The SMSF Association's National Conference is always a 'must attend' for those working within the SMSF industry. It is an event that shapes the future of the SMSF sector, draws industry stakeholders from Treasury, ASIC, ATO and more, along with a high calibre of technical experts to share their views of the latest strategies and issues impacting SMSFs. It is a conference where you continue to learn through engagement with your peers and once again the conference provided a wonderful platform to showcase the skills of its members.
In this week's episode 32, I discuss some of my key takeaways from the conference, which included:
- Why practitioners need to re-think compliance - how Adam Goldstein in my session on 'thriving or surviving' with the super reforms discussed the approach of 'compliance as a strategy' post 1 July 2017;
- How well we've evolved our understanding of the super reforms in 12 months from the last conference, but we still have many lingering problems to resolve and/or seeking further clarity; and
- the ATO's challenge with TBAR requirements in trying to be everything to everyone and why I can see it creating future problems for the regulator.