Cash, coins, crypto and collectables – not all money is created equal

If cash is King then surely crypto is the court jester because you never know what it’s going to do next! Let’s assume that collectable notes and coins represent the past, cash represents the present and dare we say that crypto represents the future of SMSF currency investments, albeit that cash and crypto are likely to co-exist for the foreseeable future. If you throw in precious metals then we are faced with a myriad of exchangeable assets with very different rules associated with the acquiring, holding, storing and recording requirements. It can be a veritable minefield…or is that mined field?

This webinar will contemplate the various types of currency based assets that an SMSF can hold and how those asset must be held. We will also delve in to the CGT implications of holding certain assets, the related party acquisitions rules and any other requirements that need to be considered when investing in non-standard assets, or standard assets depending on where you sit in the generational divide.

Learning Outcomes:

At the end of this webinar, participants will have an appreciation for:

The acquisition rules around collectable notes, coins and precious metals
Minimum Audit requirements for holding currency based investments
Which assets are subject to CGT and which are not

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Presenter: Tim Miller

Date: 20 April 2021

Time: 12:30pm – 1:30pm AEST

Cost: FREE

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Accredited CPD Education

SuperGuardian’s education activities are assessed against the SMSF Association’s professional education standards. Being recognised as an SMSF Association Accredited Educator enables us to work closely with the Association in lifting the standards of professional SMSF advice and services through quality SMSF education.

Tim Miller

Education Manager

Tim Miller is one of Australia’s leading SMSF educators and presenters with over 23 years’ experience in the Superannuation industry. His experience has been gained through providing legislative and compliance support to thousands of Trustees, Accountants and Financial Planners since joining the SMSF sector in 1999. In addition to servicing the needs of SMSF clients, his practical and personable approach to compliance has made him a much sought after presenter.

Tim regularly presents at the major SMSF conferences and events, contributes to various trade and general publications and is the author of one of the subjects of the SMSF Association Graduate Certificate delivered through the University of Adelaide and Kaplan, which has also been adopted as part of the CA ANZ SMSF specialist program.

Tim is an SMSF Association Specialist Adviser.