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104422
Individual Podcasts

Are Your SMSF SuperStream Processes Flowing Smoothly?

As well as the requirement to use SuperStream to receive non related employer super contributions into an SMSF, it is now also compulsory for complying SMSFs to process rollovers in or out of the fund using SuperStream. However, as there are still a large number of SMSF trustees s

Date/Time

About the Podcast

As well as the requirement to use SuperStream to receive non related employer super contributions into an SMSF, it is now also compulsory for complying SMSFs to process rollovers in or out of the fund using SuperStream. However, as there are still a large number of SMSF trustees scratching their heads as to how to implement the processes, this leaves a gap for accountants to step in to assist with the set up and ongoing compliance. This session looks at the requirements and issues being encountered in practice, including:

  • When is SuperStream required to be used for an SMSF?
  • What is required for an SMSF to set up for SuperStream?
  • Procedures to follow for rollovers into and out of an SMSF
  • What are the time limits for processing rollovers?
  • Is the use of paper rollover forms still accepted?
  • How to deal with a rollover resulting from a relationship breakdown involving both cash and an in specie transfer of an asset
  • Practical tips to deal with SuperStream issues being encountered in practice

Presented By

Simon Gow
Partner & National Head of Self-Managed Superannuation, Grant Thornton Perth, WA

For over 17 years Simon has worked within the private business tax & advisory team of Grant Thornton Perth as an SMSF specialist advising business and private clients. Simon advises clients on issues that range from establishing and administering SMSFs, dealing with complex compliance issues, and assisting clients with strategies to build their wealth in the superannuation environment.

Simon’s dual qualifications as a Chartered Accountant and Financial Adviser (Superannuation) enable him to provide his clients with a truly integrated and coordinated accounting, tax and advisory service.

Qualifications

  • Bachelor of Business (Edith Cowan University)
  • Member of the Chartered Accountants Australia & New Zealand
  • CA SMSF Specialist, Chartered Accountants Australia & New Zealand
  • Certificate of Public Practice, Chartered Accountants Australia & New Zealand
  • Diploma of Financial Services (Financial Planning), Kaplan Professional Education

CPD Information

0.4 CPD hours

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact us, on (03) 8601 7700 or email: [email protected]

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