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SMSF Updates

Super fund NALI/NALE rules: ATO 12 months extension

17 Jun, 2022

The ATO has advised that it’s extending the transitional compliance approach contained in PCG 2020/5 by 12 months to 30 June 2023. It has amended LCR 2021/2 to reflect this extension.

This means that the ATO will not allocate compliance resources in the 2022–2023 financial year to determine whether the non-arm’s length income provisions apply to all the income of the fund where it incurs non-arm’s length expenditure of a general nature on or before 30 June 2023.  



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