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Individual Podcasts

When Keeping it in the Family May Not Pay: Related Party Dealings and SMSFs

There are numerous rules within the SMSF environment that restrict dealings between related parties. This is based on the context that SMSFs are established for the sole purpose of providing retirement benefits for the members and until such time, no member or their associates sho

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About the Podcast

There are numerous rules within the SMSF environment that restrict dealings between related parties. This is based on the context that SMSFs are established for the sole purpose of providing retirement benefits for the members and until such time, no member or their associates should receive a benefit from the fund. Contravening this requirement can be costly in the form of penalties and loss of tax concessions. This podcast explores the various situations where related party dealings may create issues for a fund.

Presented By

Graeme Colley
SMSF Technical Expert, Graeme Colley Sydney, NSW

Graeme Colley is a well-known figure in the SMSF community with a long-standing reputation as an accomplished educator, technical expert and advocate for the sector. He is currently an ambassador for the Auditors Institute and brings over 30 years of taxation and superannuation experience gained from senior positions in the Australian Taxation Office (ATO), as an Assistant Commissioner of the Insurance and Superannuation Commission and as a director, technical and professional standards at the SMSF Association. Graeme's experience also extends to a number of leading fund managers and consultants, including Macquarie Bank, Mercer, the Institute of Chartered Accountants in Australia and New Zealand, National Technical Manager at OnePath and as Executive Manager, Technical and Private Wealth at SuperConcepts. The roles included formulating and implementing policy, developing legislation and providing high level technical advice.

Graeme is also a joint author of publications including the CCH Master Financial Planning Guide and Financial Planning in Australia which is published by Lexis Nexis. His academic experience extends to lecturing in the ATAX Masters course at the University of NSW and in the Master of Commerce (Financial Planning) course at the University of Western Sydney. Graeme is a SPAA Specialist Advisor and a Member of the Institute of Chartered Accountants in Australia.

CPD Information

0.4 CPD hours

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