will be how the non-concessional contribution limits interact with Total Super Balances as well as the expanded ability for individuals to claim personal deductions from concessional contributions. Philip La Greca SuperConcepts 9.30am 10.30am 10.30am 11.00am 11.00am 12.00pm Session 2: Reshaping pension strategies for the new world Currently we have a limit on the amount that can be transferred into retirement pension phase, and a tax exemption on investment income that only applies to retirement phase pensions. Given these substantial changes to pensions, coupled with all the other 2017 superannuation reforms, what new pension strategies have emerged to enable SMSF members to make best use of the new superannuation world? For Transition to Retirement Income Streams (TRIS), now that the tax benefit has been removed: What other benefits can you derive from having one in place? What should you be mindful of? What about retirement phase pensions? Are they now set and forget, or are there actions that can be taken to ensure SMSF members optimise the amount they hold in tax free retirement pension phase? When will it be attractive to restructure a member s retirement phase pensions in the future? Morning Tea Session 3: The post superannuation reform environment a regulator s perspective This session will address the regulatory approach to SMSFs and advice related to SMSFs, particularly post the superannuation reform and the removal of the accountants exemption, including: The ATO s approach to compliance with the superannuation changes, including the key areas that the ATO will be monitoring. What are the emerging compliance / practical issues that the ATO has already seen arising from the superannuation changes? What are the key upcoming compliance and practical considerations for SMSFs in the coming months now that it is almost 12 months since the 2016 budget measures came into operation? The implementation of event-based reporting in the SMSF sector; including online access for individuals and their advisers to ATO information and services about their superannuation accounts. SMSF services and the AFS licensing regime Leigh Mansell Heffron SMSF Solutions Kasey Macfarlane Australian Taxation Office Moderator: Nidal Danoun, CTA Prosperity Financial Services 2

3 Technical Program Time Session Presenter 12.00pm 1.00pm 1.00pm 2.00pm 2.00pm 3.00pm 3.00pm 3.30pm 3.30pm 4.30pm Session 4: CGT relief - what you need to know for lodging your 2017 SMSF tax returns This session addresses key practical issues related to the CGT relief impacting certain SMSFs and highlights examples and suggestions on how to deal with the CGT relief in different client circumstances and scenarios. The session covers the following: How does the CGT relief apply to segregated and unsegregated assets? What are the latest ATO views on the CGT relief? What are the key issues with the CGT relief for SMSFs that invest in structures? How do the cost base reset rules affect SMSFs from 1 July 2017? Lunch Session 5: Audit risks considerations for 2017 audits The session will cover the practical implications of the numerous superannuation changes on auditing SMSFs. The session will cover the following: Asset valuation risks Cost base relief risks Changes to the auditing standards for 2017 LRBA safe harbour considerations and risks Afternoon Tea Session 6: The key interpretative issues arising from the superannuation reforms an ATO perspective This session covers from the ATO s perspective, the topical technical issues arising from the superannuation reforms, including those in relation to: The transfer balance cap; The total superannuation balance; The changes to the taxation of Transition to Retirement Income Streams (TRIS) Further issues that might be on the horizon Darren Wynen Insyt Pty Ltd Belinda Aisbett Super Sphere Pty Ltd Alex Affleck Australian Taxation Office 4.30pm 5.30pm 5.30pm Session 7: Superannuation and Estate Planning This session will examine the impact of the most recent superannuation reforms on superannuation and estate planning and will include a case study to flesh out implications and planning opportunities related to: changes to cashing rule requirement abolition of prescribed period anti-detriment changes introduction of transfer balance cap implications strategies to implement prior to death after death death benefit pension strategies Event Close Craig Day Colonial First State 3

