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FAAA Masterclass Series

High quality professional development. Designed by financial planners, for financial planners.

The FAAA Masterclass Series are designed by financial planners for financial planners to offer high quality professional development to support you in building sustainable businesses and deliver good and affordable advice for the benefit of your clients. 

The FAAA Masterclass Autumn Series 2024 is now complete however you can still take advantage of the 12 virtual sessions (75 minutes each) on demand. Each worth 1.25 CPD hours (a total of 15 for the whole series).

Price

Register for the full package or purchase individual streams that suit your professional learning needs.

Full series package (12 sessions across 3 streams)

CFP Member – $199

FAAA member – $229

Non-member – $499

Price per individual stream

CFP Member – $89

FAAA member – $99

Non-member – $299

Stream One - Estate Planning

Offshore Tax Aspects of Deceased Estates

Ian Raspin

Legislated CPD Areas: Tax (Financial) Advice (1.25 hours)
Knowledge Areas: Estate Planning (0.25 hours), Tax (1.0 hours)

Join Ian Raspin for this session as he explores from a high-level the complexities of how Australian taxation laws apply, and changes based on the residency status of a taxpayer, their executor or even that of their beneficiaries.  With an ever-increasing multicultural society and global community, it is not surprising that many clients will have assets they historically acquired prior to becoming an Australian resident, or as an Australian resident, they personally acquired or even inherited from an offshore estate.

Many of these clients may likewise have children or other beneficiaries living abroad. All of these combinations, along with the characteristic of the asset, can result in significantly different tax outcomes. Ian’s session will provide advisors with a conceptual understanding of how these combinations interplay with not only estate planning and administration, but equally how they could impact on investment decisions and recommendations.

The Essential Tips for a Good Estate Plan and Traps to Avoid

Peter Bobbin

Legislated CPD Areas: Client Care & Practice (0.25 hours), Regulatory Compliance & Consumer Protection (0.25 hours), Tax (Financial) Advice (0.25 hours), Technical Competence (0.25 hours)
Knowledge Areas: Estate Planning (1.25 hours)

Is your client estate plan up to date and fit for (their) purpose?  Why not stress test their plan against Peter Bobbin’s ten-point critical tips?  In a fast-paced session you will learn.

– Must have power appointment terms.
– Why and how critical estate planning thinking is not about your client.
– When to super BDBN and more importantly when to not.
– Why the testamentary trust is over-rated.
– What must be done now to be estate plan ready.

Peter Bobbin is the father of modern estate planning, his strategies from 1985 are still relevant to this day. Join us and test your planning to see if your estate plan skills are still relevant today.

Estate Planning, Business Risks and Tips for Financial Advisers

Peter Bobbin

Legislated CPD Areas: Client Care & Practice (0.25 hours), Regulatory Compliance & Consumer Protection (0.50 hours), Technical Competence (0.25 hours)
Knowledge Areas: Estate Planning (1.25 hours)

When you do client estate planning, do you ensure where and how you fit in?  It is great to get your client well-structured and planned but might it work against you?  Let Peter Bobbin tell you what you need to know to ensure that you fit into the plan in an ethically and commercially structured way that protects your business.  In this session learn about.

– The fine but clear line of legal versus financial estate planning
– What authorities you need to enable you to financially carry out the estate plan.
– Executor or Power of Attorney?  Yes, you can in three defined steps.
– The notices to give now to clients to preserve your future.
– How to work with the professional estate planning lawyer or accountant.

Estate Planning Solutions for Vulnerable Beneficiaries

Kathy Havers

Legislated CPD Areas: Client Care & Practice (0.25 hours), Regulatory Compliance & Consumer Protection (0.50 hours), Technical Competence (0.25 hours)
Knowledge Areas: Estate Planning (1.25 hours)

When you do client estate planning, do you ensure where and how you fit in?  It is great to get your client well-structured and planned but might it work against you?  Let Peter Bobbin tell you what you need to know to ensure that you fit into the plan in an ethically and commercially structured way that protects your business.  In this session learn about.

