2016 NATIONAL SUPERANNUATION CONFERENCE 12 CPD hours
25–26 August 2016 Crown Conference Centre, Melbourne Preferred Partner:
taxinstitute.com.au/sup16
WELCOME National Superannuation Conference
It gives me great pleasure to invite you to attend our fourth National Superannuation Conference to be held at the Crown Conference Centre in Melbourne on 25 and 26 August 2016. Now in its fourth year, the conference has emerged to become the premier event for tax specialists within the superannuation industry, uniquely dealing with the tax issues affecting both the large fund and self-managed superannuation fund (SMSF) sectors. Superannuation is a key component of the Australian economy. Superannuation assets have increased from $245billion in 1996 to over $2trillion today. In this light, it is not surprising that the industry figures prominently in almost every government consultation or report in relation to the economy, the financial system or tax reform. This year’s conference will take place shortly after the Federal election, with both major parties proposing significant changes to present taxation settings for superannuation. The conference will provide an ideal forum to discuss the practical implications of these and potential future changes for both large funds and SMSFs, as well as the broader tax issues affecting the industry. This program brings together regulators and leading practitioners from the legal, accounting, audit and financial advisory services fields of the superannuation industry for two full days to discuss tax and related challenges and the opportunities that these will bring. Speakers have been chosen because they are leading superannuation and tax experts with the essential blend of knowledge and experience in the practical application of the laws. A mixture of plenary sessions and two streams of breakout sessions are offered. Delegates can pick and choose breakout sessions from either stream. In addition to the outstanding technical content, the program has been designed to also enable you to network and relax with colleagues and peers, and conference registration includes dinner on Thursday 25 August at the Crown’s stunning River Room. I encourage you to register your attendance on or before Thursday 14 July to receive the early bird discount and ensure your place. I look forward to seeing you there. Ross Stephens, CTA, KPMG Chair, Conference Organising Committee Thank you The Tax Institute gratefully acknowledges the generous assistance of members of the Organising Committee: Ross Stephens, CTA, KPMG (Chair, Conference Organising Committee) Phil Broderick, CTA, Sladen Legal Nidal Danoun, CTA, Prosperity Financial Services Pty Ltd Thalia Dardamanis, CTA, Bernie O’Sullivan Lawyers Stephen Heath, CTA, Wallmans Lawyers Dale Judd, CTA, EY Sharyn Long, CTA, Sharyn Long Chartered Accountants Suzanne Mackenzie, CTA, DMAW Lawyers Nick Panos, CTA, N Panos & Associates Nathan Papson, CTA, Papson Legal Pty Ltd Jemma Sanderson, CTA, Cooper Partners Allister Sime, CTA, PwC Proudly sponsored by:
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TECHNICAL PROGRAM Event summary
Day one – Thursday 25 August 2016 Time
Session
8.30am–9.30am
Registration
9.30am–9.40am
Welcome and Opening Address
Ross Stephens, CTA KPMG
9.40am–9.50am
Tax Policy Update
Thilini Wickramasuriya, FTI The Tax Institute
9.50am–10.50am
Session 1: Keynote Address - Tax reform and superannuation – are we there yet?
Chris Richardson, Deloitte Access Economics
10.50am– 11.15am
Morning tea
11.15am–12.15pm
Session 2A: ATO Presentation In this session the ATO will provide an update on present issues for large superannuation funds in both member taxes and reporting obligations and income tax.
James O’Halloran Australian Taxation Office
Session 2B: LRBAs and Issues with Related Party Loans Interest free and very flexible related and friendly party LRBAs flourished in recent years; especially after several favourable ATO private binding rulings issued. The ATO, in late 2014, then issued ATO IDs 2014/39 & 40 (which then were updated to ATO IDs 2015/27 & 28 due to the look through bare-instalment trust provisions in div 235 of the ITAA 1997 being introduced in 2015). Broadly, the ATO declared that it would tax income from related/friendly LRBAs at 47% as non-arm’s length income (‘NALI’). This session will bring you right up to speed on the latest state of play including:
Daniel Butler, CTA DBA Lawyers
OR
Presenter
Peter O’Reilly Australian Taxation Office
Feedback on the ATO’s PCG 2016/5 and the clarifications that have since issued regarding the safe harbours What ATO activity has been taken since 30 June 2016 and what are the ATO plans for future audits The latest on the LRBAs for units in unlisted trusts and private company shares outside the safe harbours What evidence is required to support LRBAs for units and shares outside the safe harbours What planning strategies and lessons have we learnt to minimise tax risks with LRBAs What to really look out for when reviewing related party LRBAs. 12.15pm– 1.15pm
OR
Session 3A: Trustee/Director Workshop This session will identify key tax issues for directors and trustees especially in light of the ATO guidance in July 2015 on tax risk management roles and responsibilities of directors versus management.
Stephen Callahan KPMG
Session 3B: Real Property Tax Issues Since the 2007 superannuation tax changes, there has been keen marketplace interest in SMSFs holding real property for the purpose of building retirement wealth. This session will deal with the tax issues which arise for SMSFs holding real property as well as the issues which arise as between landlord and lessee, including:;
Richard Friend, CTA Balena Tassa
John Edstein REST
Capital works and plant and equipment write-offs – who pays for it and who owns it? Issues in agreeing leasing terms between an SMSF landowner and related party tenant Tax issues on disposal by sale/distribution in specie SMSF investments in unit trusts – managing the interface between the 50% and one-third CGT general discounts Limited recourse borrowing arrangements – accounting and tax treatment Any new considerations arising out of proposed tax changes.
