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Managing Expenses in an SMSF (correctly): The New Rules

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Uncomplicating the complicated:
a guide to NALI and NALE

How the new rules for expenses in an SMSF work in practice
The ‘red flags’ and problem areas
What is and isn’t a scheme and what to do about it

A Live Instructor Led Webinar

The ATO has held off applying compliance resources to non-arm’s length expenses in superannuation funds but with the new rules imminent, that compliance holiday is over. 

The Managing Expenses in an SMSF webinar walks through the practical application of the new rules to the typical client scenarios you are likely to encounter. 

The new rules create their own set of challenges. Accountants will need to integrate the new methodologies into their work, be able to identify scenarios at risk of falling foul of the rules, and manage impacted arrangements. 

We’ll explore various structures and issues where NALI and NALE may be present and what to do about it. Plus, we’ll walk you through the latest guidance. 

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AU $195 members
AU $235 non-members

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Register Team*

AU $520 members
AU $595 non-members

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Knowledge Shop members, register through the portal for the discounted rate
(new portal | retiring portal)

1.25 CPD Hours (est.)

Details

Recorded: 13 March 2024 

SMSF Association accreditation pending 

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 15 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

Subjective tests are never easy and the dividing lines between what is and what isn’t within the rules are not always obvious. It’s essential that any adviser working with SMSFs has a deep understanding of the application and impact of the treatment of the array of expenses in an SMSF. 

What's included?

  • 1 x 1.25 hour (est.) webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • How the newly legislated changes will operate for non-arm’s length expenses 
  • The new definitions of general and specific expenses, and how these definitions change your approach 
  • Worked examples outlining how the new rules apply to different practical scenarios 
  • Tax treatment to a fund and how to avoid unintended CGT issues 
  • LCR 2021/2 in practice and common scenarios that may cause an SMSF to have NALI 
  • Rectifying ongoing NALI issues 
  • Where do the new rules leave professionals working for their own funds? 

Our presenter

Superannuation Adviser, Knowledge Shop

Natalie Scott

Natalie ScottNatalie has spent well over a decade immersed in the intricacies of how SMSFs operate, navigating an increasingly complex legislative and regulatory environment, and managing the issues that arise servicing client needs.

She has led the SMSF divisions of mid and second tier firms and understands SMSFs from the ground up – accounting, tax, structuring and advice. At Knowledge Shop, Natalie is an advisers’ adviser, helping the profession clarify the practical requirements and opportunities of SMSFs. She brings this knowledge to her presentations and explores the issues in a very practical way – knowledge that is immediately transferable in practice.

Natalie is a Chartered Accountant and a specialist member of the SMSF Association.