UNISON’S SMSF LICENSING UPDATEunisonfgpartners.com.au/pdf-2015/GH-SMSF-Licensing... · 2015. 12. 4. · Important Notice The following relates to this presentation prepared by Unison

UNISON’S SMSF LICENSING UPDATE

- “REFERRAL ONLY” PROGRAMME

- SMSF LICENSING SCHEDULE OF 2016 EVENTS - READY, SET, GO!

Copyright © Unison Financial Group 2014 November 2015

Message: This presentation is the property of Unison Accounting Group and must not be provided to third parties external to the receivers practice

Important Notice

The following relates to this presentation prepared by Unison Pty Ltd ABN 30 105 085 612, AFSL No 289621 (”Unison”) and should be read before making any investment decision about the product(s). WARNING (GENERAL ADVICE ONLY): Today’s presentations will provide information about investment process, economic conditions and outlooks for investment markets. The views, opinions and recommendations included in the information today are all “General Advice”. That is, they do not take into account the question of their personal suitability for any particular attendee and where a specific financial product is referred to, attendees should not act on the advice without first consulting their financial planner or advisor about its appropriateness to their investment objectives, financial circumstances and needs.

Past performance is not reliable indicator of future performance.

DISCLAIMER: No representation, warranty or undertaking is given or made in relation to the accuracy or completeness of the information being presented, which is based solely on public information that has not been verified by Unison. The conclusions and recommendations contained in this presentation are reasonably held at the time of completion but are subject to change without notice. Except for any liability which cannot be excluded, Unison, its directors, employees and agents disclaim all liability (whether in negligence or otherwise) for any error or inaccuracy in, or omission from, the information contained in this presentation or any loss or damage suffered by the recipient or any other person directly or indirectly through relying upon the information. DISCLOSURE: Unison’s directors, officers, representatives, and their associates, may hold the securities referred to in this presentation, which may change from time to time, but none receives or gains any other benefit as a consequence of the recommendation or advice presented in this presentation. Unison considers such holdings not to be sufficiently material to compromise the recommendations or advice, and the Analysts at the time of preparing this presentation are not aware of any holdings. Unison receives brokerage or other benefits (e.g. application fees) for dealing in financial products and its associated companies or introducers of business may directly share in the brokerage or benefits.

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FOFA Re-Cap The Licensing Landscape: Where can I give advice? - The Future

Strategic Advice

Limited Licence 1

Basic Authority

Referral Only

Licensing Requirements Requires Licensing

SMSF Advice Basic Authority

SMSF Advice Strategic Limited Authority

(Class of Product only)

SMSF Advice Full Authority

(Includes product advice)

Product / Full Authority Responsibility

Comprehensive Advice

Full AFSL

Recommended establishing SMSF’s

Open/close SMSF’s

Contributions Advice

Provide all aspects of SMSF advice - externally

“outsource” - Advice needs to aligned AFSL/ Representative

Rollover Advice

TTR’s

LIMITED AFSL*

Ongoing Portfolio Management

FULL AUTHORITY FULL AFSL

Pensions, Borrowings, death benefits

Product Recommendations

Strategic Advice Plus

Comprehensive Advice

* can be obtained from ASIC | 1/ Exempt Licence regulated @ 1/7/2019

GEORGE HARAMISd: 03 9823 6254 m: 0410 590 526 e: [email protected]

HEAD OFFICE Level 19, 644 Chapel Street, South Yarra VIC 3141

t: 1300 UNISON (1300 864 766)www.unisonfg.com.au | www.unisonaccountinggroup.com.au

Unison Financial Group Pty Ltd ABN 45 607 372 878 Unison Wealth Management Pty Ltd AFSL 289621

Unison Finance Services Pty Ltd ACL 426 273 Unison Property Pty Ltd - Estate Agents License 074045L

(member of REIV)

Copyright © Unison Financial Group

CONTACT UNISON FINANCIAL GROUP TO ESTABLISH YOUR REFERRAL ONLY RELATIONSHIP BEFORE THE 1ST JULY 2016 DEADLINE

Unison - “Referral Only” Programme

The Unison SMSF “Referral Only” Programme provides you with the tools to be fully compliant - without the need to be RG146 programme. This is supported by a team of experts, who are there to help you achieve SMSF business success. Membership provides you with all the following services. It is ideal for accountants seeking to maintain or grow their SMSF business, and adhere to the new licencing regime.

