• Family members as Directors, members and

owners of family owned legal entities

• Family members as financial beneficiaries of

family owned entities

• Independent officers of family owned entities

• Trusted Advisors to family offices and family

office executives

Who Should Participate?

• The structures available to families of wealth• The nature of ownership in different legal structures

• Balancing asset protection vs. taxation considerations

• Understanding distributions and outflows

• Setting policy around wealth ownership• Understanding the key players: Trustees, Protectors,

Appointers, Directors and Custodians

• Approaches to administration and management

What Will You Learn?

DATES

31 May - 1 June 2016 - Brisbane 15 June - 16 June 2016 - Melbourne

www.pwnetwork.com.au

PRICING

Members: $2,500+GST per individual, per course

Non-Members: $3,250+GST per individual, per course

FOR MORE INFORMATION

Richard MilroyFounder and DirectorPrivate Wealth Network

M: 0414 318 450E: rmilroy@pwnetwork.com.au

VENUE

Brisbane

The Inchcolm, 73 Wickham Terrace, Brisbane 4000

Melbourne

Intercontinental Melbourne The Rialto, 495 Collins St, Melbourne 3000

Designed specifically for family members, Tax and Trusts Masterclass will give participants a firm understanding of the various ways wealth can be held, and the considerations families face when making structuring decisions.

Our course convener, Graham Reeve (Independent Family Advisor) works at a high level with a number

of prominent Australian and New Zealand based families, assisting them across a range of areas including

investment, structuring and governance.

He will draw on his extensive experience to lead

participants through to a good understanding of the

framework of wealth ownership and an appreciation of

how structure helps underpin successful accumulation of

wealth.

He will also explore the impact this has on the transition

of that wealth by way of careful forward thinking,

structuring and education of beneficiaries and families.

T R A I N I N G

TAX AND TRUSTS MASTERCLASSExploring the Structure of Wealth

Understand your own family structures and how they may evolve in the future

Tax Fundamentals: An outline of how tax affects investment returns - Before considering how ownership affects outcomes, it is important to understand how the tax system in Australia operates, and the outcomes produced by different ways of receiving income. We will explore the fundamental concepts that investors need to be aware of and what their implications are on the private investment portfolio.

The Trustee as Mentor and Guide - James E. Hughes Jr (Acclaimed family wealth expert, USA), via video link, will explore how family members and trusts can relate: with the trust either as a burden or a blessing to its beneficiaries. He will also explore the delicate but important relationship between Trustee and beneficiaries as mentors and in managing the transfer of significant wealth from generation to generation peacefully.

Dictators or Democrats? Legal form as directional or indicative - The role of legal entities is not limited to managing after-tax outcomes, and families often must compromise on this to mitigate third party risk. This session explores the advantages and disadvantages of structures to the long term needs, objectives and concerns of wealth owners.

The Nature of Ownership: Does ownership follow control? - This session explores the difference between legal and beneficial ownership of assets and understanding the difference between legal ownership, a mere expectancy, contingent interests and present entitlement.

Structures of Ownership: How can families hold financial assets? - The manner by which financial assets may be owned is varied, and the decision of which vehicle to use depends on the nature of the asset, its geography and how it will be used. This session will offer an overview of the choices of structure available, their traditional role and how they are employed by families of wealth.

The Practical Role of Family Trusts? - The way that entities are funded affects returns when monies are returned to wealth holders. There may however be other reasons to structure the funding of entities in different ways. We will examine how families make decisions around funding, and to what extent the family’s spending plans should be integrated into legal structure and form.

Roles and Responsibilities: Who is doing what to whom? - Understanding the different job descriptions as well as the roles and responsibilities that are required in the administration and management of legal structures, including testamentary estate management, is important to be able to comprehend who is doing what to whom?

Understanding the Legal Form and Nature of Asset Ownership - While investment risk is at the forefront of most families’ ‘risk management’ plans, the most significant permanent losses of capital are due to issues with the custody of financial assets. This session will be a “need to know” for families in the custody and operational management of financial assets.

Governance and Structure: How can families organise themselves to make decisions? -Graham Reeve (Independent Family Advisor) will explore how the role of the Family Office has grown as a model for the management of wealth for wealthy families. This will include how such offices are conceived, the basis upon which their services are delivered and how the families Graham has worked with engage with their family offices.

