The SMSF Association National Conference 2020 program offers workshops that run in conjunction with the concurrent sessions. There will be four topics covered in the workshops, with multiple sessions being run over the course of the conference for three of the four topics.
Please find further information below on the workshops and registration instructions. Information can also be found on the
Conference website.
Important notes
- Due to high demand and limited spaces, each delegate can only attend one (1) workshop.
- We will not be waitlisting attendees for any workshops. If a workshop is full we have made allowances for registering at the Conference, visit the Information Desk to find out availability and book into a workshop.
- Workshops are not compulsory, you do not have to register if you do not wish to attend.
WORKSHOPSDealing with death – Better the devil you know! Often the focus of death benefit planning in SMSFs is around:
- Ensuring the death benefit ends up in the desired hands, whether that be by way of a BDBN or a reversionary pension, or simply left to trustee discretionary powers;
- Optimising the tax position of a surviving spouse (i.e. optimising their transfer balance cap position); and / or
- Minimising tax payable on any death benefit payments.
However, there’s often many other things that should be considered before a member dies which could add significant value to the SMSF or the underlying beneficiaries, or prevent a massive headache for any surviving trustees, beneficiaries and even SMSF practitioners!
In this workshop, we will explore various issues that don’t often make the headlines but are crucially important to the big picture of death benefit planning and mechanics.
Three workshop sessions available:
- Concurrent 2D – Wednesday 19 February from 2.05pm-4.45pm
- Concurrent 4D – Thursday 20 February from 10.40am-12.50pm
- Concurrent 8D – Friday 21 February from 9.40am-11.55am
Ageing clients, advice and ethicsWith ageing comes frailty. Solutions for supporting an older person need to involve the family but these discussions can bring out the good, the bad and the very ugly.
This session picks up FASEA’s spotlight on ethical advice using the Conference case study to unpack advice to ageing clients and their families. The case studies include:
- Assessing the value of strategies for the former home and superannuation;
- Identifying the client to assess best interest or conflict;
- Tips for managing client conversations.
Two workshop sessions available:
- Concurrent 2E – Wednesday 19 February from 2.05pm-4.45pm
- Concurrent 4E – Thursday 20 February from 10.40am-12.50pm
Auditors workshopDo your SMSF audit skills pass the smell test?
Keep on top of your professional audit obligations by attending this workshop and help reduce your SMSF auditor litigation risk.
Engage with your peers as we deep dive into a case study that throws up twists and turns designed to challenge even the most experienced SMSF auditor.
This workshop will cover trust deeds, contributions, related party transactions, pensions, in-house assets, market valuations and much more.
One workshop session available:
- Concurrent 6D – Thursday 20 February from 1.40pm-4.20pm
Repurposing Sole PurposeSMSF trustees can invest in almost anything that can be justified by their investment strategy, provided it also satisfies the most important of all SMSF considerations – the sole purpose test. This is not an incidental or even primary or dominant purpose test – it is an exclusive purpose test. No other considerations should influence the fund activities.
The sole purpose test has been around for many, many years and there are a number of cases, rulings, determinations and impact statements on the topic. As we live in the real world the sole purpose test can create some practical issues that need to be addressed in a practical way.
In this interactive workshop we will re-consider the sole purpose test in light of recent cases, rulings and guidelines, how it has evolved and its application, from both a compliance and practical perspective, in relation to SMSF transactions.
Two workshop sessions available:
- Concurrent 6E – Thursday 20 February from 1.40pm-4.20pm
- Concurrent 8E – Friday 21 February from 9.40am-11.55am
How to registerPlease register by selecting the appropriate workshop below.