Join SMSF Association Head of Membership & Corporate Development, Neil Sparks and guest speaker for the In Practice Webinar Series.
In Practice is a monthly session of peer-to-peer learning, by Advisers for Advisers.
This month’s session: ‘Decoding Non-Arm’s length Income (NALI and NALE): a guide to avoiding unnecessary SMSF taxes’, presented by guest speakers Tracey Norris, Partner and Rebecca Nipperess, Director, from Pitcher Partners.
Now that parliament has passed the legislation pertaining to non-arm’s length expense rules, it is timely to undertake a NALI/NALE refresher, explore the new rules, and discuss some practical examples of the rules in play.
We will also consider Limited Resource Borrowing Arrangements and their interplay the NALI/NALE rules and areas to be cautious of.
Topics include:
• Refresher on NALI/NALE
• NALI/NALE – the final provisions
• NALE examples – including general fund expenses vs specific fund expenses
• General LRBA rules
• LRBA’s, NALI and NALE
• Future of LRBAs
Time is reflected as AEST.
Join our technical team in the latest quarterly update as they keep you informed on current developments and trends occurring within the SMSF industry.
OVERVIEW:
The purpose of the quarterly SMSF Industry Update is to provide SMSF Association members with the latest industry insights. Hear all you need to know on current developments and trends, statistics, as well as the latest legislative and policy developments. These quarterly updates are a must for practice owners and SMSF industry practitioners wanting to stay abreast of the latest industry trends, developments, challenges, and opportunities!
The webinar also highlights current submissions that the Association’s Policy team are currently working on to help shape the sector, and provides our members with the opportunity to extend their SMSF technical competence in SMSF advice and practice.
Please note time is reflected as AEDT.
What do you do when you see that members/trustees become or are becoming incapacitated?
Join your Western Sydney local community and speakers Wayne Billington and Matthew Stevenson who will share some case studies and experiences.
Bring your questions and join us for an informative session.
Please be sure to invite your colleagues to join us.
The SSA (Express Pathway) program is for those members that have completed an SMSF Association recognised prior learning (RPL) course.
The purpose of the SSA accreditation is to qualify individuals who apply a broad and coherent knowledge in a range of contexts to undertake professional work and as a pathway to further learning. The program analyses the unique intersection of the Superannuation Industry (Supervision) Act 1993 (SISA), the Superannuation Industry (Supervision) Regulations 1993 (SISR) and the Income Taxation Assessment Acts 1936 and 1997 (ITAA).
To be eligible for recognition as an SMSF Specialist Advisor (SSA™) with the SMSF Association you are required to successfully complete a 2-hour online examination with a pass mark of 60% or higher. A workbook containing nine learning modules is provided to assist with your preparation for the online exam. The modules offer deep technical content and focus on examining the array of regulations and legislation that underpin the operation of an SMSF.
The modules cover the following topics:
1. SMSF regulatory framework
2. Establishing an SMSF
3. Contribution standards
4. Investing in an SMSF
5. Taxing an SMSF
6. Members interests and preservation standards
7. Payment standards and paying a benefit
8. Taxing superannuation payments
9. SMSF controls – planning for life events
On successful completion of this program, participants should be able to:
• Research and explain the legal regulations that apply to SMSFs.
• Research and critically evaluate the special taxation rules applicable to superannuation contributions, superannuation funds and superannuation benefits.
• Develop and critically evaluate an SMSF strategy to deal with regulatory and tax requirements in a complex SMSF scenario.
• Justify an SMSF strategy to deal with regulatory and tax requirements in a complex SMSF scenario.
Deakin Ethics for Financial Services (Intensive)
Registration and completion of this course you will be eligible for 1 FASEA credit. This course will be run and assessed by Deakin University.
By registering directly through the SMSF Association you will receive a 15% discount off the course fee RRP $4,273
OVERVIEW
The SMSF Specialist Auditor (SSAud®) program meets part of the compliance requirements to become a Registered SMSF Auditor.
