50 episodes

The SMSF Adviser Show features insights from the leading experts in the SMSF industry and explores the biggest themes shaping the SMSF landscape today. Join us as we dive into the latest headlines and developments in the industry.

The SMSF Adviser Show Momentum Media

    • Business
    • 5.0 • 2 Ratings

The SMSF Adviser Show features insights from the leading experts in the SMSF industry and explores the biggest themes shaping the SMSF landscape today. Join us as we dive into the latest headlines and developments in the industry.

    The biggest priorities and issues for the advice profession

    The biggest priorities and issues for the advice profession

    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 compensation scheme of last resort and fee consent forms.

    She also discusses potential moves by the government to improve the ability for advisers to access information from the ATO Tax Portal and Centrelink.

    With the Quality of Advice Review now well underway, Sarah also discusses some of the potential outcomes of the review and what she hopes to see happen for the advice profession. 

    • 30 min
    Highlights from the 2022 SMSF Association Technical Summit

    Highlights from the 2022 SMSF Association Technical Summit

    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 carefully scoping the advice they are providing and ensuring the clients understand that scope.

    Colonial First State head of technical services Craig Day touches on some of the key points from his session, which explored the opportunities and issues stemming from the recent 1 July work test changes.

    Australian Executor Trustees senior technical services manager Julie Steed provides an update on what SMSF professionals should be doing for clients with legacy pensions with the two-year amnesty looking unlikely at this stage.

    SMSF Association deputy chief executive and director of policy and education Peter Burgess discusses his recent appointment as chief executive of the SMSF Association, commencing next March. He also provides a brief recap from his legislative update. 

    • 31 min
    1 July changes: Exploring the opportunities

    1 July changes: Exploring the opportunities

    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-contribution strategies for their client base, with a broader range of clients now able to access this strategy.

    She also delves into some important considerations in relation to pensions and the treatment of amounts above the minimum pension payment following the recent changes. 

    • 25 min
    The impact of Hill v Zuda on SMSF documents

    The impact of Hill v Zuda on SMSF documents

    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 regulation 6.17A does not apply to SMSFs, Bryce explains why SMSFs may want to remove clauses from their trust deed that purposely or accidentally opt into this regulation.

    He also explains how the decision provides certainty that BDBN can override a pension if the trust deed is worded in that particular way. 

    • 26 min
    The latest developments with NALI and NALE

    The latest developments with NALI and NALE

    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 lobby efforts by the industry to rectify some of the issues with the provisions following the election of a new government.

    He also outlines some of the problem areas for SMSFs within the broader non-arm’s length provisions and some of the grey areas with NALI that are still causing confusion.

    • 27 min
    Preventing a SuperStream storm at audit time

    Preventing a SuperStream storm at audit time

    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 auditors will be looking for at audit time. 
    She also outlines what evidence SMSF trustees will need to provide their auditor where they have relied on the ATO’s relief for SMSFs without an SMSF messaging provider that allows for rollovers and release authorities. 
    She also highlights some of the big problem areas in terms of complying with the requirements and the importance of “stress testing” the fund for a range of potential circumstances in order to prevent potential breaches in the future. 

    • 28 min

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