ATO firms its position on non-arms’ length LRBAs The ATO states that on a number of occasions it has expressed its view that the non-arms’ length income (NALI) provisions can apply when an SMSF trustee undertakes limited recourse borrowing arrangements (LRBAs) established or maintained on terms that are not consistent with an arm’s length dealing. […]
South Yarra accountant pleads guilty to ASIC charges
South Yarra accountant pleads guilty to ASIC charges South Yarra accountant Mark Ronald Letten, the former director of LGH Holdings Ltd (in liquidation) and the principal of the accounting firm Lettens Pty Ltd, formerly The Letten Group, has pleaded guilty to 27 criminal charges, including charges of operating 21 unregistered managed investment schemes and of […]
