Self-Managed Super Funds (SMSFs) Compliance and Strategy

Overview

This session focuses on Self-Managed Superannuation Funds (SMSFs): Compliance and Strategy. It provides a comprehensive understanding of SMSFs, including their structure, trustee responsibilities, compliance requirements, and strategic considerations. Participants will explore key topics such as investment limitations, audit requirements, penalties for non-compliance, and the alignment of SMSF strategies with retirement goals. Through practical insights, the session equips attendees with the knowledge to manage SMSFs effectively and adhere to the regulatory framework outlined in the Superannuation Industry (Supervision) Act 1993.

Learning Outcomes

By completing this session, you will be able to:

• Define and understand SMSFs, explain the structure and purpose of SMSFs, including the roles and responsibilities of trustees.
• Evaluate advantages and risks, and assess the benefits and challenges of managing SMSFs, including compliance and investment strategies.
• Describe the process for setting up an SMSF, from creating a trust deed to developing an investment strategy.
• Understand key legal obligations, including trustee responsibilities, record-keeping, and annual audit requirements.
• Develop effective investment strategies by aligning SMSF investments with retirement objectives while managing risks and ensuring diversification.
• Recognise common errors, such as outdated strategies or prohibited investments, and implement best practices to mitigate risks.

Speaker Profile

Michael Lehner has been working in the Financial Planning Industry since 2000, where he was employed in Corporate Superannuation before moving into Business Development and leadership within a major bank. 

Michael worked through the GFC as a senior financial planner, and then later started his own boutique Practice specialising in SMSF, Aged Care, Risk, and Investment. 

After completing the Masters in Financial Services (Financial Planning), Michael’s interest evolved into higher degree research, and he is presently developing a thesis on ethics and professionalism within the financial planning industry.

Accreditation

This activity meets the guidelines for qualifying CPD, and has been accredited for continuing professional development by the Financial Advice Association Australia.

• FAAA Accreditation No. 33281
• CPD Hours: 2.75 hours
• Legislated CPD Areas: Regulatory Compliance & Consumer Protection
• Learning rating: Intermediate