7. SMSF Business Services and Documentation Portal

2. Professional Client / Advice Services

8. SMSF Administration(if required)

6. SMSF MatrixDiagnostics

5. Estate Planning, Trustee & Legal Services

10. Wealth and Advice Services

1. Agreement with Unison / AR

3. SMSF Advice Documentation

4. Training, ProfessionalDevelopment and SMSF

master classes

9. Business Coaching and Development

Don’t lose sight of the Real Opportunity....the “noise” of licensing isn’t the end objective, it’s how you leverage the licensing requirements to deliver a more robust and valuable SMSF Advice service to your clients - including a “Referall Only” Service.

You need to consider Unison Credentials Result for you

What are the intentions of the AFSL or Authority Holder? Do they want you to promote their products?

We are a privately owned business which is not obligated to any financial institution.

Not Conflicted (Independent)

How competent is the AFSL or Authority holder in supporting accountants?

Unison executives have been working with accounting firms for nearly 30 years, delivering tailored business programmes. These now include a fully comprehensive SMSF Licencing and “Referral Only” service.

ProfessionalExpertExperienced

Are you comfortable if the Authority Holder is another accountant who not only understands SMSF’s but can protect your client base in this area?

A strong network of qualified practices who understand the needs of fellow accountants.

Professional Support

Industry Credentials

When providing advice services, how do they charge clients – via fee-for-service or commissions?

Totally transparent fee-for-service advice offering.

No Hidden Costs

Can they provide an acceptable advice service which fits into your business requirements?

Seamless offering with no disruption to your business.

Enhanced Productivity

Is there a formal agreement in place which will protect your relationship with your clients?

A comprehensive “Referral Only” agreement is provided which delivers you security.

Complete Certainty

What are the hidden costs and risks to your business?

There are no hidden costs – complete transparency is provided at all times.

Complete Business Transparency

Considerations in selecting the right “Referral Only” partner – Unison Financial Group Having a “Referral Only” relationship means you will need to establish an arrangement directly with an AFSL or with a Holder of either a Limited Authority or Full Authority.

Key characteristics which should be considered in determining the right service for your clients and practice, and importantly protecting your client relationships:

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Unison’s Referral Only Programme


When you establish a “Referral Only”relationship with Unison you can benefit from the following services:

» Choose from two options in dealing with qualified Authority Holders:

Option 1: - Work directly with one of Unison’s qualified Accounting Partner Firms who are Limited Authority holders (and located near your office), or

Option 2: - Work directly with Unison Financial Group

» Benefit from Unison’s comprehensive SMSF Licencing “Referral Only” service which provides:

- Comprehensive SMSF advice documents specifically created to provide general advice only to your clients and delivered by qualified Authority Holders … i.e. you don’t need to do anything!

- An online Referral Only service which will ensure all client matters are documented and logged – enabling speedy contact and communication with the referring firm and client

- Ongoing client reporting and updates for all client matters and WIP

- SMSF focused technical support for all participants – including Referral Only Relationships

- Training & Professional Development Sessions

- Access to Unison’s online document portal for both SMSF and Corporate documents - at concessional pricing

- Wealth & Advice services for when your clients need specific advice vs. general advice

- Formal SMSF Licencing Agreement which will:

- Comply with ASIC requirements for a “Referral Only” relationship

- Protect your client relationships

- Provide you a revenue share of all wealth and advice services provided to your clients

» “Referral Only” Programme Fee for all of the above services: $220pm (Inc. gst) per firm.

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Unison’s – “Referral Only” Accountants’ SolutionUnison Financial Group is a unique business established to support accountants and their clients with a comprehensive and independent SMSF Licencing Programme and Wealth & Advice service. What makes Unison different is our partnership approach in bringing together like-minded individuals and businesses in the accounting profession who can work together in order to meet the FOFA SMSF Licencing requirements in a simple and cost-

effective manner.

Your SMSF Licencing Solution – Establish a “Referral Only” Relationship with Unison

A simple, cost-effective option for your business to meet the FOFA licencing requirements.This is the simplest and least demanding response to the challenges posed by the new licencing regime.

