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Recorded Webinars

Recorded Webinar: Insolvency, Asset Protection and SMSFs

It goes without saying that insolvency and bankruptcy bring together a host of challenges. However, what if the bankrupt is also a member of an SMSF? This session explores the specific conditions and issues for this situation, including: The steps to take if an SMSF member ente
PRESENTED BY Peter Mills Special Counsel - LawSolve , Brisbane

Date/Time

About the Webinar

It goes without saying that insolvency and bankruptcy bring together a host of challenges. However, what if the bankrupt is also a member of an SMSF? This session explores the specific conditions and issues for this situation, including:

  • The steps to take if an SMSF member enters bankruptcy
  • Can the SMSF funds form part of a bankrupt’s divisible assets?
  • How are super benefits received by a member treated in bankruptcy?
  • Can the clawback rules apply to SMSFs?
  • What if:
    • a property owning SMSF receives rent from an insolvent tenant. Could this be a preferential payment?
    • death benefits are paid to an estate instead of the bankrupt individual and vice versa?
    • death benefits are paid to an insolvent estate?
  • How the new insolvency legislation can impact SMSF corporate trustees
  • Lessons from Frigger v Trenfield (no 10) [2021] FCA 1500
  • War stories

Presented By

Peter Mills
Special Counsel, LawSolve Brisbane, Qld

Peter’s area of expertise for the last 18 years has been in Personal Property Securities Act (2009) (PPS), Creditor Recoveries, and Insolvency.

Peter is a recognised expert in the PPS and its interaction with other laws and registers (including insolvency under the Corporations Act (Cth)).

Peter is admitted as a lawyer in both Australia and Papua New Guinea and regularly advises interstate and overseas clients. His extensive client base includes controllers (voluntary administrators and liquidators), trade creditors and suppliers, accountants, SME’s, subsidiaries of domestic and international companies, and other law firms (domestic and international).

Peter regularly advises clients as to the PPS registration process and how to minimise documentation and record keeping, saving tens (sometimes hundreds) of thousands of dollars in the PPS registration process. He also advises on the recovery of assets and debts, despite liquidators being appointed, by using the PPS instead of the courts.

Who Should Attend?

This webinar is suitable for accountants advising in superannuation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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