‘Mammoth consequences’: ATO’s NALI ruling draws ire from accountants
The recent ruling on non-arm’s length income (NALI) in super funds by the ATO will have far-reaching consequences for the superannuation sector, according to industry experts.
First issued as a draft in September 2019, the finalised Law Companion Ruling 2021/2 issued on Wednesday, which clarifies the ATO’s interpretation of amendments to NALI rules relating to non-arm’s length expenditure (NALE).
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