This option enables you to continue performing accounting and compliance work; however it precludes you offering strategic advice services.

Whether or not this option suits your business comes back to cost–benefit and time, how many funds you currently have and to what extent you want to grow and develop your SMSF business.

As a rule of thumb, any firm which has an SMSF business with the following characteristics should seriously consider establishing a Referral Only relationship:

» Less than 20 funds, as a minimum

» High proportion of funds in Pension phase

» No real prospects to establish a greater number of new SMSF’s

» No time to spend on attaining new qualifications

» No interest in introducing new systems and processes into your practice for a service offering which will not be a growing

part of your business

» Don’t want to spend up to $5,000pa or more, to attain the RG146 Accreditation and cater for other set-up fees

For a growing number of accountants this option might be the best way forward for their respective business, i.e. rather than committing themselves to one licencing option and introducing the required compliance and advice processes into their business – at a cost in both time and money, it may be more practical to have a formal arrangement with an AFSL holder on a “Referral Only” basis.

If the relationship provides the right framework for the firm to continue to maintain and even grow its SMSF business by working closely with the AFSL holder, then there is no reason to be licenced.


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Unison’s “Referral Only” Programme

Unison Referrer Agreement

Tri-Partied Agreement

» Unison

» Authorised Accountant

» Referrer Accountant

SERVICE 1: SMSF - General Advice

SERVICE 2: Specific - Financial Advice

Option A

$

Option B (direct)

Specific Advice & $

AuthorisedAccountant

JV / Bureau Agreement in place

Note: Revenue share to RA

dependant on selection of

Option A or B

AuthorisedAccountant

ReferrerAccountant

ReferrerAccountant

Unison

Unison

Unison SMSF Advice Documents

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Unison will provide each participant a comprehensive range of advice documents and material to ensure that any advice requirements are thoroughly catered for.

Para planning Services: on the rare occasion where there is a requirement to provide for either simple or complex strategy work other than what is available within the standard SMSF SoA framework, our para-planning team will provide the finished document. In certain instances where we are requested to create a tailored SoA there will be an additional fee for this service.

Advice DocumentsTo ensure all participants have the right tools and advice documents, Unison provides the following to each authority holder:

Statement

of Advice

Fact Find

(SMSF Establishment)

Financial Service

Guide

A guide to our relationship with you & others

» Fact Find* - Member and Trustee

» FSG*: Financial Services Guide

» Adviser Profile*

» Risk Profiling Process*

» Statement of Advice (SOA*) Template: (one template to cater for the majority of your requirements)

» Authorised Representative - Communication Guidelines and Templates

» Documented - Advice, Implementation and Review Process

» Online Portal Storage Facility for all Advice Documents

The Practical Implications to your Business of the SMSF Advice Process - Your New SMSF Environment...Welcome to our World!

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Advice Process - Documentation

Step 1: Initial Appointment with the Client

Step 2: Plan PreperationStep 3: Presentation Appointment with the Client

Step 4: Establishment of SMSF

› Fact Find - Member & Trustee

› FSG*: Financial Services Guide

› Adviser Profile

› Risk Profiling Process

› Statement of Advice (SOA) Templates x2

› Record of Advice (ROA)

› Implementation Process

› Client Review Process and Documentation

› Para Planning Services

› AR Licensee Communication Guidelines and Templates

› Qualifying the client eg: - Client to have more then $150K to invest; - Discuss compliance requirements and costs involved; - Risk profile

› Provide and explain the Financial Services Guide (FSG)

› Complete Fact Find (Member and Trustee)

› Complete Risk Profiling Questionnaire

› Discuss (potentially) Investment and Insurances - refer to AFSL Advisor

› Completion of

- SoA - RoA

› Investment Strategy-Draft

› Other information where required

› Present and explain the Statement of Advice (SOA)

› Client to sign-off on implementation (ie. Authority to Proceed form)

› Complete relevant bank account/CMA application forms (if applicable)

› Assess file checklist to ensure compliance - Obtain copies of identification and certify - Complete AML/CTF documentation - Obtain Tax File Number (TFN) authority

› SMSF Implementation Checklist

› Establish SMSF structure and related entities (if applicable)

› Submit bank account CMA application forms (if applicable)

› If not actioned, engage AFSL Advisor for Investment and Insurance advice

› Provide AFSL Advisor with all relevant information relating to SMSF

› Note: ensure all documentation, meeting notes and signed SOA documents are stored and available for ASFL review

Important: When do you have your “accountant” hat on vs. “advisor” hat?

