IDEAS TO IMPROVE MEMBER OUTCOMES 2018 FORUM

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1 Register two and get two FREE 2018 FORUM Examine the ways in which tax impacts super funds, from front office investment strategies and portfolio structuring through to operational and compliance settings managed by fund staff and advisors. Drawing together perspectives across the breadth of a super fund s organisation, this forum will provide a holistic view of key after-tax issues, strategies and trends impacting large funds. Early confirmed speakers include: Some of the key discussion points: Examine the ways in which tax impacts super funds, from front office investment strategies & portfolio structuring through to operational and compliance settings Are superannuation funds tax efficient? After-tax issues, strategies and trends impacting larger funds Benchmarking fund managers for after tax performance Tax effective investing for pension options Is your alpha big enough to cover your taxes? Part iva and how it should be interpreted to ensure compliance with tax law Superannuation tax issues are managed to ensure optimum outcomes for members Propagation within multi manager portfolios The less well understood impacts of tax on investment performance How the custodian can assist with tax management Custodians prespective on tax risk and opportunituies Tax risk, compliance & governance...and more RAEWYN WILLIAMS Managing Director Research, Parametric STUART HILL Head of Investment Operations, Local Government Super BEN HILLIER Manager, Superannuation and Retirement Products, Sunsuper CHRIS DREW Investment Manager Public Markets, Australian Catholic Superannuation and Retirement Fund PETER GARDNER Portfolio Manager, Plato Investment Management KYLE RINGROSE Principal Athena IOC Pty Ltd, Former Head of Investment Operations, QSuper GORDON MACKENZIE Senior Lecturer School of Taxation Business Law, UNSW DAMIAN RYAN Partner, Tax at KPMG, Financial Services Superannuation, Asset and Wealth Management, KPMG Australia SÉAMUS Ó CONCHEANAINN Managing Director at CXi Software KATHY TAYLOR-HOFMANN Head of Business Solutions, GBST IAN FRYER Head of Research at Chant West PHIL BESWICK Director - Tax governance & transformation, KPMG BRIAN HENDER Head of Investment Research & Systems, Warakirri Asset Management Reserve Your Spot NOW! REGISTER NOW: PH: FAX: register@ibrc.com.au Researched & Developed by:

2 Overview The first forum of its kind in Australia. Tax is the biggest single expense for a superannuation fund and Trustees have fiduciary and legislated obligations to ensure that tax issues are managed to ensure optimum outcomes for members. This forum examine the ways in which tax impacts super funds, from front office investment strategies and portfolio structuring through to operational and compliance settings managed by fund staff and advisors. Drawing together perspectives across the breadth of a super fund s organisation, this forum will provide a holistic view of key after-tax issues, strategies and trends impacting large funds. Speakers include academics and practicing experts in the fields of tax advice and tax effective investment management. The forum covers insights into the basics of superannuation fund taxation as well as opportunities to work within tax legislation to ensure a lower tax burden and enhanced fund performance for members. This forum will be informative and in many cases invaluable for fund trustees, CEOs, CFOs, CIOs, COOs and members of their teams at all levels. It will also be of great interest to anyone seeking to gain a better understanding of the drivers and management of a superannuation fund s biggest expense. Who Should Attend Trustee CEO CFO CRO Head of Tax Head of Finance Accountant Tax Adviser Tax Counsel CIO Head of Capital Markets Head of Funds Management Head of Investment strategy Investment Analyst Head of Product Development Product Development Analyst Head of Compliance Compliance Officer Head of Investment Operations Unit Pricing Analyst Performance Analyst Sponsorship Opportunities Superannuation Funds Tax 2018 offers sponsors an excellent opportunity to demonstrate thought-leadership and leverage networking opportunities to build brand-value. If you would like to know more about sponsorship, exhibition and business development opportunities please just get in touch with us - sponsorship@ibrc.com.au

