The SMSF Adviser Show

ATO client engagement director   Dalila Vellotti provides important clarity on the transition process to the newly streamlined TBAR framework. In this episode, Ms Vellotti explains what the move to quarterly based transfer balance account reporting (TBAR) will mean for SMSF professionals and their clients and offers some practical tips. She also outlines when unreported events from the 2022–23 inc...

FPA chief executive Sarah Abood discusses major policy issues for advisers and developments with the Quality of Advice Review. Following a change in government, Sarah highlights what the most urgent priorities are for the financial advice profession that she'd like to see addressed by Labor. Sarah chats about the education changes for advisers and changes the FPA would like to see made to the comp...

Valuable insights and key takeaways from some of the expert speakers at this year's Technical Summit. Hosts Aaron Dunn and Miranda Brownlee speak to Cooper Grace Ward Lawyers partner Scott Hay-Bartlem and chair of the SMSF Association about his session which examined the difference between tax and super advice, legal advice, and personal advice.  Scott highlights the importance of professionals ca...

With the work test changes now in place, Heffron managing director Meg Heffron highlights some of the new strategies now available and potential traps to be mindful of. Meg discusses the benefits of the new rules for a range of situations including clients with a large inheritance or those going through a divorce later in life. She also discusses why SMSF professionals may want to revisit re-contr...

Bryce Figot explains the practical implications of the High Court decision  Hill v Zuda  and what documentation requires an update. In this latest episode of the SMSF Adviser Show, DBA Lawyers special counsel Bryce Figot discusses the outcome of the recent  Hill v Zuda decision by the High Court and what this means for binding death benefit nominations. With the High Court determining that regulat...

Sladen Legal principal Phil Broderick provides an update on non-arm's length income and the ATO's current approach. Following the ATO's decision to extend the compliance relief outlined in PCG 2020/5, Phil outlines what this means for SMSF professionals and their clients. He also reminds trustees about the types of transactions to which the relief is applicable. Phil also provides an update on lob...

ASF Audits head of education Shelley Banton outlines the practical challenges with SuperStream still impacting SMSFs and the proactive steps that can be taken to help avoid potential issues.  With SMSF auditors to soon start reviewing rollovers undertaken by SMSFs during the 2021-22 financial year, Shelley gives an overview of what the requirements are under the regulations and what evidence SMSF...

With 30 June now only weeks away, Liam Shorte, director of Verante Financial Planning, provides a range of tips, traps and strategies for end of financial year tax planning for SMSF clients. Liam gives an overview of the various contribution strategies available and how different strategies can interplay with each other to provide greater opportunities for SMSF clients. With the changes to the wor...

Highlights and key takeouts from presenters at the SMSF Association National Conference this year. In the second part of this podcast, hosts Aaron Dunn and Miranda Brownlee speak to three more presenters about the important topics covered in their sessions at the conference. We first chat with Belinda Aisbett, director at Super Sphere, about the audit discussion group breakfast with the ATO, where...

Highlights and key takeouts from presenters at the SMSF Association National Conference this year. In this two-part podcast, hosts Aaron Dunn and Miranda Brownlee speak to a range of presenters about the important lessons and points covered in their sessions at the conference. In this episode, we chat to SMSF Association chief executive John Maroney about the conference returning to a physical set...

Technical expert Graeme Colley highlights some of the traps arising with the related-party definition and some of the key problem areas involving related parties. In this episode, SuperConcepts executive manager, SMSF technical and private wealth, Graeme Colley delves into some of the areas where the definition can become confusing such as disputes between members and what this means for the fund....

Aaron Dunn outlines the impact of the recent electronic execution measures on SMSFs and provides an inside scoop on the next phase of the government's plans. With the use of electronic execution measures that were introduced during COVID-19 now permanent, Aaron discusses what impact these changes have in relation to how SMSF documents can be executed. He highlights some important details to be awa...

UK pensions specialist Jason O'Connell outlines important advice considerations with the transfer of UK pensions to SMSFs and the steps involved in the process. Jason, who is the general manager of UK pension planning at Shartru Wealth, delves into what requirements the SMSF must meet in order to be recognised as a qualifying recognised overseas pension scheme (QROP) to ensure a compliant transfer...