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TECHNICAL PROGRAM Event summary
Day one – Thursday 25 August 2016 (cont) 1.15pm– 2.15pm
Lunch
Time
Session
Presenter
2.15pm– 3.15pm
Session 4A: International Tax The focus of this session will be on present trends affecting Australian superannuation funds in respect of international investments, both from an Australian tax perspective and internationally (eg foreign filing and the Foreign Investment in Real Property Tax Act).
Mark Edmonds PwC
Session 4B: SMSFs and Asset Protection While much thought generally goes into using and structuring SMSFs in order to obtain the best tax outcome, asset protection issues are often given little, if any, attention. However, the protection of SMSF assets from creditor and family law claims should be considered in order to ensure the hard-earned assets and income of SMSFs are not lost through such claims. This session will examine how, or if, the following potential claims can be protected against:
Peter Bobbin, CTA Argyle Lawyers
OR
Megan McBain First State Super
Creditor claims against SMSF members including the claw back of contributions Creditor claims against SMSF trustees Family law claims against SMSF members. 3.15pm–4.15pm
Session 5A: Emerging Issues in Superannuation This session will provide an overview on various legislative, ATO and other tax-related developments affecting the superannuation industry, including: The new AMIT regime Foreign Income Tax Offsets ISAT Protocol Tax risk Re-write of TR 93/17 BEPS Issues arising from proposed tax changes following the outcome of the Federal Election.
Brad Ivens EY
Session 5B: ATO Presentation In this session the ATO will provide an update on present issues for SMSFs, including ATO insights and perspectives about key aspects of SMSF regulation and tax administration.
Kasey Macfarlane Australian Taxation Office
Philip Witherow, CTA CBus
4.15pm– 4.30pm
Afternoon tea
4.30pm–5.30pm
Session 6A: Indirect Tax for Large Superannuation Funds This session will review topical issues and developments in both GST and stamp duty.
Michael McAuliffe, KPMG Anthony Versace, KPMG
OR
Session 6B: Contributions issues – Past, Present and Future This session will address the current state of play for both concessional and non-concessional contributions.
Jemma Sanderson, CTA Cooper Partners
The session will also address specific issues in respect of excess contributions, which have been able to be refunded from superannuation since 1 July 2013. However, the intricacies in the law and how the refunds operate has resulted in significant implications for funds and members where the provisions are not applied correctly. 5.30pm–6.30pm
Free time
6.30pm–7.00pm
Pre-dinner drinks and networking
Day two – Friday 26 August 2016 Time 7.00pm–11.00pm 8.30am–9.30am
Session Conference dinner, The River Room, Crown Entertainment Complex Session 7: VIP Presentation Hear first-hand from a key and influential decision maker about the latest issues impacting the superannuation industry.
Presenter
9.30am–10.30am
Session 8: Trends in Court Decisions Affecting Superannuation Funds There has been a significant increase in superannuation matters coming before Australian courts. This session will look at a number of recent cases that have been significant for the superannuation industry and identify principles and likely consequences for the industry. It will also cover case law developments that practitioners need to be aware of, and touch on the prospect of class actions against trustees.
Jocelyn Furlan Furlan Consulting
10.30am–11.00am
Morning tea
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Jeremy Cooper Challenger
TECHNICAL PROGRAM Event summary
Day two – Friday 26 August 2016 (cont) Time
Session
Presenter
11.00am–12.00pm
Session 9A: Current Tax Issues for Defined Benefit Funds Many of Australia’s largest superannuation funds continue to have defined benefit divisions, which frequently require special consideration in relation to the application of many aspects of Australia’s tax system for superannuation funds. The session will also address any specific issues for defined benefit funds and defined benefit members, arising from any tax changes following the outcome of the Federal election.
Shayne Carter, CTA Deloitte
Session 9B: Current Issues for Income Streams This session will address the specific issues for income streams following the outcome of the Federal election, including: Potential changes to transition to retirement income streams and the election to treat some or all payments from these as lump sums Any broader changes to the taxation of earnings in the pension phase, and the implications of these changes
Stuart Forsyth, CTA McPherson Super Consulting
Session 10A: Custodian Perspective on Selected Tax Issues This presentation will provide an overview of some of the issues giving rise to new tax reporting requirements or technical input by custodians, as well as some of the particular tax issues arising in custody transitions.
Zaf Kardaras Northern Trust
12.00pm–1.00pm
Kylie Quinn Mercer Marco Feltrin PwC
OR
Session 10B: SMSFs and Dividend Stripping and Dividend Washing Arrangements Dividend stripping and dividend washing arrangements have been on the ATO’s radar in recent years. This includes the release of TA 2015/1 and TD 2014/10, and more recently the offer of an “amnesty” to SMSF trustees allegedly involved in dividend stripping arrangements relating to investments in private companies.
