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In-house assets webclass

Recorded live 13 Jul 2023
Investments & property

$360.00 +GST

Audience

This event is recommended for all SMSF practitioners.  

Audience

Learning outcomes

  1. Explain what rules an SMSF must adhere to when it has an in-house asset;
  2. Identify when an asset of an SMSF is an in-house asset and when it is in breach of the rules;  
  3. Understand the interaction of the prohibition on lending or providing financial assistance to members or their relatives with the in-house asset rules;  
  4. Evaluate the options available to an SMSF trustee where there is a contravention of the in-house asset rules.  
Learning outcomes

Relevancy

This event was recorded live 13/07/2023.

Relevancy

CPD hours

This training provides 2.5 hours accredited by the SMSF Association. The Legislated CPD Hours breakdown for financial advisers is as follows: 

  • Technical competence: 1 CPD hour
  • Regulatory compliance and consumer protection: 1.5 CPD hours
CPD hours

In the 2021-22 income year the in-house asset rule was the second most reported contravention in auditor contravention reports (ACRs), this represented nearly 7,000 reported contraventions.

Don’t let your client’s SMSF become a contravention statistic! This webclass will arm you with the underlying knowledge about when an asset of an SMSF will be considered an in-house asset and whether it will be in breach of the rules. Mark will review key areas where issues can occur such as the interaction of in-house assets with the prohibition on providing loans or financial assistance to members and their relatives.

This on demand training will involve the examination of real life case studies including a practical discussion of the issues and proposed solutions, providing you with meaningful takeaways to implement when dealing with in-house assets.

Registration to this event includes:

  • 2 hour recording
  • Slides and recording to access for 3 months after purchasing the event  
  • SMSF Association accredited CPD certificate for 2.5 hour 
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Presented by

Mark Ellem
Head of Education
Accurium
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Terms and Conditions
Each education service purchase is for your use only and accessible through your individual account. Each live online education service will be provided with a unique session ID to join which cannot be disclosed, forwarded, or distributed to any other individual without Accurium’s written consent. No other individual will be authorised to access your education service unless that individual has purchased the education service and a unique session ID has been provided to that individual. In the event of unauthorised access due to the actions of the intended recipient, Accurium may suspend or cancel the access for the intended recipient any additional individual(s) may be held liable for additional fees associated with the unauthorised access to an education service. Accurium reserves the right to charge any unauthorised individual(s) who access your education service. In the unlikely situation that a live education service is cancelled we will refund you the full cost of your purchase. If a live service is postponed, we will provide written notification to you and reschedule the education service. Your original ticket will be valid for the rescheduled date. We will also provide the recording and associated materials if you are unable to attend the education service live at the new date/time. If you are unable to attend the education service live at the new date/time, you may request a refund of the moneys paid by contacting Accurium directly, with all requests to be considered on a case by case basis by Accurium in its absolute discretion. The Accurium – General Terms and Conditions can be accessed here.
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