The SMSF Adviser Show: Recent Episodes
Momentum Media
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.
In this special episode of the SMSF Adviser Show podcast hosts Keeli Cambourne and Aaron Dunn, CEO of Smarter SMSF, talk with Peter Burgess, CEO of the SMSF Association following his keynote address at the SMSF Association Technical Summit 2026 in Sydney. Listen as they discuss
- The changes and ramifications of the legislative changes in the past 12 months
- The challenges the industry has overcome
- The current state of play for the sector
- Advocacy work done and being done
- What the future state of play may look like
The Division 296 legislation came into force on 1 July 2026 and trustees are now contemplating strategies, or have already put things in place, to ensure they are getting the best out of their funds. In this episode of the SMSF Adviser Show hosts Keeli Cambourne and Aaron Dunn from Smarter SMSF speak with Liam Shorte, director of SONAS Wealth, about what he has seen as an adviser, what challenges he and his clients are facing and what strategies can be put in place.
Listen as the discuss:
- What trustees are doing now
- Strategies that can be considered now
- Estate planning issues
- Looking beyond the numbers and the mental health of trustees
It may be the start of a new financial year but it's never too early to start planning how an SMSF pays its pensions. In this episode of the SMSF Adviser Show, hosts Keeli Cambourne and Aaron Dunn from Smarter SMSF are joined by audit expert Shelley Banton from Super Clarity to discuss the importance of compliance in paying minimum pensions and how the 1/12 rule is still very important.
Listen as they discuss:
- Why the 1/12 rule still matters
- ATO scrutiny in minimum pension payments
- The importance of documentation and planning
- What advisers should do now to avoid any issues
The new PayDay Super rules are imminent and there's only weeks for SMSF trustees and employers to ensure they have put everything in place for the changing rules and regulations. On this episode of the SMSF Adviser podcast, hosts Aaron Dunn and Keeli Cambourne speak with Tony Negline from the Chartered Accountants Australia and New Zealand about the work he's been doing in the lead up and what SMSF trustees need to do to make sure they are compliant.
Listen as they discuss:
- The challenges that employers are facing;
- The steps SMSF trustees need to take;
- What can go wrong;
- What the next few months may look like from a practical perspective
While the dust settles on the Government's Budget proposals the financial sector is left in limbo in regard to the way in which trusts will be treated going forward. In this week's episode of the SMSF Adviser Show, Daniel Butler, director of DBA Lawyers speaks with Keeli Cambourne and Aaron Dunn about the concerns from the industry and what it may mean going forward.
Listen as they discuss:
- The importance of the definition of a trust;
- What impacts the measures may have on estate planning;
- Franking credits;
- What trustees and advisers should do in the interim.
With the ink now drying on the Federal budget, it seems what most thought was going to be a quiet night for the super sector has in fact opened the door on a number of new issues and concerns. In this episode of the SMSF Adviser Show, Keeli Cambourne is joined by co-host Aaron Dunn from Smarter SMSF to unpack what the proposed tax reforms mean for SMSFs.
Listen as they discuss
- Negative gearing and borrowing
- CGT changes and investment structure
- How trusts and estate planning may be affected
- What should trustees and advisers be considering going forward
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Marloo co-founder Shak Lala to unpack how AI is moving from note-taking to becoming a true AI partner for financial advisers.
Shak explains how AI can materially increase adviser capacity, manage SMSF complexity, lift compliance standards, and improve client experience, while also allowing advisers to consolidate their tech stack and avoid the tedious admin tasks.
Tune in to hear:
- How AI tools have evolved already to handle a wider range of tasks.
- What kind of efficiency gains the early adopters are experiencing.
- Where the future of AI in financial advice practices is heading.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn explore some of the key developments shaping the SMSF landscape, including whether the Division 296 tax on high‑balance members could lead to a spike in wind‑ups.
They also break down how the proposed financial adviser education reforms could create a more flexible pathway and grow the number of advisers in the profession, and take a look at how bankruptcy is being treated for SMSF trustees.
Tune in to hear:
- Whether the introduction of Div 296 will drive SMSF wind-ups or if any change will be a drop in the bucket.
- How the proposed changes to education standards could improve access to SMSF advice.
- Why the Federal Court might allow an SMSF trustee to stay on despite bankruptcy.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn unpack the proposals that would see SMSFs included in funding the Compensation Scheme of Last Resort (CSLR) and why the approach to Division 296 post-death earnings attribution is a fraught proposition.
A flurry of consultations flowed this week as the government seeks to address the fallout from the Shield and First Guardian collapses, with the exploding cost of compensation now putting pressure on the government to find new areas to cover the costs and SMSFs are firmly in the conversation.
Tune in to hear:
Whether there is any reasonable basis for including SMSFs in funding the scheme.
Why the draft Div 296 regulations on post‑death earnings attribution are a death tax by stealth.
What else is in the early responses to the draft regs.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by SMSF Association CEO Peter Burgess and Adelaide University's Dr George Mihaylov to break down new research that compares the performance of SMSFs to that of APRA funds.
By applying the same methodology used for APRA funds to a dataset covering more than 400,000 SMSFs, the study delivers a more accurate, "apples with apples" view of sector performance, underscoring the role of advice and diversification in outcomes.
Tune in to hear:
- How investment performance of SMSFs and APRA funds stack up.
- Why there is a much larger variance in performance among SMSFs.
- The benefits that advisers are able to deliver, particularly for low-performing funds.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn sit down with Andrew Inwood, global CEO of CoreData, to explore how SMSFs are evolving and the structural shift from accumulation to decumulation.
Inwood explains that SMSFs are moving into a "next wave" of growth and maturity, with technology, changing member expectations, and an enormous looming intergenerational wealth transfer all reshaping the sector.
Tune in to hear:
- Why younger, wealthier cohorts are increasingly starting SMSFs.
- The central role SMSFs will play in how capital is managed and deployed.
- Why the industry needs to articulate a clear, positive narrative about SMSFs' role in delivering better retirement and intergenerational outcomes.
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Robert Talevski, CEO of Webull Securities Australia, to explore how technology and global markets are reshaping advice and SMSF investing.
Talevski argues that if trustees and advisers go to the effort of running a self‑managed fund, they should be thinking beyond simple passive exposures, while still respecting client risk profiles, retirement horizons and the extra admin burden inside super.
Tune in to hear:
- Why the bigger opportunity may sit with companies using AI rather than building it.
- How ETF use is evolving toward active, thematic and outcome‑focused products.
- The value of advisers looking offshore for opportunities and global diversification.
In the second episode of the SMSF Adviser Show's special SMSF Association National Conference editions, hosts Keith Ford and Aaron Dunn are joined by three more industry experts in Adelaide.
SMSF Association policy manager Keddie Waller joins the show to break down a range of superannuation reforms that are impacting the SMSF landscape, including the AML/CTF changes that are on the horizon.
Then Tony Negline from Chartered Accountants ANZ explains why payday super is going to cause a lot more headaches then many professionals expect, as well as what businesses need to do to get ready for the 1 July start date.
Finally, Dr Evan Morrison from HUB24's Innovation Lab takes us through the ways that artificial intelligence is reshaping professional practice and where the new frontier of agentic AI is heading.
In this special episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by a selection of prominent industry members at the SMSF Association National Conference in Adelaide.
In part one, SMSF Association chief executive Peter Burgess joins the show to talk about where the SMSF sector is heading, how it's growing, and the major issues impacting professionals.
Then Class CEO Tim Steele and Financial Services Council CEO Blake Briggs chat about the thought leadership breakfast on the first day of the conference, why many SMSF members are not receiving advice, and how to get more advice to these members.
There has already been a flurry of activity within the SMSF sector in the first month of the year and keeping on top of all the upcoming changes is set to be a challenge.
On this episode of the SMSF Adviser podcast hosts Keith Ford and Aaron Dunn look at the key themes shaping the SMSF advice industry from the new draft of the Division 296 legislation, to contribution cap changes, the impact of inflation on superannuation and how the latest RBA rate hike will impact superannuation.
Listen as they discuss:
- Impact of Division 296 and contribution cap changes.
- Inflation and transfer balance cap adjustments.
- The need for SMSF practitioners to be on top of the reporting of the self-managed fund.
- Superannuation and the victims of crime bill.
- The RBA rate decision and future legislative changes.
In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn dissect the draft Division 296 legislation with SMSF Association CEO Peter Burgess, including the fresh challenges around equity, complexity and "system neutrality" between SMSFs and large APRA funds.
Breaking down the association's submission to the draft legislation consultation, Burgess stresses that while the sector "won the battle" on unrealised gains, the new fight is ensuring that realised earnings allocated to in‑scope members are fair and transparent, especially given the different calculation methods across fund types.
Tune in to hear:
- Why the TSB integrity measure is a red flag for the SMSFA.
- How the issues that remain in the draft legislation can be fixed.
- When to expect the bill to enter Parliament.
In this episode of the SMSF Adviser podcast hosts Keith Ford and Aaron Dunn take a look back at the biggest events in the SMSF space for 2025, from the federal election and Division 296 uncertainty to tighter regulatory scrutiny across the sector and the ramifications of pension errors.
They also break down concerns that the government may look to drag SMSFs into the Compensation Scheme of Last Resort, including how exactly it could be achieved and whether it makes any sense at all.
Listen as they discuss
- How the Div 296 changes are setting up a Groundhog Day for EOFY
- Whether new draft legislation will actually be seen before Christmas
- Where SMSFs are heading in 2026
- How the CSLR could impact the SMSF sector
In this episode of the SMSF Adviser podcast hosts Keith Ford and Aaron Dunn unpack the unresolved details of Division 296, including how the shift to taxing realised gains may affect high-balance SMSF members, particularly in the year of death. They discuss why "hold-until-you-die" strategies are unlikely to be practical due to pension and liquidity pressures.
They also delve into the government's new Digital Assets Framework Bill, which brings crypto platforms into the AFSL regime to improve consumer protection – an important shift given SMSFs' strong involvement in digital assets.
Listen as they discuss:
- Div 296 uncertainty and end-of-year legislative timing
- Strategy concerns for high-balance SMSF members
- Financial abuse risk within SMSFs
- Role of advisers and practical vigilance
In this episode of the SMSF Adviser Show, CoinSpot chief business development officer Tim Wilks joins host Keith Ford to break down the rapid rise of digital asset investing within the SMSF sector – and why trustees are increasingly looking to crypto as part of a broader diversification strategy.
Wilks explains how institutional adoption, regulatory progress and improved compliance frameworks have helped shift perceptions of cryptocurrency from a speculative punt to a legitimate high-growth asset class.
Tune in to hear:
- Why SMSFs are increasingly allocating to cryptocurrencies and other digital assets.
- How to practically work with SMSF clients in the digital asset space.
- Why advisers who skill up early on crypto will be better positioned to attract and retain clients as demand accelerates.
In this special episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Liam Shorte, managing director of SONAS Wealth, and Phil Broderick, principal at Sladen Legal, at the SMSF Technical Strategy Day in Sydney.
Shorte joins the show to discuss the evolving world of contribution and why it's important to understand the contribution rules and caps to ensure planning decisions remain sound regardless of the final policy settings.
Listen as Broderick unpacks a range of estate planning issues he covered in his session at the strategy day, including how some recent case law should impact the way SMSF professionals consider death benefit nominations.
