SMSF Association Submission – Draft Law Companion Ruling LCR 2021/2DC: Non-Arm’s Length Income – expenditure incurred under a non-arm’s length arrangement

The SMSF Association welcomes the opportunity to provide a submission on LCR 2021/2DC: Non Arm’s Length Income – expenditure incurred under a non-arm’s length arrangement (the LCR).

We recommend that this submission be read in conjunction with our submission on Draft Taxation Ruling TR 2010/1DC2 Income tax: superannuation contributions (the Ruling), as the issues are highly interrelated. We have intentionally avoided replication to provide a cohesive analysis; both submissions collectively address the issues arising from the interaction of the contribution and NALI provisions and should not be considered in isolation.