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The lack of certainty over new NALI/E legislation is a “kick in the guts” to the SMSF industry, says a top legal specialist. Daniel Butler, director of DBA Lawyers, said in the latest SMSF Advise
The delay in finalising the non-arm’s length expense or NALE legislation is exposing SMSFs and large super funds to substantial penalties, claims a leading specialist solicitor. Daniel Butler, direc
The long-running NALI/E debate has not considered the “extremely heavy-handed treatment” the specific asset NALI provisions impose, says a leading SMSF adviser. David Busoli, director of SMSF Alli
The SMSF Association said the operation of the ATO’s draft determination on NALI/E provisions in the Income Tax Assessment Act 19971 (ITAA97) appears to be outside of the policy intent and has urged
The SMSF sector and its associated industries are hoping the recently opened consultation process over the NALE rules from Treasury will help resolve many of the issues they have raised. Treasury this