AAT case sheds light on NALI rules

The question of whether the payment of dividends to a self-managed super fund from a private company was a non-arm’s length transaction involved more than a consideration of the relative amount of dividends paid. It also involved a consideration of…

SMSF borrowers may have to recalculate their balances

A change to limited recourse borrowing arrangements, included in new superannuation legislation, may make borrowing a less popular option for members of self-managed super funds. The outstanding balance of borrowings of self-managed superannuation funds will, in certain circumstances, have to…

SMSF trustees face tougher non-arm’s length rules

The Government has moved on its proposal to tighten up on SMSFs deriving income from non-arm’s length income (NALI) arrangements, including new NALI rules in a superannuation amendment bill introduced into the House of Representatives last month. Under current rules,…