After nearly two decades, the SMSF lending market has matured into a stable and well-regulated segment – yet complexity and misconceptions persist. Bluestone Home Loans head of specialised distribution, Richard Chesworth, joins host Keith Ford to break down the nuances of limited recourse borrowing arrangements (LRBAs).
From redrawing for property repairs to understanding offset structures and pre-2018 grandfathering rules, Chesworth highlights that success in SMSF lending depends as much on precision and teamwork as it does on opportunity. Listen as they discuss:
- How advisers can work through the complexity that still exists in SMSF borrowing.
- What technical traps remain and how redraws, offsets, and refinancing can trigger compliance risks.
- The importance of collaborating closely with lenders and prioritising expertise and structure over rate alone.
The announcement this week from the government outlining the changes to the $3 million super tax was met with relief, but there are still many unknowns. On this episode of The SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn unpack the changes from the initial proposal to the current version released this week.
The discussion emphasises that while the major concerns of taxing unrealised gains and lack of indexation have been addressed, many technical details still need to be clarified through the legislative process and further consultation.
Listen as they discuss:
- Taxable earnings: Originally, the tax applied to all earnings, whether realised or not. The revised measure will only tax realised gains.
- Indexation: The $3 million threshold will be indexed against the Consumer Price Index (CPI) in $150,000 increments, pegged to transfer balance cap movement. The $10 million threshold will be indexed in $500,000 increments, also aligned with CPI.
- Tax rates: For balances above $3 million, an additional 15 per cent tax applies to earnings. For balances above $10 million, an additional 10 per cent tax applies to earnings.
- Start date: The effective start date has been moved to 1 July 2026, with the first assessments issued in the 2027–2028 financial year.
- Liability: The tax liability remains with the individual, who can pay it directly or seek a release from their super fund. The ATO will calculate the tax.
- Consultation: There is optimism for constructive consultation on the implementation details, particularly regarding how realised earnings will be calculated for APRA funds and SMSFs, and the treatment of CGT discounts and pre-2026 asset gains.
Updated legislative and regulatory instruments were added to the ever-expanding cache in the SMSF sector last month. In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn unpack what it all means with Bryce Figot, special legal counsel for DBA Lawyers.
Figot delves into the changes made in LCR 2021/2 and TR 2010/1, focusing on non-arm’s length income provisions and contributions and specifically how they may affect professionals working in the sector.
Listen as they discuss:
- The new “safe harbour” example (7A) in LCR 2021/2.
- Paragraph 51, outlining discounted prices for SMSF services.
- Contribution updates in TR 2010/1 that clarify how acquiring an asset for below-market value is not a contribution if it’s a purchase under a sale contract.
- The importance of proper documentation and arm’s length valuations that are crucial for mixed part-purchase and part-contribution scenarios.
- The disproportionate outcomes that still exist where small non-arm’s length capital gains can taint entire net capital gains or distributions from unit trusts.
The SMSF sector is in a holding pattern as key regulatory and legislative changes remain unresolved. In this episode of the SMSF Adviser podcast, hosts Aaron Dunn and Keith Ford discuss some of the key changes that are still to be clarified, such as the Div 296 tax and the much-anticipated NALI/E amendments.
The podcast touches on recent updates from the ATO, specifically regarding Law Companion Ruling (LCR) 2021/2 relating to super contributions and the recently released annual Class Benchmark report.
Listen as they discuss:
- Revelations that more SMSFs will be impacted by the proposed Div 296 than originally estimated.
- The changing face of the SMSF sector demographics.
- The ongoing advice gap in the SMSF sector.
- Implications of commuting market-linked pensions.
Market valuations have emerged as a crucial area in the SMSF sector, particularly in light of regulatory changes and heightened ATO scrutiny. The looming spectre of Division 296 further complicates the landscape, particularly regarding the methodology used for valuations.
In this episode of the SMSF Adviser Podcast, host Aaron Dunn, chief executive of Smarter SMSF, is joined by industry stalwart Shelley Banton, head of technical for ASF Audits, to delve into the changing expectations for valuations and meeting the challenging compliance requirements.
Listen as they discuss:
- The complexity of market valuations, especially for assets that lack readily available market data.
- Concerns around private credit.
- Practical solutions that may support auditors.
- The shift in expectations for the auditing profession.
The updated rules on when a pension commences and ceases have created confusion in the SMSF sector. On this week’s episode of the SMSF Adviser podcast, hosts Aaron Dunn and Keith Ford delve into the intricacies of TR2013/5 with Tim Miller, head of education and technical for Smarter SMSF.
Miller explains how the revised ruling, which was updated in June 2024, primarily reflects changes from the super reforms introduced on 1 July 2017. He provides a fresh perspective on what needs to happen when a super income stream fails to meet the pension standards for a financial year, particularly with minimum pension requirements.
Listen as they discuss:
- How the consequences of failing to meet pension standards have become more stringent.
- The trust law aspect of pensions.
- The importance of understanding the minimum pension obligation and the consequences of failing to meet it.
- The retrospective application of these rules.
- The complexities surrounding TRIS.
- The time frame for losing ECPI beyond the traditional 12 months.
Australia is currently grappling with a complex web of regulatory reforms, which has left many advisers in a state of limbo. In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn discuss the pressing issue of financial advice reform.
One of the most troubling issues is in the advice sector, and after nearly three years since the Quality of Advice Review (QAR) report was delivered, the sector is still waiting for significant progress.
- Listen as Keith and Aaron discuss:
- The fragmented nature of the regulatory framework.
- The challenges in the requirement for an account number on fee consent forms.
- The government's focus on super, particularly in the retirement phase.
- Technical aspects of SMSF management, including deferred tax accounting.
- Recent actions by ASIC against SMSF auditors.
In the latest episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn break down some of the alternative methods to remove concessions for large super balances without resorting to taxing unrealised gains, with a range of options being delivered in recent weeks.
The IFPA put forward compulsory cashing, while Geoff Wilson and Wilson Asset Management offered up a progressive super surcharge model, with both looking to meet the government’s stated aim for Division 296 in a manner that leaves unrealised gains untouched.
Listen as they discuss:
- What is missing when the government talks about liquidity and diversity requirements for super funds that hold farmland.
- The spike in SMSF-related complaints to AFCA, largely on the back of major financial failures like United Global Capital.
- When Division 296 is likely to land back in parliament.
The increase of the transfer balance cap from $1.9 million to $2 million is not as simple to understand as it seems. In this SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn discuss the implications of the TBC rise implemented at the start of the new financial year with industry stalwart David Busoli.
While this shift appears straightforward, it brings complexities, particularly for existing pensioners, due to the intricacies of proportional indexation. Busoli explains how proportional indexation is a critical concept in understanding how the TBC affects individuals and how, for people just starting their pension phase, the indexation process presents several challenges.
Listen as they discuss:
- The necessity for accurate data to ensure proper management of transfer balance accounts.
- Broader implications of the TBC changes, including the impact on non-concessional contributions.
- The ongoing challenges within the SMSF sector, particularly in managing the intricacies of the transfer balance cap and ensuring accurate reporting.
- Division 7A and its implications for limited recourse borrowing arrangements within SMSFs.
It’s the start of a new financial year, but there are still many uncertainties in the SMSF world. In the latest episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn discuss the implications of the upcoming Division 296 legislation, which is set to impact individuals with superannuation balances over $3 million.
As the new financial year kicks off, there is a raft of other topics that SMSF professionals need to pay attention to and plan for the year ahead, and Aaron breaks down all of the areas that deserve a closer look.
Listen as they discuss:
- How a lack of certainty is impacting the sector.
- The continued pushback from a growing cohort of industry bodies.
- The rise in SG and its effect on contribution strategies.
- Timely reviews needed now of investment strategies and estate planning.
With just two weeks remaining until the financial year wraps up, getting an SMSF ready for tax time involves ensuring there is a smooth audit process.
In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn are joined by well-known industry auditor Deanne Firth, director of Tactical Super.
Firth offers some valuable insights and timely reminders for SMSF trustees and auditors to prioritise compliance and leverage available resources to streamline their processes.
Listen as they discuss:
- Obtaining the necessary evidence for valuations, especially concerning private and unlisted companies.
- The timing of audits and the importance of proactive engagement with clients.
- The challenges with valuing unlisted assets, particularly private companies with unique business models.
- The complexities of SMSFs investing in start-up ventures.
- Loans within SMSFs.
- Technology and AI in the SMSF sector.
As the end of the financial year approaches, SMSF professionals are gearing up to navigate the complexities of superannuation contributions and tax planning. In this episode of the SMSF Adviser Show, industry stalwart Liam Shorte, director of Sonas Wealth, explains the essential areas that advisers and accountants should address in the next three weeks to optimise super strategies for their clients.
Managing clients’ total super balance (TSB) effectively is right at the top of the list, with Shorte explaining the importance of having accurate information and why it’s not always a good idea to maximise unused contribution caps if there are any uncertainties around the exact figures.
Listen as they discuss:
- How to access accurate superannuation data through the ATO.
- How to ensure that 2024 financials are reported promptly.
- Contribution strategies for different age cohorts and how they can benefit future planning.
- The increasing problem of debt for those approaching 60.
- Extension of tax planning to age 75.
The $3 million super tax has been headline news around the country over the past couple of weeks and has finally made the front pages of the mainstream media. In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn highlight a critical aspect of the debate that has captured the media’s attention: the difference between the perception and the reality of the implications of the Division 296 tax.
Listen as they discuss:
- The misconceptions and a lack of understanding about the legislation's nuances.
- The political dynamics surrounding Div 296 and its complexities.
- The broader implications of Div 296, particularly its potential impact on estate planning and family businesses.
- The need for advisers to play a crucial role in guiding clients through the complexities of the new tax laws.
With Labor winning the election with a clear majority, the SMSF sector is now once again poised for battle over the controversial Division 296 tax.
In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn sit down with SMSF Association CEO Peter Burgess to talk about the implications of the election results, what it may mean going forward, and the association’s plans to convince the elected politicians on the adverse outcomes of the tax.
The podcast will also delve into the latest draft DBFO legislation and how the proposed changes may affect advisers specialising in SMSFs.
Listen as they discuss:
- The election results and the impacts it will have on legislation.
- Time frames for the legislative process.
- Strategies going forward in lobbying the government.
- The DBFO draft legislation.
In this episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn discuss the issues that may affect super and the policy positions of the two major parties.
Tax reform has been the elephant in the room during the federal election campaign, but there has been some mention of the Division 296 tax by the opposition, which has also made commitments regarding advice reforms and adviser numbers.
This podcast covers some of the big-ticket items concerning the advice and super sectors, including:
- Bargaining by the Greens to reduce the super tax threshold to $2 million and its impact on the transfer balance cap.
- Reforms to the CSLR.
- Increasing adviser numbers.
- Housing policies and tax implications.
In this edition of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn are joined by legal specialist Phil Broderick, principal at Sladen Legal, to discuss the implications of the Bendel court decision – a landmark ruling with potentially far-reaching consequences for SMSFs and private trusts.
This ruling has profound implications for the use of discretionary trusts and corporate beneficiaries, potentially allowing distributions to remain unpaid without triggering Division 7A consequences.
