Government finalises NALE position

The Federal Government has introduced into Parliament, the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023 (on 13 September 2023), which amends the non-arm’s length income (NALI) rules within s.295-550 of the ITAA 1997 to deal with non-arm’s length expenditure (NALE) that relate to general expenses of a fund.…