Non-Arm’s Length Expenditure Of Complying Super Entities

Legislation has recently been passed to ensure that any goods or services provided by a trustee of a superannuation fund is at arm’s length.

Non-arm’s length expenses incurred by a superannuation entity in gaining or producing assessable income will result in such income being taxed at 47%.

This can include for example a real estate agent providing management services or a builder providing their labour to build or repair an asset owned by the fund.

The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.

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