By Cutcher & Neale Accounting and Financial Services - March 16, 2022
NALI rules cast doubt over employee share schemes
The ATO’s recent ruling, LCR 2021/2, which relates to non-arm’s length expenditure provisions in super funds, states that where a super fund incurs expenditure to acquire an asset for less than an arm’s length amount, then all the fund’s ordinary income and statutory income in respect of that asset...
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