Reform of the superannuation fund ‘Non-arm’s Length Expenditure (NALE) rules (finally)- Consultation Paper released
On Tuesday 245.1.23, the Government released a consultation paper on options to amend the non-arm’s length expense (NALE) provisions for superannuation funds – which advisers in the Superannuation space, have been ‘baying’ for, for years – especially for large funds, where just a little expenditure breach, could ‘taint’ the whole of the fund’s income (even…