2017 South Australian Tax Intensive October 2017 Adelaide Oval. taxinstitute.com.au

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1 2017 South Australian Tax Intensive October 2017 Adelaide Oval taxinstitute.com.au

2 Invitation 2017 South Australian Tax Intensive I invite you to join South Australia s preeminent tax advisors and emerging leaders at this year s Tax Intensive to be held at the Adelaide Oval on October 19 and 20. The Tax Intensive remains one of SA s best renowned Tax Technical events with small, highly interactive discussion groups working through practical case studies with support from local tax experts. It s a unique forum that will provide you the opportunity to expand and hone your technical knowledge and advisory skills to further prepare you to expertly handle the most complex of client cases. We return to the Adelaide Oval this year following the great success of holding the event here for the first time in The city location and flexible employer ticket option opened the event to a wider audience, with the added benefit of avoiding accommodation costs and additional time out of the office. There ll be plenty of opportunity for networking too with the Member s Annual Dinner to be held in the Oval s stunning Cathedral Room. It s a great way to unwind with new and old colleagues. This year we ll be entertained and kept up to date on all things Ashes cricket by former Aussie paceman, now commentator Rodney Hogg. Opinionated and charismatic, Hoggy will be sure to deliver. Most importantly, I sincerely thank the organising Committee and presenters for committing their time and expertise to deliver what promises to be an excellent program. I look forward to seeing you at The Oval in October. Neil Oakes, CTA Chair, 2017 Tax Intensive Organising Committee Thank you The Tax Institute gratefully acknowledges the generous assistance of members of the 2017 SA Tax Intensive organising committee. Lisa Pritchard, CTA, Holman Hodge Tom Pledge, FTI, Crawford Legal Early bird offer Register on or before Friday 15 September 2017 to SAVE! Proudly partnered by: 2 - THE TAX INSTITUTE South Australian Tax Intensive

3 Technical Program Event summary Day One Thursday 19 October 2017 Time 3.00pm 3.25pm 3.30pm 6.30pm 6.30pm 7.00pm Session Registration Welcome and Opening Address by Chair, Neil Oakes, CTA Perks Session 1: Demystifying Div7A - issues arising from common structures and strategies to deal with them This session will provide an in-depth analysis and discussion around the application of Division 7A with an eye to not only the tax implications, but also to the preparation of financial statements to reflect various Division 7A treatments. Whilst most of us know what to look for and generally how to manage Division 7A with regards to private company payments and loans, this session will look at the implications when Division 7A applies or when Division 7A should have applied in the past. In particular, this session will consider: What to do for tax and accounting purposes when a dividend has been deemed Dealing with a residual loan Whether a loan agreement is always the best option Potential outcomes/issues when someone passes away Recent cases and war stories. Pre-dinner drinks Workshop Leader: Nicole Peterson, CTA PKF Adelaide Workshop Facilitators: Michael Butler, CTA Finlaysons Lisa Pritchard, CTA Holman Hodge Mary-Anne Sotiropoulos, ATI Finlaysons 7.00pm 11.00pm Member s annual dinner Day two Friday 20 October 2017 Time 9.00am 12.00pm 12.00pm 1.00pm 1.00pm 4.00pm 4.00pm Session Session 2: Super Reforms and Estate Planning Recent changes to superannuation are the most significant in a decade. These changes give rise to new issues and strategies. They also create significant new compliance and administrative burdens. Through the use of practical case studies this session will focus on the many teething issues and opportunities flowing from the changes, including: CGT relief considerations and risks Practical and timing requirements for claiming CGT relief How to comply with the new event based reporting regime Pension issues, including exceeding the minimum draw-down When is it appropriate to amend pension terms mid-stream and how is it done Considerations and methodologies for calculating the total superannuation balance for contributions purposes How you should be advising on superannuation death benefits post-changes What are the new requirements for auto-reversionary pensions. Lunch Session 3: Rewarding your employees - what are the alternatives and considerations from a SME perspective? Private companies often use equity incentive plans in lieu of cash remuneration to attract and retain key employees. However, equity plans can be complex to implement and operate, with legal, accounting and administrative implications to consider. This session will provide practical guidance to navigate through these issues to help you better understand whether an equity plan may be useful for your client or your client s company. In particular, this session will consider: Vanilla, premium priced and purchased option schemes Loan based share schemes Div 7A and Fringe Benefits Tax consequences Succession planning Recent start-up concessions. Event Close Presented by DMAW Lawyers Workshop Leader: Matthew Andruchowycz, CTA Workshop Facilitators: Daniel Jenkinson, ATI Suzanne Mackenzie, CTA Tasha Naige Presented by EY Workshop Leader: Ben Turner, FTI Workshop Facilitators: Leanne Thomas, CTA Craig Whiteman, CTA Claire van Malland THE TAX INSTITUTE South Australian Tax Intensive - 3