The podcast delves into the significance of the case, drawing parallels to pivotal decisions like Bamford, and explores how it could reshape the landscape for tax and accounting practices in Australia.
Listen as they discuss:
- The interpretation of "financial accommodation" within Division 7A.
- The relevance of this decision for SMSFs
- The potential for the Bendel decision to influence other areas of superannuation law.
In this special post-budget episode of the SMSF Adviser podcast, hosts Keith Ford and Aaron Dunn navigate a complex web of budgetary and political issues.
Although it was a budget with nothing much in it for the SMSF sector, it was what wasn’t included that may have dramatic implications for the sector moving forward.
With the departure of Financial Services Minister Stephen Jones, the sector faces uncertainty over future leadership and policy direction, while the emergence of the Teal independents and the potential for a minority government add layers of complexity to an already unpredictable political landscape.
Listen as they discuss:
- The budget's limited offerings with small tax cuts and cost-of-living adjustments taking centrestage.
- The alignment between the reduced tax rates and superannuation accumulation rates.
- The broader implications of the upcoming election on the SMSF and financial services sectors.
- The DBFO 1.5. proposed changes, including the shift from a statement of advice to a client advice record.
With auditing season in full swing and the ATO increasing its scrutiny of the sector, this week’s SMSF Adviser podcast focuses on the challenges auditors may face regarding compliance. Hosts Keith Ford and Aaron Dunn are joined by legal specialist Bryce Figot from DBA Lawyers, one of the sector’s leading experts in the intricacies of SMSF auditing, to discuss what’s involved in managing the myriad regulatory obligations SMSF auditors now face.
Figot touches on, among other things, the Tax Office’s renewed focus on auditor compliance for 2025 – especially in maintaining professional standards and quality control. He also reflects on the importance of auditors as gatekeepers in the industry with responsibility for ensuring the integrity of over a trillion dollars in SMSF assets.
The podcast also delves into:
- The ATO's scrutiny of ‘volume auditors’.
- The importance of professional indemnity insurance for SMSF auditors.
- Pricing matters and what auditors should be charging per audit.
- The rigours and importance of documentation.
- The evolving landscape of the SMSF auditing industry with a shrinking number of auditors and an increasing number of SMSFs.
In this special two-part episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by a selection of prominent industry members at the SMSF Association National Conference. In part two, Tracey Scotchbrook, head of policy and advocacy at the SMSF Association, joins to break down the major regulatory issues impacting the sector, including the ongoing confusion around how to apply wholesale investor thresholds for SMSFs. Ben Marshan, director at Marshan Consulting, also joins the show to talk about the importance of financial advisers staying ahead of regulatory shifts to ensure they are prepared for the future, rather than waiting for long-gestating reforms to take place before streamlining their practice. Finally, Peter Crump, senior consultant at BDO, covers the importance of an exit plan for SMSF members and the considerations that can maximise client outcomes when it comes time to wind up a fund.
In this special two-part episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by a selection of prominent industry members at the SMSF Association National Conference in Melbourne. In part one, SMSF Association chief executive Peter Burgess and Class CEO Tim Steele join the show to talk about the thought leadership breakfast on the first day of the conference, the growth of the SMSF sector, and the major issues impacting professionals.
Phil Broderick, principal at Sladen Legal, also joins the show to break down the considerations when advising clients on which type of investment structure they should use depending on their personal circumstances and goals.
Finally, Shelley Banton, head of technical at ASF Audits, covers the thorny subject of business real property and the difficulties that auditors can have in determining whether an investment meets the criteria or if a member is trying to fit a square peg in a round hole.
It’s already been a hectic first few weeks of the year in the SMSF sector with legislative changes and political manoeuvring. In this week’s SMSF Adviser Show, hosts Keith Ford and Aaron Dunn delve into what has happened and what may transpire in the coming months. They’re joined by Daniel Butler, director of DBA Lawyers, to talk about the complexities of investing in rental properties within SMSFs, the considerations advisers need to keep in mind, and the impact of various state taxes on property investment.
With a burgeoning interest in property as a significant asset class within SMSFs, Butler highlights the nuances and challenges trustees face.
Listen as they discuss:
- Investment trends in SMSFs.
- Key considerations of commercial v residential property.
- Regulatory and tax implications.
- The challenges of property management.
- The evolving tax landscape.
There has been significant movement in the digital advice space over the past decade. As the industry accelerates its efforts to address the undersupply of financial advice, digital solutions are essential to meet the demands of Australia’s 12.9 million financial advice beneficiaries. In this episode of the SMSF Adviser podcast, host Keith Ford talks to David Barrett, an independent consultant with a wealth of experience in the industry, to delve into the evolving landscape of digital advice for SMSFs.
Barrett highlights a recent partnership between a digital advice provider and a major institution, showcasing the industry’s progress. While the initial iterations of digital advice have been simplistic, they have laid the groundwork for more complex solutions in the future. However, when faced with complex scenarios such as defined benefit schemes, digital advice may still require human intervention. Listen as they discuss:
- The role of digital advice in SMSFs.
- Challenges and drawbacks of digital advice.
- Legislative agenda and future considerations.
In the first episode of the SMSF Adviser Show for 2025, hosts Keith Ford and Aaron Dunn take a look at the hot topics that will impact the SMSF space in the new year.
The pair discuss the upcoming federal election, which is set to dominate the outlook for the first half of the year, as a range of measures related to SMSF advice hang in the balance and are unlikely to be decided until the polls are closed.
Listen as they discuss:
- Why litigation over estate benefits is expected to continue to grow.
- How a strong focus on retirement outcomes will take centrestage in 2025.
- The possibility of accountants being given a larger role in providing financial advice.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Tim Miller, SMSF technical and education manager at Smarter SMSF, to break down an early Christmas present for the SMSF sector – the introduction of regulations on legacy retirement product commutations and reserves.
Miller explains why there was a need for these regulations to be put in place and who is set to benefit from legacy pension changes, the important dates for the measures, and considerations for both SMSF members and their advisers when deciding if exiting a pension is the right decision.
The podcast also takes a look back on a big year for SMSF professionals. Even though the Division 296 changes never got across the line, there were changes to the stage 3 tax cuts, the objective of super was legislated, and the government raised the ire of accountants with some ill-advised changes to the code of professional conduct for tax practitioners – and much more.
Listen as they discuss:
- How the SMSF sector was impacted by the biggest events of 2024.
- The key areas covered on the SMSF Adviser Show over the year that was.
- Why a number of these important issues are going to still be on the agenda in 2025.
Following a whirlwind of legislative activity in the last few days of the parliamentary sitting calendar for the year, the Senate passed a number of bills via a guillotine motion. Although the controversial Division 296 tax was not among them after a last-minute reprieve, several other bills were passed that will ultimately affect the SMSF sector.
In this final episode of the SMSF Adviser Podcast for 2024, hosts Keith Ford and Aaron Dunn, CEO of Smarter SMSF, discuss the implications of these measures.
Listen as they discuss:
- The perseverance and success of the campaign by the SMSF Association regarding the Division 296 tax.
- The objective of super bill and how it may influence future policy decisions.
- The collapse of wealth management companies, particularly Dixon Advisory, and its impact on the Compensation Scheme of Last Resort.
- The ATO’s updated advice on long-running NALI regulations.
In a rapidly evolving financial landscape, cryptocurrency continues to carve out its niche, particularly within the realm of SMSFs.
In this SMSF Adviser podcast, host Keith Ford speaks with Simon Ho, the COO and head of SMSF at CoinStash, about how SMSFs can safely utilise cryptocurrencies as part of their investment portfolio.
In this episode, they discuss:
- The difference between an investor and a trader and differing tax treatments.
- The importance of clear reporting and compliance.
- Methods for gaining exposure to crypto assets.
- Strategies to contend with market volatility.
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Andrew McVeigh, managing partner at Remara, to discuss the changes within investment markets that SMSF professionals and investors should keep an eye on. McVeigh explains that Remara has seen the appetite for credit starting to slow, which he said the RBA would consider as it starts to look at potentially cutting rates, while equity markets have been volatile, leading to some good opportunities, some bad opportunities, and a lot of sideways movement.
Listen as they discuss:
- The launch of the Remara Opportunistic Development Fund.
- Limitations on how SMSFs can invest in different asset classes.
- Navigating the complexities of the current market and utilising funds to reduce risk.
In this special episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by a pair of experts on the floor of the SMSF Adviser Technical Strategy Day to provide insight into some of the complex topics facing SMSF professionals.
Daniel Butler, director at DBA Lawyers, joins to discuss the changes to non-arm's length income and expense (NALI/E) rules, why there is still so much confusion, and the need to understand the grey area.
Tim Miller, SMSF technical and education manager at Smarter SMSF, also joins the show to break down the importance of understanding the nuances of different contribution strategies and explain how his contributions matrix can help make things easier.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Julie Steed, senior technical services manager at MLC Tech Connect, to discuss how advisers can refer to the retirement income covenant to help their SMSF clients. As the RIC approaches its second year and new guidance is added, it is becoming clear how well-prepared many SMSFs are in regard to retirement products, but there is still more to be done.
In this podcast the speakers discuss:
- How advisers can assist clients with their retirement income calculations
- Understanding retirement products
- Tax implications for SMSFs in retirement streams
- Incapacity and death and trustee structure in an SMSF
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Tim Steele, general manager at Class, to dig down on the information that came out of the annual Class Annual Benchmark Report. The report is an annual snapshot from a macro standpoint of how the SMSF sector is developing, using data from the Class Super platform, which is representative of the broader Australian SMSF market. This year’s report highlights several trends that are likely to influence the future of the sector.
Listen as they discuss:
- The continued growth of the sector and its projections
- The unmet advice needs of SMSF members
- How the proposed Div 296 may impact funds
- Transition to retirement strategies and their impacts
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Peter Johnson, director of Advisers Digest, to give a sneak peek at his upcoming session at the SMSF Adviser Technical Strategy Day and why it’s vital to understand the evolving needs of older clients. Johnson explains some of the opportunities that are available for older clients as the intersection between contributions and pensions grows and how to deal with uncertainty through careful forward planning. Listen as they discuss: * How clients are trying to preserve as much of their SMSF assets to pass on to their children. * The impact that the $3 million super tax will play in designing strategies. * Why CGT should be top of mind for small-business owners well before they enter retirement.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Matthew Burgess, director of View Legal, to take a look at some of the estate planning considerations that SMSF professionals need to keep top of mind. Burgess explains why the outcomes of a number of recent court cases hold valuable information for everyone in the SMSF sector, as well as highlighting the importance of professionals ensuring they work together to reach the best outcome for their clients. Listen as they discuss:
- Why a project manager role is vital when professionals collaborate on a client’s estate planning.
- What SMSF advisers can learn from the mistakes of others.
- How taking a holistic approach can help avoid pitfalls in the estate planning process.
In this special episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn celebrate the 100th episode of the podcast with a discussion of how the sector has changed over the last four years. SMSF Association CEO Peter Burgess also joins the show to break down the current state of the $3 million super tax bill and why the growing support for amendments to the legislation is a positive sign that the controversial elements, such as taxation of unrealised gains and the lack of indexation, might be fixed. Listen as they discuss: * What the SMSF Association wants to see happen with Div 296 and why the current delays could be a good thing. * How SMSF professionals can deal with the uncertainty that currently pervades the regulatory landscape. * Whether there could be changes to the recent code of conduct for tax practitioners determination.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Chris Hill, co-founder – legal at Inherit Australia, to dive into all of the issues and challenges that can arise when an enduring power of attorney and an SMSF collide. Hill explains why SMSF professionals need to have discussions with their clients around incapacity and estate planning so they aren’t caught out when the time comes, particularly when they may not be aware that power of attorney can also come with SMSF trustee responsibilities.
