Beware of how gnarly expenditure is within the new NALI rules

With recent enactment of Treasury Laws Amendment (2018 Superannuation Measures No. 1) Act 2019, we have seen important changes made to the operation of the non-arm’s length income (NALI) provisions that now apply retrospectively from 1 July 2018.  In this first blog post on the topic, we are focusing on the issue of non-arm’s length…