4 Presenter Profiles An overview of our experts Matthew Andruchowycz, CTA, is a Principal in the Business Transactions and Advice Practice at DMAW Lawyers. He is a taxation and superannuation specialist working primarily with accountants, business owners and high net wealth individuals on commercial transactions, advice and disputes. Michael Butler, CTA, is the Partner in charge of Finlaysons Tax & Revenue Group and advises domestic and foreign clients on federal, international and state tax matters. He has a special interest in mining and property taxation, corporate restructurings, international tax issues, and estate and succession planning. Michael is the Visiting Lecturer in Tax at the University of Adelaide Law School, and is a regular contributor to The Tax Institute events. Daniel Jenkinson, ATI, is a Principal at DMAW Lawyers, practising in corporate and commercial law, and has particular expertise in superannuation and financial services. Daniel regularly acts for trustees of APRA regulated funds, public sector funds, self-managed superannuation funds, accountants and other advisers in connection with all aspects of superannuation law. Suzanne Mackenzie, CTA, Suzanne is a founding Partner and Practice Leader at DMAW Lawyers in South Australia and has particular expertise in the financial services and superannuation industry having specialised in all aspects of superannuation law since she began practising over 25 years ago. She is the principal adviser to many large APRA-regulated and public sector superannuation funds and her practice is also involved in working with accountants, advisers and high net worth individuals in the area of self-managed superannuation funds, particularly in complex areas. Tasha Naige is a senior commercial lawyer at DMAW Lawyers who specialises in superannuation law. She advises on the full range of superannuation-related matters for both large funds and self-managed superannuation funds. Nicole Peterson, CTA, has worked at PKF Adelaide for fifteen years where she is involved with the various specialities PKF Adelaide provides. Early on Nicole developed a strong interest and now specialises in the areas of complex family structures and in particular the impacts of Division 7A, small business CGT concessions, structuring and compliance. In addition, Nicole has a keen interest in the Mining Sector and has been involved with the issues facing publicly listed companies including employee share schemes. Lisa Pritchard, CTA, is a Partner with Holman Hodge, advising on many levels of taxation and accounting, ranging from small start-up enterprises to reporting to boards of publicly listed corporations. Lisa now works predominantly on small to medium enterprises in the Adelaide market with a specific focus on tax planning, structuring, capital gains tax and compliance work for businesses across many industries. Mary-Anne Sotiropoulos, ATI, is a tax lawyer in the Finlaysons Tax & Revenue Group, predominantly working with SMEs and high-net worth individuals. Mary-Anne advises clients with regard to structuring and restructuring dealing with both their corporate and personal structures to meet their specific objectives; whether it be to keep things simple, avoid liability or use tax effective strategies to support operations and growth. Other areas of her practice include the application and consequences of income tax, capital gains tax, GST, stamp duty and land tax, as well as assisting SMEs seeking to expand their operations internationally (including China). Leanne Thomas, CTA, is a Director of Private Client Services at EY and has twenty years experience in providing taxation, advisory and management accounting advice to a range of clientele. Leanne has a broad portfolio of Family Business clients in industries including property, agriculture, retail and non-profit organisations. Leanne works closely with her clientele to optimise the current taxation and ownership structures while ensuring the succession plans are well integrated into the business planning. Ben Turner, FTI, is a Senior Manager in EY s People Advisory Services team. Ben is a Chartered Accountant with over 10 years experience specialising in taxation issues including expatriate taxation, Fringe Benefits Tax, superannuation/ social security and payroll tax. Ben works closely with major organisations, particularly in the Human Resources and Finance areas to address remuneration and tax issues affecting the workforce. This includes designing effective processes, systems and tools to maximise planning opportunities and manage risks particularly with globally mobile workforces. Claire van Malland is a Senior Manager in EY s Private Client Services team. Claire has a broad range of tax and business advisory experience assisting both private and corporate clients with various tax compliance obligations, tax advisory services and group structuring over the last nine years. Claire has an interest in Division 7A, FBT and superannuation, and has assisted clients with both managing risk and optimising opportunities for themselves and their employees in these areas. Craig Whiteman, CTA, is the lead tax Partner at EY in Adelaide and has over 20 years of tax and business consulting experience. Craig specialises in the areas of remuneration and tax effective planning for international assignments, employment taxes and employee share and option plans. Craig has advised listed and unlisted clients on their remuneration structuring, including share plans and option plans. 4 - THE TAX INSTITUTE South Australian Tax Intensive

