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ASFA Learning

SMSFs

ASFA Self-Managed Superannuation Funds


ASFA Learning Product Brochure 2011

ASFA Learning Brochure

This subject is designed for superannuation practitioners who need a thorough understanding of the major issues in the specialist superannuation area of self-managed superannuation funds (SMSFs).

Suitable for

SMSF trustees, individuals planning to set up an SMSF, financial advisers, investment and compliance staff, as well as service providers and custodians. It would also be of great benefit to SMSF trustees, or to individuals planning to set up an SMSF.

Licensing

Students can satisfy the ASIC RG 146 requirements for the competency ‘FNSSMS601A - Provide advice in self-managed superannuation funds’, by completing this subject, together with ASFA’s RG 146 Superannuation Essentials.

Assumed Knowledge

RG 146 Superannuation Essentials or RG 146 Superannuation

Topics

Areas of study include legislative and compliance requirements, trustee members and service providers, setting up and ceasing an SMSF, SIS requirements for contributions and benefits, including taxation arrangements. Managing fund assets and specific investment issues relating to SMSFs are also covered, as well as requirements for the payment of retirement income streams from SMSFs and retirement planning.

Learning outcomes

After studying this subject, students should be able to:

  1. discuss the key characteristics of small superannuation funds – both SMSFs and SAFs
  2. describe the legislative requirements for SMSFs, their trustee members and service providers
  3. outline the processes of establishing an SMSF and its cessation
  4. state the key lodgement requirements and other processes when operating an SMSF
  5. describe the SIS requirements for superannuation contributions and benefits, including taxation arrangements
  6. set down taxation of SMSFs
  7. explain the key investment issues for SMSFs
  8. set down the requirements for the payment of retirement income streams from SMSFs
  9. discuss the use of SMSFs in retirement planning strategies

Qualification

This subject contributes to the Advanced Diploma of Superannuation (FNS60510) qualification.

Assessment

Assignment 1
Assignment 2
Final assessment

Availability

Flexible on-line (commence any time)
Face-to-face (corporate workshop)

Duration

This subject must be completed within 6 months from commencement.

CPD points

24