iscover Labor needs to act fast on NALI rules
SuperPenalties for non-arm’s length income – NALI – in superannuation need legislative change before the compliance honeymoon comes to an end next July, said the superannuation leader at CA ANZ, Tony Negline.
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Speaking on this week’s Accountants Daily podcast, Mr Negline said the Coalition had left the problem in Labor’s in-tray.
“Hopefully the new government will make an announcement that they intend to amend the law to bring it back to a more reasonable setting,” he said.
“It has to be by legislation. It’s the only way to solve it properly.”
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