SMSF Advice Documents: Purpose & Use

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Steps Document Purpose When to UseResponsibility - i.e. who in the team actions

STEP 1

MEETING 1

Financial Services Guide (FSG) & Adviser Profile

A Financial Services Guide (FSG) contains information about the entity providing the financial advice. It explains the financial services offered, the fees charged and how the person or company providing the service will deal with complaints.

The Adviser Profile forms part of the FSG and is given to the client at the same time. It informs the client in relation to the particular adviser they are engaging with, the financial services they can offer, fees they charge and who they are licenced with.

In the first meeting or just before the first meeting with the client (via mail or email).

It is considered optimal if it is provided before the first face-to-face appointment as it provides an opportunity for client to understand the range of services an adviser can offer and the associated fee.

Financial Adviser/Accountant (Client Services Team may assist)

Financial Service

Guide

A guide to our relationship with you & others


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STEP 1

MEETING 1

Fact Find & Risk Profile

A Fact Find is a data collection tool. It helps the adviser gather personal financial details of a client which further helps clarify their end financial goals and objectives.

A Risk Profile helps measure and identifies a client’s attitude to risk, particularly the concept of downside risk.

In the first meeting or just before the first meeting with the client (via mail or email).

It is considered optimal if it is provided before the first face-to-face appointment hence providing adequate time to client to think about the questions and complete with appropriate responses. It is expected of the adviser to go through the completed documents with client in the meeting to vet through their answers and hence obtain a clear understanding of their financial goals and objectives.

Financial Adviser/Accountant (Client Services Team may assist)

Unison Accounting Group Pty Ltd ABN 60 146 187 215 – Corporate Authorised Representative of Unison Wealth Management Pty Ltd ABN 30 105 085 612 Australian Financial Services Licensee 289621 Client Fact Find Version 1 – 1 February 2015 Page 1 of 23

Client Fact Find

Important Notice To Clients

The Corporations Act 2001 requires that an adviser making financial recommendations must have reasonable grounds for making those recommendations. This means that an adviser must conduct an appropriate investigation as to the financial objectives, situation and particular needs of the client. The information requested in this form will allow the adviser to provide recommendations to the client and will be used solely for that purpose. We accept no liability for any advice given on the basis of inaccurate or incomplete information. The content and intellectual property contained in this document remains the property of Unison Accounting Group. All branding remains the property of Unison Accounting Group.

Client (1) Name:

Client (2) Name:

Adviser Name:

First Interview Date:

Completed: In Person By Phone

Next Interview Date:

Date FSG & Adviser Profile Provided:

FSG Distributed by: Mail Email By hand

Referred by:

Insert your logo here

Unison Accounting Group Pty Ltd ABN 60 146 187 215 – Corporate Authorised Representative of Unison Wealth Management Pty Ltd ABN 30 105 085 612 Australian Financial Services Licensee 289621 Client Fact Find Version 1 – 1 February 2015 Page 18 of 23

Investment Risk Profile (Please complete with your Advisor if required)

Risk Management Most growth investments (e.g. property & shares) have an inherent risk of either temporary fluctuations in value & price, or the risk of permanent loss of some capital. Unison’s Investment Management service aims to minimise these risks through a number of core strategies:

• Investing only in well researched investments, that meet a strict valuation criteria, and have a ‘margin of safety’ between purchase price and estimated value;

• Diversification of investments; for example by spreading a portfolio equally across 10 investments, a 50% price drop in one investment (assuming all others are the same price) represents a 5% drop in the portfolio.

• Only investing in growth assets where you are prepared to invest for the long term (i.e. at least 7 + years), so that you give time for investments to reflect their true value, and to reap the benefits of a growing cash flow stream.

