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Recorded Webinars

Recorded Webinar: NALI Just Got a Whole Lot Gnarlier for SMSF Auditors

The recent release of ATO’s LCR 2021/2 provides detailed guidance on the interaction between expenditure under a non-arm’s length arrangement and the effect this can have on the taxing of a fund’s income. This session drills down on the content of the ruling from an SMSF auditor’
PRESENTED BY Shirley Schaefer Partner - BDO , Adelaide

Date/Time

About the Webinar

The recent release of ATO’s LCR 2021/2 provides detailed guidance on the interaction between expenditure under a non-arm’s length arrangement and the effect this can have on the taxing of a fund’s income. This session drills down on the content of the ruling from an SMSF auditor’s perspective, including:

  • When minor breaches can have a material impact
  • The extent of auditor enquiry and testing expected from the ATO
  • Practical guidance on the extent of audit testing for accounting costs that may trigger NALI
  • The future CGT implications when taking over the audit of a fund that has previously incurred non-arm’s length expenditure on an asset
  • The implication that non-arm’s length audit fees can have on the taxing of the fund
  • Possible interaction between in specie contributions and NALI/NALE
  • ATO’s compliance approach to LCR 2021/2
  • Practical examples where NALI and NALE can have a material impact on the financial results of a fund

Presented By

Shirley Schaefer
Partner, BDO Adelaide, SA

Shirley is an auditor by training and a SMSF expert by choice. Shirley leads the Superannuation team, at BDO in South Australia. She is a recognised industry expert and a passionate advocate of her clients, team and industry.

Shirley is a regular speaker at SMSF & Audit conferences. She provides SMSF competency training for accountants and auditors and is the co-author of the Thomson Reuters SMSF Audit Guide. Shirley is the winner of the multiple national SMSF and SMSF audit awards.

Who Should Attend?

This webinar is suitable for SMSF auditors throughout Australia. This webinar is for practitioners with some knowledge in this area and looking to improve their knowledge.

CPD Information

Accountants can claim up to 1 CPD/Training hour. This webinar has been designed to run for 1 hour, however, webinar lengths can vary depending on the level of questions and discussion.

Enquiries/Assistance

If you need assistance or have an enquiry, please do not hesitate to contact our Webinar Coordinator, Lisa Tran on (03) 8601 7709 or email: [email protected]

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