Listen as they discuss:
- The role of an enduring power of attorney in the context of the definition of a SMSF.
- Why setting up a trusted professional as a “fund guardian” is an important consideration.
- How the two roles can work together in the member’s best interests.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Craig Day, head of technical services at Colonial First State, to discuss the nuances surrounding invalidity for SMSF trustees and members.
Day breaks down some of the positives and negatives of holding TPD insurance within an SMSF and explains what advisers who may be recommending their clients go down this path need to understand.
Listen as they discuss: • The most pressing considerations around invalidity and SMSFs. • Why it is important to understand the compliance rules related to SMSFs and insurance. • The role of beneficiaries in the context of recent legal challenges relating to spouses and de facto relationships.
In this special budget episode, hosts Keith Ford and Aaron Dunn discuss the flurry of activity happening on the regulatory front – and the noticeable absence of the $3 million super tax from the final two sitting weeks of Parliament.
They discuss what has led to the debate over Division 296 being delayed, including the government’s increasingly precarious position in the Senate, as well as some of the recent changes that will have a more tangible impact in the short term, such as the ATO’s update to its tax ruling on pensions commencing and ceasing.
Listen as they discuss:
- The Senate’s recent report on ASIC and its recommendation to overhaul the way the industry funding model operates.
- How TR 2013/5 will operate and what SMSFs need to know.
- The changes to NALI and the impact it will have on SMSF members.
In this episode of the SMSF Adviser Show, Adrian Fisher, head of distribution and product at RedZed, joins host Maja Garaca Djurdjevic to discuss why the self-employed lender has launched a new offering for SMSFs.
Fisher explains that SMSFs are a natural fit for small business owners, but they often run into hurdles, with infrequent super contributions scaring off traditional lenders and making it difficult to secure a loan at all, particularly when it comes to property investments.
Listen as they discuss:
- Why investing in property through an SMSF can be difficult for the self-employed.
- The importance of assessing each borrower on their unique circumstances.
- Filling the gap left by traditional lenders exiting the space.
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Tracey Scotchbrook, head of policy and advocacy at the SMSF Association, to discuss the intricacies surrounding possible changes to the wholesale investor tests.
Scotchbrook explains the background to the current inquiry into the wholesale thresholds, including how SMSFs find themselves in a grey area between the standard $2.5 million threshold and the $10 million professional investor level, as well as why accountant’s certificates are no longer fit for purpose.
Listen as they discuss:
- How the stagnating levels have dramatically increased the number of Australians that meet the requirements.
- The complex regulatory framework surrounding financial services.
- Concerns around the disparity in regulatory costs between wholesale and retail advisers.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Tim Miller, SMSF technical and education manager at Smarter SMSF, to discuss some of the contribution considerations advisers need to keep in mind ahead of 30 June.
Miller explains the concept of a ‘contributions matrix’ and how it can help SMSF members consider the future distribution of their superannuation funds, particularly in the context of blended families and estate planning.
Listen as they discuss:
- How to deal with benefit payments before the end of the financial year.
- The considerations around different fund assets from a tax perspective.
- What advisers need to be talking to their SMSF clients about.
In this special budget episode, hosts Keith Ford, Maja Garaca Djurdjevic, and Aaron Dunn discuss the outlook for financial advice and SMSFs on the back of a budget that revealed little in terms of detail for either sector. They also take a look at some of the measures that were included, as well as why some high-profile topics were left out completely, such as the $3 million super tax being conspicuously absent.
Listen as they discuss:
- The need for more structural change within the taxation system to provide a meaningful impact.
- Why the headline-grabbing inflation predictions could be little more than a mirage.
- The missed opportunities to make a difference for advisers and clients.
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Andrew McVeigh, managing partner at Remara, to discuss the property market and how the current landscape can impact how an SMSF invests.
McVeigh explains what is happening in the real estate market, the factors affecting it, and the strategies that SMSFs can utilise, as well as why the investors don’t need to be constrained by the traditional buy-and-hold model.
Listen as they discuss:
- The importance of diversification and risk management.
- How SMSFs can utilise property investment funds.
- Navigating the complexities of the current market with an adaptable approach.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Tony Negline, superannuation and financial services leader at Chartered Accountants ANZ, to discuss some of the alternatives to the $3 million super tax. Mr Negline explains CA ANZ’s range of position on division 296, detailing a range of alternatives that it has proposed to the government, and whether there is any chance that there will be substantial changed to the current form of the legislation.
Listen as they discuss:
- Some of the criticisms of division 296.
- The likely increase of the transfer balance cap to $2 million.
- What CA ANZ expects to see from the upcoming federal budget.
In this episode of the SMSF Show, host Maja Garaca Djurdjevic is joined by shadow treasurer Angus Taylor to discuss the current state of the financial advice sector, the economy, the housing affordability crisis and more.
Taylor, a key figure in the opposition, shared his views on a range of issues from the government’s handling of the Quality of Advice Review (QAR) to the challenges facing the Australian economy, including productivity, while also emphasising the principle that superannuation is Australians’ money, not the government’s.
The shadow treasurer shares his belief that the answer to most problems is less government intervention and not more.
“I’m a big believer in getting government out of the way as much as you can,” Taylor says.
Touching on Labor’s perceived regulatory overreach, specifically in financial services, Taylor says: “The commitment on our side … is to recognise that there has been regulatory overreach, that we have got a whole group of Australians now that are under-advised, underinsured and underbanked, and that we’ve got to have more accessible financial services and advice if Australians are to have the prosperity they deserve.”
Tune in to hear him speak about:
- The advice profession and the Coalition’s intentions
- Broader economic challenges
- The Help to Buy scheme, and more
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Michael Wilczynski, co-owner of SMSF Property Valuations, to discuss the ins and outs of getting a property valuation that SMSF members can rely on.
Wilczynski explains why this process is vital, especially given the complexities involved in valuing unique properties or those with limited comparable market sales, and how his firm ensures properties are evaluated correctly.
Listen as they discuss:
- The ins and outs of getting a property properly evaluated.
- The nuance required to understand specific and unique markets.
- How regulatory requirements and non-arm’s length rules impact properties held in an SMSF.
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Eleece Quilliam, Client Development Manager at Macquarie’s Banking and Financial Services group, to discuss the key learnings for advisers from the Macquarie Virtual Adviser Network Global Innovation Program.
Quilliam shares insights and practical recommendations from some of the most innovative firms in the US financial services and technology industries that advisers can easily implement in their own businesses.
Listen as they discuss:
- Innovation opportunities such as AI that Australian firms could adopt to scale and grow.
- Takeaways on the opportunities of intergenerational wealth transfer.
- What the advice firm of the future will look like
The Macquarie Virtual Adviser Network (VAN) is provided by Macquarie Bank Limited ABN 46 008 583 542, AFSL 237502 (‘Macquarie’). This podcast does not take into account your objectives, financial situation or needs. You should consider if it is appropriate for you before making a decision, and obtain financial, legal and taxation advice.
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Stuart Wilton, co-head – unlisted funds at Centuria, to discuss commercial property investments. Wilton explains the benefits of including commercial property investments within an SMSF portfolio, as well as some of the barriers that need to be considered when investing in the asset class.
Listen as they discuss:
- Some of the reasons SMSF investors should consider investing in commercial property rather than residential property.
- How investing in commercial property can help SMSF investors achieve their ESG goals.
- The different ways to invest in commercial property.
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Arthur Naoumidis, CEO of the Aligned Disability Property Fund, to discuss investing in NDIS housing. Naoumidis explains why the NDIS provides rent subsidies for disabled Australians and how SMSF members can invest to generate competitive returns and provide a social good.
Listen as they discuss:
- Where investors have been focusing since the inception of the NDIS.
- Why providing more housing for Australians with disabilities in metro areas is important.
- How to invest while mitigating the risks associated with investing in specialised accommodation.
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Yianni Socratous, general manager of Granite Home Loans, to discuss property investment through an SMSF. Socratous explains the different ways that SMSF members can invest in property and what to consider when developing a strategy that fits the specific goals and circumstances of each investor. Listen as they discuss:
- How self-employed business owners can invest in commercial property through their SMSF.
- Investing without a large deposit to avoid impacting cash flow.
- How to utilise an offset account in tandem with an LRBA.
There are so many amazingly successful women in the finance industry, but only a small number have a strong brand and online presence in this traditionally male-dominated industry. As we celebrate International Women’s Day, we want to help more women raise their profile and showcase the incredible professionals in this space. In this episode, partnered by Mortgage Choice (part of the REA Group), we’re picking the brain of its executive manager, corporate communications, events & franchise marketing, Sally Chadwick, to find out:
- How to build a brand presence.
- The benefits of having a strong brand presence.
- Top tips to help you get started today.
And much more!
In this special two-part episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by a selection of prominent industry members at the SMSF Association National Conference. In part two, Scott Hay-Bartlem, chair of the SMSF Association and a partner at Cooper Grace Ward, joins to discuss the importance of bringing together the SMSF community. Katie Timms, director, SMSF services at RSM Australia, also joins the show to talk about the issues surrounding farming assets within an SMSF, such as the risks around non-arm’s length transactions and the nuances specific to farmland. Finally, Julie Dolan, partner and head of SMSFs and estate planning at KPMG, covers how to navigate the intricacies of SMSF management upon a member’s death, including some of the pitfalls that need to be avoided.
In this special two-part episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by a selection of prominent industry members at the SMSF Association National Conference. In part one, Justin Micale, assistant commissioner, self managed super funds risk and strategy at the ATO, joins to discuss the Tax Office’s illegal early access estimates that were announced at the conference, as well as the importance of regulators having a presence at industry events. Meg Heffron, managing director of Heffron, and Tim Steele, chief executive officer at Class, also join the show to talk about the thought leadership breakfast on the first day of the conference and its theme of holding up a mirror to the SMSF sector.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Matthew Burgess, director of View Legal, to discuss the broader importance of trusts. Mr Burgess explains why, despite their perception as vehicle for the wealthy to minimise tax, trusts are a cornerstone of financial planning, providing flexibility, asset protection, and succession planning benefits that outweigh tax considerations.
Listen as they discuss:
- The government’s stance on trusts and concerns that changes are on the way.
- How the $3 million super tax changes will impact the attractiveness of these structures.
- The importance of compliance when dealing with trusts.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Shelley Banton, head of education at ASF Audits, to discuss the issues impacting SMSF auditors. Ms Banton explains why the class action raised against auditors involved in the Melissa Caddick case should not be seen as a black mark against all within the sector, as well as what auditors should be doing to ensure they don’t find themselves in a similar situation.
Listen as they discuss:
- Challenges ahead for SMSF auditors.
- Why the $3 million super tax changes will put greater emphasis on market valuations.
- The ongoing importance of documentation for auditors.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Daniel Butler, director of DBA Lawyers, to discuss the state of play regarding non-arm’s length expenses and income (NALE/I) as we move into 2024.
