Technical Summit 2021
Through the use of hyper-ethicals (ethical hypotheticals), we look at the cross over between the sole purpose test and other SMSF covenants, the best financial interests requirements and the FASEA Code of Ethics. Can these all work together, or do they cause a conflict of their own?
At the end of the session, you will:
- Have a greater understanding of ethical issues that arise in providing advice to SMSF trustees / members;
- Have an increased ability to identify potential ethical dilemmas and barriers to ethical decision making, and;
- Develop ways to approach and document consideration of ethical issues.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain factual information only and are prepared without considering particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. The information contained in this document does not constitute advice given by the SMSF Association to you. If you rely on this information yourself or to provide advice to other persons, then you do so at your own risk. The SMSF Association is not licensed to provide financial product advice, legal advice or taxation advice. We recommend that you seek appropriate professional advice before relying upon the information in this technical paper. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this paper is not considered financial advice for the purposes of the Corporations Act 2001. © SMSF Association