{"id":15341,"date":"2024-02-29T02:13:12","date_gmt":"2024-02-28T15:13:12","guid":{"rendered":"https:\/\/www.dbalawyers.com.au\/?page_id=15341"},"modified":"2024-02-29T14:04:23","modified_gmt":"2024-02-29T03:04:23","slug":"smsf-staff-discount-policy","status":"publish","type":"page","link":"https:\/\/www.dbalawyers.com.au\/smsf-staff-discount-policy\/","title":{"rendered":"SMSF Staff Discount Policy"},"content":{"rendered":"
\"download<\/a><\/div>\n\n\n\n\n\t\n\n\t\n\t
Description<\/th>Soft Copy<\/th>\n<\/tr>\n<\/thead>\n
SMSF Staff Discount Policy<\/td>$3,500<\/td>\n<\/tr>\n
Price includes GST<\/td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Overview<\/strong><\/h3>\n

DBA offers staff discount policies to firms that provide SMSF services to staff, including employees, directors, partners, office holders and shareholders. Many firms offer a discount without any documented policy and this suite of documents provides not only an effective and appropriate SMSF staff discount policy but also provides details in relation to managing potential Non-arm\u2019s length income (NALI<\/strong>) and expense (NALE<\/strong>) issues relating to discounts especially in relation to related entities and the allocation of expenses.<\/p>\n

Why should my firm have an SMSF staff discount policy?<\/strong><\/h3>\n

Firms offering a staff discount for SMSF related services must ensure than an appropriate policy is in place. If a firm\u2019s discount policy is not in line with the ATO\u2019s position in Law Companion Ruling LCR\u00a02021\/2, this can result in NALE<\/strong> for any staff member\u2019s SMSF that obtains discounted services. NALE can give rise to a substantial tax liability under the NALI provisions in s 295-550 of the Income Tax Assessment Act 1997<\/em> (Cth).<\/p>\n

Our documentation aims to minimise the potential NALI risk relating to a firm providing a staff discount.<\/p>\n

What\u2019s included<\/strong><\/h3>\n