Despite these strategies there is no way to reduce risk entirely. The key is to ensure that risks are calculated, understood, and the potential reward is sufficient for the level of risk undertaken. When it comes to investing, usually when you make an informed decision to take on greater risk, you create the opportunity for greater returns. At the same time, the potential loss may also be higher. For example, historically shares and property have provided a higher return over a longer period but their value is more likely to fluctuate. Investments that pay ‘interest only’ generally have greater security, and lower volatility, but generally provide a lower return. Of course by investing too conservatively, you may incur the risk of not achieving your goals. We will ask you questions below that help to define your attitudes toward investing. We use this in combination with our understanding of your goals and objectives to ascertain an overall risk profile. Your risk profile helps to guide us on the selection of appropriate investments to meet your needs, goals, objectives, and the level of investment risk you are prepared to accept.

Please tick the boxes below, for each question:

1. How long do you expect to invest the majority of your funds for?

Client 1 Client 2

More than 7 years

5 to 7 years

3 to 5 years

Less than 3 years


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STEP 2

Para planning Request Form (PPRF)

A Para Planning Request Form (PPRF) is a strategy form that advisers complete for the Para Planners to complete the necessary compliance documents (such as SOA/ROA).

Advisers are expected to enlist the strategies (including any alternative strategies) in detail (based on client’s financial goals and objectives) in the PPRF.

After the first appointment with client and further to client’s confirmation that they would like to seek advice from you for an agreed fee.

Financial Adviser/Accountant

INVESTMENT STRATEGY

Test Super Fund2014-2015 Financial Year

1

Paraplanning Request Form Client Name(s)

Date of Request

Date Required (please allow 7 business days from the date of request)

Type of SOA/ROA/Strategy only – please tick the appropriate boxes ROA Required ☐ Limited Scope ☐ Comprehensive ☐

SOA Required ☐ Limited Scope ☐ Comprehensive ☐

Entities the SOA is required for Individual ☐ SMSF ☐ Trust ☐ Company ☐

Scope of Advice Details: (Please detail the Scope of the Advice to be provided) Background:

• Other Notes (from initial consultation):

• Risk Profile

Risk Profile Tick Conservative ☐ Balanced ☐ Growth ☐ High Growth ☐

Financial goals and objectives

Goals When Amount $

Scope of Advice

Scope Statements In Scope Out of Scope Establish SMSF with Cash Management Account ☐ ☐ Wind up SMSF ☐ ☐ Limited Recourse Borrowing Arrangement ☐ ☐ Contributions into the SMSF ☐ ☐ Salary Sacrifice contributions ☐ ☐ Shares/Direct investment (no product advice) ☐ ☐ Transition from accumulation to pension phase ☐ ☐ Types of personal insurance and level of cover (no product advice) ☐ ☐ Any other (please specify) ☐ ☐

Broad overview of the recommended strategies – Individual and Entities (please include details under the 2

relevant strategy section below) 1. 2. 3. 4. 5. 6. Broad overview of any alternative strategies – Individual and Entities (please include details under the relevant strategy section below) 1. 2. 3. 4. 5. 6.

Type of Fees Amount (incl. GST) Tick Plan Fee $ ☐ Implementation Fee $ ☐ Ongoing Adviser Service Fee $ ☐ New SMSF Deed Set Up $ ☐ Corporate Trustee Set Up $ ☐ New SMSF Deed Set Up & Company (combined) $ ☐ Establish Pension Account $ ☐ Actuarial Certificate $ ☐ Add/Remove Trustee (Individual) $ ☐ Change to Trustee $ ☐ Upgrade Trust Deed $ ☐ Holding Trust Set Up (when bank lending only, Includes Corp Trustee) $ ☐ Holding Trust Set Up & Related Party Loan, Includes Corp Trustee (combined) $ ☐

Important: please include any other fee that you would like to include in the advice document.

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Strategies to be included in the advice document (please provide details)

Strategy 1 – Establish Self-Managed Super Fund (please specify) ☐ Establish a SMSF and rollover the existing super accounts ☐

Wind up the SMSF as of ___/___/_________; Reason ____________________________ ☐ Buy Property ☐

Macquarie Cash Management ☐

Shares/Direct Investing (no product advice) ☐

Salary sacrifice/Non concessional contributions ☐

Account Based Pension/Transition to Retirement Pension ☐

Death Benefit Nominations ☐

Strategy 2 – Personal Insurance ☐ Option 1 Standard Needs Analysis (through Xplan); please provide the following details ☐ An extra charge of $50 + GST applies for this

