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Recorded Webinars

Recorded Webinar: SMSF Asset Valuations: Unlisted Shares and Units Practically Explained

Determining market value on unlisted shares and units in unit trusts can be fraught with danger, particularly when evidence may not be sufficient. However, with valuations changing dramatically in light of COVID-19, the task now comes with even more risk. This session looks at th

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About the Webinar

Determining market value on unlisted shares and units in unit trusts can be fraught with danger, particularly when evidence may not be sufficient. However, with valuations changing dramatically in light of COVID-19, the task now comes with even more risk. This session looks at the key issues, including:

  • What might be acceptable for valuation purposes:
  • Audited financial statements
  • Recent sales
  • Independent valuation of underlying asset
  • How much testing is required of underlying assets?
  • What types of third-party verification is sufficient?
  • How has the landscape changed due to COVID-19?
  • Clarifying what trustee has done in relation to valuation of assets
  • What is sufficient audit evidence on valuations?
  • What to do when there is insufficient audit evidence – when should you qualify?
  • ATO position on valuing unlisted shares or units

Presented By

Darren Chinnappa
Nexia Sydney, NSW

Having been a member of the Superannuation Division at Nexia Sydney for over 10 years, Darren has developed expertise in Superannuation (in particular SMSFs), across both accounting and financial planning facets, enabling him to provide a unique and holistic service offering to clients.

Darren graduated UNSW with a Bachelor of Commerce (Accounting & Finance Majors), and has since completed several post graduate qualifications to become a Chartered Accountant SMSF Specialist and a Certified Financial Planner. This has enabled him to develop from a superannuation accountant assisting clients with their tax compliance needs, to also becoming their trusted financial advisor providing advice ranging from choosing appropriate superannuation fund and entity structures, to retirement planning and investments strategies tailored to each client’s specific needs.

Darren keeps up to date with the frequent changes to superannuation and tax legislation so that he can in turn keep his clients and fellow professionals well educated, whether it be through presenting webinars and seminars from time to time, or formulating tax-effective strategies. It is important to strike a happy balance between enjoying life now and building towards a comfortable retirement, which is where Darren believes he adds value to his clients by keeping them informed and on track to achieve their goals by providing them with holistic advice through their various life stages towards retirement and beyond.

Outside of work, Darren is passionate about travelling and exploring other cultures. While he was born in Sydney and completed his HSC at James Ruse Agricultural High School, Darren also lived and studied in India for a few years, which have all contributed to his appreciation for diverse approaches and perspectives. Darren has previously taken part in a Corporate Fighter charity night, which allowed him to explore his competitive side while contributing to a great cause. Other than boxing, Darren has a love for soccer, having played for many local clubs and passionately followed Manchester United over the years.

The expertise Darren has developed throughout his career enables him to provide clients with a robust plan to give them peace of mind about their financial future so that they can focus on all the other aspects of their lives. Darren is approachable and always up for a chat with clients and colleagues as he is a strong believer in building long-lasting professional relationships that are also enjoyable along the way.

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. C

CPD Information

C

Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

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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