You will examine the requirements of the Australian Auditing Standards and how they should be applied in an SMSF audit. In addition, the practical relationship between the Superannuation Industry (Supervision) Act 1993 (SIS Act) compliance audit of an SMSF and the Auditing Standards will be analysed. Specifically, the subject covers the auditor’s reporting obligations in relation to SIS compliance to both the trustees and the Australian Taxation Office.
It is specifically designed for audit professionals seeking recognition for their specialist skills and knowledge required through statutory obligations, Auditing & Assurance Standards and AUASB Guidance Statements. This Accredited Specialist designation program is designed to be completed within twelve (12) weeks of entering the program.
To audit a self-managed super fund, an auditor must be a qualified member of an approved professional organisation. As of 1 July 2013, the rules changed and now SMSF Auditors must be registered with ASIC.
When held in conjunction with an accounting degree, the SMSF Association SSAud® will satisfy the education requirements of the ASIC Auditor Registration, as it is registered as an approved program under the SMSF Auditor regulations (SIS 9A.02)
LEARNING OUTCOMES:
On successful completion, you should be able to:
1. Undertake research on significant SMSF auditing issues
2. Apply the Auditing Standards to identify compliance issues in an SMSF
3. Complete an SMSF audit that is compliant with both Australian Auditing Standards and SIS Regulations
4. Create the required Australian Taxation Office reports and Fund reports
Join our technical team in the latest quarterly update as they keep you informed on current developments and trends occurring within the SMSF industry.
OVERVIEW:
The purpose of the quarterly SMSF Industry Update is to provide SMSF Association members with the latest industry insights. Hear all you need to know on current developments and trends, statistics, as well as the latest legislative and policy developments. These quarterly updates are a must for practice owners and SMSF industry practitioners wanting to stay abreast of the latest industry trends, developments, challenges, and opportunities!
The webinar also highlights current submissions that the Association’s Policy team are currently working on to help shape the sector, and provides our members with the opportunity to extend their SMSF technical competence in SMSF advice and practice.
Please note time is reflected as AEDT.
SMSF Specialist Advisors that cancel their membership may regain their SSA designation if they rejoin as an Associate within 3 years of ceasing their membership and complete the SSA Designation Exam.
Express SMSF Specialist Advisor Accreditation Pathway for holders of the CFP® designation.
The purpose of the SSA accreditation is to qualify individuals who apply a broad and coherent knowledge in a range of contexts to undertake professional work and as a pathway to further learning. The SSA accreditation program analyses the unique intersection of the Superannuation Industry (Supervision) Act 1993 (SISA), the Superannuation Industry (Supervision) Regulations 1993 (SISR) and the Income Taxation Assessment Acts 1936 and 1997 (ITAA).
To be eligible for recognition as an SMSF Specialist Advisor (SSA™) designation with the SMSF Association you are required to successfully complete a 2-hour online examination with a pass mark of 60% or higher. There are nine optional learning modules to assist with your preparation for the online exam. The modules offer deep technical content and focus on examining the array of regulations and legislation that underpin the operation of an SMSF.
The modules cover the following topics:
1. SMSF regulatory framework
2. Regulating SMSFs
3. Contribution standards
4. Investing in an SMSF
5. Taxing an SMSF
6. Members interests and preservation standards
7. Payment standards and paying a benefit
8. Taxing superannuation payments
9. SMSF controls – planning for life events
On successful completion of this program, participants should be able to:
• Research and explain the legal regulations that apply to SMSFs.
• Research and critically evaluate the special taxation rules applicable to superannuation contributions, superannuation funds and superannuation benefits.
• Develop and critically evaluate an SMSF strategy to deal with regulatory and tax requirements in a complex SMSF scenario.
• Justify an SMSF strategy to deal with regulatory and tax requirements in a complex SMSF scenario.