FPE020 SMSF Regulation and Taxation

This subject focuses on the legislation and regulations that underpin the operation of a self managed superannuation fund (SMSF). It provides the specialist technical knowledge, critical thinking and problem solving skills necessary to provide competent and compliant advice to clients in the complex and dynamic SMSF sector. This subject covers the establishment, operation, and management of an SMSF as well as the contribution standards, taxation rules, pension and estate planning, and investment restrictions unique to an SMSF. Learning is applied in the assessments via a range of client case studies, developing and justifying an SMSF strategy as well as discussion and collaboration with other students.

You must successfully pass this subject to be eligible to apply for the SMSF Specialist Advisor (SSA™) designation with the SMSF Association.

For more information, please refer to the subject outline.

  • Learning outcomes
    • On successful completion of this subject, individuals should be able to:

      1. Research and critically evaluate the legal regulations that apply to SMSFs.
      2. Research and critically evaluate the special taxation rules applicable to superannuation contributions, superannuation funds and superannuation benefits.
      3. Develop an SMSF strategy to deal with regulatory and tax requirements in a complex SMSF scenario.
      4. Justify an SMSF strategy to deal with regulatory and tax requirements in a complex SMSF scenario.
  • Subject content
    • Topic Title
      Topic 1 SMSF regulatory framework
      Topic 2 Regulating SMSFs
      Topic 3 Contribution standards
      Topic 4 Investing in an SMSF
      Topic 5 Taxation and SMSFs
      Topic 6 Members interests and preservation standards
      Topic 7 Pension payment standards and paying a benefit
      Topic 8 Taxing superannuation payments
      Topic 9 SMSF controls — planning for life

  • CPD
    • CPD mapping is currently being reviewed for this subject.

  • Duration
    • The duration of this subject is one study period (12 weeks).

  • Assessment
  • Prerequsites
    • There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject.

  • Assumed knowledge
    • Whilst there are no prerequisites for this subject, Kaplan Professional assumes individuals have completed FPC003 Superannuation and Retirement Advice and FPC008 Investment Advice, or understand the content covered in those subjects, prior to undertaking FPE020 SMSF Regulations and Taxation.

  • Course transition subject equivalence
    • there are no equivalences for this subject.

  • Reading list
    • There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.