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It’s the sole purpose that matters

Expenses, tax and administration

$120.00 +GST

Audience

This event is recommended for: 

  • All practitioners working with SMSFs 
Audience

Learning outcomes

Upon completion of this event, you will be able to: 

  1. Understand the importance of the sole purpose test 
  2. Appreciation of the evolution of the sole purpose test and its current application 
  3. Understand the interaction between the sole purpose test and other compliance rules 
Learning outcomes

Relevancy

This event was presented live on 7 Mar 2024. 

Relevancy

CPD hours

This training provides 1 hour accredited by the SMSF Association. The Legislated CPD Hours breakdown for financial advisers is as follows: 

  • Technical competence 0.5 CPD hours 
  • Regulatory compliance and consumer protection: 0.5 CPD hours 
CPD hours

A self-managed superannuation fund (SMSF) needs to meet the sole purpose test to be eligible for the tax concessions normally available to superannuation funds. This requires an SMSF to be maintained for the sole purpose of providing retirement benefits to members, or to their dependants if a member dies. 

Satisfying the sole purpose test is not a simple ‘tick-a-box’ exercise – it’s the guiding principle behind every transaction, every investment, and every decision made by trustees. It also requires the SMSF trustees to have relevant evidence to demonstrate compliance with the sole purpose test. 

Join Anthony Cullen for a deep dive into the sole purpose test and its application to an SMSF. Anthony will explore relevant cases, rulings, determinations, and impact statements to provide you with a comprehensive understanding. Case studies will also be used to demonstrate a practical application of the principles of the sole purpose test. 

Don’t miss out on the opportunity to gain insights into the application of the sole purpose test to SMSFs. Whether you’re a seasoned professional or a budding accountant eager to sharpen your skills, this webinar is your ticket to mastering the sole purpose test and taking your SMSF game to the next level. 

 Registration to this event includes: 

  • 1 hour live online event with opportunity to ask questions of the presenter 
  • Learning guide, slides and case studies  
  • Recording and materials available to access for 3 months after the event  
  • SMSF Association accredited CPD certificate for 1 hours
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Presented by

Anthony Cullen
Senior SMSF Educator
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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