– The fine but clear line of legal versus financial estate planning
– What authorities you need to enable you to financially carry out the estate plan.
– Executor or Power of Attorney?  Yes, you can in three defined steps.
– The notices to give now to clients to preserve your future.
– How to work with the professional estate planning lawyer or accountant.

Stream Two - Taxation (Financial) Advice

Relationship Breakdown – The Tax Consequences

Bruce Thomas

Legislated CPD Areas: Tax (Financial) Advice (1.25 hours)
Knowledge Areas: Taxation (1.25 hours)

Divorces often lead to a number of tax implications, particularly when transferring real property from one party to another. If you have a client who is recently divorced or contemplating getting a divorce, then it is important to understand the tax implications this will have.

This session highlights the key tax implications surrounding a divorce or separation.

FBT Essentials – A Practical Guide

Brian Goodridge

Legislated CPD Areas: Tax (Financial) Advice (1.25 hours)
Knowledge Areas: Taxation (1.25 hours)

There are a lot of misconceptions and misunderstanding about fringe benefits tax and how to manage business expenditure that could be caught up by this tax. In this session we explore the most common areas of FBT that affect SME’s and provide practical tips on how to manage this within your business.

Tax Planning for Businesses – How to Strategically Minimise your Tax

Brian Goodridge

Legislated CPD Areas: Tax (Financial) Advice (1.25 hours)
Knowledge Areas: Taxation (1.25 hours)

As the late Kerry Packer once said …”If anybody in this country doesn’t minimise their tax they want their head read.” In this session we’ll look at three aspects of tax planning and how they can be used to legally minimise the tax you pay. These include structural tax planning, transactional tax planning and yearend tax planning.

Small Business CGT – Tax Concessions

James McPhedran

Legislated CPD Areas: Tax (Financial) Advice (1.25 hours)
Knowledge Areas: Taxation (1.25 hours)

The small business CGT concessions are one of the most sought-after tax concessions available for small business. However, they are also one of the most poorly understood and are a high priority review area for the ATO.

This session will examine some of the basic technical aspects of this legislation in a case study context.

Practical examples of basic issues such as:
– Active Asset.
– $6m net asset value test.
– Connected entity issues.

Stream Three - Ethics

Client Capacity – Ethical Decision Making

Richard Hopkin

Legislated CPD Areas: Professionalism and Ethics (1.25 hours)
Knowledge Areas: Financial Planning (1.25 hours)

Financial advisers are confronted with clients whose capacity is declining, which raises both legal and ethical issues. As Australia’s population lives longer, more advisers will be exposed to clients with declining capacity. Advisers will also be on the front line of the “great wealth transfer” in the next few decades – planning for and managing deteriorating client capacity will be a critical element of inheritance and wealth transfer planning.

In this session, Richard Hopkin, Senior Associate at Cowell Clarke Commercial Lawyers, will navigate the ethics of providing services to clients who might no longer have capacity, including practical tips about establishing whether a client has capacity and what to do where a client’s instructions become contrary to their best interests.

Recognising and Mitigating Our Bias: An Ethical Lens

Nidal Danoun

Legislated CPD Areas: Professionalism and Ethics (1.25 hours)
Knowledge Areas: Financial Planning (1.25 hours)

Biases affect all of us all the time. It is therefore important to build our awareness to recognise our biases and their impact on our daily lives to enable us to mitigate their impact. This is particularly relevant when we consider biases impact on ethical decision making.

In this session we will address the following:
– Conscious and unconscious biases.
– Biases and their impediment to ethical behaviour.
– Biases impact on ethical thinking and ethical decision making.
– Case study application.

