We conducted our annual SMSF Roundtable earlier this year and asked the opinions of some the most respected experts in the sector about the most important issues. In this segment we asked: How difficult will the proposed new non-arm’s length income laws relating to non arm’s expenses be to enforce? Will this legislation make fund administration significantly more difficult? Are the legislators trying to make expense recognition to exact?

Participants:

Chris Balalovski – Self-managed Independent Super Funds chair and BDO Business Services partner

Peter Hogan – SMSF Association head of education and technical

Graeme Colley – SuperConcepts technical and private wealth executive manager

Yvonne Chu – Head of Technical Services at Australian Unity