Opinion
Trustees trapped in nightmare of new expense rules
What is being forgotten is that the goal behind the change was to target SMSFs that enter borrowing arrangements with related parties on non-arm’s-length terms.
Peter BurgessContributorNew non-arm’s-length expense (NALE) rules have become an administrative nightmare for self-managed super fund trustees and advisers.
They were introduced in October 2019 (and backdated to July 1, 2018) to address perceived deficiencies in the non-arm’s-length income (NALI) provisions.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Personal finance
Fetching latest articles