Guideline on non-arm’s length expenditure for super funds

Practical Compliance Guideline PCG 2020/5 sets out the ATO’s transitional compliance approach to amendments to s 295-550 of ITAA 1997 relating to non-arm’s length expenditure of complying superannuation entities.

This transitional compliance approach does not apply where the fund incurred non-arm’s length expenditure that directly related to the fund deriving particular ordinary or statutory income. The guideline was previously issued as draft PCG 2019/D6.