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NALI/NALE: The new rules

Recorded live 17 Jul 2024
Expenses, tax and administration

$213.64 +GST

Audience

Recommended for financial advisors and accountants advising clients on the operation of their SMSF, and for compliance accountants.

Audience

Learning outcomes

Upon completion of this event, you will be able to:

  1. Understand how the newly legislated rules apply to non-arm’s length general expenses
  2. The new definitions of general and specific expenses and how these definitions change your approach
  3. Tax treatment to a fund and how to avoid unintended CGT issues
  4. LCR 2021/2 in practice and common scenarios that may cause an SMSF to have NALI
  5. How to rectify ongoing NALI issues
  6. How the new rules impact professionals performing work on their own funds
Learning outcomes

Relevancy

This training was presented live on 17/07/2024.

Relevancy

CPD hours

This training provides 1.25 hours accredited by the SMSF Association. The Legislated CPD Hours breakdown for financial advisers is as follows:

  • Regulatory compliance and consumer protection: 0.5 CPD hours
  • Tax (financial) advice: 0.75 CPD hours
CPD hours

Parliament has now passed the reforms to the non-arm’s expense rules for SMSFs that apply to income derived in the 2018-19 income year onwards.

The NALI/NALE: The new rules webinar walks through the practical application of the new rules to the typical client scenarios you are likely to encounter. 

The ATO is laser focussed on how expenses are managed by related parties within an SMSF. We’ll explore the latest guidance and the compliance hot spots.

The new rules create their own set of challenges. Accountants need to integrate the new methodologies into their work, be able to identify scenarios at risk of falling foul of the rules, and manage impacted arrangements. 

We’ll explore various structures and issues where NALI and NALE may be present and what to do about it. Plus, we’ll walk you through the latest guidance and problem areas. 

Natalie circle

Presented by

Natalie Scott
Superannuation Adviser
Knowledge Shop

This webinar is presented by our partners at Knowledge Shop.

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