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      28 November 2019 - Investment Strategies

      The Commissioner of Taxation has thrown the cat amongst SMSF auditors and trustees with edicts on Fund investment diversification and stating benchmarking is a fundamental feature of an investment strategy but 0 - 100% is a breach of the SIS Act 93. And all coming in the midst of SMSF compliance and income tax return preparation, I can almost feel the anxiety of auditors who have just come off the back of two disastrous SMSF cases (for auditors anyway) - Cam & Bear and Baumgartner where they were held negligent with investments and investment strategies. This year is going to be a tough audit season for everyone, so we need a no holds barred session and I invite you to join me on this investment strategy - strategy and compliance session where I will be looking at:

      1. Why the Fund's investment objective is the backbone of an investment strategy and why a poor one can lead to legal suit against the investment strategy preparer for any investment losses; 
      2. Who can complete an investment strategy under the SIS Act 93, the ITAA 97 and the Corporations Act 2001 and why there are differences between the various laws;
      3. What does a great investment strategy look like compared to an illegal investment strategy;
      4. Why member directed investment strategies, separate investment strategies and segregated current pension assets are very powerful and for 25% of funds an absolute necessity;
      5. What are the 12 or more asset classes required to be considered for an investment strategy and how to complete appropriate benchmarks;
      6. How to protect your firm from a legal suit under the legal defense provisions of section 55 of SISA;
      7. For prior income years and even the income year ending 30 June 2019 why a deed of rectification and ratification may be needed alongside an investment strategy.

      If you would like to upskill your SMSF knowledge you can buy a great video copy of Grant Abbott’s October 2019 SMSF Strategy and Estate Planning Roadshow from the following for only $99 – a great offer for more than 20 strategies, all documented and four hours 20 minutes of viewing in five modules. To buy: https://ilovesmsf.com/shop/.  Also while at the shop, get Grant’s Guru’s Guide to SMSFs for just $20. For more SMSF strategy information go to www.ilovesmsf.com For more strategy webinars on various LightYear Docs strategy automations go to: https://lightyeardocs.zendesk.com/hc/... To seek strategy or legal advice contact Tony Anamourlis – tanamourlis@abbottmourly.com.au