9:30 AM

LEGISLATION AND REGULATIONS UPDATE – TAX, SUPER, AND FINANCIAL SERVICES

Natasha Panagis, Head of Superannuation and Financial Services - The Institute of Financial Professionals Australia and Joshua Goldsmith, Head of Operational Tax - Computershare

The world of tax, superannuation and financial services is constantly changing. In this session presented by our technical team, join our experts as they take you through the most recent legislative and regulatory developments impacting the tax, superannuation and financial services sector. You’ll gain practical insights to help you understand what the changes mean for your practice and your clients.

10:55 AM

 TAX STREAM    ATO UPDATE

Robert Thomson, Assistant Commissioner and new Tax Time Spokesman

This session focuses on the latest developments in tax regulations. Attendees will be briefed on the newest legislative and regulatory changes in the tax sector, providing valuable insights into how these changes impact both practitioners and their clients.

 SUPER STREAM   ATO UPDATE

Peta Lonergan, Acting Assistant Commissioner Risk and Strategy - Superannuation and Employer Obligations

An informative session dedicated to the latest updates in superannuation from the Australian Taxation Office. Participants will gain crucial knowledge about recent changes and how they affect superannuation practices.

11:45 AM

 TAX STREAM    TPB UPDATE

Phillip Davies, TBP Board Member 

This segment offers an update on the latest from the Tax Practitioners Board. It’s a key opportunity for attendees to learn about the newest regulations and guidelines impacting the taxation field. This update is vital for those looking to stay informed on TPB-related developments.

 SUPER STREAM   SUPER CONTRIBUTION STRATEGIES

Michelle Griffiths, Partner | Investment Advisory & Wealth - TAG Financial Services

With the EOFY fast approaching, now is a great time to look at contribution strategies to help clients maximise their superannuation savings. In this session, we will examine the key contribution opportunities to consider before 30 June 2024, including strategies to prepare for the new financial year. If your client is asset rich and cash flow poor, doesn’t mean you can’t still use these contribution strategies, have you thought about in-specie asset transfers to increase their superannuation prior to 30 June? Understand the rules and things to consider when doing pro-active planning with your clients.

1:35 PM

  TAX STREAM    MAIN RESIDENCE EXEMPTION & DECEASED ESTATES

Karen Goodfellow, Director - Goodfellow Tax Advisory

If you thought the rules regarding the main residence exemption were complicated (and they are), determining whether a main residence exemption is available for a CGT event which happens to a dwelling acquired from a deceased estate is at another level entirely. Whether the exemption is available, in whole or in part, can depend on whether the dwelling was pre or post-CGT in the deceased’s hands, whether the deceased used it as their main residence just before they died (or were they renting it), how much time passes between death and sale by the LPR or beneficiary, how the dwelling is used after death by the LPR or beneficiary and much more.

This session will consider, with the use of examples and illustrations:

• the significance of the two year rule, and how to (potentially) get it extended
• working out the amount of exemption available where more than two years has passed
• whether, and to what extent, an exemption might be available for a dwelling that was not the deceased’s main residence when they died
• the circumstances in which the main residence exemption might be available to more than one dwelling of the deceased’s
• the impact of using the dwelling(s) to produce assessable income, before and/or after the deceased’s death
• how to determine the cost base, the ownership period and the number of non-residence days for the purposes of working out the amount of a partial exemption in circumstances where a full exemption is not available.

 SUPER STREAM   PROACTIVE RISK MANAGEMENT FOR AN ETHICAL PRACTICE

Sean Graham, Director - Assured Support

In this session, we delve into the nuances of maintaining a professional and ethical advisory practice, grounded in an extensive evidence base drawn from over 19,000 client files. With a rich tapestry of insights accrued from decades of hands-on experience, we will navigate the labyrinth of practical challenges that advisers frequently encounter. This exploration will not only highlight the pitfalls and common failures but also impart actionable strategies to surmount these hurdles. Our aim is to equip advisers with the tools and knowledge to uphold the highest standards of professionalism and ethical conduct in their practice.

2:25 PM

  TAX STREAM    SMALL BUSINESS CGT CONCESSIONS

Darren Wynen, Insyt

Those of us advising small business owner clients need to have a strong awareness of how the small business CGT concessions intertwine with superannuation.

This session provides practitioners with the information they need to engage in strategic pre-emptive discussions with clients as they approach or contemplate the sale of their business.

We focus on how using the small business CGT concessions can boost an individual’s superannuation savings, including:

• How the lifetime CGT cap works and the concessions that count towards it
• The key criteria that must be met for the 15-year exemption and the retirement exemption
• The timeframes that apply for small business sale proceeds to count towards the lifetime CGT cap
• How the superannuation eligibility rules and contribution caps affect the lifetime CGT cap

 SUPER STREAM   MANAGING ETHICAL DILEMMAS

Warren Strybosch, Director - Find Group

Are you confronted with ethical dilemmas in your professional life and unsure how to navigate them effectively? Join us for this essential session on managing ethical issues in financial practices, led by Warren Strybosch.

This presentation will dissect a pertinent ethics case study, scrutinising the potential repercussions that financial practitioners and advice practices may encounter when dealing with an ethical dilemma. We’ll revisit core ethical theories and principles to equip you with the framework needed for sound ethical decision-making.

The session aims to underscore the vital role of ethical practices in maintaining a compliant, honest, transparent, and client-focused organisational culture. Using case studies featuring common client scenarios, we’ll illustrate how ethical decision-making can significantly impact the quality of advice outcomes and processes.

This presentation is a must-attend for financial professionals committed to upholding high ethical standards in their practice. Don’t miss this invaluable opportunity to enhance your approach to managing ethical dilemmas.

3:35 PM

LITTLE KNOWN MARKETING SECRET

Tim Reid, Little Known Marketing Secret

How one simple change to marketing your precious business can attract more of the right customers and make you more money.

The marketing world has changed in the past month, the past 6- months, certainly the past 12-months. The great news is, these changes play right into the hands of you … the business owner or marketer.

In fact, there’s never been a better time to market anything. Ever!

So join Tim Reid, radio personality, host of The Small Business Big Marketing Show (Australia’s #1 business marketing podcast) and author of The Boomerang Effect, as he introduces you to a simple yet highly effective marketing approach that makes you look like a legend, returns more of the right customers and makes you more money.

4:25 PM

SMSF SUCCESSION AND RELATED ESTATE PLANNING - 101

Daniel Butler, Director - DBA Lawyers

Are you perplexed by the complexities surrounding superannuation death benefits and estate planning? Join us for this comprehensive session, delivered by Daniel Butler of DBA Lawyers, an expert in superannuation law and estate planning.

This presentation will unravel the intricacies of death benefit planning by covering 101 essential topics, clarify the distinctions and benefits of SMSF wills, BDBNs, and reversionary pensions, and offer an overview of where recent case law stands on death benefits and SMSFs. Furthermore, we’ll explore practical tips, traps, and strategies for effectively planning your superannuation death benefits and related estate planning.

This session is a must-attend for accountants, financial advisers, including financial planners, SMSF trustees, SMSF and estate planning lawyers, tax consultants, and wealth management experts.

Don’t miss this opportunity to gain critical insights into safeguarding your financial legacy.