The SMSF Adviser Show

Recent changes to contribution caps, coupled with the inclusion of new caps, are set to see many advisers re-evaluating their strategies this financial year. In this week's episode of the SMSF Adviser Show, Australian Executor Trustees senior technical services manager Julie Steed gives hosts Aaron Dunn and Emma Ryan a comprehensive breakdown of the current contributions landscape. Julie discusses...

This year's R U OK? Day serves as an important reminder to open up the conversation on mental health, both in the workplace and at home, according to David Coleman, member for Banks and Assistant Minister to the Prime Minister for Mental Health and Suicide Prevention. In this special episode, join Momentum Media director Alex Whitlock as he speaks to Mr Coleman. Together, the pair discuss the impo...

With litigation involving death benefits in SMSFs on the rise, the time is ripe to evaluate your plans and ensure that chances of a dispute occurring down the track are minimised. In this week's episode of the SMSF Adviser Show, Cooper Grace Ward partner Clinton Jackson gives hosts Aaron Dunn and Jotham Lian a preview of his upcoming session on succession planning and estate disputes at the SMSF A...

The ATO's position on non-arm's length expenditure incurred under a non-arm's length arrangement has now been finalised, but its interpretation has drawn concerns from all corners of the industry. On this episode of SMSF Adviser Show, DBA Lawyers director Daniel Butler joins host Jotham Lian and Aaron Dunn to take a closer look at the ATO's recently released LCR 2021/2. Daniel considers the expect...

The new financial year has just begun, but the road ahead is already looking busy for the SMSF industry. In this episode of the SMSF Adviser Show, hosts Aaron Dunn and Jotham Lian are joined by SMSF Association deputy CEO Peter Burgess as they take a closer look at the next 12 months in the industry. Peter talks about key agenda items for the SMSF Association, including federal budget measures tha...

With 30 June fast approaching, we take a closer look at recent developments that could come into play in the new financial year and what they mean for SMSFs. Host Aaron Dunn discusses the Treasury's long-awaited exposure draft documents on ECPI measures, as well as two bills set to be debated in the Senate this week — the six-member SMSF bill and the bring-forward rule bill for 65 and 66-year-olds...

In this week's special budget round-up, hosts Aaron Dunn and Jotham Lian take a closer look at all the measures affecting superannuation and SMSFs that are set to kick in from 1 July 2022. The pair discuss the abolition of the work test for personal contributions, changes to legacy income streams, the relaxation of SMSF residency rules, new super measures addressing housing affordability, and the...

Proposed changes on how ECPI is to be determined within an SMSF are scheduled to start on 1 July, but with draft legislation yet to surface, what's next for this ongoing issue? In this week's episode of The SMSF Adviser Show, Accurium general manager Doug McBirnie and head of education Mark Ellem join hosts Aaron Dunn and Jotham Lian to take a deep dive into the proposed changes. Mark talks about...

It's been three years since the government first announced a measure to increase the number of members allowed in an SMSF from four to six, and with the next quarter fast approaching, it is increasingly unlikely that we'll see it implemented in time for 1 July. In this episode of the The SMSF Adviser Show, hosts Aaron Dunn and Jotham Lian are joined by SuperGuardian education manager Tim Miller to...

Chartered Accountants Australia and New Zealand superannuation leader Tony Negline takes a closer look at the ATO's recent announcement on non-arm's length income and what it means for practitioners and trustees. Tony tells hosts Aaron Dunn and Jotham Lian how the ATO's draft law companion ruling means that if an SMSF's affairs are not structured correctly, then, even for a minor expenditure, all...

With the government focused on modernising business communications by improving the technology neutrality of Treasury portfolio laws, we take a took at how that will impact the SMSF sector. Host Jotham Lian speaks to co-host and Smarter SMSF CEO Aaron Dunn to explore how changes to business communications, like written signature requirements and record-keeping requirements, will potentially change...

SMSF Association deputy chief executive Peter Burgess dives into the recently concluded national conference to explore key themes and emerging trends from the virtual, two-day event. Peter joins hosts Aaron Dunn and Jotham Lian to take a closer look at what the ATO will be focusing on in the SMSF sector this year, including its approach to new auditor independence guidelines and a new late lodgeme...

