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Showing 1 - 6 of 6 results for %22NALE%22

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... this new policy. Together with Labor's other changes in the Quality of Advice Review and non-arm's length expenses (NALE) provision, Talyor said this is all part of "a broader attack on self-managed superannuation and the regulatory approach ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... is not SMSF specific but it's finance-sector specific." Another piece of regulation - non-arm's length expenses (NALE) and non-arm's length income (NALI) of small APRA funds and SMSFs that is awaiting Royal Assent - have received plenty of ...

Consultation opens on NALI reforms

ANDREW MCKEAN  |  TUESDAY, 20 JUN 2023
... bill contains amendments to the Income Tax Assessment Act 1997 which limits the application of the non-arm's length expense (NALE) rules to SMSFs and SAFs. Under the current law, the non-arm's length expense (NALE) rules apply to all complying superannuation ...

SMSFA calls for budget amendments

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... (NALI) provisions with new principles was also pointed out. It said the introduction of the non-arm's length expenditure (NALE) rules from July 2018 will have far-reaching and unjustifiable consequences for superannuation. "The rules should be re-worded ...

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
... Companion Ruling and the implications of this ruling for both APRA-regulated funds and SMSFs." Non-arm's length expenses (NALE) occur when a self-managed super fund's expenses are less than the amount they would have been if parties were operating on ...

Jail time for tax adviser

ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
The Federal Court has sentenced a tax adviser to seven and a half months in prison and fined him $640,000. Brisbane-based Kent Scott Hacker will spend Christmas behind bars after receiving the seven and a half months sentence. He, and his related companies ...
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