Phil Broderick, CTA Sladen Legal
This session will examine: The ATO’s attack on dividend stripping arrangements under the “general” Part IVA rules as well as under ss 177E, 177EA, 207-145 and the non-arm’s length income rules The ATO’s investigation into dividend washing arrangements, including the recent AAT decision in The Trustees of the WT & A Norman Superannuation Fund v FTC. 1.00pm–2.00pm
Lunch
2.00pm–3.00pm
Session 11A: Investment in Australian Infrastructure The focus of this session will be on current and emerging issues affecting direct and joint investment by large Australian superannuation funds in major Australian infrastructure – for example, roads, airports, ports and public-private partnerships (PPPs).
Richard Buchanan, CTA EY
Session 11B: Death Benefits and Practical Scenarios This highly technical case study session will examine several scenarios where a strategy implemented to achieve particular estate planning intentions either falls apart or achieves its outcomes.
Chris Balalovski, CTA EY
OR
Gina Maio Australian Super
Learn about the tips and traps for particular strategies, and the areas of concern for SMSF practitioners. 3:00pm-3:30pm
Afternoon tea
3.30pm–4.30pm
Session 12: US Tax Issues Affecting Australian Superannuation Fund Members with a US Connection Any member of an Australian superannuation fund who is a US citizen, or an Australian resident whose employment or other circumstances require them to file a US tax return, is likely to be subject to US income taxes on employer and employee contributions to the fund, accrued growth in the fund, and distributions made from the fund to the member.
Roy Berg Moodys Gartner Tax Law LLP Marsha–Laine Dungog Moodys Gartner Tax Law LLP
Ending the conference with a strong international flavour, this session will examine current trends in the US tax treatment of Australian superannuation funds and its implications for US citizens and Australian residents with US tax reporting obligations. It will also discuss the various administrative remedies and legislative policy changes presented before the US Department of Treasury, the Internal Revenue Service, US Tax Court and tax-writing committees of the US Congress that could ameliorate these US tax liabilities. 4.30pm–4.35pm
Closing Address
4.35pm–5.00pm
Closing drinks
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PRESENTER PROFILES An overview of our experts
Chris Balalovski, CTA, is Executive Director of Private Client Services at EY in Sydney. Chris has extensive experience in providing integrated solutions to the needs of high net wealth individuals and business owners in respect to superannuation (including SMSFs), estate planning, asset protection and taxation. His expertise also includes income tax, GST, FBT, stamp duty, land tax and international tax. Particular industry specialisations include financial services, medical, legal and property development. Chris is also the Chairman of the Self-managed Independent Superannuation Funds Association and is a member of The Tax Institute’s Estate Planning Committee. Roy Berg JD, LLM, is Director, US Tax Law, and Barrister and Solicitor of Moodys Gartner Tax Law LLP and has more than 23 years of experience in cross-border tax matters, IRS controversy, estate planning and finance. He has been admitted to the Bar associations of the US Tax Court, California, Washington, and Alberta, Canada. Roy is a fellow with the American College of Trust and Estate Counsel (ACTEC) and a member of the US and Canadian Society of Trust and Estate Practitioners (STEP) and American Bar Association tax sections. He is a frequent writer and speaker on the Foreign Account Tax Compliance Act (FATCA), IRS tax controversy, regulation, cross-border tax and estate planning issues. Roy received his LLM (US Taxation) from the New York University School of Law, a JD cum laude jointly from New York University School of Law and Willamette University, and a BA in Economics from the University of California, Berkeley. Peter Bobbin, CTA, of Argyle Lawyers is in his 30th year of superannuation, taxation and estate planning solutions. Many clients, large and small, have business and family wealth succession plans that are operating today, which were first developed 25 years ago under Peter’s guidance. He is a former lecturer in the Masters of Taxation, Laws and Financial Planning degrees at the University of Western Sydney, and has presented to the ATO, ASIC and a variety of other acronym organisations. In 2015, Peter was awarded SME Tax Adviser of the Year by The Tax Institute. Phil Broderick, CTA, is a Principal, and heads the superannuation team at Sladen Legal. He provides advice to SMEs and high net worth individuals in relation to superannuation, SMSFs, estate planning, trusts, business structuring, duty and tax. Phil is a member of The Tax Institute’s Superannuation Committee, National Superannuation Convention Committee and the Victorian Superannuation Education Sub-committee. He is also the chair of the Technical Committee for the Self-managed Independent Superannuation Funds Association (SISFA) and a regular attendee at the meetings of the ATO’s Superannuation Industry Relationship Network (SIRN). Phil is a regular speaker and author of numerous articles. He has also lectured on superannuation for The Tax Institute’s Applied Tax course. Richard Buchanan, CTA, is a partner at EY and specialises in the tax aspects of major transactions, including mergers and acquisitions, infrastructure and property projects. He regularly provides advice through the life cycle of the transaction, including funding, structuring, due diligence, documentation negotiation and post-acquisition integration. Richard’s role in infrastructure transactions can vary from advising bidding consortiums, representing lending syndicates, advising vendors and representing equity in a consortium. Daniel Butler, CTA, is one of Australia’s leading SMSF lawyers and has worked predominantly in the SMSF, tax and related fields for over 30 years. He is a regular presenter on SMSF topics and has published 6 - THE TAX INSTITUTE - National Superannuation Conference
