Submission on ATO LCR 2021/2DC and TR 2010/DC2
The Joint Bodies, including the Institute of Financial Professionals Australia (IFPA), have raised concerns about two ATO rulings: Law Companion Ruling LCR 2021/2DC, which deals with non-arm’s length income and expenses (NALI/E) in superannuation funds, and Tax Ruling TR…
The Joint Bodies, including the Institute of Financial Professionals Australia (IFPA), have raised concerns about two ATO rulings:
- Law Companion Ruling LCR 2021/2DC, which deals with non-arm’s length income and expenses (NALI/E) in superannuation funds, and
- Tax Ruling TR 2010/1DC2, which covers superannuation contributions.
The Joint Bodies have requested further guidance and clarification on several issues and suggested ways to make the rulings clearer.
Article summary from IFPA. Read the complete original article and supporting documents.