SESSION TOPICSTax and Trusts Masterclass

DAY 1 DAY 2

LUNCH

Tax Fundamentals: An outline of how tax affects investment returns

The Trustee as Mentor and Guide

Structures of Ownership: How can families hold financial assets?

The Nature of Ownership: Does ownership follow control?

The Practical Role of Family Trusts?

Dictators or Democrats: Legal form as directional or indicative

Case Study Exercise: Setting policy around wealth ownership

Case Study: Setting policy around wealth ownership

Collectively held wealth requires agreements to be formed in regard to distribution levels and

entitlements. Consideration must also be made of how legal form impacts on the decision making

process.

Building on the work of the earlier sessions and through the use of a case study, we shall examine the

decision making process a family may consider in determining how their wealth should be structured for

long term success.

In our case study, the Kilroy family has just recieved a large amount of after tax capital and are meeting

to discuss how it should be held. We will ask participants to explore how the Kilroy family can legally hold

their assets, and how the family’s needs and objectives could inform this.

In regards to ultimate capital entitlements, should the Kilroys agree on methods of income distribution

and setting direction?

Note: The order and content of sessions may alter as the course structures and materials are finalised

Roles and Responsibilities: Who is doing what to whom?

Understanding the Legal Form and Nature of Asset Ownership

Governance and Structure: How can families organise themselves to make decisions?

AGENDATax and Trusts Masterclass

Graham has lectured at both the undergraduate and post graduate level at Melbourne University in Tax, Trusts and

Personal Finance for over a decade, and has also presented on Family issues at courses in Asia.

Graham is passionate about families and family business. He grew up in his family’s engineering business and after a Commerce Degree at Melbourne University joined Arthur Andersen where he became a tax and financial planning partner in a career spanning over 27 years.

He subsequently joined the Myer Family Office (now the Myer Family Company) and was the CEO responsible for growing the office from a single family office in Melbourne servicing the many branches and generations of the Myer family, to Australia’s premier multi-family office servicing over 100 families and charitable entities in three states.

Graham has over 40 years of experience in advising families. He retired from MFCo in 2015.

Graham has been a Director of the large Todd Family Office in Wellington, New Zealand for five years and will be the chairman from May 2016.

Graham continues to advise families on their relationships and structures.

Graham Reeve

Course Convener

Independent Family Advisor

FACULTYTax and Trusts Masterclass

Private Wealth Network

Web www.pwnetwork.com.auPhone +61 2 9261 1704 Fax +61 2 9261 1766Post Private Wealth Network Level 8, 283–285 Clarence St Sydney NSW 2000 Australia

TAX AND TRUSTS MASTERCLASS DATES & LOCATION

Brisbane 31 May - 1 June 2016

Melbourne 15 June - 16 June 2016

ALL ENQUIRIES Richard Milroyrmilroy@pwnetwork.com.au

CANCELLATION POLICYShould you be unable to attend, a substitute student is always welcome at no extra cost. Alternatively, a refund, minus 50% (incl. GST) service charge will be made for cancellations received in writing up to one month prior to the event. Regrettably, no refund will be given for cancellations received later than one month prior to the event.

PRIVACYPWN respects the privacy of private individuals and families. If you are concerned about providing your details please contact Ruth McKenzie on +61 2 9261 1704.

PWN reserves the right to change the program without notice.

ABN 78 117 870 943

www.pwnetwork.com.au

T R A I N I N G

Please indicate which category you fall into:

Family Member(s)

Family Office Executive

Other – please specify:

Name

Company/Organisation Position

Address

Postcode

Phone Email

Location

Brisbane, 31 May - 1 June 2016

Melbourne, 15 June - 16 June 2016

Pricing Members: $2,500+GST per individual, per course

Non-Members: $3,250+GST per individual, per course

Method of Payment

Cheque (please make cheque payable to Private Wealth Network Pty Ltd)

Invoice

Credit Card (AMEX incurs a 3% surcharge)

Name on card

Card Number

Expiry Date CVV

Signature Total

REGISTRATIONTax and Trusts Masterclass