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Free Webinar for Members

 

SMSF Auditors Association of Australia 

Managing the ATO SMSF Non-Compliance Argument

 

By Peter Bobbin | Managing Principal | Argyle Lawyers

When: 20/08/2019 Tuesday

Time : 2.00 PM To 3.00 PM

Cost: $0 for SMSF Auditiors Association Members

  • - How to dissect the Super Fund troubles and Construct an ATO "Get out of Trouble" plan
  • - Match the plan with the facts and devise a strategy
  • - How to unmask the hidden conditions behind ATO's "No Further Action" letters

 

Peter  Bobbin: We received two NFA gifts from the ATO for two of our SMSF clients. NFA is a No Further Action letter, otherwise known as a Get Out of (ATO SMSF) Jail Free card.  With respect to each SMSF; 

 

  • - One had 8 years of non-lodgement and a member borrowing of 90%!  Every year was a failed-audit year!
  •  
  • - The other had an 'inadvertent' withdrawal of $5m that we wanted to get back into the super system, without any excess contribution tax applying.  We got it, and this was after the former professional sought and obtained an adverse ATO private ruling on the same set of facts.

 

Learn how to dissect the super fund troubles, construct a plan, match this with the facts, craft the financial statements and present a request for an ATO SMSF NFA.

 

 

 

 


 

SMSF Auditors Association of Australia Ltd

Members can attend 20 Free Webinars in a Year 

Each Webinar = 1 CPD hour for Audit & FESEA Allocation "Technical Competence"

Schedule for 2019 Calendar Year

 

 

1) 5th Feb - What SMSF Auditors should do now to avoid being sued by Trustees  - By Grant Abbott | SMSF Author - Recorded Version available for members 

2) 19th Feb -When & When not to lodge a Contravention with ATO - By Manoj Abichandani | SMSF Technical Director | trustdeed.com.au

3) 19th March - Audit Issues when a member losses Capacity - By Clinton Jackson | Partner | Cooper Grace Ward Lawyers

4) 2nd April  - Audit Issues for the payment of Death Benefits - By Mark Wilkinson | Partner Superannuation | BDO Wealth Advisers 

5) 30th April -Yes, property development in an SMSF can be done BUT... - By Phil Broderick | Principal Sladen Legal

6) 14th May - Sole Purpose Test - By Chris Ketsakidis | Partner Corporate Advisory | Mills Oakley

7) 28th May -  Contributions to SMSF - Auditor's Prospective - By Mark Wilkinson | Partner Superannuation - BDO Private Wealth Advisers

8) 25th June -Audit Issues for Paying Member Benefits - By Lyn Formica | Head SMSF Technical Services | Heffron SMSF Solutions

9) 9th July - What SMSF auditors need to know about super proceeds & testamentary trusts - By Bryce Figot | Special Counsel DBA Lawyers

10) 23rd July -Validity of BDBN - What Auditors needs to check - By Rebecca van Langenberg | Special Counsel Madgwicks Lawyers

11) 6th Aug - Pension Documents: Auditor's prevention is better than any cure - By Scott Hay-Bartlem | Partner | Cooper Grace Ward Lawyers

12) 20th Aug - To Be Advised - By Peter Bobbin - Managing Principal | Argyle Lawyers

13) 3rd Sept  -In-House Assets - Audit of SMSF's that invest in Trusts - By Manoj Abichandani | Technical Director www.trustdeed.com.au

14) 17th Sept - Executor conflict of duty and death benefit payments from an SMSF - By Shaun Backhaus | Lawyer | DBA Lawyers

15) 1st Oct -SMSF Residency Issues - By Chris Ketsakidis | Partner Corporate Advisory | Mills Oakley

16) 15th OctDoes your SMSF Investment Strategy meet diversification requrements By Shayne Sommer | Partner Client Advisor | Shadforth Financial Group

17) 29th Oct - How GST applies to SMSF - By Mark Ellem | Executive Manager | Super Concepts

18) 12th Nov - SMSFs and Asset Protection - By Phil Broderick | Principal Sladen Legal

19) 26th Nov -To Be Advised - By Mark Wilkinson | Partner Superannuation - BDO Private Wealth Advisers

20) 10th Dec. - To be Advised

Membership Fees for 2019 - 20

SMSF Auditors Association of Australia membership is open to only ASIC approved SMSF Auditors, it currently has 366 financial members.

How to pay your Membership Fees: Visit www.smsfaaa.com.au and log in - the system will take you to the payment area.

Memebers please note that all webinars booked from 1st July 2019 will have to be re-booked.

 

From 1st July 2019 - 30th June 2020 financial year $240 + GST per year (Fees are charged from month of joining to 30th June each year) The benefits of being a member of the association are :

1) Real time Online Chat with focus members (more experienced) on complex audit issues relating to your current audit. The chat button is after you log in to the website and if no focus members are online, your question is emailed to them for their response.

2) Attend 20 free webinars per year by various SMSF industry experts. For attending each webinar you should be able to claim 1 CPD hour in SMSF Audit. To book for any session, simply log in and go to webinar page.

3) Express opinion online, on various submissions which the association makes to the ATO, ASIC and Treasury.

4) As an Association, we are here to help & support our members in case they feel threatened, by unreasonable ASIC disqualification or ATO exerting un-due pressure on the good work which most our members do.

 

SMSFAAA Webinars approved for *FESEA Limited Licence CPD 

Many members of SMSF Auditors Association of Australia (SMSFAAA) are also limited licence holders to provide SMSF Advice. Under the new rules, FASEA requires that each Financial planner undertakes 40 hours of CPD activity each year - 70% of which must be approved by their licensee.

All SMSFAAA webinar certificates will be marked as " FESEA Allocation - Technical competence: acting as a technically proficient professional" . 

If your licensee does not approve our CPD - please let us know - we will send them content of our Webinar for assessment.

In assessing CPD, licensees are required to consider the following:

1. The level of expertise of the CPD provider

2. Expertise of facilitators and/or those delivering the CPD

3. The level of learning undertaken

4. The stated learning outcomes for the CPD activity

5. Volume of time in undertaking the CPD activity 6. The approach for verification of learning outcomes achieved

 

Click here to download FESEA CPD Policy

* FESEA Financial Adviser Standards and Ethics Authority

 

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