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Home Podcasts

‘We deserve clarity’: navigating NALE purgatory

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.

by Robyn Tongol
January 17, 2024
in Podcasts
Reading Time: 1 min read

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:

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  • 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.

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SMSF Adviser is the authoritative source of news, opinions and market intelligence for Australia’s SMSF sector. The SMSF sector now represents more than one million members and approximately one third of Australia's superannuation savings. Over the past five years the number of SMSF members has increased by close to 30 per cent, highlighting the opportunity for engaged, informed and driven professionals to build successful SMSF advice business.

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