Home' SMSF Professionals Association of Australia : SPAA Yearbook 2014 Contents 62.SPAA.2014
Western Australian Chapter -- Tracey Scotchbrook, Chair
2014 has been a very busy year, passing by very quickly. The Western
Australian Chapter has grown to 272 members, of which 160 are
specialist members, with seven of those holding dual SSATM and SSAudTM
specialisation. It has been exciting to see our new student and a liate
members, who joined us during the course of the year, as well. To all our
new members: welcome!
The Western Australian State Technical Conference was a wonderful
opportunity for the Committee to catch up with members who we
had not seen in some time, and to meet new members. Member
feedback is vital to the Committee in supporting them, providing a
communication channel to head o ce and for planning events that
meet our changing needs.
We are currently preparing our events calendar for 2015, and look
forward to delivering an exciting series of events for members in the
Once again, the Committee would like to acknowledge and thank
Shadforth Financial Group for its generous support in allowing us to
continue to hold and run our Western Australian Chapter events in its
training facilities in West Perth. Their generosity enables us to reduce
our operating costs and offer a quality, centralised location to hold
I would like to take this opportunity to thank the Committee members
for all that they did this year. Without the commitment and dedication of
the Committee members, who give their time voluntarily, it would not
be possible to o er the local events, networking and support services
We look forward to an exciting 2015.
Tasmanian Chapter -- David Allen, incoming Chair
In 2012, a geographical gap was lled with the establishment of
a Tasmanian Chapter of SPAA, under founding chairman Damien
Monahan, SMSF team leader at Shadforth Financial Group. The Apple
Isle chapter gives the association the full set of seven state chapters
and one territory chapter -- an anomaly explained by the fact that the
Australian Capital Territory Chapter calls itself a state chapter.
Monahan -- now based in Melbourne -- had moved to Hobart in
early 2012 to take up a job with his previous employer. Having been
actively involved in the Victorian State Chapter for several years, he
quickly realised that there was a need to establish its Tasmanian
"I knew from visiting Tasmania a lot as a state manager that
there were quite a number of committed SPAA members, but I had
never given much thought as to why there wasn't a local chapter,"
says Monahan. "As soon as I mentioned it, I was surprised at how
enthusiastic the local members were about establishing a state
The chapter was established with one caveat -- the uno cial border
at Oatlands, which separates northern and southern Tasmania. Once,
the Oatlands "line in the sand" marked the southernmost sales of
Boag's beer, with every pub south of Oatlands selling the Hobart-
"When we hold events in Hobart, it's di cult to get the Launceston
members to come down, and vice versa for when we hold them in
Launceston -- although when we do that, we do get some of the
north-west members. It's been suggested that we hold them in the
Midlands Hotel, in Oatlands," Monahan says.
At present there are "about 40 members," says Monahan, but the
chapter is con dent that it can build on those numbers. "When you
consider that there are at least 300 nancial advisers as a single group,
as well as numerous other professional rms that service the SMSF
sector in areas such as accounting, legal, and auditing, we believe
we have a good pool of potential members. Having professional and
social activities that interest members will be critical to our chapter's
success, and we have gotten o to a ying start," he says.
While he does not suggest that it is caused by the lack until recently
of a SPAA chapter, Monahan says the uptake of SMSFs in Tasmania is
the lowest per capita of any state. "We think that forming a chapter
of SPAA will go part of the way toward normalising that," he says.
"It is certainly lifting the awareness of the brand on the part of
members of the public, in order to recognise the value of a specialist
self-managed super accreditation. There is potentially a lot of 'old
money' in Tasmania, and a large number of retirees, and there's a high
concentration of advisers in both major centres."
Having returned to Melbourne to take up his current role with
Shadforths, Monahan is preparing to step down at the end of this year,
at the completion of his agreed term. But he says he has an 'excellent'
deputy chairman, who was the person he identi ed in succession
planning before he even started the chapter -- David Allen.
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