extensively in professional journals including contributing a monthly article on SMSFs to the Taxation in Australia and other media. Dan is a member of the ATO’s Superannuation Industry Relationship Network (SIRN), the Chair of The Tax Institute’s National Superannuation Committee, a member of the Law Institute of Victoria’s Tax Committee, and is involved with a number of other tax and SMSF committees. Dan presents on the subject Taxation of Superannuation at the University of Melbourne’s Master of Laws/Tax program. Dan is also a CTA and a Specialist SMSF Advisor. Stephen Callahan is Lead Director of KPMG’s Tax Management consulting practice in Australia. Stephen has over 25 years experience working in tax at KPMG, including five years spent in KPMG Lisbon heading up their tax risk management division and over 20 years in the UK. Stephen has a wealth of experience in assisting both large and small multinationals create sustainable improvements in global tax processes. Stephen has a strong and diverse network of contacts having led tax governance and tax performance improvement projects all over the world, not only for businesses but also for the European Commission and the governments of Bahrain, Armenia, Macau and the People’s Republic of China. Stephen is a Fellow of the Association of Chartered Certified Accountants in the UK. Shayne Carter, CTA, Deloitte, has extensive experience in advising publicly offered superannuation funds on issues such as taxation at fund level benefits (particularly defined benefits), insurance income streams. He has assisted various bodies in representations to government on superannuation issues including the AICD. Shayne has been closely involved in structuring publicly offered superannuation and related financial products throughout his career. He has prepared many papers on superannuation and lectures on the Taxation and Regulation of Superannuation at the University of Sydney. Jeremy Cooper is the Chairman of Retirement Income at Challenger Limited, a full-time executive role involving aspects of research, product development and public advocacy of Challenger’s philosophies in a range of areas. Jeremy is a lawyer by training with experience across a broad range of financial services disciplines. Prior to joining Challenger, Jeremy was appointed by the Australian Government to chair a wide-ranging review of Australia’s superannuation system, now known as the “Cooper Review”. Before his review role, Jeremy was deputy chairman of ASIC for five years from mid-2004. He was awarded the 2011 Libby Slater Award by the International Pension & Employee Benefits Lawyers Association in Berlin for his contribution to the Australian superannuation system. Marsha–Laine F Dungog JD, LLM, is a senior US tax lawyer at Moodys Gartner Tax Law LLP specialising in cross-border tax planning and tax compliance services for high net worth individuals and entrepreneurs. She has over 15 years of experience providing international tax consulting services to clients seeking to infuse tax sensibility in cross-border acquisitions and sales, capital funding and expansion, manufacturing, supply and distribution, film production and licensing, real estate investments and philanthropic ventures. Prior to Moodys Gartner, Marsha held tax positions in public and private industries with a Forbes 100 multinational corporation, boutique and international law firms in California and the national tax office of a Big 4 public accounting firm. She is a Financial Industry Regulatory Authority (FINRA) public arbitrator and American Institute of Certified Public Accountants (AICPA) instructor. Marsha is admitted to practice
PRESENTER PROFILES An overview of our experts
in California, Michigan, the Ninth Circuit, US Tax Court and US Supreme Court. She obtained her LLM in Taxation with distinction from Georgetown University Law Center, her JD cum laude from Golden Gate University School of Law, and a BA Honors in Political Science from the University of the Philippines. She was law clerk to Hon Senior Judge Lawrence A Wright of the US Tax Court. Mark Edmonds is a Partner at PwC, with Australian and international tax experience in the infrastructure, property, private equity and financial services industries. Mark rejoined PwC in 2012, following nearly five years with Australian listed company Challenger Limited, as Director of Structuring & Solutions. John Edstein is a consulting lawyer and company director with over 35 years’ experience in superannuation, trusts, tax and financial services laws. He currently holds Director level positions with REST Superannuation, Macquarie Investment Management Limited, Perpetual Equity Investment and is an Independent member of the Australian Defence Force Financial Services Consumer Centre and acts as Special Counsel with Carroll & O’Dea Lawyers consulting principally in wealth and estate structuring for high net worth individuals, senior executives and professional persons. John was Chairman and a Director of The Trust Company (Superannuation) Limited until 1 September 2014, when the company was sold by the Perpetual Group and for 23 years, was a partner in the Sydney office of King & Wood Mallesons where he was National Practice Team Leader of the Tax and Superannuation Group for several years. For many years, John was an author and co-editor of Australian Superannuation Law & Practice (a loose leaf text now published by Thomsons). He has contributed to professional and industry journals and has been a regular presenter for industry bodies and universities. John was a parttime lecturer for the post graduate Diploma of Taxation course at the University of Western Sydney for many years and now lectures in the Master of Laws course for the University of Sydney. Marco Feltrin is a Partner and leads the national superannuation tax practice for PwC. He has over 20 years experience and specialises in providing tax services to large superannuation funds and the funds management industry. Marco has advised many clients on the tax aspects of their investments, both domestic and international. In addition, Marco has provided tax advice on many other matters impacting the superannuation and funds management industry and is heavily involved with government in relation to tax reforms impacting the industry. Marco is a member of the ASFA Tax Standing Advisory Panel.
