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.