Mr Butler explains why the legislation continues to be a contentious issue, including where the problems lie, what to expect once it’s finalised, and how it will impact the SMSF sector.
Listen as they discuss:
- The state of limbo the SMSF sector has been stuck in for five years.
- How the proposed changes fall short of expectations and do not fully address the complexities and potential unfairness of the current system.
- The way that innocent and inadvertent oversights can result in major penalties for trustees.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn get out their crystal balls and take a look at what 2024 has in store for the SMSF sector. On the back of a busy year for SMSF professionals that included a host of changes across a wide range of areas, the expectation is for more of the same as consultations and proposed government changes start being solidified. Listen as they discuss:
- How the Retirement Income Covenant will impact the SMSF sector.
- The stage three tax cuts and upcoming federal budget.
- What to expect in the wake of the government’s final Quality of Advice Review announcement.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn reflect on the major issues and changes in the SMSF sector throughout 2023, including regulatory measures that have been finalised and more that were announced.
This year was a big year for SMSF professionals as the government announced shake-ups in a number of areas, with the major talking points including the $3 million super tax, the objective of super, resolution of the NALE/I measures, and much more.
Listen as they discuss:
- How the SMSF sector was impacted by the biggest events of 2023.
- The key areas covered on the SMSF Adviser Show over the last 30 episodes.
- The top stories, strategy, and podcasts throughout the year.
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn discuss the possible pathway for advisers to enter the industry through super funds and progressing from limited advice to fully licensed advisers. On the back of Financial Services Minister Stephen Jones floating the idea that non-relevant providers working in super funds could help increase adviser numbers, the pair look at the possible impacts for SMSFs and whether it could lay a foundation for future SMSF advisers.
Listen as they discuss:
- The ATO’s recently announced illegal early access estimate.
- The September quarter SMSF establishment and wind-up stats from the ATO.
- How the delay in finalising the NALI/E legislation will impact super and the possibility of changes.
Following the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space. In this episode, we chat to Rebecca Warren, executive general manager of small-business banking at CommBank, about how she navigated a historically male-dominated industry over her 20-year career and why she believes inclusion and diversity are not just morally imperative, but key to achieving superior business results. Tune in to find out:
- Why she loves commercial finance.
- The secret power of ‘quiet achievers’.
- How CommBank is creating a more inclusive and supportive work culture.
And much more!
Following the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space.
In this episode, we chat to Suzanne Wood, state general manager residential broker Victoria/Tasmania at Westpac Group (and state chair of the Women of Westpac employee advocacy group), about how she climbed the career ladder in banking and the power of having strong female role models.
Tune in to find out:
- How she learnt the art of having difficult conversations.
- The perils of unconscious bias and how to tackle them.
- How Westpac is supporting women through the Women of Westpac employee advocacy group.
And much more!
In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Peter Burgess, chief executive officer at the SMSF Association, to break down the regulatory landscape for SMSFs. Mr Burgess explains the SMSF Association’s position on division 296 – the government’s proposed $3 million super tax – including where the major issues lie as well as alternative methods if the government moves ahead with the reforms.
Listen as they discuss:
- Suggestions to avoid taxation of unrealised gains.
- Lobbying efforts from the SMSF Association to attempt to change or block parts of the legislation.
- The government’s first draft legislation from the Quality of Advice Review.
Ahead of the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space. In this episode, we chat to Anjali Crossette, manager of motor operations at non-bank lender Liberty, about breaking barriers and misconceptions about car finance and why she believes the industry needs to showcase gender diversity across every rung of the career ladder. Tune in to find out:
- Why the finance industry is an attractive industry to work in for women.
- The progress being made in gender diversity in car finance.
- How Liberty is leading the way by example.
And much more!
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Andrew McVeigh, managing partner at Remara, to discuss private credit. Mr McVeigh explains the ins and outs of private credit, including what SMSF members need to know and how the asset class can bring value to a member’s portfolio. Listen as they discuss: * The different types of private debt that are available. * How SMSF members can access the alternative asset class. * Major considerations for advisers and members when assessing asset quality.
Ahead of the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space. In this episode, host Maja Garaca Djurdjevic is joined by Olympian and financial adviser at HLB Mann Judd, Sarah Carli, to discuss how she made her way from the track to financial advice.
Ms Carli, who competed in the 400-metre hurdles at the Tokyo Olympics in 2020, reveals the valuable skills she has learned as an adviser that have positively impacted her athletic career, as well as how she balances being a professional athlete with working full time.
Tune in to find out:
- The importance of a supportive work environment.
- How she balances her professional and athletic commitments.
- How there are more transferable skills between athletics and advice than many might expect.
And much more!
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Olivia McArdle, head of payment and deposits, and Duncan Booth, strategic account manager at Macquarie Bank, to discuss the importance of cash flow. Ms McArdle and Mr Booth explain why cash is key to effectively managing your SMSF and achieve your investment objectives, as well as the importance of choosing the right tools to manage your SMSF cash flow. Listen as they discuss: • Why is the bank account you choose for your SMSF important? • What an SMSF trustee should be looking for in their SMSF bank account. • Why cash flow management is the lifeblood of an SMSF.
Ahead of the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space. Deslie Taylor, principal at Mortgage Choice Ormeau in Queensland, is one of the top brokers in the country, having settled over $1 billion in loans in her 16-year career and taken home numerous awards including Mortgage Broker of the Year at the Women in Finance Awards multiple years in a row. In this episode, we chat to Ms Taylor about how she runs her award-winning brokerage and find out from Aaron Slater, general manager of distribution at Mortgage Choice (principal partner of the Women in Finance Summit and Awards 2023), how we can help support and create more inclusive workplaces. Tune in to find out:
- The power of being an empathetic leader.
- The art of practising continuous improvement.
- How Mortgage Choice’s Aspire program is supporting women in finance.
And much more!
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Tanya Hoshek, Executive General Manager – National Distribution at La Trobe Financial, to discuss SMSF lending. Ms Hoshek gives a breakdown of the current environment for SMSF investors and the impact of these conditions on the broader economy, including the property market. Listen as they discuss: • How SMSFs are investing and the lending market for these investors. • The residential property market and how Australians are dealing with the fixed-rate cliff. • Navigating the narrow path and avoiding a recession.
Past Performance is not a reliable indicator of future performance. Before deciding to invest with La Trobe Financial Asset Management Limited consider their PDS and TMDs located at latrobefinancial.com.au or by calling them on 13 18 10. Total investor numbers is calculated by adding all individual & joint investors (which includes some investors with a current zero balance in their account) to reasonable estimates of investors investing via platform, trusts or SMSFs.
Ahead of the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space. Joanna James is an advocate for constant reinvention and resilience, having adapted to change over her career in the finance space herself. Having worked in the lending space for more than 20 years – including as the general manager of non-bank lender Mortgage Ezy – she now helps support women in building successful businesses through Artemis Space, a women’s community group delivered by the Finance Brokers Association of Australia. In this episode, Annie Kane sits down with Ms James to find out:
- Why success is subjective.
- The power of visualisation, emotionalisation and manifestation.
- Why she believes the finance industry is a great industry for women.
And much more!
In this episode of the SMSF Adviser Show, host Keith Ford is joined by Raymond Hempstead, founder & managing director at Supavest, to discuss how SMSF members can invest in property Mr Hempstead explains the taxation strategies and incentives to invest in house and land builds through an SMSF, and the different options available to members that they may not be aware of. Listen as they discuss: • Why holding property within an SMSF is not just for high income earners and the possibilities for even first-time investors. • The importance of understanding superannuation is a long-term investment. • Why finding the right adviser is crucial for SMSFs and members.
Ahead of the Women in Finance Summit and Awards 2023, we’re catching up with some of the leading women in the financial services space. Tanya Sale co-founded mortgage aggregation group outsource Financial with Andrea Tassis 13 years ago, with Tanya now one of the very few female chief executives in the mortgage industry.
In this episode, Annie Kane sits down with Ms Sale to find out:
- How a piggy bank triggered her love of finance.
- Why she started her own aggregation business.
- Why she believes support is critical to succeed as a female business leader.
And much more!
In this episode of the SMSF Adviser Show, host Keith Ford is joined by George Haramis, the CEO of moneyGPS and accountantsGPS, to discuss how digital advice services can assist SMSFs. Mr Haramis explains why he launched accountantsGPS to help accountants and advisers within the SMSF space, and how his decades of experience in the industry have informed the business and its focus. Listen as they discuss: * The new SMSF Check-Up Report within accountantsGPS and the information it provides. * How both accountants and advisers can utilise the service to benefit their clients. * The plans for the future and what’s next for accountantsGPS.
Tim Steele, chief executive officer at Class, and Jo Hurley, general manager, growth at Class, join the SMSF Adviser Show to talk about the findings of their annual Benchmark Report. Mr Steele and Ms Hurley explain that younger generations are driving new SMSF establishments, but growth in the sector is also being aided by greater longevity for older SMSF members. The pair also cover the superannuation gender gap, including the relatively strong showing from SMSFs versus APRA funds and the “reverse gender gap” seen in under 25s with SMSFs. Finally, Mr Steele and Ms Hurley highlight the disparity between SMSF and APRA fund members enjoying tax-free earnings in retirement phase, as well as the implications of the $3 million super balance cap.
George Haramis, CEO of moneyGPS and accountantsGPS, joins the SMSF Adviser Show to discuss the impact of the government’s response to the Quality Advice Review (QAR) and the future of digital advice in Australia.
Mr Haramis touches on the progress of the proposed digital advice association and whether the government’s slow progress on the QAR has had an impact.
He also covers the role of super funds in advice and whether they can plug the advice gap, as well as exploring some of the broader impacts of the QAR such as the yet-to-be-accepted good advice standard.
Mr Haramis then touches on moneyGPS’s white label digital advice product for super funds, boutique AFSLs, larger AFSLs and accounting firms before giving a preview of what to expect at the SMSF Adviser Technical Strategy Day 2023.
Simon Aboud, chief product and marketing officer at Allianz Retire+, joins the SMSF Adviser Show to talk about retirement income solutions.
Mr Aboud explains why longevity risk is such a concern for retirees and advisers, and how Allianz Guaranteed Income for Life (AGILE) can help mitigate these issues.
He also covers the need for greater innovation with retirement income products and how product providers are responding to the retirement income covenant
Finally, Mr Aboud highlights how macroeconomic themes are affecting retirees and what to expect from the retirement income landscape over the next 12 months.
Greg Hansen, Executive, Group Strategy at HUB24, and Jo Hurley, General Manager, Growth at Class, join the SMSF Adviser Show to talk about Millennials entering the SMSF space.
Mr Hansen and Ms Hurley explain what is causing the expansion of the SMSF sector and how technological advancements enable customised SMSF service offerings for Millennials.
The pair also cover how advisory firms are adapting their practices to effectively serve the evolving demands and expectations of clients.
Finally, Mr Hansen and Ms Hurley highlight what advisers and accountants need to think about when engaging with a younger demographic to cater to their specific needs and preferences.
CEO at CryptoTaxCalculator, Shane Brunette, and tax counsel for CryptoTaxCalculator and director of Cadena Legal, Harrison Dell, join the SMSF Adviser Show to talk about taxation and compliance considerations when investing in crypto through an SMSF.