Committee. He has also been appointed to the SMSF Policy Advisory Council of the SMSF Owners’ Alliance. Richard Friend, CTA, spent most of the first 23 years of his professional career in Brisbane in the tax practice of Andersen and then Ernst & Young. Since 2006, he has operated a tax consulting business through Balena Tassa Pty Ltd. Richard has developed particular expertise in all aspects of structuring for tax, investment planning, superannuation and estate planning for SME and high net worth clients. Most of this work is done by way of consulting to, and providing training for, accountants and lawyers who operate in these areas. Jocelyn Furlan of Furlan Consulting is the former Chairperson of the Superannuation Complaints Tribunal. She held this role for in excess of seven years from September 2007 to March 2015. Prior to being Chair she was the Deputy Chairperson from March 2006. In 1991 she started her own tax practice and took up a contract at a major Victorian public sector superannuation fund where she worked as Secretary to the Board and part of the executive management team for eight years. She became the inaugural Company Secretary of VicSuper in 1999 before joining legalsuper as Compliance Manager in 2003. Jocelyn is currently a director of First State Super and Strathcona Baptist Girls’ Grammar School. Brad Ivens, ATI is an Executive Director in EY’s Financial Services tax practice, who works with Melbourne and Sydney-based clients across the financial services industry. In particular, Brad has over 18 years’ experience in providing tax compliance and advisory services for the superannuation industry, covering matters such as investment due diligence, capital gains tax planning, unit pricing / crediting rate reviews, custodian tax reporting, fund administration, tax effect accounting and ATO reviews / audits. His clients have ranged from some of Australia’s largest industry and employer sponsored funds, through to public sector and self-managed funds. Brad’s qualifications include Bachelor of Commerce / Laws and Master of Tax degrees. Zaf Kardaras joined Northern Trust in May 2012. Prior to joining Northern Trust, he was a Tax Director at PricewaterhouseCoopers specialising in the taxation of superannuation funds and the managed funds industry. Previous roles have included Head of Taxation at IOOF Holdings Limited. Zaf has over 19 years experience as an Australian taxation adviser in the financial services industry.
Stuart Forsyth, CTA, is a Director of McPherson Super Consulting Pty Ltd, a company which specialises in providing technical advice on superannuation matters to the accounting, legal and financial planning industries. Stuart is the former Assistant Deputy Commissioner for Superannuation at the ATO where his responsibilities included active compliance and risk and intelligence for all superannuation subject areas. He was also closely involved in the ATO’s Stronger Super project to implement the Cooper Review recommendations and drafting the ATO ruling on limited recourse borrowing arrangements for SMSFs. With over 30 years experience, Stuart also has a strong income
Kasey Macfarlane is the ATO’s Assistant Commissioner responsible for Self-Managed Superannuation Funds. Prior to joining the ATO in 1999, Kasey worked as a Chartered Accountant in one of the Big 4 accounting firms, as well as a second-tier accounting firm. During her time at the ATO, prior to joining the ATO’s superannuation business line, Kasey had undertaken various technical leadership roles and her responsibilities across various tax products have included technical leadership and input into policy and law development; leading the development of ATO public rulings and guidance products; and leading the management and resolution of tax-related strategic litigation matters.
tax background and has worked extensively in litigation. He is a regular presenter of papers and superannuation workshops in Queensland and the southern states, and is a member of The Tax Institute’s Superannuation Technical Committee and Self-managed Independent Superannuation Funds Association (SISFA) Technical
Michael McAuliffe is a Senior Manager at KPMG with over 11 years’ experience assisting a broad range of government and corporate clients with respect to indirect taxes with a focus on the GST treatment of financial supplies. Key industry experience includes superannuation funds, banking, retail, government and property. THE TAX INSTITUTE - National Superannuation Conference - 7
PRESENTER PROFILES An overview of our experts
Michael has performed GST reviews for a wide range of entities to ensure systems and processes are compliant. His focus is on practical ways to manage GST compliance to ensure maximum coverage for minimal effort. A particular interest of Michael’s is the use of advanced data analytics to identify GST risks and opportunities in an organisation’s accounting information.
tax optimisation, GST, product restructures and plays a key role in the establishment of new products and funds. In her role she is actively involved in reviewing and interpreting new legislation and participating in a number of industry forums. Kylie has spent most of her career in the funds management industry either in senior tax or fund accounting management roles.
Megan McBain is a Manager within the Investment team at First State Super providing tax advice on new and existing investments both domestically and offshore. Prior to joining First State Super, Megan was at KPMG for over 13 years within Corporate Tax advising a wide range of clients in the financial services sector, including superannuation funds, managed funds and custodians.
Chris Richardson is a Director of Deloitte Access Economics and is one of Australia’s best-known economists. Chris heads Deloitte Access Economics’ forecasting and modelling unit. He is the author of three regular publications: Business Outlook, Employment Forecasts and Budget Monitor. His comments on trends in the economy and their effect on business regularly appear in daily media coverage.
Gina Maio, is the Transaction Tax Manager at AustralianSuper. Prior to joining AustralianSuper Gina spent 10 years at KPMG, specialising in the provision of corporate and M&A tax advisory services including acquisition and divestment structuring, due diligence reviews and DDC reporting, corporate actions and initial public offerings.