As the Ukraine conflict unfolds, Australian businesses must prepare for revenge cyber attacks by bolstering their cyber-security measures. In this special episode of the SMSF Adviser Show, director of Defence Connect Phil Tarrant chats to MAJGEN (Retired) Marcus Thompson, former head of the Department of Defence ' s Information Warfare Division, about the threat of cyber warfare given the conflict...

Rebecca Oakes from Act2 Solutions guides SMSF professionals through the finer details of the latest legislative changes to exempt current pension income (ECPI) and what needs to be considered for clients. SMSF technical manager Rebecca provides an explanation of what kind of analysis needs to be done for clients who are able to choose which method they will use to claim ECPI and how different circ...

Shadow financial services minister and shadow assistant treasurer Stephen Jones MP speaks to Momentum Media's editor of mortgages Annie Kane about Labor's plans for the financial advice, adviser education and the financial services sector more broadly. Stephen Jones discusses why he thinks the education changes for advisers have been a debacle and how Labor would approach this. He also explains La...

In this week's episode, we hear from four prominent policy experts from CA ANZ, CPA Australia, the SMSF Association and BT who delve into some specific problem areas with advice regulation at the moment and the outcomes they want to see from the Quality of Advice Review. Hosts Aaron and Miranda are joined by Bronny Speed, financial advice leader, Chartered Accountants ANZ; Tracey Scotchbrook, poli...

In this latest episode of the SMSF Adviser Show, technical expert David Busoli provides important tips for SMSF practitioners helping clients with family law super splits and highlights some planning opportunities to achieve better outcomes for clients. A recent increase in marital separations means SMSF practitioners are dealing with a greater number of family law super splits at the moment, whic...

An outline of the key SMSF audit issues at the moment and the impact of the latest COVID outbreak on audits. Aquila Super partner Chris Levy discusses the impact of the latest COVID outbreak on audit processes and delves into some lingering SMSF audit issues. With the latest COVID outbreak seeing greater numbers of staff infected and clients unable to respond to queries or obtain information, Chri...

With a number of superannuation measures still sitting in Parliament and an upcoming election, 2022 looks set to be another eventual year for the SMSF industry. As 2022 kicks off, hosts Aaron Dunn and Miranda Brownlee examine what the major changes will be for this year and what SMSF practitioners should be paying attention to. There is still some uncertainty around whether the legislation relatin...

In their final podcast for the year, hosts Aaron Dunn and Miranda Brownlee reflect on what changes had the greatest impact on SMSF professionals this year and explore some lingering practical issues. 2021 brought further changes to systems and processes with the introduction of director identification numbers for SMSFs with a corporate trustee, new SuperStream standards, and the ATO now consulting...

With the SuperStream measures now in place, SMSF professionals play an important role in helping clients manage some of the practical issues with rollovers, such as timing. Following the introduction of the SuperStream measures on 1 October 2021, release authorities and rollovers to and from SMSFs are now required to comply with new data and payment standards. With these changes bringing new chall...

With myriad changes impacting the SMSF space over the past two years, there has never been a better time for advisers to regroup and expand their knowledge. In this episode of The SMSF Adviser Show, Peter Burgess, Deputy CEO / Director of Policy & Education at the SMSF Association, gives listeners a special preview of what to expect from the 2022 National Conference. Peter outlines the hot topics...

The SMSF Association has received confirmation from Treasury that under the proposed extension of the non-concessional contribution bring-forward rules, there will be no phase-out of the bring-forward rule for individuals approaching age 75. In this week's episode of the SMSF Adviser Show, hosts Aaron Dunn and Emma Ryan discuss what the confirmation means for advisers both now and in the New Year....

SMSF auditors and accountants have been hit by the "perfect storm" with changes in ATO requirements, new legislation, fee pressures etc, driving significant sector change. In this special episode of the SMSF Adviser Show, Aquila Super partner and SMSF expert for litigious matters, Chris Levy unpacks some of the main developments and what they mean for the industry, both now and in the future. As o...