The recent Competency Requirements for SMSF auditors set down by the Australian Professional Accounting Bodies Joint Standing Committee require a qualified auditor to undertake 30 hours of professional development in each rolling 3 year period. The necessary key compliance knowledge requirements include an understanding of the Superannuation Industry (Supervision) Act and Regulations to the extent that they apply to SMSF's. These audit requirements have recently changed. This is a great opportunity for SMSF auditors and advisors to learn about the changes and to brush up on all of the SIS technical requirements.
This presentation covers the relevant SIS requirements and their implications for accountants and lawyers, including:
discussion on the information required by Section I of the new SMSF Annual Return
an overview and practical implications of the new Auditor Contravention Report
what breaches must be reported and how to complete the Report.
Rob is a principal of Sladen Legal. He is accredited by the Law Institute of Victoria as a specialist in both Tax Law and Business Law and is on their Tax Law Specialisation Advisory Committee. He is on the Superannuation Industry Relationship Network of the ATO and is a member of the board and technical committee of SISFA. Rob is acknowledged as a leader in his field and is regularly asked to share his specialist knowledge on areas such as tax, superannuation, succession and estate planning and trusts. Rob has been a principal of Sladen Legal and its predecessor firm since 1981.
- Current at
25 May 2017
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