Jemma Sanderson, CTA, is a Director at Cooper Partners Financial Services, heading up their SMSF specialist services. Jemma provides strategic advice on SMSFs, estate planning and wealth management to clients, as well as technical support to accounting, legal and financial planning groups. Jemma has over 15 years experience in developing complex strategies for high net worth clients. Jemma is a regular presenter on superannuation and SMSFs for The Tax Institute and other professional bodies across Australia. Jemma is the author of the popular SMSF Guide published by The Tax Institute, currently in its 7th edition, and is the author and convenor of The Tax Institute’s Graduate Diploma of Applied Tax Law Advanced Superannuation unit.
James O’Halloran, Deputy Commissioner, Superannuation, Australian Taxation Office. James has national responsibility for the ATO’s role in the regulation of APRA funds and Self-Managed Superannuation Funds. In this role he works closely with the Superannuation industry, advisors and other regulatory agencies. Prior to this role, James was Deputy Commissioner, Indirect Tax with responsibility the Goods and Services Tax and Excise. He has also served as Deputy Commissioner, Tax Practitioner and Lodgement Strategy with accountabilities for the ATO’s services and relationship with tax practitioners. James joined the Australian Taxation Office in 1999. Prior to joining the ATO James held senior management positions in the State Revenue Office (Victoria) and other Victorian agencies. James has a Bachelor of Arts (Criminal Justice Administration), a Master of Corporate Law and is a Fellow of the Australian Institute of Management. Peter O’Reilly, Assistant Commissioner, Public Groups and International (PG&I). Peter is the National PG&I Insurance and Superannuation Strategy Leader, he leads PG& I Compliance Operations at Parramatta and Newcastle, and is the Site Leader for PG&I at Parramatta. Peter is responsible for life insurance, general insurance and large superannuation funds income tax compliance including strategy and operations. He has also had extensive involvement in dealing with issues in the Managed investment trust industry and has represented the ATO on several Board of Taxation Reviews relevant to the financial services industry. His responsibilities for Compliance Operations at the Parramatta and Newcastle sites covers the full spectrum of public group issues, multinational and domestic tax risks, compliance, client engagement, assurance and relationship management. Kylie Quinn, is the Senior Tax Manager at Mercer specialising in superannuation and unit trust taxation of funds both in Australia and New Zealand. She manages the taxation compliance and obligations of the funds which includes the review and management of distributions, tax provisions and tax policies. A significant part of her responsibility and speciality is the management of unit pricing tax provisions which includes the management of deferred tax assets, effective tax rates and tax alignments. Kylie also works on a number of internal projects and provides technical opinions to the broader Mercer business on numerous topics such as stamp duty, 8 - THE TAX INSTITUTE - National Superannuation Conference
Ross Stephens, CTA, is a Director at KPMG and one of the most recognised tax advisers to the superannuation industry in Australia, with key clientele including many of the largest industry, corporate, public sector and retail funds. He has assisted ASFA with many industry submissions to government, Treasury and the ATO on taxrelated matters, most recently in respect of draft ruling TD 2014/D22 on funds’ foreign income tax offset entitlements. Anthony Versace, is a Partner in KPMG’s national Indirect Tax practice. Anthony is based in Melbourne and has more than 18 years of experience in providing practical and commercial GST advice to KPMG’s financial services clients, with a specific focus on clients in the superannuation, funds management and insurance industries. Anthony counts amongst his client base many of Australia’s largest superannuation funds, to which he provides a full range of GST advisory services including in relation to compliance obligations, GST technical advice on all aspects of fund’s activities and managing ATO interactions. Thilini Wickramasuriya, FTI, is a Tax Counsel at The Tax Institute and is responsible for coordinating the technical activities of the Tax Policy and Advocacy Team. Thilini regularly engages with Treasury, the ATO, the Board of Taxation and the Inspector-General of Taxation. Prior to joining the Institute, Thilini practised as a solicitor, acting in significant tax disputes on behalf of both taxpayers and the Commissioner in the High Court, Federal Court and Administrative Appeals Tribunal. Prior to this, Thilini worked in a Big 4 accounting firm advising multinational clients on international tax issues. Philip Witherow, CTA, is the General Manager Taxation at Cbus where he is responsible for the taxation affairs for Cbus and the Cbus Property entities. Prior to Cbus, Philip was a Principal in the Tax and Legal section at PricewaterhouseCoopers specialising in financial services and in particular large superannuation funds. He has been involved in the taxation industry for more than 20 years.
FURTHER INFORMATION What, when and how to
Online registration Delegates are encouraged to register online at taxinstitute.com.au/sup16 Registration inclusions Participation in the full technical program Electronic access to download available technical papers and presentations Morning and afternoon refreshments Lunch Conference dinner and networking events 12 CPD hours Printed materials To assist in reducing the environmental impact, the standard registration option will provide only electronic access to materials. For an additional fee of $100, delegates may choose to receive all available technical papers and presentations in hard copy format at the forum. Refer to the registration options and indicate your preference. Early bird registration All registrations received and paid for on or prior to Thursday 14 July 2016 will be entitled to an early bird discount. The Tax Institute App The Tax Institute app will be available for download one week prior to the event. The app will contain session and speaker information, the delegate list and available technical materials. You will receive instructions via email detailing how to download the app.