Ethical Pitfalls of Advising Couples

Richard Hopkin

Legislated CPD Areas: Professionalism and Ethics (1.25 hours)
Knowledge Areas: Ethics (1.25 hours)

Financial advisers frequently advise couples and families. As a result, advisers will be confronted with legal and ethical issues associated with advising couples, particularly in the context of family breakdown. Given their position as trusted advisers with unique knowledge of their clients’ assets, advisers can be faced with circumstances that are difficult to navigate, including non-responsive clients, conflicting instructions and conflicting interests.

In this session, Richard Hopkin, Senior Associate at Cowell Clarke Commercial Lawyers, will take advisers through the ethical pitfalls of providing services to couples as clients, including practical tips about what to do when clients’ interests diverge in the course of a relationship breakdown.

Taking a CURSIVE approach to resolving ethical dilemmas

Rob Kimberley

Legislated CPD Areas: Professionalism and Ethics (1.25 hours)
Knowledge Areas: Ethics (1.25 hours)

Demystifying ethical dilemmas by using a joined-up approach.  In the session we will set out a methodology and then apply it to real world case studies encountered by our members.

Speakers

Consultant Lawyer (Taxation)

Peter Bobbin is a leading legal veteran in trusts, taxation, superannuation and estate planning. A big believer in giving back to the community, Peter is an often-requested speaker for many professional associations and is proud of his role as Charity Trustee of theFuture2 Foundation.

In 2015, Peter was honoured by the Tax Institute as the Tax Advisor of the Year (SME) and has been recognised as a preeminent Australian lawyer in estate planning.

Recently the Australian Chair of the Society of Trust and Estate Practitioners (STEP), Peter is a former university lecturer and accountant; Peter claims that he can speak both accountant’ease and legal’ease. Outside of work, Peter is married to Penny and is an enthusiastic cyclist with three great loves: good food, good wine and one other.

 

Executive Director | Prosperity Financial Services

Nidal Danoun is the executive director of Prosperity Financial Services. He provides advice and training to organisations, businesses, and professionals in the areas of financial services regulation, compliance, ethics, corporate governance, and culture. Nidal is also a lecturer at the University of New South Wales (UNSW) Business School and the Australian Graduate School of Management (AGSM) in the areas of wealth management, ethics, and estate planning. He is also a Certified Ethics Trainer with the CFA institute. Nidal regularly works with regulators, large financial institutions and accounting firms in the areas of ethics, leadership, governance, and financial services regulations.

Nidal holds a Master of Commerce in finance and business law; he is a Chartered Accountant, a Fellow CPA Financial Planning Specialist, a Certified Financial Planner, Chartered Tax Adviser, and a member of the CFA Institute. Nidal has over 25 years of experience in the financial services industry.

Managing Director, Goodridge Advisory
 

Brian is the managing director of Goodridge Advisory, a full-service accounting firm located in Sydney’s Norwest. With over 20 years of experience, Brian is highly regarded in the industry due to his ability to work through complex tax matters to obtain sensible commercial outcomes. Brian works closely with his clients, and through his approachable demeanour and deep expertise, to ensure clients’ professional and personal goals are achieved.

Brian’s expertise lies in developing strategies to streamline accounting processes and enhance financial performance, whilst taking pride in his ability to provide insightful analysis and recommendations to management. Brian’s experience allows him to mentor and collaborate with clients and their team to ensure the best outcome is achieved as efficiently as possible, all while ensuring the client’s business is in safe hands.

Kathy has been a strategic advisor for over 20 years. She merged her private practice into Viridian in September 2019. She works as a Specialist Executive Advisor and leads the Viridian Private Office team in Victoria.

Kathy’s experience and passion spans advice to high-net-worth individuals and families with specialist experience for clients with complex structures and needs. She has additional expertise in philanthropy and family succession planning. She is highly sought out as a specialist advisor to families with disabilities, having a child with complex special needs herself.

Kathy is also a Director on the Board of the Viridian Foundation, along with Kindred Spirits Foundation where she takes an active role to really make a difference to her community. She lives by the mantra of “you have not truly lived until you have done something wonderful for someone who can never possibly repay you”/ The rewards for giving and altering lives are humbling and resoundingly fulfilling for her.