Entity Name: Corporate Trustee/Individual Trustee:

Deposit amount: Deposit Source: Loan Amount or LVR: Year in which property is to be purchased: Is loan LRBA or Related Party Loan: Rate of interest: Repayments (P & I/Interest only):

Amount to be invested in the first year: Future/Regular investments:

Amount to be invested in the first year: Future/Regular investments:

Amount per annum or per month: How it is to be invested (into assets or pay down the debt):

Which year it is to commence from: Amount (minimum, maximum, specific)

Client name: Beneficiary Type (Reversionary/Binding Death Nomination) Beneficiary name(s) with % allocation:

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Capital Requirements Life TPD Trauma Income Protection pa

Business Expenses

pa

Liabilities to clear

Future Expenditure Required (PV)

Future Education Expenses (PV)

Medical costs/Recovery Income

Provision for tax

Other Provisions

Other

Total Capital Required $ - $ - $ - $ - $ -

Capital Provisions Life TPD Trauma Income Protection pa

Business Expenses

paDisposable Assets

Continuing Income (PV)

Total Capital Available $ - $ - $ - $ - $ -

Insurance Needs Life TPD Trauma Income Protection pa

Business Expenses

paTotal Cover Required -$ -$ -$ -$ -$

Existing Cover

Surplus/Shortfall -$ -$ -$ -$ -$

Option 2 Specific levels of cover ☐

Option 3: Specific expenses to be covered (please specify) ☐

Any other strategy/for future consideration (please provide details below) The strategy direction provided in this document is complete and correct and I authorise the Paraplanner to complete projections and the SOA based on the information provided. __________________ ___________________ _____/_____/___________ (Adviser Name) Signature Date

Life: TPD: Trauma: Income Protection:

Expense 1: Expense 2: Expense 3:


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STEP 3

MEETING 2

Statement of Advice (SOA) x 2

A Statement of Advice (SOA) is a comprehensive strategic document that sets out the advice (such as establishing/winding up the SMSF and various other strategies) given to a retail client by their licensed financial planner or adviser.

It must include the basis on which the advice is given, details of the providing entity, and information on any payments or benefits the adviser or licensee will receive.

The SOA must be given to the client at the time, or as soon as practicable after, the advice is provided.

In time critical cases (where implementation is upfront), the SOA can instead be given within 5 business days of implementing the advice.

Financial Adviser/Accountant

Copyright © Unison Financial Group 2014

SOA 1 - Establishment/Wind up Only (Basic Authority) SOA 2 - Establishment/Wind up and Strategies (Limited Authority)

Strategies that may be included in the SOA:

1. Establish/Wind up the SMSF

2. Contributions into the SMSF

3. Salary sacrifice contributions

4. Benefits of concessional vs non concessional contributions

5. Benefits of personal insurance

Strategies that may be included in the SOA:

1. Establish/Wind up the SMSF

2. Limited Recourse Borrowing Arrangement

2. Contributions into the SMSF

3. Salary sacrifice contributions

4. Share investing (no product advice)*

5. Move from accumulation to pension phase

6. Types of personal insurance and level of cover (no product advice)

* for product advice, you must refer the clients to a qualified Unison Financial Adviser.

Types of SOA

Outsource plan writing for a feeUnison KPO

White Label Unison Document Portal

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Unison SMSF Business Services and Document Portal

13

Success Program

Q1 Q2

Anti Determination Strategy SMSF, Generation X & Borrowing Strategic / Technical Support for Investment Property

Q3 Q4

SMSF Estate Planning The New Concessional Contributions Training & Accreditation rules - a Strategic shift

Success Program

Trust:

- Discretionary Trust- Discretionary Trust Variation- Change of Trustee of Discretionary Trust- Change of Trust Name- Unit Trust- Unit Trust Variation- Regulation 13.22C Trust- Superannuation Unrelated Investment Trust

Company Formations:

- Standard Company- SMSF Special Purpose Company- Constitutional Upgrade

Self Managed Superannuation Fund:

- SMSF Deed Establishment- SMSF Deed of Variation- SMSF Variation for SA- SMSF Holding Trust- Limited Recourse Loan- Investment Strategy- Consent to act as trustee and member application

Reserves:

- Creation of a Reserve- Allocation from a Reserve- Allocation to a Reserve- Contribution to a Contribution Reserve

Pensions:

- Account Based Pension- Annual Pension Payment- Market linked Pension- Transition to Retirement Pension- Commutation of Pension- Rollback of Pension

Contributions & Withdrawals:

- Lump Sum Cash Withdrawal- Lump Sum In-Specie Withdrawal- In-Specie Contribution

Assets:

- Purchase Asset & Sale Asset

Create a Document

TimetableSMSF Licensing: 2016 Timetable of Events

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Critical Events Dec Jan Feb Mar Apr May Jun

1. RG146 Course - complete ASAP

2. Compliance Training - Pathways/UFG - Compliance workshops x2 - 1:1 partner firm meeting ? ?3. Unison Workshops: Advice Documents & Processes - “Referral Only” Programme - 1:1 Meetings

4. Client Communication

5. Authorised Representative Documents - Agreements x 3 - ASIC Registrations - AR Certificates etc.

6. Commencement of SMSF Services - PI / Compliance / SMSF Services / PD’s / Other Training

1. Compliant

2. Systems & Processes in Place

3. Productive

SMSF Licensing: Preparation of SMSF Advice Documents

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2 Options for Accredited Accountants (AA)

Unison’s Para-Planning Service Fees

1. AA Completes SoA documents internally and/or

2. AA Outsources to Unison’s Internal Para-Planning Services

Type Fee Turnaround Time

Simple SoA (eg. ex LRB) TBC TBC

Other (complex) SoA TBC TBC

Note: Detailed process map to be provided in 2016 workshops

Unison SMSF Matrix Programme Fee Schedule

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Unison SMSF Matrix Programme Fee Schedule

No. Item Price $

1. SMSF RG146 Accreditation Course* » Refer to website registration

1. Course participants agree to be licensed to Unison* Representative Agreements will be provided to both the practice and individual(s)

$550.00* per person1

2. Professional Indemnity Insurance Note: payments are made monthly in advance – commencing in March-May 2016.

$330.00 pa per person($27.50 per month)

3. Compliance Services and Documents » Licensing Briefing » Compliance Support - Phone/Email » Policy & Procedures Manual » File Review Service » Kaplan Trainer ontrack

Note: payments are made monthly in advance – commencing in March-May 2016.

$1980.00 pa per person1

($165.00 per month)

4. SMSF Services » Advice Documentation / Para Planning » Training & Professional Development5

» Webinar Training Services » SMSF Matrix Diagnostics » Legal Services » Business Services – technical / marketing / administration etc » Documentation Portal Access » Technical Support

Note: Compliance SMSF Services with: 2. Comprehensive - full portal access 3. Strategic - limited portal access 4. Business - nil portal access - “user pays” system 5. Training sessions wil provide required CPD points to maintain a Limited Authority


Comprehensive$1,145.00 per month2 - no xmin AR’s

Strategic$440.00 per month3 - up to 2x AR’s

$550.00 per month3 - 3x AR’s

Business$220.00 per month4 - per AR

5. Referral Only Relationship Accounting firms who will not be RG146 Accredited and decide to establish a “Referral Only” relationship, which provides for: » The provision of all SMSF General Advice services via:

- Working with a Unison RG146 Accredited Accounting firm, or - Directly with Unison Advisors » 4 - above: SMSF Services » 6 - below: Business Coaching & Development » 7 - below: Wealth & Advice Services


$220.00 per month - per firm

6. Business Coaching and Development – Vision Programme » Refer to website summary

www.unisonaccoutninggroup.com.au/accountants

n/a

7. Wealth & Advice Services » Bureau (Referral) Partner » Joint Venture Partner » Refer to website summary

www.unisonaccoutninggroup.com.au/accountants www.unisonfg.com.au

n/a

Practice Confirmation of Services ordered by designated signatory:

....................................................................... ...................................................................... ............................................................................. Name Position Signature

www.unisonaccountinggroup.com.au

Firm Name: ........................................... Principal Contact: .......................................... Date of Order: ....../...... /......