4 Presenter profiles Lead by tax practioners for tax professionals Belinda Aisbett is the Director of Super Sphere Pty Ltd, a specialist self-managed superannuation company, where she is responsible for providing audit, consulting and training services in relation to SMSFs. Belinda established Super Sphere in 2003 to specialise in SMSF auditing and audit-related services, and is responsible for auditing around 1,000 funds per year. This is in addition to providing an SMSF audit tool kit to other auditing professionals and undertaking numerous training engagements each year. Belinda is a member of the ICAA, and holds a Bachelor of Business (Accounting). Alex Affleck Australian Taxation Office, joined the ATO in In 2016, Alex was appointed as an Assistant Commissioner in the Tax Counsel Network (TCN) focussing on superannuation. Prior to that, he was a Tax Counsel in TCN specialising in indirect taxes. He has been involved in the development of public rulings litigation, as well as providing input into taxation law design. Nidal Danoun, CTA, is the Principal Director of Prosperity Financial Services (PFS Consultancy). Nidal provides advice to financial institutions and professionals in the areas of advice assessment, financial services regulatory compliance and practice management. Nidal also works closely with the regulators in this space, including working as a subject matter expert advising on issues related to quality of advice, enforceable undertakings and licensing and accreditation of financial advisers. Nidal holds a Master of Commerce, he is a Chartered Accountant, a Fellow CPA Financial Planning Specialist, Certified Financial Planner, and a member of the CFA Institute. Craig Day is the Executive Manager of Colonial First State s technical services team, FirstTech, and has over 19 years experience in the financial services industry. In his role Craig is responsible for providing specialist technical support to the Commonwealth Bank of Australia s investment, superannuation and advice businesses and to act as a media spokesman for Colonial First State on superannuation and retirement planning issues. Phil La Greca, SuperConcepts, an accomplished SMSF technical expert and is a sought-after media commentator on SMSF technical issues. He has over 30 years experience working in specialist administration, technical and compliance roles with a variety of organisations, including AM Corporation and William Mercer. Kasey Macfarlane, Australian Taxation Office, is the ATO s Assistant Commissioner responsible for selfmanaged superannuation funds. Prior to joining the ATO in 1999 Kasey worked as a chartered accountant in both a big 4 and second tier accounting firm. During her time at the ATO Kasey has undertaken a number of technical leadership roles and her responsibilities across various tax products have included: Technical leadership and input into policy and law development; Leading the development of ATO public rulings and guidance products; Leading the management and resolution of tax related strategic litigation matters. Leigh Mansell is a Director, SMSF Technical & Education Services at Heffron SMSF Solutions, and she is intimately involved in developing the firm s range of products and services for clients (including technical and educational materials) and the provision of technical support to SMSF practitioners and their clients. She regularly delivers presentations to SMSF practitioners around Australia and one of Leigh s greatest attributes is her ability to make complex concepts appear simple through the use of real life scenarios. Participants in previous training events have valued this practical approach highly. Darren Wynen is the founder of Insyt, a company that provides publications, and consulting services for accountants and financial advisers. Darren has been in the tax and accounting field for over 24 years and more specifically, in the training arena for the last 16 years. Darren originally worked for the NTAA for 10 years and also as a writer and trainer for TaxBanter Pty Ltd. He also assists with writing and reviewing technical materials for the SMSF Association, including the Association s Trustee Knowledge Centre, SSA program and adviser case studies. 4

5 15 th Annual Superannuation Intensive Registration form 15th Annual Superannuation Intensive WD A tax invoice and confirmation letter will be sent on receipt of your registration. Please photocopy for additional delegates and retain original copy for your records. All prices quoted are in Australian dollars and include GST where applicable. ABN Registration Please select your registration type: Full registration Member $595 Non-member $745 New member $915 Group registration Member* $476 Non-member* $595 *Receive the group registration rate when you register three or more delegates to attend this event from the same company at the same time. Special Offer - add SMSF Guide 8th Edition and save 20% - Campaign Code: SMSF Intensive Online subscription Member $192 (usually $240) Non-member* $212 (usually $265) For event enquiries, please contact Cherish Renshaw on or cherishrenshaw@taxinstitute.com.au For registration enquiries, please contact our registration team eventregistrations@taxinstitute.com.au 2 Delegate contact details If your member details are up-to-date, you can skip this section Member no.: Title: Mr Mrs Miss Ms Other (please specify) Date of birth: DD/MM/YYYY First name: Position: Last name: Company: Address: Suburb: State: Postcode: Telephone: Mobile: 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. 3 Payment method Cheque payable to The Tax Institute (in Australian dollars) Credit card $ Card type: AMEX Visa MasterCard Diners Expiry date: MM/ Y Y Name on card: Card no.: Cardholder s signature: 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 conference. 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. Collection notice The Tax Institute (TTI) complies with its obligations under the Privacy Act 1988 (Cth) with respect to how it handles personal information. TTI collects, uses, holds and discloses your personal information (including sensitive information, such as health information) for a range of purposes, such as administrative purposes relating to membership of TTI and TTI s courses (including assessment of eligibility and providing courses), compliance with Government and statutory requirements, provision of information relating to TTI s services and member benefits and to conduct market research. If you do not provide the personal information requested by TTI, it may not be able to provide its services to you, such as assessment of your course enrolment application. TTI does not disclose criminal record information to third parties. TTI usually discloses your personal information to entities such as your sponsoring employer (with respect to your course records and results), The Tax Practitioners Board, TTI s business partners for marketing purposes, IT companies and other companies who provide administrative and other services to TTI and government bodies, such as the Tertiary Education and Quality Standards Agency. TTI may disclose personal information to overseas recipients in countries such as the United States of America and India. For further information on how TTI collects, uses, holds and discloses personal information, please see its privacy policy at The Privacy Policy also contains information on how to request access to or correction of your personal information and how to make a complaint about a breach of privacy. By submitting your application to TTI, you confirm that you have read TTIs Privacy Policy and you consent to your personal information being collected, used and held by TTI and disclosed to third parties as set out in this notice and in accordance with TTI s Privacy Policy. If you do not want your personal information to be used by TTI or disclosed to third parties, for the purpose of direct marketing, please contact us in writing at membership@taxinstitute.com.au. 0147NSW_12/17 TO REGISTER Online taxinstitute.com.au Mail GPO Box 1694 Sydney, NSW eventregistrations@taxinstitute.com.au Fax