Mr Brunette and Mr Dell explain the key strategies and considerations essential for individuals and entities to master the complexities of capital gains tax and how to ensure compliance with the sole purpose test.
The pair also cover why the security of crypto assets is important for tax purposes and how to master crypto security including fundamental principles, wallets, and private key aspects.
Finally, Mr Brunette and Mr Dell highlight the significance and hurdles associated with maintaining accurate crypto tax records and how crypto tax software can assist in managing cryptocurrency taxes effectively.
Head of Education and Content at Heffron, Lyn Formica, joins the SMSF Adviser Show to discuss how to keep up to date with regulatory changes in the SMSF space.
Ms Formica explains how recent market developments impact the relevance of SMSFs in the current landscape, as well as the latest regulatory updates that industry professionals need to understand.
She also covers the methods that accountants, advisers, and trustees can employ to remain well informed, and touches on some specific strategies SMSFs can utilise that standard funds can’t.
Finally, Ms Formica highlights the enhanced flexibility offered by SMSFs in comparison to standard industry funds and showcases some circumstances in which an SMSF might not be the right recommendation for a client.
Director at businessDEPOT and head of accounting at Ignition Rebecca Mihalic joins the SMSF Adviser Show to discuss what the evolving technology landscape means for SMSF professionals.
Ms Mihalic explains how AI and automation are changing the way SMSF professionals work, from streamlining processes to making it easier to complete actions, and looks at whether this is a positive development.
She also covers how new SMSF technology fits inside your current tech stack and the benefits of taking a holistic view to deliver consistency for clients.
Finally, Ms Mihalic highlights how these technological advances are able to help relieve the ongoing resource burden that SMSF professionals (and all accountants) face.
Digital Surge co-founders Josh Lehman and Dan Rutter join the SMSF Adviser Show to discuss why SMSF trustees should consider cryptocurrencies.
Mr Lehman and Mr Rutter explain how the unique asset class can help diversify a portfolio, as well as the factors SMSF trustees need to consider when selecting a crypto exchange, such as fees, available coins, and minimum trade requirements.
The pair also cover the way SMSF trustees can purchase cryptocurrencies through their SMSF, and how to ensure the assets are safeguarded.
Finally, Mr Lehman and Mr Rutter highlight the importance of managed custody and detail Digital Surge’s Corporate Affiliate Program and Client Adviser Portal.
AccSource founder and managing director Boobalan Madhavan joins the SMSF Adviser Show to discuss how advice and accounting firms can benefit from outsourcing.
Mr Madhavan explains the problems that outsourcing can help solve, as well as how to integrate it into your business while retaining buy-in from your current employees. He also covers how to find an effective outsourcing solution and how to tell that a provider is right for your business. Finally, Mr Madhavan highlights the legal obligations involved in integrating an outsourcing solution and how you install processes, standards and expectations for an offshore team.
In this episode, Aaron Dunn and co-host Keith Ford discuss the ASIC adviser levy increase, the ATO’s draft ruling on the interaction on non-arm’s length income and capital gains tax, court rulings on lost trust deeds, and the increase in ATO penalty fees.
Following the discussion, we share an episode of the ifa podcast, the sister brand of SMSF Adviser, in which host Maja Garaca Djurdjevic is joined by My Money Buddy and The Savings Squad podcast founder Adele Martin to discuss the government’s Quality of Advice Review (QAR) response and what it means for advisers.
This podcast brings you a one-on-one chat that took place at the ifa’s Adviser Innovation Summit in Melbourne, where our host and Ms Martin dissected the government’s response to the QAR.
Ms Martin talks about the response from an adviser’s point of view and why she would like to see less consultation and more action from the government.
She articulates her perspective on future-fit statements of advice and delves into the proposal that suggests superannuation funds will have a significant role in providing advice, highlighting why this approach may not effectively address the issue of limited access to advice.
The federal government has released its response to the Quality of Advice Review final report, which could have ramifications for the SMSF industry.
In this episode, Aaron Dunn and new co-host Keith Ford are joined by SMSF Adviser editor Maja Garaca Djurdjevic to discuss how the QAR response will impact advisers and accountants, including the reduced documentation requirements.
They also look at whether the industry will receive clarity surrounding the changes any time soon.
Aaron and Keith also touch on the Treasury opening consultation around the proposed changes to NALI provisions and the rest of the news from the last fortnight.
With 30 June just around the corner, there are a number of opportunities to examine with SMSF clients as part of year-end tax planning.
In this episode, Tim Miller, SMSF technical and education manager at Smarter SMSF and Smarter SMSF chief executive Aaron Dunn share a range of tips, traps and strategies that SMSF professionals can look to employ with their clients in the lead up to 30 June.
Tim highlights some of the key contribution strategies to think about and why increasing mortgage repayments may drive an uptick in downsizer contributions, particularly in the 55 to 65 age group.
He also discusses some of the dilemmas faced by SMSF professionals and their clients in relation to pensions with the general transfer balance cap set to index to $1.9 million on 1 July.
With younger SMSF trustees driving up SMSF establishments, Jo Hurley highlights the top priorities for trustees in this age group. Class general manager, growth, Jo Hurley discusses the upwards trend in SMSF establishments in the 44 and below age group as reflected in recent ATO statistics. Ms Hurley touches on some of the factors driving the increase in SMSF setups in this age group including more efficient solutions in the market and changes in guidance from the regulators. She also discusses some of the ways this demographic could be better serviced by SMSF professionals including better data visibility and modelling to demonstrate the impact of different strategies.
The federal budget has outlined the government’s approach to some key issues for the SMSF industry. In this special budget episode, hosts Aaron Dunn and Miranda Brownlee discuss whether the quieter budget this year is the calm before the storm with the government still in the process of legislating an objective of super. They also discuss in detail the tweaks made to the non-arm’s length expenses rules and industry disappointment. With tax revenue estimates still the same for the $3 million threshold, Aaron and Miranda also touch on the likelihood of the tax calculation measure remaining the same and what changes are needed with this measure. They also outline what was missing from the budget, including an update on the SMSF residency rules.
ASF Audits head of education Shelley Banton discusses the recent shift in the ATO’s compliance approach and some of the emerging compliance issues for SMSFs. Ms Banton shares her thoughts on the reasons behind the recent spike in trustee disqualifications and where some of the serious breaches are arising. She also chats about the benefits of early engagement with the ATO where issues arise, and explains some of the recent changes to the way the ATO addresses compliance issues following the release of PSLA 2023/1. Ms Banton also highlights the top compliance issues at the moment and where the ATO will be focusing its attention over the next year.
The ATO reveals the trends and characteristics emerging across different groups within the SMSF sector. In this two-part series, Martin Frauenfelder, director of the ATO SMSF Regulatory Branch will share his insights on what the ATO’s statistics reveal in relation to both trustees and the professionals servicing the SMSF sector. In the second part of this series, Martin discusses SMSF auditors and tax agents specifically and where the industry is heading. Martin chats about the consolidation of the SMSF audit industry and the decline in auditor numbers and whether this has impacted audits. He also talks about some of the key statistics for tax agents including lodgment rates.
The Australian Taxation Office reveals the trends and characteristics emerging across different groups within the SMSF sector. In this two-part series, Martin Frauenfelder, director of the ATO SMSF regulatory branch, will share his insights on what the ATO’s statistics reveal in relation to both trustees and the professionals servicing the SMSF sector. Mr Frauenfelder explores the latest trends with SMSF registrations, the use of SMSF professionals by trustees, and how contraventions compare across different subgroups across the SMSF trustee population. He will also discuss some of the changes across different age demographics and what trustees need to be thinking about at different points in the SMSF life cycle.
The SMSF Association and CA ANZ highlight some of the grey areas and potential policy positions that could be taken with the proposed threshold. SMSF Association head of policy and advocacy, Tracey Scotchbrook and superannuation and financial services leader at Chartered Accountants Australia Tony Negline share their latest insights about the proposed $3 million threshold for members with large balances. Tracey discusses why an alternative model might result in fairer outcomes for members and also outlines some of the aspects yet to be addressed with the design of the policy so far. Tony talks about the reaction from the accounting profession so far and also the risk of the calculation methodology being adopted for other types of entities. Both guests also provide tips on how to approach the discussions about the measure with their SMSF clients.
Anthony Cullen from SuperConcepts outlines what SMSF professionals should be thinking about in the lead up to the general transfer balance cap (TBC) increasing on 1 July. Senior SMSF technical specialist Anthony Cullen explains the impact of the $200,000 increase in the general TBC and how it may apply to clients at an individual level. For SMSF clients deciding whether to delay starting their pension until July, Mr Cullen highlights factors to weigh up, including loss of exempt current pension income this financial year, the potential for future tax savings and considerations regarding the tax-free and taxable components. He also explains how the increase works in relation to death benefits and how the ability to access indexation will be different for a reversionary pension compared with a newly commenced death benefit pension. Mr Cullen also discusses some of the other strategy considerations in relation to the increase, including for transition to retirement income streams.
Key takeaways and insights from this year’s SMSF Association National Conference. In this two-part series, Aaron Dunn and Miranda Brownlee speak to a selection of expert presenters and prominent industry members at the SMSF Association National Conference. For part two, Simon Kuestenmacher, director and co-founder of the Demographics Group, explores some of the demographic trends shaping the direction of the advice industry and where some of the opportunities lie. Meg Heffron, managing director, Heffron explains the latest strategy ideas for SMSF clients that were covered in her session. Nicholas Ali from SuperConcepts discusses some key points from his session that explored the current lending landscape for SMSFs and what SMSF trustees need to consider with limited recourse borrowing arrangements.
Key takeaways and insights from this year’s SMSF Association National Conference.
In this two-part series, Aaron Dunn and Miranda Brownlee speak to a selection of prominent industry members at the SMSF Association National Conference. In part one, SMSF Association chief executive Peter Burgess touches on some of the key developments discussed in his legislative and regulatory update and the impacts they may have. We also hear from Shelley Banton, head of education, ASF Audits, who highlights some of the common documentation traps leading to disputes that were covered in her workshop. Class chief executive Tim Steele and general manager for growth, Jo Hurley, chat about some of the insights shared at the thought leadership breakfast on what the future for the SMSF industry looks like.
Daniel Butler from DBA Lawyers explains Treasury’s recent consultation on the non-arm’s length rules and what it means for SMSF professionals. In this episode, Mr Butler discusses in detail how the proposed changes would operate and how the industry has reacted so far. He also highlights some of the issues with the non-arm’s length income provisions that were not covered in the consultation and what changes industry bodies would like to see in this area. Lastly, he touches on the potential implications of these proposed provisions for the SMSF administration, accounting, advice and audit processes for funds.
View Legal director Matthew Burgess provides useful insights and tips in helping SMSF clients address incapacity issues. In this episode, Mr Burgess explains the potential implications of an SMSF member losing capacity in an SMSF and what can be done to prepare for these kinds of events. He also discusses the role of SMSF professionals in encouraging clients to prepare for potential incapacity and the risks for professionals in failing to have these kinds of conversations with clients. Mr Burgess also touches on some of the issues that can arise in terms of documents, including an enduring power of attorney.