Kathy is a CFP, has a Masters of Entrepreneurship and Innovation (MEI) and is a Graduate of the AICD. She has twice been awarded the Financial Planning Association’s National Award for Community Service as well as the national Award for Community Engagement for Women in Financial Services.

In 2022, Kathy was a finalist in the AFA Female Excellence in Advice Awards and was recognised as one of the top 50 most influential advisors as part of the Financial Standard Power50.

Senior Associate | Cowell Clarke’s Financial Services

Richard Hopkin is a Senior Associate in Cowell Clarke’s Financial Services team. Richard practices predominantly in the area of financial services regulation and compliance across the financial services industry, covering Australian Financial Services (AFS) licensing and compliance, including: AFSL applications and variations, ASIC reporting and enforcement, remediation programs and IDR/AFCA matters. Richard is a key part of Cowell Clarke’s online AFSL compliance portal services.

Richard also works on related commercial and corporate projects, including commercial contracts and M&A.

Head of Professional Standards | Financial Advice Association Australia (FAAA)
 

Rob has been working with the FAAA since March 2021 and is responsible for delivering the FAAA’s professionalism function.   

He has over 15 years’ experience in the financial services industry in Australia and internationally, working in both the public and private sectors, for wealth management firms, top tier banking groups and regulatory bodies, specialising in dispute resolution and advice review.  

Senior Tax & Superannuation Trainer | Chartered Accountants Australia and New Zealand

James has 18 years’ experience in the industry, including roles at the Big Four accounting firms and advisory roles at mid-tier firms. He has been a trainer with CA ANZ for over 11 years and has maintained a client re-sign rate of more than 90% for 11 consecutive years.

His advanced knowledge of taxation and superannuation has allowed him to focus on SMEs and high net worth individual. James holds a bachelor’s degree in law and economics from the University of Queensland and a Masters of Taxation from the University of Sydney.

 

Managing Director | BNR Partners & Chair | STEP

Ian is the Managing Director of BNR Partners and has specialised in the taxation of deceased estates since 2000. He commenced his career in public practice in Tasmania working predominantly with SME’s, prior to ‘migrating’ to Australia in 1998 and commencing his career with BNR Partners. BNR was named the 2019/20 global winner of ‘mid-sized accounting firm of the year’ in the prestigious Society of Trust and Estate Practitioners private client awards held in London.

Ian is recognised both nationally and internationally on Australian estate taxation matters. He is both a published author on estate taxation and a frequent presenter at both legal and accounting conferences and events, including for various Law Societies, the Society of Trusts and Estate Practitioners (STEP), CPA Australia, the Tax Institute and the College of Law. Ian also regularly provides in-house training sessions for legal firms and trustee companies, and consults with professional bodies, regulators and the private sector on estate taxation issues.

He is actively involved in the professional arena and was a 2017 finalist in the Tax Institute of Australia’s SME Tax Advisor of the year Awards and the recipient of CPA Australia’s 2016 Henry Fox Award for services to Public Practice.

Ian is a fellow of both CPA Australia, and of Chartered Accountants Australia and New Zealand, he is also a Certified Tax Advisor of the Taxation Institute of Australia, a registered Practitioner of the Society of Trusts and Estate Practitioners and a graduate member of the Australian Institute of Company Directors.

Ian is the Chair of the Society of Trust and Estate Practitioners Australia Limited and a sitting member of CPA Australia Taxation Centre of Excellence, He also sits on the Planning Advisory Committee for the College of Law.

Senior Tax & Superannuation Trainer | Chartered Accountants Australia and New Zealand

Bruce was previously a tax manager with William Buck Chartered Accountants where he advised clients on the application of the goods and services tax, FBT and other government changes

He worked for the ATO for 17 years, including as a senior officer dealing with technical issues involving the GST. Bruce has been a trainer with CA ANZ for over 18 years.