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Recorded Webinars

Recorded Webinar: Non-Arm's Length Income and Expenses: The New Landscape for SMSF Auditors

Recent changes have focused more than ever on income going into the fund and fund expenses. The nexus that puts it into either category is explored in this session, along with recent reforms introduced in light of COVID-19. It covers: Identifying related parties and where trans

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About the Webinar

Recent changes have focused more than ever on income going into the fund and fund expenses. The nexus that puts it into either category is explored in this session, along with recent reforms introduced in light of COVID-19. It covers:

  • Identifying related parties and where transactions must be at arms length
  • Understanding recent amendments to law on NALI and fund expenses
  • The ATO perspective on NALI and expenses
  • Draft Law Companion Ruling LCR 2019/D3 – what is its impact?
  • Demonstrating sufficient nexus to non-arm’s length expenditure and income
  • Restrictions on what trustees can do for the fund
  • Performing actions other than in capacity as trustee – what are the risk areas?
  • Unpacking the ATO’s COVID-19 rent relief concessions
  • Related party rent adjustments (discounts, deferrals or rent holidays) – are they reasonable and fair? Do they stack up in light of contributions paid from the related party to the fund?
  • Audit outcome for NALI - Part A and/or Part B qualification?
  • Case studies on application of new rules

Presented By

Belinda Aisbett
Director, Super Sphere Melbourne, Vic

Belinda is a director of Super Sphere Pty. Ltd., a specialist self managed superannuation company, where she is responsible for providing audit, consulting and training services in relation to self managed super funds.

Belinda established Super Sphere in 2003 to specialise in SMSF auditing and audit related services. This is in addition to providing an SMSF Audit Toolkit to other auditing professionals and undertaking numerous training engagements each year.

Belinda is a member of the CAANZ, and holds a Bachelor of Business (Accounting). Belinda is also a specialist Fellow member of the SMSF Association (SMSFA), co-chairperson of their audit discussion group, and a member of both the SMSF Association’s education and conference committees.

Belinda is a representative of the SMSFA at the ATO SMSF auditor professional association stakeholder group, and a member of the ATO Superannuation Industry Relationship network committee.

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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