Sole purpose test and investment strategy application to SMSFs

$180.00 +GST

In stock

Presented By
Mark Ellem
Head of Education

This on demand webclass allows you to learn in your own time at your own pace and provides you with 2.5 CPD hours.

A learning guide, slides, case studies and recording will be provided to assist in the on demand learning experience. There is also an assessment available that will provide you with an official CPD certificate upon successful completion.

The sole purpose test has been around for many, many years and there are a number of cases, rulings, determinations and impact statements on the topic. As we live in the real world the sole purpose test can create some practical issues that need to be addressed in a practical way. 

Similarly, the requirement for SMSF trustees to formulate and give effect to an investment strategy has been a requirement for quite a while. The ATO states that an SMSF’s investment strategy should be ‘tailored and specific to the relevant circumstances of your fund rather than a document which just repeats the words in the legislation’. So what must an SMSF trustee do to ensure compliance with the Investment Strategy requirement? 

In this webclass we will: 

  • Re-consider the sole purpose test in light of recent cases, rulings and guidelines, how it has evolved and its application, from both a compliance and practical perspective, in relation to SMSF transactions; and 
  • Review the requirements for a compliant investment strategy for an SMSF and how you can assist your SMSF client to meet the requirements.

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