The latest developments with NALI and NALE

<p>Sladen Legal principal Phil Broderick provides an update on non-arm’s length income and the ATO’s current approach.<br /> <br /> Following the ATO’s decision to extend the compliance relief outlined in PCG 2020/5, Phil outlines what this means for SMSF professionals and their clients. He also reminds trustees about the types of transactions to which the relief is applicable.<br /> <br /> Phil also provides an update on lobby efforts by the industry to rectify some of the issues with the provisions following the election of a new government.<br /> <br /> He also outlines some of the problem areas for SMSFs within the broader non-arm’s length provisions and some of the grey areas with NALI that are still causing confusion.</p>