Description

In this episode of the SMSF Adviser Show, hosts Keith Ford and Aaron Dunn are joined by Daniel Butler, director of DBA Lawyers, to discuss the state of play regarding non-arm's length expenses and income (NALE/I) as we move into 2024.

Mr Butler explains why the legislation continues to be a contentious issue, including where the problems lie, what to expect once it's finalised, and how it will impact the SMSF sector.

Listen as they discuss:

• The state of limbo the SMSF sector has been stuck in for five years.
• How the proposed changes fall short of expectations and do not fully address the complexities and potential unfairness of the current system.
• The way that innocent and inadvertent oversights can result in major penalties for trustees.