HEAD OFFICE VICTORIA: Level 4, 863 High Street, Armadale VIC 3143POSTAL: PO Box 8094, Armadale VIC 3143 Australia

t: 1300 UNISON (1300 864 766)www.unisonfg.com.au | www.unisonaccountinggroup.com.auUnison Financial Group Pty Ltd ABN 45 607 372 878

Unison Wealth Management Pty Ltd AFSL 289621 Unison Finance Services Pty Ltd ACL 426 273

Unison Property Pty Ltd - Estate Agents License 074045L(member of REIV) Copyright © Unison Financial Group

Terms and Conditions

1. SMSF RG146 Accreditation Course: the agreement to proceed with the Unison RG146 SMSF Accreditation Course will also confirm that the registrant(s) agree(s) to be licensed to Unison Wealth Management Pty Ltd as part of their SMSF Accreditation and abide by the requirements of the Authorised Representatives Agreement.

2. GST: Goods and Services Tax is included in the fees quoted.

3. Payment Terms: Payment will be made in accordance with the respective service ordered.

4. Pricing and Fees: the prices and fees are those ruling at the date of the invoice. Prices and Fees may vary in future, at which time any change will be advised to prospective existing participants.

5. Agreement to Terms and Conditions: I/We agree to the Terms & Conditions which apply to this Fee Schedule.

Office Use OnlyHave the following Application/Order forms been completed?:

SMSF RG146 Accreditation Course

PI Cover

Compliance Programme

SMSF Services

Referral Only

Unison Wealth Services Agreement - Bureau (Referral) - Joint Venture

Have the accounting firm details been entered into Xplan?

Yes

No

Pricing Summary - Per Person / Firm

Service Comprehensive Strategic Business Referral

Accreditation Course1 $550.00 $550.00 $550.00 N/A

PI Cover $330,00 pa $330,00 pa $330,00 pa N/A

Compliance Services $1,980.00 pa pp1 $1,980.00 pa pp $1,980.00 pa pp N/A

SMSF Matrix Services $13,740.00 pa2 AR’S

$5,280.00 pa3+ AR’S

$6,600.00 pa$2,640.00 pa pp $2,640.00 pa per firm

Total Fee1, 2 $16,050.00 pa2 $7,890.00 pa2 $4,620.00 pa pp2 $2,640.00 pa per firm

Note: 1. Excludes year 1 cost of accreditation course 2. Assumes 1 x AR

C

Process Going Forward

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Limited licence with UnisonOur recommended strategy and time-frame in this case, for all firms is: 1. Complete the RG146 course ASAP - so that you are accredited and compliant, a. Unison will defer licencing you until Q1 & Q2 2016, which will minimise the overall cost and any business disruption to you. 2. In summary: Unison will start working with you during Q1/Q2 2016 - to ensure: a. All of the processes you need are in place, with selected staff adequately trained. b. You are comfortable with using all required advice documents - only 3 in our case, or It may be more practical to use our in-house SoA service. c. Your compliance requirements, training programme and all communications material are in place, d. The referral process for specific client advice is in place, direct to our advisors and para-planners where required. Referral Only RelationshipIn this case you will still be required to undertake specific work which we can of course assist with, to ensure you:

1. Establish a “Referral Only” relationship if RG146 is not suitable for your practice. 2. Have the necessary referral processes in place for all aspects of your SMSF work, ex tax compliance work.

Unison RG146 Application Form

Unison RG146 Application Form $950 On-line includes all materials – access to course materials and monthly webinars to focus on specific

issues covered in the course. The course uses Recognised Prior Learning in order to cover key skill requirements required in RG146 – Exempt Accountants recognition. Students will be assessed by Registered Training Organisation – terra cordis. Fees include RG146 accreditation

COMPANY DETAILS Full Company Name: Primary Contact: Business Address: City: State: Postcode: Mobile: Phone: Email:

PAYMENT DETAILS – Mastercard, Visa, AMEX Please note: The merchant fees for VISA/MASTER is 0.89% of gross fees, Amex surcharge is 2.7% and the merchant fees for Direct Debit is 0.88 cents.

Credit Card Type: CVV: Card Number: Expiry Date:

LET’S GET STARTED My signature or provision of direct debit and/or credit card details indicates I have read and agreed to the terms and condition overleaf. I authorise NowInfinity to get me started with the Unison RG146.

Signature: Date:

Please sign and send completed application to [email protected]