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Recorded Webinars

Recorded Webinar: In-house Assets Rules – Red Flag Signals for SMSF Auditors

Trustees are increasingly exploiting rule complexity and ‘testing’ the 5% rule on in-house assets. Schemes reducing the value of in-house assets are red flags to auditors. Are you picking up all the warning signs? This session looks at the key issues, including:
PRESENTED BY Graeme Colley Executive Manage - SuperConcepts , Sydney

Date/Time

About the Webinar

Trustees are increasingly exploiting rule complexity and ‘testing’ the 5% rule on in-house assets. Schemes reducing the value of in-house assets are red flags to auditors. Are you picking up all the warning signs? This session looks at the key issues, including:

  • Determining whether something is a valid in-house asset or not – SMSFR 2009/4

  • Understanding the exemptions and practical requirements to meet exemption requirements

  • Once defined as an in-house asset does it always remain one?

  • The operation of SIS Regulation 13.22B and its role in exemptions to in-house asset rules

  • What happens when trustees breach the in-house asset rule?

  • Auditor role in determining validity of an in-house asset investment

  • Checking whether the investment satisfies a sole purpose test

  • Ensuring the in-house asset is maintained on a commercial basis

Presented By

Graeme Colley
Executive Manage, SuperConcepts Sydney, NSW

Graeme Colley is the Executive Manager, Technical and High Wealth at Super Concepts where is responsible for its private client program, technical support and education programs. As a well-known figure in the SMSF community with a long-standing reputation as an accomplished SMSF educator, technical expert and advocate for the sector.

Graeme has been involved in many of the changes that have taken place to the government’s superannuation policy during his career. This has included formulating and developing legislation as well as providing high level technical advice. Prior to Super Concepts, Graeme’s previous responsibilities have included Head of Technical and Professional Standards at the SMSF Association and National Technical Manager for OnePath Australia. At OnePath he was involved in providing technical advice on superannuation, social security and aged care to its adviser network. His previous responsibilities have involved the co-ordination of superannuation litigation within the ATO.

Who Should Attend?

This webinar is suitable for SMSF auditors throughout Australia. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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