Special SMSF 2021-22 - Session 1 - Getting ready for the superfund audit 2021

In this special topic, we consider the issues for 2021 SMSF audits. The topic will consider the risks of having insufficient documentation for some common strategies, look at the distinction between SIS issues and Tax issues and address materiality and contravention and civil penalty regimes.

Learning Outcomes

Upon completion of this topic, participants should be able to:

  • Identify the risks of the SMSF having insufficient documentation when receiving payments from members; e.g. Downsizer, NCCs
  • Explain how some NALE transactions are always income tax issues but not always an SMSF audit issue
  • Explain how the concept of materiality is irrelevant for SIS Act prohibited transactions
  • Contrast when an auditor must lodge a Contravention Report from when an auditor may lodge a Contravention Report
  • Explain the concepts of the Civil Penalty regime for SMSF trustees.

  • Benefits

    This concise session has been specifically designed for our online education platform, to ensure that you get an in-depth understanding of the topical SMSF issues in minimal time.


    Tracey Besters
    Senior Tax and Superannuation Trainer, CA ANZ

    Tracey’s extensive experience gives her a valuable insight into the pressures of being in public practice. She also understands the enormous opportunities that self-managed super funds (SMSF) offer clients.


    Topic: Financial Advisory and Superannuation

    Sub-Topic: Self-Managed Superannuation Funds, State/Territory Taxes, Strategy, Superannuation

    Format: Recorded Webinar

    Proficiency Level: Intermediate, Advanced

    CPD: Upto 1.5 hours