5 Further Information What, when and how to Member s Annual Dinner Thursday 19 October 2017 Open to all SA Tax Intensive attendees, Members, partners and colleagues (whether attending the SA Tax Intensive or not), we invite you to join us for pre-dinner drinks in the Rick Davies Bar followed by dinner in the stunning Cathedral Room with special guest speaker Rodney Hogg, former Australian cricketing great. Hoggy was a genuinely quick bowler who destroyed the English batting line-up on his entrance to Test cricket. Playing for his country in the days of Kerry Packer s World Series Cricket, Rodney picked up an amazing 41 wickets at in the Ashes series of 1978/79 a record that must be near impossible to beat these days. Although a back injury later restricted his number of Test appearances to 38 and One Day Internationals to 71, Hoggy has some fascinating stories to tell; in his own words: I was there for the 500 to one, I was there for the 43 cans, I was there for the underarm, I was there for the aluminium bat... More recently, Rodney has been providing pointed commentary in the Australian media for a number of years, and with a great sense of humour he ll be sure to entertain. 6.30pm 7.00pm 7.00pm Pre-dinner drinks Dinner Price: Inclusive in full registration Additional tickets can be purchased for $130 per person Please refer to the registration form to book tickets. Optional Social Activities Adelaide Oval Stadium Tour Adelaide Oval Tours take visitors behind the scenes to discover hidden secrets and relive celebrated moments in the sporting, musical and civic history of this world-famous sporting arena. Visit a number of areas that are usually inaccessible and learn about the heritage and significance of Adelaide Oval while being entertained with stories of legends and characters who have contributed to the Oval s rich history. A tour includes admission to the famed Bradman Museum which tells the story of Australia s greatest ever cricketer and provides an insight into life in Australia from the 1920s to the 1970s. Commonwealth Bank RoofClimb Commonwealth Bank RoofClimb will literally take you to new heights at the iconic Adelaide Oval in the heart of the city! This exhilarating adventure will have you travelling along the impressive curved roofline of the Western Stand before navigating across a link bridge to the Riverbank Stand. Your group will then be led to an open viewing deck overlooking the goal square, where you will have the opportunity to test your nerve with a lean out point, 50 metres above the ground! Date: 19 October 2017 Time: 12.00pm 1.30pm Price: $19 per person (please refer to registration form to book tickets) Limited spots available first come first served so get in quick! Please refer to the registration form to book tickets. Date: 19 October 2017 Time: 12.00pm 2.00pm Price: $89 per person (please refer to registration form to book tickets) THE TAX INSTITUTE South Australian Tax Intensive - 5

6 Further Information What, when and how to The Bradman Collection The Bradman Collection on loan by the State Library of South Australia, is on display at the newly developed Adelaide Oval in a state of the art, purpose built museum, located in the Riverbank Stand (access through the South Gate off War Memorial Drive). The Bradman Collection is a world class exhibition dedicated to an Australian legend and international hero who made Adelaide his home. Watch footage of Bradman in the theatrette, test your own skills with the interactive museum, and browse through personal items including cricket bats, balls, trophies, items of clothing and more This free activity is open from 9.00am 4.00pm and available to attend at your leisure. How to Register Online: Register online or go to eventregistrations@taxinstitute.com.au Fax: Post: The Tax Institute, GPO Box 1694, Sydney NSW 2001 Enquiries: SA Team Craig, Marie, Emma or Rebecca Registration inclusions Full registration includes participation in the full technical program and workshops, soft copy materials via the Tax Institute CPD App, dinner on Thursday night, lunch on Friday and all refreshments during seminar hours. Registration fees do not include optional social activities, accommodation or hotel incidentals. CPD accreditation 3 hours Continuing Professional Development Accreditation per workshop session. Flexible Registration Options Early bird registration All registrations received and paid for in full by Friday 15 September 2017 will be entitled to the early bird rate. Thursday registration This registration option entitles one delegate to attend session 1 plus the Members Annual Dinner and includes access to soft copy materials and session refreshments. Friday registration This registration option entitles one delegate to attend sessions 2 & 3 and includes access to soft copy materials and full day refreshments. Registration does not include attendance at the dinner on Thursday night. Individual session registration This registration option entitles one delegate to attend one technical session, access to soft copy materials and session refreshments. Employer ticket This registration option allows one full registration to be shared between multiple attendees (max 3) from the same firm. Attendance at any session of your choice includes soft copy materials and session refreshments. 6 - THE TAX INSTITUTE South Australian Tax Intensive Group discounts Purchase four full registrations and receive the fifth free. All attendees must be from the same firm and all must register at the same time. This offer is only valid for registrations received before the close of the early bird offer and cannot be redeemed in conjunction with any other offer, promotional code or discount. Mates Rates Introduce a mate or colleague to the 2017 SA Tax Intensive and save $250 on your own registration. Both registrations must be received together, and one registration must be a first-time attendee. This offer cannot be redeemed in conjunction with any other offer, promotional code or discount. Pre-event preparation The SA Tax Intensive is an interactive event. The value of the workshop component is maximised for delegates when preparation for and participation in the workshop case studies is undertaken. Workshop materials and suggested reading are circulated to delegates via The Tax Institute CPD App one week prior. Materials Paperless event To assist in reducing the environmental impact, the standard registration option will only provide electronic access to materials. For an additional fee of $100, delegates may choose to receive hard-copy materials at the event. Please refer to the registration form. The Tax Institute App The Tax Institute App will be available for download one week prior to the event. The app will contain session and presenter information, the delegates list and available technical materials. You will receive instructions via detailing how to download the app. Wi-Fi Internet access will be available for conference delegates using a dedicated access code, provided to delegates on registration. Delegate list A delegate list will be provided to assist with networking. If you do not wish to be included on this list, please indicate this on the registration form. Become a member There is no time like the present to join Australia s premier tax body and take advantage of the special new member introductory offer of only an additional $320 on the member registration fee. Member benefits include: Taxation in Australia journal TaxVine e-newsletter TaxLine Research Service free to members CPD event discounts Publications and tax product discounts Business Alliance Partner discounts Association with Australia s leading professional tax body. For more information, please visit membership.taxinstitute.com.au/join. Enquiries For further information regarding this event, please contact the SA Team, Craig, Marie, Emma or Rebecca on or sa@taxinstitute.com.au

