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Know your NALI and NALE?

Recorded live 21 Sep 2023
Expenses, tax and administration

$360.00 +GST

Audience

This event is recommended for accountants and auditors working with SMSFs. 

Audience

Learning outcomes

  1. Explain the circumstances that will give rise to an SMSF having non-arm’s length income (NALI); 
  2. Identify the factors that would lead to an SMSF having non-arm’s length expenditure (NALE); 
  3. Evaluate the effect of the NALI provisions on the contribution; trustee remuneration and CGT rules; 
  4. Assess the options for an SMSF trustee to avoid being caught by the NALI provisions. 
Learning outcomes

Relevancy

This event was presented live 21 September 2023.

Relevancy

CPD hours

This training provides 2.5 hours accredited by the SMSF Association. The Legislated CPD Hours breakdown for financial advisers is as follows: 

  • Regulatory compliance and consumer protection: 1.5 CPD hours 
  • Tax (financial) advice: 1 CPD hour
CPD hours

Government announced in the 2023-24 Budget amendments to the non-arm’s length income (NALI) provisions which apply to non-arm’s length expenditure (NALE) and legislation has been drafted to enact these amendments and has been under consultation with industry.

In this on demand training we will update you on the changes to the NALI and NALE provisions in the Tax Act impacting SMSFs to understand the circumstances that can give rise to income of an SMSF being treated as NALI; when an SMSF will have NALE; and the tax implications. We will also utilise case studies to explore the interaction of the NALI rules with the SIS trustee remuneration rules, contribution rules and CGT provisions, and to identify what SMSF trustees can do to avoid being caught by the NALI provisions.

Registration to this event includes: 

  • 2 hour recording
  • Learning guide, slides and case studies
  • Recording and materials available to download for 3 months after purchasing the training
  • SMSF Association accredited CPD certificate for 2.5 hours  
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Presented by

Mark Ellem
Head of Education
Accurium
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Terms and Conditions
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