Friday, 7 April 2017

‘Superannuation and wealth management for private business: dealing with current structures' – the 2017 Private Business Tax Retreat

Laura Hanrahan of HopgoodGanim Lawyers practises exclusively in the areas of superannuation, estate planning and administration. At the 2017 Private Business Tax Retreat, she will present ‘Superannuation and wealth management for private business: dealing with current structures’, one of the nine plenary sessions of this two-day event.

Over the years, successive governments have introduced hundreds of rule changes but until now, no previous reforms have so dramatically affected wealth already in the superannuation environment. In her session, Laura argues that the superannuation reforms to be fully implemented from 1 July 2017 have killed the sacred cow. We spoke to her about what about what to expect from her session.

Laura told us that “Attendees can expect to hear about the ‘options’ under the new superannuation legislation”. The session will use case studies to demonstrate how family groups may address structures and plans that were implemented prior to these reforms.

“The practical case study approach will help delegates in dealing with their clients by giving some practical meaning to these complex new rules”, Laura said. In her session, Laura will look at providing funding for existing investment, including meeting financing requirements of LRBAs and private unit trust investment. It also covers managing SMSF transition requirements for more complex pension structures, including previously grandfathered income streams such as complying pensions and market-linked pensions, as well as transition planning for ‘asset heavy’ SMSFs.

In her role at HopgoodGanim Lawyers, Laura also assists clients in a range of matters including wills, testamentary trusts, powers of attorney, family discretionary trusts and the administration of deceased estates. Affiliated with The Tax Institute since 2008, she is a member of the Society of Trust and Estate Practitioners and the SMSF Association, and regularly presents papers on relevant superannuation and estate matters to various industry audiences.

Asked which other sessions she is particularly keen on attending at the Retreat, she mentioned “The Keynote from Dr Baden U’ren on ‘Technology and its Impact on Professionals’”, which will advise on how new technologies will impact us in Australia and, specifically, our profession’s service model.

A keen stand-up paddle-boarder, when Laura is not on the water at Morton Bay or immersed in tax, she can be found chasing after her two and five year old.

Find out more about Laura’s session, and other superannuation sessions including Chris Wyeth, CTA, on ‘Superannuation and Wealth Management for Private Business – The Next Frontier?’ and Daniel Smedley, CTA’s, case study; ‘SMSFs Taking Interests in Unit Trusts in Light of New Developments’ on our website

2017's Private Business Tax Retreat takes place 25-26 May at the Palazzo Versace Hotel on the Gold Coast. Including 12.5 CPD hours it features nine plenaries and two case study sessions, as well as a panel session on 'Everything you wanted to know but were afraid to ask'.