7 EVENT REGISTRATION FORM 1 Full registration Please see page 6 for registration inclusions South Australian Tax 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 Date of issue: August 2017 Early bird registration price Register on or before 15 September 2017 Standard registration price Register after 15 September 2017 Member $1,050 $1,170 New member* $1,370 $1,490 Non-member $1,500 $1,620 Hard copy technical papers and PowerPoints add $100(see page 6 for details) Mates rate promotion (see page 6 for details) $800 (early bird) or $920 (standard) *EVENT AND MEMBERSHIP OFFER There is no better time than right now for non-members to take up membership! Register at the Member rate + add on $320 for Membership and receive member benefits through to 30 June All new members are eligible to upgrade their membership level at no additional cost by providing the appropriate documentation when applying within the initial membership subscription period. I hereby apply for membership of The Tax Institute and declare that I am a person of good fame, integrity and character and agree to be bound by the Constitution of The Tax Institute. Further information available at taxinstitute.com.au Signature: Name of new attendee: Dietary requirements: Date of signature: DD/MM/YYYY 2 Delegate contact details Member no.: If your member details are up-to-date, you can skip this section. Title: Mr Mrs Miss Ms Other (please specify) Date of birth: DD/MM/YYYY First name: Last name: Position: Company: Address: Suburb: State: Postcode: Telephone: Fax: Mobile: 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 Flexible registration options Please see page 6 for registration inclusions. S1 Thursday only (includes session, refreshments and attendance at the Members Annual Dinner) Member $650 Non-member $800 S2 & S3 Friday (includes session, refreshments and lunch) Member $950 Non-member $1100 Single session (includes 1 session and refreshments) Member $550 Non-member $700 I am attending Session/s 4 Member s annual dinner (dinner is INCLUDED in the full registration fee for delegates) Yes, I WILL be attending the dinner on Thursday 19 October 2017 OR No, I WILL NOT be attending the dinner Yes, I require additional tickets^ for the dinner No. tickets at $130 ^Please supply names of attendees and any dietary requirements as a separate attachment. No. table/s of 10 for $1,300 each

8 5 Optional social activities Adelaide Oval Stadium Tour Commonwealth Bank RoofClimb No. tickets at $19 each No. tickets at $89 each 6 Employer ticket (includes sessions, Friday lunch for all attendees and refreshments only) Early bird $1,350 Standard $1,500 Additional names: 1. S1 S2 S3 Attending Friday lunch $130 required Dietary requirements: 2. S1 S2 S3 Attending Friday lunch $130 required Dietary requirements: 3. S1 S2 S3 Attending Friday lunch $130 required Dietary requirements: 6 Payment summary Registration fee $ Printed material (add $100 per person) $ Additional dinner ticket/s (add $130 per person) $ Additional lunch ticket/s (add $60 per person) $ Total payable $ 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. Please note: The Tax Institute cannot accept responsibility for delegates late flight arrivals. Transfer costs are non-refundable and non-transferable. 7 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: Membership and education program promotion I am interested in becoming a member of The Tax Institute. Please send me further details. I am interested in learning more about The Tax Institute s education program. Please contact me. We take your privacy seriously, and our policy can be viewed at taxinstitute.com.au/go/footer/privacy. 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. 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. TO REGISTER 0109SA_08/17 Online taxinstitute.com.au/sataxint Mail GPO Box 1694 Sydney, NSW eventregistrations@taxinstitute.com.au Fax