3 Main Conference Day-1 20th Aug :20 Delegate Registration & Coffee 1:45 HOW DOES ONE FUND LINK TAX OPERATIONAL SETTINGS TO MEMBER OUTCOMES? 8:55 Opening Remarks From Chair Opening Address 9.00 THE EVOLUTION OF SUPER TAXATION FROM 1988 TO NOW Aims of forum How did we get to here? The evolution of super taxation from 1988 to now How Australia is different to overseas pension fund systems Current issues and opportunities 9:45 ARE SUPERANNUATION FUNDS TAX EFFICIENT? Cooper Review 2010: summary of findings Tax implications of Cooper for super funds Research (2014) into tax aware investment management by super funds: objectives, method, findings Post-research: what s changed, what hasn t? GORDON MACKENZIE, Senior Lecturer at UNSW 10:30 Morning Coffee and Networking 11:00 SHOULD SUPER FUNDS BE SEGREGATING ASSETS? How asset segregation works Determining whether a fund should segregate After-tax benefits Costs: do the benefits outweigh the costs? Other tips and trips for funds 11:30 INNOVATIVE TAX THINKING TO FUND A RETIREMENT BONUS TO MEMBERS BEN HILLIER, Manager, Superannuation and Retirement Products, Sunsuper 12:00 HOW CAN TAX-RELATED TECHNOLOGY HELP MEMBER OUTCOMES? Key changes to registry systems The move to real-time member transactions and unit pricing Impacts on a super fund s tax liability and benefits to members SÉAMUS Ó CONCHEANAINN, Managing Director at CXi Software PANEL DISCUSSION AND Q&A Areas on tax opportunity and risk Experience to date and new initiatives Advice for other funds STUART HILL, Head of Investment Operations, Local Government Super 2:25 THE LESS WELL UNDERSTOOD IMPACTS OF TAX ON INVESTMENT PERFORMANCE How and why the major components of a fund s investment tax cost is often not measured The critical distinction between different types of tax cost The relative CGT impact of active, passive and smart beta strategies The tax costs of asset allocation decisions The impact of derivatives on tax costs Overseas tax leakage A practical methodology for implementing comprehensive post tax performance measurement 3.00 AFTERNOON TEA 3:30 WHAT ARE THE ATO S SUPER FUND TAX HOT SPOTS? Recent and current areas of focus How super funds are responding Potential impacts on member outcomes: what s at stake? DAMIAN RYAN, PARTNER, Tax at KPMG, Financial Services - Superannuation, Asset and Wealth Management, KPMG Australia 4:00 HOW SHOULD TAX RISKS AND OPPORTUNITIES BE MANAGED IN A FUND? A GOVERNANCE PERSPECTIVE Importance of governance Applying a governance framework and skills to tax Balancing tax risks and opportunities in a super fund PHIL BESWICK, Director - Tax Governance & Transformation, KPMG 4:30 PANEL DISCUSSION AND Q&A: A WIDE-ANGLE TAX LENS How well understood are tax impacts on member outcomes? Where are super funds doing well? What could they be doing better? Guidance for funds based on experience DAMIAN RYAN, PARTNER, Tax at KPMG, Financial Services - Superannuation, Asset and Wealth Management, KPMG Australia STUART HILL, Head of Investment Operations, Local Government Super 5.00 Day 1 wrap and drinks 5:00 PM- 6:00 PM 1 HOUR NETWORKING DRINKS 12:45 Lunch

4 Main Conference Day-2 21st Aug :20 Delegate Registration & Coffee 8:55 Opening Remarks From Chair 9:00 BROADENING THE TAX LENS FROM BACK AND MIDDLE TO FRONT OFFICE Key messages from day 1 Focus of day 2: broadening the tax lens from back and middle to front office 9:30 HOW CAN A FUND PURSUE BETTER AFTER-TAX RETURNS? Presenting new equity portfolio research: Optimality is in the eye of the beholder objective, method, findings How funds can use this research CHRIS DREW, Investment Manager Public Markets, Australian Catholic Superannuation and Retirement Fund 12:45 LUNCH 1:45 HOW CAN YOU MEASURE AFTER-TAX PERFORMANCE? Why traditional performance measures are pre-tax Problems with generic benchmarks The construction of tailored after-tax benchmarks Post-tax performance attribution Benefits to funds and members BRIAN HENDER, Head of Investment Research & Systems, Warakirri Asset Management 2:30 VIDEO DEMONSTRATION: A HOLISTIC APPROACH TO AFTER-TAX EQUITY MANAGEMENT AND PERFORMANCE REPORTING Parametric speaker or video TBA 2:45 AFTERNOON TEA 9:55 WHERE FUNDS SOURCE THEIR NEW IDEAS FROM AND WHAT IT TAKES TO LINK TAX THINKING TO MEMBER OUTCOMES RAEWYN WILLIAMS, Managing Director - Research, Parametric CHRIS DREW, Investment Manager Public Markets, Australian Catholic Superannuation and Retirement Fund 3:15 CONFERENCE KEY TAKEAWAYS (DAY 1 AND DAY 2) 3:20 WHERE TO FROM HERE? WHAT ARE THE CATALYSTS FOR NEW IDEAS TO TAKE HOLD IN SUPER? WHAT ARE THE INHIBITORS? IN THE FUTURE LANDSCAPE OF SUPER, WHERE WILL TAX THINKING SIT? 10:15 MORNING TEA 10:45 HOW DOES AN ASSET CONSULTANT THINK ABOUT AFTER-TAX RETURNS? Insights from research Traditional alpha v tax alpha Different approaches to moving from a pre-tax to after-tax focus, and where to start Ideas on how asset consultants can help funds be after-tax focused IAN FRYER, Head of Research at Chant West 3:50 Day 2 wrap, thankyou and close 11:15 HOW CAN SUPER FUNDS USE TAX INNOVATION IN THEIR PENSION OPTIONS? Relevance of tax to pension phase members An investment manager s approach to tax-effective investing for pension options Linking tax efficient pension investing to better outcomes for members PETER GARDNER, Portfolio Manager, Plato Investment Management 12:00 TO PROPAGATE OR NOT TO PROPAGATE? How tax propagation works and how it can reduce the fund s tax bill Problems with traditional multi-manager equity portfolios Potential tax leakage and how to fix it KATHY TAYLOR-HOFMANN, Head of Business Solutions, GBST Sponsorship Opportunities Superannuation Funds Tax 2018 offers sponsors an excellent opportunity to demonstrate thought-leadership and leverage networking opportunities to build brand-value. If you would like to know more about sponsorship, exhibition and business development opportunities please just get in touch with us - sponsorship@ibrc.com.au