All accommodation bookings must be paid in full with registration. Please note that bookings made through Ozaccom+ on an “Event Rate” can be cancelled/amended at any stage up to seven days prior to arrival. All additional hotel incidentals, including breakfast, remain the responsibility of delegates, and individuals will be responsible for payment of the balance of their account when checking out of the hotel. Please note that extra charges may be incurred for additional guests, and will be charged to individual room accounts to be settled on check-out. Conference dinner The conference dinner will be held on Thursday 25 August in the River Room, Crown Entertainment Complex. Additional conference dinner tickets can be purchased for accompanying persons at a cost of $150 per person, which includes a three-course dinner and beverages. Please indicate your requirements on the registration form. Dress code Smart casual attire is suitable for the duration of the conference program, including the dinner. Getting there The Crown Conference Centre in Melbourne is located at 8 Whiteman Street, Southbank, situated 21 kilometres from Melbourne Airport which is approximately a 30-minute drive. Flinders Street Station is the closest railway station to the Crown Conference Centre and is approximately a five-minute walk from the station.
Delegate list A delegate list will be included on the event app to assist with networking. Please indicate on the registration form if you do not want your name included on the list. Special dietary requirement Please indicate any special dietary requirements on the registration form. Confirmation of registration Confirmation will be provided via email upon full payment of registration fees. CPD accreditation Attendance at the conference counts for 12 hours Continuing Professional Development Accreditation with The Tax Institute. Venue and accommodation Crown Conference Centre, Melbourne Crown Promenade The National Superannuation Conference will be hosted at the Crown Conference Centre in Melbourne. Accommodation has been reserved for delegates in several hotels within close proximity to the conference. Favourable room rates have been negotiated and secured for conference delegates including Crown Promenade (recommended due proximity to Conference Centre). All accommodation bookings can be made through Ozaccom+ by calling 1800 814 611 or visiting https://ep.ozaccom.com.au/public/SUP16/accommodation.aspx.
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FURTHER INFORMATION What, when and how to
Local climate During the month of August, Melbourne experiences temperatures between 9°C and 17°C. There is more chance of rain at this time of year. Alteration and cancellation policy The Tax Institute reserves the right to alter, amend or cancel all or any of the arrangements contained in the program. It is a condition of acceptance of registration that an administration fee of 20% of the registration fee will be charged for cancellation. No refund will be given for cancellations received within five working days of the event. A replacement may be nominated. If the replacement is not a member, the non-member registration fee will apply. CPD hours will be allocated to the designated attendee. The Tax Institute cannot accept responsibility for delegates’ late transport arrivals or non-arrivals due to delays. Group discount Purchase four full registrations and receive the fifth one free. All attendees must be from the same firm and all registration forms must be submitted together. Enquiries For further information regarding this event, please contact the Events Team on 02 8223 0040 or
[email protected]. For registration enquiries, please contact
[email protected].
Join Australia’s leading professional tax body There is no time like the present to join Australia’s leading educator and professional association in tax and take advantage of the special new member introductory offer. For an additional $300 on the member registration fee, you can become a member and gain access to “the mark of expertise” (membership is extended until 30 June 2017) and a two-week trial to the Tax Knowledge eXchange. Member benefits include: Member benefits include: Taxation in Australia journal TaxVine e-newsletter TaxLine Research Service – free to members CPD event discounts Publications and tax product discounts Business Alliance Partner discounts.
Graduate Diploma of Applied Tax Law The Graduate Diploma of Applied Tax Law has been designed to meet the changing needs of the tax profession. The program combines advanced technical and practical skills with highlevel academic governance. It utilises the experience of working tax practitioners to equip you with the practical skills that can be applied in the workplace. It will enable you to establish a competitive edge in your career and prepare you for the changes of tomorrow. To find out more about how the Graduate Diploma of Applied Tax Law will benefit you, visit taxinstitute.com.au/GradDip or call 1300 TAX EDU (1300 829 338).
SMSF GUIDE 7th EDITION
Save 20% when you order with your registration. Now in its seventh edition, the SMSF Guide is still the first choice for funds advisers across the country.
0784IP_03/16
Jemma Sanderson, CTA, looks at recent developments, rulings and important cases and covers tax-effective SMSF strategies, offering expert tips to ensure that you avoid common and costly mistakes. See the registration form for details.