The most significant changes and challenges set to impact SMSF professionals and their clients in the year ahead. In the first episode for 2023, hosts Aaron Dunn and Miranda Brownlee outline some of the legislative, regulatory and systemic changes that SMSF professionals may need to prepare for this year. With the ATO intensifying its compliance focus on SMSFs and set to finalise its guidance on rectification decisions and education directions, they discuss why 2023 will be an important year from a compliance perspective. Aaron and Miranda also chat about the government’s continued focus on modernising business communications and registers and some of the expected changes in relation to SIS laws. They also talk about other changes on the horizon including the shift to quarterly-based reporting for TBAR, outcomes from the Quality of Advice Review and other potential policy changes for super.
Aaron and Miranda delve into the latest SMSF statistics to examine the different clusters of SMSF trustees and how professionals can better service these groups. ATO statistics reveal there are two distinct age groups emerging in the SMSF sector. While younger trustees account for a significant proportion of SMSF establishments, trustees over the age of 70 make up a large portion of the overall SMSF trustee population. In this episode, Aaron and Miranda examine the trends and characteristics of these two groups and what planning considerations or specialist services they might require. They also look at some of the other prominent subsections of the SMSF population, including small-business owners and the trends occurring in this group.
Hosts Aaron and Miranda celebrate the 50th episode of the SMSF Adviser Show and reflect on the major issues and changes in the SMSF sector this year. In this special episode, Aaron and Miranda highlight some of the memorable guests and topics covered across the 50 episodes of the show so far. They also chat in detail about some of the significant developments for the SMSF sector this year, including the recently released guidance from ASIC on SMSF advice. They discuss the impact of various legislative and regulatory requirements on the sector including the work test changes, downsizer changes, director ID requirements and SuperStream.
Camilla Love started F3 — Future Females in Finance to bring more women into the financial services industry. The program — which won the Women’s Community Program of the Year award 2022 from the Women in Finance Awards 2022 — aims to educate young women about careers and finance and nudge as many of the next generation of female talent into financial services as possible.
In this episode of In Focus, partnered by Mortgage Choice, we catch up with the founder of F3 (and managing director of eInvest), Camilla Love, and Mortgage Choice's executive manager corporate communications, events & franchise marketing, Sally Chadwick, to discuss what more we can do to ensure greater female representation in finance.
Tune in to find out:
- The turning point that led Camilla Love to start F3
- What we can be doing to welcome more women into financial services
- What the future looks like for women in finance
And much more!
Matt Crofts from Crypto Tax Calculator provides an update on what’s happening in the crypto space and highlights important considerations for SMSFs.
In light of the recent collapse of cryptocurrency exchange FTX, Matt offers advice on what SMSFs should look for when choosing exchanges, how to keep on top of record keeping requirements, the potential implications for funds where crypto assets have been lost or frozen, and what the CGT consequences may be.
Matt also highlights some of the trends and emerging issues with cryptocurrency investing at the moment and what SMSF professionals and their clients need to be thinking about.
Smart Business Solutions chief executive Shannon Smit talks about the evolution of her business and shares her insights on complex SMSF planning issues.
After recently taking out SMSF Adviser of the Year at the Women in Finance Awards, Shannon discusses how she first she started her business and how it has grown over the past 15 years.
Shannon talks about how she first fell in love with SMSFs after undertaking a property development through a 13.22C unit trust in her own fund and some of the many technical strategies she’s dealt with for clients since then.
She discusses how being able to offer clients a holistic planning service across financial advice, accounting and mortgage lending has been a significant competitive advantage and some of the other unique elements of her business.
With Smarter Business Solutions primarily focused on business owners in their 30s and 40s, Shannon highlights some of the unique aspects to servicing this demographic and the types of strategies that work for these clients.
DBA Lawyers director Daniel Butler provides tips and insights on guiding SMSF clients through the ATO’s early engagement and voluntary disclosure service.
With contraventions on the rise and the ATO undertaking more reviews, Daniel Butler explains the types of circumstances where SMSF clients may want to use the ATO’s voluntary disclosure service.
Daniel also discusses what SMSF clients need to do to prepare when making a voluntary disclosure and how the ATO may respond.
He also explains the kinds of proposals that might be included in a voluntary disclosure including an enforceable undertaking and advises SMSF professionals on the importance of warning clients on the potential consequences including penalties and the fund being rendered non-compliant.
The budget measures impacting SMSFs and the issues where there is still uncertainty.
Hosts Aaron Dunn and Miranda Brownlee discuss Labor’s stance on some of the SMSF measures announced by the previous government including the SMSF residency changes and what details remain unclear at this point.
They discuss the proposed increase in penalty unit amounts and Labor’s plans to change the treatment of off-market share buy-backs and what impact these measures may have on SMSFs.
The episode also highlights some of the missing items from the budget including whether the government will proceed in making changes to the non-arm’s length income provisions and the two-year amnesty for legacy pensions.
Aaron Dunn also shares his predictions on what the SMSF industry might see in the upcoming May budget next year.
The financial services industry has historically been male-dominated but encouraging more women into the space is not only good for society, but good for business too.
In this episode, partnered by Mortgage Choice, Anthony Waldron, chief executive of financial services and Mortgage Choice at the REA Group, outlines how the industry can move away from being “male, stale and pale” and encourage more women into the space.
Tune in to find out:
- The barriers that might be holding back female representation
- What can be done to encourage diversity in industry
- Why Mortgage Choice is partnering with the Women in Finance Awards 2022
And much more!
Four of the expert presenters from the SMSF Adviser Technical Strategy Day share some of their insights and practical tips from their sessions.
Heffron managing director Meg Heffron discusses some of the opportunities and strategies emerging with pension planning for SMSFs.
Clinton Jackson from Cooper Grace Ward Lawyers talks about his session on the current state of play with BDBNs and what it means for SMSFs.
Tim Miller from Super Guardian touches on a couple of key lessons from his session on compliance hurdles with cryptocurrencies and other digital assets.
Finally, Shail Singh, acting lead ombudsman for investments and advice at the Australian Financial Complaints Authority, shares some practical tips from his session on dealing with disputes and updates on various legislative developments.
BT’s Bryan Ashenden shares his predictions on the where the QAR proposals may end up and flags some potential issues to be worked out.
In this episode, BT head of financial literacy and advocacy Bryan Ashenden discusses why moving to a principles-based approach as outlined in the recent QAR proposals paper will a be a positive but significant adjustment for advisers.
He also highlights some potential issues arising from a couple of proposals including the risk that a change in the advice definition could create for adviser marketing materials.
He also discusses how some of the proposals have been received by various groups and how he sees some of the specific proposals playing out, such as the removal of statements of advice.
Shadow financial services minister Stuart Robert shares his views on the Quality of Advice Review proposals and where he sees financial services heading.
In this bonus episode, Stuart Robert MP chats to editor of Mortgages Annie Kane about the property downturn, the economy, and his concerns with increasing building costs.
He also discusses how technology might shape the future of financial services and financial advice and some of the big questions that will need to be addressed.
Reflecting on the education reforms for advisers, Stuart Robert explains where some of the issues with the current regulations stem from and why there needs to be a more unified voice for the advice industry.
He also shares his thoughts on some of the recent proposals made by the Quality of Advice Review.
Shadow financial services minister Stuart Robert shares his views on the Quality of Advice Review proposals and where he sees financial services heading.
In this bonus episode, Stuart Robert MP chats to editor of Mortgages Annie Kane about the property downturn, the economy, and his concerns with increasing building costs.
He also discusses how technology might shape the future of financial services and financial advice and some of the big questions that will need to be addressed.
Reflecting on the education reforms for advisers, Stuart Robert explains where some of the issues with the current regulations stem from and why there needs to be a more unified voice for the advice industry.
He also shares his thoughts on some of the recent proposals made by the Quality of Advice Review.
Tracey Scotchbrook provides valuable tips on how to approach the wholesale and sophisticated investor rules for SMSF clients.
In this episode, SMSF Association policy manager Tracey Scotchbrook outlines some of the different tests that apply for classing clients as wholesale or sophisticated investors and where they might apply for SMSF clients specifically.
Tracey highlights some of the grey areas in the rules resulting from a lack of guidance and why the sophisticated and wholesale investor rules need further review and reform.
She also explains how both advisers and accountants can protect themselves from some of the risks in this area by ensuring clients are adequately informed and keeping good records.
Tracey Scotchbrook provides valuable tips on how to approach the wholesale and sophisticated investor rules for SMSF clients.
In this episode, SMSF Association policy manager Tracey Scotchbrook outlines some of the different tests that apply for classing clients as wholesale or sophisticated investors and where they might apply for SMSF clients specifically.
Tracey highlights some of the grey areas in the rules resulting from a lack of guidance and why the sophisticated and wholesale investor rules need further review and reform.
She also explains how both advisers and accountants can protect themselves from some of the risks in this area by ensuring clients are adequately informed and keeping good records.
SMSF specialist auditors Shirley Schaefer and Chris Levy delve into the five biggest issues for SMSF audits at the moment and offer up some practical tips.
In this episode, BDO partner, superannuation, Shirley Schaefer and Aquila Super partner Chris Levy discuss some of the hurdles with valuations following the ATO’s heightened guidelines — particularly where assets such as business property and unlisted trusts and companies are involved.
Shirley and Chris explain what evidence auditors and the ATO expect to see, as well as how SMSF professionals can ensure a smoother process.
They also discuss some of the ongoing problems with the SuperStream system and how this is likely to impact SMSF trustees at audit time.
With the ATO applying a stricter approach with the sole purpose test, they also explain why some SMSFs may need to review their related property leases.
They also outline some of the risks emerging from the recent shift in the economy and what this means for SMSF audits.
SMSF specialist auditors Shirley Schaefer and Chris Levy delve into the five biggest issues for SMSF audits at the moment and offer up some practical tips.
In this episode, BDO partner, superannuation, Shirley Schaefer and Aquila Super partner Chris Levy discuss some of the hurdles with valuations following the ATO’s heightened guidelines — particularly where assets such as business property and unlisted trusts and companies are involved.
Shirley and Chris explain what evidence auditors and the ATO expect to see, as well as how SMSF professionals can ensure a smoother process.
They also discuss some of the ongoing problems with the SuperStream system and how this is likely to impact SMSF trustees at audit time.
With the ATO applying a stricter approach with the sole purpose test, they also explain why some SMSFs may need to review their related property leases.
They also outline some of the risks emerging from the recent shift in the economy and what this means for SMSF audits.
ATO client engagement directorDalila 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 income will need to be reported under the new framework where the SMSF is currently an annual reporter.
She also sheds light on a couple of the common reporting errors that the ATO tends to see from SMSFs and how to avoid them.
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.
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.
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.
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.
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.
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.
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 work test and downsizer contributions commencing from July, Liam also highlights some important considerations around the timing of strategies.
He also discusses a number of other critical areas, including making the most of capital losses where clients have been impacted by market volatility and strategies for managing the total superannuation balance and tax for estate planning purposes.
In light of the recent Supreme Court of NSW decision of Benz v Armstrong, Liam also chats about whether SMSF clients may want to review their binding death benefit nominations.
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 she discussed a number of important issues impacting SMSF auditors with the regulator. Belinda also talks about the workshop she ran, which looked at some of the audit implications of issues raised in other sessions at the conference.
Mark Ellem, head of education at Accurium, discusses the workshop he ran with Julie Steed from Australian Executor Trustees, which looked at the recent changes impacting the calculation of exempt current pension income (ECPI) for certain SMSFs.