5 REGISTER EARLY & SAVE UP TO $600! Package (Price per delegate) EARLY BIRD SAVE DISCOUNTED RATE SAVE Pay before the 30th June 2018 Pay before 15th July 2018 NORMAL RATE 15th July Day Conference $ GST= $ $600 $2795+ GST= $ $200 $ gst = $ * Payment not made at the time of registration will be subject to a $99 service charge. * Only one discount applies per delegate and all the discounts are calculated from the normal rate. For Group Discount Offer: Register and pay for 2 delegates & Get 2 FREE, you will pay the normal rate for tickets * All 'Early Bird' discounts & Group discounts are subject to availability and require payment at time of registration and before the cut-off date in order to receive any discount. * All discount offers cannot be combined with any other offer. * Please view our registration policy for full information about payment, cancellation, postponement, substitution and discounts. UNABLE TO ATTEND THE CONFERENCE EASY WAYS TO PAY TE FOR GROUP DISCOUNTS: us: info@ibrc.com.au PLEASE CHARGE CREDIT CARD 1st Delegate Name (Dr/Mr/Mrs/Ms) 2nd Delegate Name (Dr/Mr/Mrs/Ms) 3rd Delegate Name (Dr/Mr/Mrs/Ms) 4th Delegate Name (Dr/Mr/Mrs/Ms) Company Name: Address: Approving Manager (Dr/Mr/Mrs/Ms) Booking Contact (Dr/Mr/Mrs/Ms) F form. Bankcard Visa Mastercard Diners Amex (3% Credit card fee will apply for Diners & Amex) Credit Card Number Expiry date / Amex 4 digit code Amount $ Name of card holder PAY BY CHEQUE - CHEQUE ENCLOSED FOR $ PAY BY EFT - POST: Mail the form with payment to: PO Box 411, Wentworthville,NSW 2145 VENUE DETAILS rences - BSB A/C No with 255 George Street, Sydney Expected date of transfer.. EFT reference No I do not wish to receive any more mail from IBR conferences GROUP DISCOUNT For 3 or more people, phone FOR CONFERENCE PAPERS: info@ibrc.com.au CANCELLATION POLICY visit our web site or call PRIVACY POLICY Visit our web site at INSURANCE: any kind. Delegates are advised when registering for the workshop and booking cover, etc for any reason. IBR Conferences do not take any responsibility for any DISCLAIMER: IBR Conferences reserves the right to change the speakers, venue, dates or alter or delete items from the program as circumstances dictate and takes no responsibility for any errors, omissions and changes. ABN REGISTER NOW (Cheques payable to IBR conferences ) PHONE: (+61 2) FAX: C omplete and fax this r (+61 2) register@ibrc.com.au WEB: Grace Hotel Sydney 77 York Street Sydney 2000 Australia PH: (02) SPONSORSHIP OPPORTUNITIES sponsorship@ibrc.com.au