The government and Treasury will consult with industry stakeholders on the appropriate operation of the non-arm’s length income (NALI) and expense provisions, particularly for APRA‑regulated superannuation funds.
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Government offers ‘umbrella of hope’ in NALI storm
Changes to the non-arm’s length expense provisions announced by Minister for Superannuation Jane Hume on Tuesday have been praised by professional bodies as restoring the original intention of the law.