SMSF specialist Jemma Sanderson delves into what impact the scheduled increase in the general transfer balance cap will have on pensions and contributions for SMSF clients.  Jemma discusses with hosts Aaron Dunn and Miranda Brownlee some of the potential traps to be aware of where only part of the transfer balance cap has been used before 1 July this year and where clients have commuted pensions a...

With the Accounting Professional and Ethical Standards Board Limited (APESB) recently updating APES 305 Terms of Engagement, ASF Audits head of education Shelley Banton explains what the revised standard means for SMSF firms.  Shelley chats to hosts Aaron Dunn and Miranda Brownlee about what details SMSF professionals will need to include in their engagement letters once the revised standard appli...

With ASIC exploring how access to affordable advice can be improved, including scaled or limited advice, BT head of financial literacy and advocacy Bryan Ashenden discusses what Consultation Paper 332 means for the future of advice. Bryan talks to hosts Aaron Dunn and Miranda Brownlee about some of the challenges and barriers impeding the provision of limited advice, particularly in the SMSF conte...

Following the release of the SMSFRB 2020/1 earlier this year which highlighted the ATO's concerns about new and emerging risks with SMSF property developments, DBA Lawyers special counsel Bryce Figot outlines what some of the ongoing issues are with these types of arrangements. Bryce identifies what some of the red flag areas are for the regulator and where these arrangements tend to fall over fro...

As 2020 draws to an end, hosts Aaron Dunn and Miranda Brownlee look back on some of the key developments and issues for the SMSF industry in what was a challenging and disruptive year. Aaron and Miranda discuss the relief measures and legislative changes implemented this year to address the raft of compliance issues stemming from the pandemic as well as changes on the advice front. They also delve...

Jeremy Cooper, the chairman of retirement income at Challenger, shares his thoughts on the Retirement Income Review with hosts Aaron Dunn and Miranda Brownlee and outlines some of the ongoing challenges with advice in this area. Delving into one of the biggest issues covered in the final report around retirees efficiently consuming capital, he discusses some of the behavioural reasons for retirees...

As part of SMSF week, the SMSF Association and Rice Warner have released comprehensive research investigating the operating costs of SMSFs and how they compare with APRA-regulated funds. SMSF Association deputy chief executive Peter Burgess explains to hosts Aaron Dunn and Miranda Brownlee what some of the key findings of the research are and what they mean for the provision of advice on SMSFs and...

Hosts Aaron Dunn and Miranda Brownlee delve into some of the key insights shared during the SMSF Adviser Technical Strategy Masterclass. They discuss some of the key topics of the event including the proposed requirement to have SMSFs prepare their accounts 45 days before the lodgement deadline and changes to make the relief for electronic execution of documents permanent. With many of the present...

In this episode of the SMSF Adviser Show, DBA Lawyers director Daniel Butler talks to hosts Miranda Brownlee and Aaron Dunn about the ATO's new guidance on administrative penalties in PS LA 2020/3 and what it means for SMSFs. Dan shares his insights on what factors the ATO will typically take into account when deciding to remit a penalty, the types of scenarios where penalties can accumulate to si...

With the federal budget now handed down, hosts Miranda Brownlee and Aaron Dunn discuss the measures impacting superannuation, what was missing from the budget this year, and the government's plans for the SMSF sector in the near future. While SMSFs emerged unscathed from the budget this year, they outline why there could still be major changes to superannuation tax and retirement income further on...

In this episode of the SMSF Adviser Show, hosts Miranda Brownlee and Aaron Dunn are joined by ATO director, SMSF auditor portfolio, Kellie Grant to provide an update of what queries the ATO has been receiving in relation to meeting the restructured APES 110 code and APESB Independence Guide. Kellie shares the ATO's views on what arrangements and behaviours are likely to attract the ATO's attention...

In this episode of The SMSF Adviser Show, Sarah Kendell is joined by national director - commercial at Acumentis, Paul Robbins, to discuss how asset valuations in the property space are being affected by COVID-19. Paul outlines the key compliance considerations for trustees in valuing property assets within their fund, shares some common hurdles experienced through the real estate asset valuing pr...

With the COVID-19 pandemic forcing more businesses to implement flexible work arrangements, host Jo Cronolly is joined by the CEO and founder of Practice Protect, Jamie Beresford, to discuss the main considerations for accounting, bookkeeping and financial services practices during this difficult time. Jamie will share his top tips for ensuring that your team members are working safely and securel...