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Free webinar

 

COVID-19 Understanding The Cash flow for Employers Incentive​

&

$1500 Job Keepers measures

The Government has passed legislation on ‘Boosting Cash Flow for Employers’ measures that was announced on March 12 2020.

The Government is providing up to $100,000 to eligible small and medium-sized businesses that employ people, with a minimum payment of $20,000.
These payments will help businesses with their cash flow so they can keep operating, pay their rent, electricity and other bills and retain staff.

Hear from Manoj Abichandani Technical Director as he explains the cash boost incentive and what it means for you IN PLAIN ENGLISH.
 

Manoj will go through the eligibility criteria and explain the mechanics behind the legislation and integrity rules that you should be aware of. 
He will also answer your questions. 

 

When: 6th  April 2020 (Monday)

Time: 2 PM to 3 PM

Cost: Free

How to bookhttps://www.onlinesmsfaudit.com.au/BookWebinar.aspx

CPD: 1 Hour in Taxation    FASEA : 1 Hour in Client Care and practice

 

Speaker: 

Mr Manoj Abichandani

Manoj has worked in SMSF since 1988 and is SMSF Specialist (UNSW). He was providing high level advisory services to over 600 funds in his own 3 partner CPA tax practice for 19 years and has written this online software. He currently works as SMSF Technical Support Team Leader at www.trustdeed.com.au

He has hands on knowledge on what happens in a tax practice on high level of SMSF practical issues. 

 


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ADVERTISEMENT

 

 

 

Once you register, you get to use the software for free for 5 SMSF's - Try before you buy. The fee to audit one fund is $17 plus GST or can be $7 plus GST, per fund if you buy 2,000 audit pack.

 

Click here to download list of features and brochure of online SMSF Audit  

Click here to start your free trial for 5 funds

 

We recommend that you join SMSF Auditors Association of Australia LTD which offers 20 hours of Annual CPD via 20 online webinars for a low fee of $240 + GST. To Join visit www.smsfaaa.com.au

 


 

How CPD Works

ASIC Approved SMSF Auditors

Section 128F(a) of SIS Act : An approved SMSF Auditor must: (a) complete the continuing professional development requirements prescribed by the regulation.

SIS Reg 9A.04 : (2) The approved SMSF auditor must undertake at least 120 hours of continuing professional development every 3 years.

(3) The development must: (a) include 30 hours of development about superannuation at least 8 hours of which is development about auditing of self managed superannuation funds; and

(b) be development that could reasonably be expected to enhance an approved SMSF auditor's technical skills or professional service delivery.

 

AFSL Holders - FASEA Requirements

The Corporations Act 2017 (the Act) requires that all individuals identified as a ‘relevant provider’ are required to meet the requirements for continuing professional development set by the Standards Body (s 921B(5)). The Act requires the Standards Body to set requirements for continuing professional development in relation to each CPD year of a financial services licensee (s 921U(2)(iv)).

Part 7.6 of theCorporations Act 2001 Corporations (Relevant Providers Continuing Professional Development Standard) Determination 2018

The minimum number of hours of qualifying CPD activities that a relevant provider must complete during a CPD year is 40. If the relevant provider has a responsible licensee, at least 70% of the minimum number of hours must be spent on qualifying CPD activities approved by the licensee.

Note 1: This means that  any AFSL holder working full time at least 28 hours will have to be spent on approved activities.

 

 

Content of CPD activity

 

CPD area

Minimum Hours

1

The activity is designed to enhance participants’ technical proficiency and ability to develop and provide advice strategies that are appropriate to the objectives, financial situations and needs of different classes of retail clients.

 

Technical competence

     5

2

The activity is designed to enhance participants’ ability to act as a client-centric practitioner in advising retail clients.

 

 Client care and practice

     5

3

The activity is designed to enhance participants’ understanding of applicable legal obligations and how to comply with them.

 

Regulatory compliance and consumer protection

     5

4

The activity is designed to enhance participants’ capacity to act as an ethical professional.

 

Professionalism and ethics

     9

5

The activity is designed to maintain and extend participants’ professional capabilities, knowledge and skills, including keeping up to date with regulatory, technical and other relevant developments, but is not in an area referred to in another item of this table.

 

     General

 

 

 

 

 


 

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