10 - THE TAX INSTITUTE - National Superannuation Conference
REGISTRATION FORM
Register
Please photocopy the blank form for additional delegates. All prices quoted include GST. ABN 45 008 392 372
Online or email Save time, register online at taxinstitute.com.au or email eventregistrations@ taxinstitute.com.au
PLEASE PRINT IN BLOCK LETTERS. National Superannuation Conference | 25–26 August 2016
Mail GPO Box 1694 Sydney, NSW 2001 Fax 02 8223 0077 1160808M1/WD
Registration Please see page 9 for registration inclusions. Early bird registration price (register on or before 14 July 2016) Tax Institute member Non-member New member*
$1,495 $1,895 $1,795
Standard registration price (register after 14 July 2016) Tax Institute member Non-member New member*
$1,645 $2,045 $1,945
I understand that the registration fees do not include printed materials. Access to materials will be electronic. Add printed materials (Add $100) (*Please read and sign below)
*SPECIAL NEW MEMBER OFFER The new member registration fee includes fees for Affiliate level membership of The Tax Institute so that you can take advantage of the many benefits membership affords. Membership is extended until 30 June 2017. Please read and sign below to take up membership. I hereby apply for membership of The Tax Institute. I declare I am a person of good fame, integrity and character and agree to be bound by the Constitution of The Tax Institute. For more information on membership, visit www.taxinstitute.com.au. *Signature:
Date of issue: 21 April 2016
Breakout session selection Please tick the breakout sessions you would like to attend during the conference: Thursday 25 August 11.15am–12.15pm Session 2A: ATO Presentation (Large Fund) Session 2B: LRBAs and Issues with Related Party Loans 12.15pm–1.15pm Session 3A: Trustee/Director Workshop Session 3B: Real Property Tax Issues 2.15pm–3.15pm Session 4A: International Tax Session 4B: SMSFs and Asset Protection 3.15pm–4.15pm S ession 5A: Emerging Issues in Superannuation Session 5B: ATO Presentation (SMSF Stream) 4.30pm–5.30pm Session 6A: Indirect Tax for Large Superannuation Funds Session 6B: Contributions Issues – Past, Present and Future Friday 26 August 11.00am–12.00pm S ession 9A: Current Issues for Income Streams Session 9B: Transition to Retirement and Lump Sum Payments 12.00pm–1.00pm Session 10A: Custodian Perspective on Selected Tax Issues Session 10B: SMSFs and Dividend Stripping and Dividend Washing Arrangements 2.00pm–3.00pm Session 11A: Investment in Australian Infrastructure Session 11B: Death Benefits and Practical Scenarios
Add SMSF Guide, 7th Edition and save 20% Print
Online (inc 3 CPD hours)
Member $156 (usually $195)
Member $176 (usually $220)
Non member $176 (usually $220)
Non member $196 (usually $245)
Conference dinner The conference dinner is INCLUDED in the registration fee for delegates attending the full conference. Thursday 25 August at River Room, Crown Entertainment Complex Yes, I WILL be attending the conference dinner OR No, I WILL NOT be attending the conference dinner Yes, I require additional tickets for the conference dinner at $150 per person No.
x tickets at $150 each: $
Name(s):
Dietary requirements: For registration enquiries, please contact
[email protected].
THE TAX INSTITUTE - National Superannuation Conference - 11
Payment details summary Registration fee
$
Add printed materials (Add $100) $ Additional ticket(s) for conference dinner (add $150)
$
SMSF Guide
$
Total payable
$
Your contact details Title: (Dr/Mr/Mrs/Miss/Ms/Other)
Company:
First name: Last name:
Position:
Member no:
Tel:
Postal address:
Mobile:
Suburb:
Email:
State: Postcode:
Fax:
Please tick this box if you do not wish your name to be included on the delegate list provided to all attendees for networking purposes.
Payment method Please note: all registration payments must be made prior to the event, unless other arrangements have been made with The Tax Institute.
I enclose a cheque* for
Card no.
$
*Please make cheque payable to The Tax Institute in Australian dollars.
Please charge my credit card $
/
/
Expiry date: Cardholder’s signature:
Card type: AMEX
/
Visa
MasterCard
Diners
Cardholder’s name:
For further information regarding this event, please contact the Events Team on 02 8223 0040 or
[email protected]. For registration enquiries, please contact
[email protected]. Replacements Please note: registrations for the event are not interchangeable but replacements are acceptable. Please notify us at least two days prior if you intend on sending a replacement. CPD hours will be allocated to the designated attendee. If the replacement is not a member, the non-member registration fee will apply. Membership and education program promotion I am interested in becoming a member of The Tax Institute, please send me further details. I am interested in learning more about The Tax Institute’s education program, please contact me.
Cancellations The Tax Institute must receive cancellations in writing five working days prior to the seminar. No refund will be given for cancellations received within five working days of the event. A replacement may be nominated. Further details on The Tax Institute’s cancellation policy can be found at taxinstitute.com.au Marketing and business alliance partner exclusions I no longer wish to provide my contact details to The Tax Institute’s contracted business partners. I no longer wish to receive marketing correspondence from The Tax Institute.
We take your privacy seriously, and our policy can be viewed at taxinstitute.com.au/go/footer/privacy
Embrace your digital tax world Tax Knowledge eXchange Subscribe and get access to Australia’s leading online database containing over 65,000 records including papers, presentations, podcasts and videos through the Tax Knowledge eXchange. Visit our website for details. CPD on Demand – online and interactive No matter where you are in Australia or the world, you can access seminars by The Tax Institute. These online and interactive seminars come complete with presenter, chairperson and discussion forum. Visit taxinstitute.com.au/icpd to find out more.
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Register and purchase online Save time. Register online for CPD or purchase dedicated publications, DVDs and more at taxinstitute.com.au. Follow us on Twitter Follow us @TaxInstituteOz for daily tax news, updates and tweets. 12 - THE TAX INSTITUTE - National Superannuation Conference
Join us on LinkedIn Join The Tax Institute group on LinkedIn to network and contribute to the group discussion and tax news. Facebook Like us on Facebook for news, careers information and networking. Visit our blog Get the latest industry news from the team at The Tax Institute by visiting our blog at blog.taxinstitute.com.au.
Convention Mobile Web App Instantly access convention technical papers, PowerPoint presentations, scheduling and location information, speaker biographies and much more with the Tax institute App suitable for your web-enabled smartphone or device.
