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.