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Recorded Webinars
In the current environment with community debate on the level of tax concessions for superannuation and large SMSF balances, there is increased focus on non-arm’s length transactions that bolster SMSF assets. The ATO has a new weapon in its armoury, whereby expenditure incurred b

Date/Time

About the Webinar

In the current environment with community debate on the level of tax concessions for superannuation and large SMSF balances, there is increased focus on non-arm’s length transactions that bolster SMSF assets. The ATO has a new weapon in its armoury, whereby expenditure incurred by a super fund under a non-arm’s length arrangement can trigger the NALI provisions. Even a minor breach currently has the potential to subject an SMSF to the highest marginal tax rate. This session drills down on how the NALI rules now apply in practice, including:

  • How the NALI rules can have application to services provided by:
    • trustees
    • accountants and fund administrators
    • financial advisers
  • How a minor breach could subject a fund’s income, including capital gains, to the top marginal tax rate, even if in pension mode, and the proposed legislative changes to address this
  • Can a breach for an under market value expenditure transaction be rectified by accounting for an in specie contribution journal entry?
  • The challenges for SMSFs participating in start-up entities involving members
  • How the market value substitution rules will apply
  • What is the ATO’s compliance approach?
  • Practical examples, including two unrelated SMSFs equally owning units in a unit trust with related party lending on non-commercial terms – what is the NALI effect?

Presented By

Ian Burgess
Partner, Ernst

Who Should Attend?

This webinar is suitable for accountants advising in superannuation matters – Australia wide. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD/Training hour . This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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