Finally, Peter Williams from Deloitte Australia provides a recap on some of the developments happening in the SMSF sector and wider financial services space covered in his session, including the expansion of open data, the rise of cryptocurrencies, and changes in the workplace. He also provides a brief overview of some of the emerging risks, such as scams and the need to bolster cyber security.
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 setting and some of the developments happening in the SMSF sector at the moment.
We also talk to BGL managing director Ron Lesh, another panellist at the Thought Leadership Breakfast at the conference, about the future of SMSF services and developments with AI.
Tim Miller, education manager at SuperGuardian, gives an overview of some of the strategy considerations discussed in his session with both account-based pensions and transition to retirement income streams.
We also hear from Clinton Jackson, partner at Cooper Grace Ward Lawyers, who touches on a few of the critical elements to ensuring SMSF assets stay safe during difficult times, which were covered in his session.
We’ll be speaking to more presenters in the next episode, including Belinda Aisbett from Super Sphere, Mark Ellem from Accurium and Peter Williams from Deloitte.
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.
He also discusses the importance of documentation where there are related parties and ensuring arrangements are on arm’s length terms. He also explains what SMSF clients need to provide in relation to the COVID-19 relief provided by the ATO.
With the regulators cracking down on a range of compliance issues in this area, he also touches on some types of situations involving related parties that are likely to be problematic such as building projects.
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 aware of, including some of the exemptions of Treasury Law portfolios with the Electronic Transactions Act.
He also provides an update on Treasury’s consultation regarding the next stage of the government’s Modernising of Business Communication project and what this might mean for the SMSF sector in the future.
Miranda and Aaron also discuss the recent federal budget and discuss tips for SMSF professionals and trustees navigating the new director ID laws.
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 of the pension.
He explores the differences between the two pension systems and highlights important considerations, including age and investment strategy restrictions and some of the ongoing reporting requirements.
He also discusses whether an existing SMSF can be used for the transfer by updating the trust deed and whether there needs to be segmentation between the UK and Australian money.
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 in Ukraine and what protections businesses need to put in place.
Marcus warns that Australia must better prepare itself for cyber attacks, which will be weaponised in reprisal against Australia for supporting Ukraine during the recent conflict. This follows a recent warning from Prime Minister Scott Morrison and the Australian Cyber Security Centre (ACSC) that Australian businesses may be targeted by malicious activity.
He discusses the need for SMSF firms and other Australian businesses to ensure that hardware and software have the latest updates and security measures and close the gap on any vulnerabilities that could be exploited.
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 circumstances can change the tax outcomes by using a detailed example.
She also highlights some of the opportunities and forward planning that can be undertaken for clients in relation to ECPI.
Aaron Dunn and Miranda Brownlee also discuss the recent regulations that were registered and other big news happening in the industry.
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 Labor’s stance on simplifying certain types of advice and the need for a new advice model.
He also discusses broader issues in the financial sector, including housing and superannuation.
In addition, Aaron Dunn and Miranda Brownlee briefly recap some of the key things happening in the SMSF industry in the past fortnight, including the recent passage of the superannuation measures.
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, policy manager at the SMSF Association; Bryan Ashenden, head of financial literacy and advocacy, BT Financial Group, and Michael Davison, senior manager, advocacy and retirement policy, CPA Australia.
The four guest speakers drill down into specific issues with the current regulatory framework for advice impacting both accountants and advisers, including the compliance burden associated with providing single-issue strategic advice and some areas of confusion relating to wholesale investors.
They also outline the improvements they’d like to see made by the government to improve the provision of advice for both consumers and professionals.
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, which can be complex and present a number of practical challenges.
SMSF Alliance practice principal and SMSF specialist mentor David Busoli gives an overview of the key steps involved and considerations that need to be made in relation to compliance, administration and tax.
David also explains the important role SMSF professionals play in acting as an “honest broker” between the parties and provides advice for situations where the separation is particularly hostile.
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, Chris explains some of the challenges this is creating for SMSF audit processes.
He also delves into some ongoing problem areas such as valuations, particularly those for non-standard types of investments, including private entities.
He also provides insights into what SMSF professionals need to focus on in the lead up to the end of the financial year.
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 relating to ECPI, the work test changes for the bring-forward rule and other superannuation will be passed before the election. It is also unclear whether there will be any policy surprises as we head towards the election.
With SMSF professionals still getting to grips with new processes around director identification numbers and SuperStream, the SMSF industry is also expected to encounter some ongoing practical issues. The advice space may also see a shake-up with the government set to conduct a review into the quality of financial planning. The government will also look to modernise documents and payments through its consultation on improving the technology neutrality of Treasury portfolio laws.
Aaron and Miranda discuss where all this may lead for SMSF professionals in 2022 and how professionals can plan ahead.
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 on a single TBAR reporting time frame for all SMSFs. There was plenty happening on the legislative front as well, with new measures announced for SMSFs and super in the budget. SMSF professionals also had to grapple with auditor independence changes, the indexation of the general transfer balance cap, and the impact of COVID.
Aaron and Miranda discuss where the SMSF industry is currently at in dealing with all these issues and any hurdles that professionals are still dealing with.
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 challenges to the SMSF sector, hosts Aaron Dunn and Miranda Brownlee ask Matt Crofts, head of the Simple Fund 360 product at BGL, to share some key insights from a software perspective on what practitioners need to be aware of.
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 for the two and a half day event, profiles the esteemed speakers that will be involved, and shares how delegates can walk away with a plethora of information that will help them develop their strategies both now and in the long term.
Peter also tackles the biggest challenges impacting advisers at the moment and shares how attending the 2022 National Conference will help them mitigate those going forward.
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.
Aaron and Emma also discuss other items hitting the newsroom over the past fortnight, including the research showing a rise in millennial and Gen Z SMSFs, the role advisers have in preventing scams off the back of Scams Awareness Week, and the government’s move to finalise regulations around super funds disclosing their portfolio holdings to members.
In addition, Aaron answers the remaining audience questions from his session at the recent SMSF Adviser Strategy Day, with a particular focus on electronic execution, disregarded small fund assets and new director identification number requirements.
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 one of Australia’s largest and most experienced SMSF specialists, Aquila Super has become the preferred outsourced SMSF provider for hundreds of accounting practices nationwide.
Here, Chris provides a comprehensive, on-the-ground look at how changes to SMSF audit independence and the steady increase in litigation risk will impact the industry moving forward. He also provides insight on the ATO’s increased presence as a regulator for SMSFs, the impact of COVID-19, and the general pressures currently placed on the SMSF and accounting sectors.
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 the common traps advisers are falling into, how to navigate conversations with clients, and what else to expect from this space in the lead-up to the next election.
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 importance of shining a spotlight on mental health issues, share why the consequences of stigmatising mental health are significant, and reveal how you can make a difference to your workplace, community, family and friends.
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 Adviser Technical Strategy Day.
Clinton discusses growing dispute trends, safeguards to avoid estate disputes, and what he thinks of 6-member SMSFs and the opportunities and issues it brings to the table.
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 expectation gap between the ATO and the industry, key concerns that have arisen, and what the future might look.
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 that will see close consultation with the Treasury, as well as key issues that advisers should keep an eye out for in the immediate future.
Peter also previews an upcoming project with the University of Adelaide on the investment performance of the sector, and a new project to help make it easier for people to get out of an SMSF when it is no longer suitable for them.
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.
Aaron also gives his top tips for SMSFs ahead of the end of the financial year.
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 scrapping of the $450 superannuation threshold.
Aaron explains how these measures will affect SMSF practitioners and their clients, and also shares what he had hoped to see in the budget this year.
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 the current state of play and whether we could see another deferral in the 11 May federal budget, while Doug shares some insights into Accurium’s latest survey which sought practitioners’ views about the proposed changes.
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 take a closer look at the six-member SMSF bill.
Tim gives a brief history of the measure, its tenuous links with craft beer, the positive strategies and negative impacts once it’s implemented, and more.
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 the income of the super fund — ordinary and statutory income — could face income tax at the highest marginal tax rate.
He also shares his concerns with the legislation underpinning NALI and what he is ideally hoping for ahead of the ATO’s finalised law companion ruling.
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 under the government’s proposed principles.
Aaron also takes a look at the incoming director identification number regime and how that will impact corporate trustees in the near future.
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 lodgement compliance program.
He also reveals key attendee insights, his favourite session of the conference and his hopes for the national conference next year.
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 and started new ones.
She also explains some of the outcomes that may arise if the contribution caps also increase and how this will interact with different caps and thresholds.
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 applies in relation to outsourced services and cloud computing.
She also discusses the need for firms to establish policies and procedures designed to manage risk and put appropriate quality-control requirements in place.
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 context.
He also explores what a new model of advice regulation could look like and what ASIC’s role will be in regulating the industry following the wind-up of FASEA.
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 from a compliance perspective.
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 into some of the upcoming developments for 2021 including the transition by the industry to the auditor independence standards and some of the outstanding reforms yet to be legislated.
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 holding on to large sums of money throughout retirement including fears over healthcare costs and market shocks.
He also shares some predictions on what policy changes may be considered in the future to encourage retirees to sustainably draw down their retirement savings.
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 superannuation in general.
Aaron and Miranda also discuss some of the key developments this month, including ASIC’s consultation on the impediments facing advisers providing scaled advice and the release of the Retirement Income Review.
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 presentations also outlining important strategy considerations arising from policy changes and potential legislative changes, they will also touch on what means SMSF professionals need to be thinking about with the advice they provide.
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 significant amounts and how the PS LA will result in a more consistent approach.
He also stresses the importance of SMSF professionals encouraging SMSF clients to address any compliance issues as early as possible.
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 the horizon, with the government yet to respond to the Retirement Income Review.
They also provide an update on some of the recent announcements from regulators and recent appointments in the industry.
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 once the transition period ends, and what firms need to be doing in order to meet the independence standards.
She also outlines some of the upcoming guidance that the ATO plans to release regarding auditor independence.
SMSF professionals who have questions for the ATO regarding independence can send their queries to ATOSMSFauditorteam@ato.gov.au.
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 process, and reflects on whether now is a good time for trustees to reevaluate their assets.
Paul explains what steps Acumentis have taken to adjust to remote working conditions, how the property valuation space is helping trustees to fulfil their compliance obligations, and how Acumentis' product offering effectively addresses the needs of SMSF trustees.
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 securely with company and client information, explain why the current environment is attracting an increased number of security risks for businesses and individuals, and talk about the policies that he believes all workplaces should have in place when staff are operating remotely.
Jamie will discuss Practice Protect's security consultation services as well as the importance of structure in a work-from-home environment, and will share his thoughts on how this global pandemic may change the workplace of the future.
In this inaugural episode of The SMSF Adviser Show, hosts Jo Cronolly and Aaron Dunn welcome the managing director of SMSF specialist Heffron, Meg Heffron, to reveal how she's adapting to a COVID-19 environment.
Tune in to hear some tips on best practice for working from home, how Meg's leadership style has changed in light of the extreme conditions, and how Heffron is providing clarity to their client base.
Meg also addresses the importance of blended learning, how accountants and advisers can adjust their businesses to remain relevant, and what Heffron is doing to make their services more affordable right now.