Death Benefits can be paid as a Lump Sum or as an Income Stream, legislation requires them to be paid as soon as practical.
This presentation is going to explore compliance issues and what an SMSF Auditor needs to check if the deceased was in Accumulation or in Pension Phase at the time of death.
IN-HOUSE ASSETS - COMPLEX AUDIT OF SMSF'S THAT INVEST IN TRUSTS
Manoj Abichandani | Technical Director
In House Assets - How to identify, measure and report
Investments in unlisted Trusts - How to Identify related trusts, Who are Part 8 Associates. Valuation of Investment
Auditors Reporting Obligations
AUDIT ISSUES WHEN A MEMBER LOSSES CAPACITY
Clinton Jackson | Partner | Cooper Grace Ward Lawyers
SMSF trustees and members suffering from a lack of capacity are increasing
What paperwork is required when a trustee/member loses capacity to comply with the SIS Act and the trust deed
Common problems with trust deeds that can cause the SMSF to breach the SIS Act
YES, PROPERTY DEVELOPMENT IN AN SMSF CAN BE DONE BUT...
Phil Broderick | Principal Sladen Legal
Main issues which Trustees must consider before embarking on any projects
What the auditor needs to check, especially when there are related parties involved in building and
Tips and Traps at each stage of development.
CONTRIBUTIONS TO SMSF - AUDITORS PROSPECTIVE
Mark Wilkinson | Partner Superannuation - BDO Private Wealth Advisers
Rules on what & how much can be contributed to Superannuation have changed since 1st July 2017.
In this session Mark, who has been providing superannuation and retirement planning advice for more than 30 years, will discuss Auditors duties, whilst auditing accumulation funds &
New Superannuation Contribution Rules & how Total Superannuation Balance and Transfer Balance Cap have become the new landmarks for auditing contributions
VALIDITY OF BINDING DEATH BENEFIT NOMINATION - WHAT AUDITORS NEEDS TO CHECK
Rebecca van Langenberg | Special Counsel Madgwicks Lawyers
This webinar will discuss the following key issues auditors need to consider when reviewing Binding Death Benefit Nominations
Legislative requirements for a valid Binding Death Benefit Nomination
Ensuring compliance with the Fund deed & Auditor requirements and steps to take where a concern is identified
EXECUTOR CONFLICT OF DUTY AND DEATH BENEFIT PAYMENTS FROM AN SMSF
Shaun Backhaus | Lawyer DBA Lawyers
A conflict of duty can arise where the executor of an estate seeks death benefit payments in their own capacity.
Recent case law shows this can result in ‘unfair’ outcomes.
What can be done to ensure the conflict doesn’t arise?
LRBA'S -DIV 7A VS PCG 2016/5 BATTLE OF 2 LAWS
With exit of 1st tier lenders many SMSF have borrowed from related parties, Manoj in this webianr will discuss the dangers of borrowing from related parties by SMSF Trustees during COVID 19
Pitfalls for Related Companies and Trusts lending to SMSF via an LRBA - What Trustees need to be careful about and ensure that SMSF's not only comply to Div 7A but also to PCG 2016/5
One un-ticked box in the LRBA could mean that income of the asset becomes NALI and tax paid by the fund at the highest tax rate. A detailed audit checklist will be provided to SMSF Auditors.
ISSUES FOR SMSF AUDITORS IN TRUST DEEDS
Scott Hay-Bartlem | Partner | Cooper Grace Ward Lawyers
Do you have the current trust deed? and
Are you dealing with the correct trustee?
What happens when deed variations and changes of trustee don’t work?
Key trust deed provisions which auditors must look out for
AUDITING THE AUDITORS - WHAT AN SMSF AUDITOR CAN EXPECT DURING AN ATO AUDIT
Kellie Grant | ATO Director | SMSF Approved Auditors Portfolio
ATO auditor compliance program planned for 2019-2020 how we identify auditors for audit &
the audit process and the evidence we look for on file results from the 2018-2019 auditor compliance program
WHY INVESTMENT STRATEGIES CAN BANKRUPT SMSF AUDITORS
Grant Abbott | Lawyer | I Love Super
In this session Grant Abbott, author of the best selling “The Guru’s Guide to SMSFs” will look at the question of negligence, what an auditor can do to protect themselves & their practice
Why ATO is insisting that each SMSF must have an Investment Strategy & Role of an Adviser in developing Investment Strategy for Trustees
What an SMSF Auditor must audit when Auditing SMSF assets
SMSF - CONSIDERATIONS IN THE EVENT OF A DIVORCE
Peter Bobbin | Principal Lawyer | Coleman Greig Lawyers
Issues to consider pre-relationship
Super is property of a marriage or defacto relationship under the Family Law Act 1975
Financial agreements pre-relationship (pre-nup)
Issues to consider immediately on separation
Liability as trustee
Binding death benefit nominations
AUDITING PROPERTY DEVELOPMENTS IN AN SMSF
Bryce Figot | Special Counsel | DBA Lawyers
In this presentation Bryce will be discussing how SMSF clients tend to want to structure SMSF property developments;
What the ATO have said and the most important regulatory and related provisions & the key compliance risks of property development in an SMSF
THE AUDITOR AND INVESTMENTS BY SMSFS IN PRIVATE UNIT TRUSTS AND COMPANIES
Scott will discuss, what information and evidence auditors should obtain when auditing an SMSF with investment in private unit trusts and companies.
Many SMSFs have or are contemplating investments in private unit trusts and companies.
These raise challenges for any SMSF adviser and auditor.
Auditors will gain a greater understanding of the rules around what is and is not allowed and what the ATO says about auditors and the values of these investments in the financial statements.
AUDITOR INDEPENDENCE AFTER CHANGES TO APES 110
Mark Ellem | SMSF Advisor | Registered Tax Agent
The guide incorporates changes to the restructured APES 110 Code of Ethics for Professional Accountants, including the Independence Standards. Changes became effective on 1 January 2020 and is mandatory
Mark will review these changes and look at various scenarios to explain what they will mean for SMSF audits going forward, including consideration of what is a “routine or mechanical service"
Mark will also consider the challenge that many firms may encounter restructuring their administration, compliance, advice and audit services and what effect this may have on their firm.
Colin Lewis |Head of Strategic Advice | Fitzpatricks Private Wealth
Colin will discuss what’s new and ‘in play’ now also what’s new ‘in the pipeline’ about contribution strategies.
This session will consider in details downsizer contributions and CGT cap contributions.
Colin will also be highlighting about SMSF reserves.
AUSTRALIAN SUPERANNUATION FUND, DO I HAVE A COMPLYING SMSF
By Steven Jell | Senior Associate | Cooper Grace Ward
HOW TO AUDIT SMSF'S WHOSE INVESTMENTS ARE AFFECTED DUE TO COVID 19 CPD: FASEA ALLOCATION 1 HR CLIENT CARE & PRACTICE
If you are an auditor, please do not sign off any Audits for financial year ended 30th June 2019 before you learn how to fix your - Engagement Letter - Trustee Representation Letter
Also what to expect in the Financials - in Subsequent Events. Templates will be provided on how to complete - Working Papers - Management Letter - Qualify Audit Report - Lodge a Part A Audit Report
Hear from Manoj Abichandani, Technical Director of Online SMSF Audit.com.au - as he explains these measures and what it means for you IN PLAIN ENGLISH. He will also answer your questions.