Senate Economics Legislation Committee public hearing on NALE

On Monday 13 November 2023, our association was invited to appear before the Senate Economics Legislation Committee’s public hearing as part of its inquiry into Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023. Schedule 7 of the…

On Monday 13 November 2023, our association was invited to appear before the Senate Economics Legislation Committee’s public hearing as part of its inquiry into Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023. Schedule 7 of the Bill which relates to changes to the non-arm’s length expense (NALE) rules was discussed. In brief, it was put forward to the government that the proposed legislation be withdrawn and the NALE and non-arm’s length income (NALI) rules be remedied as proposed by the industry groups.

You can read our supplementary submission here.