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Big names on board as UK pension fund stewardship body goes live
ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
Greater stewardship sets course for a greener future
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Belfast City Hall passes two motions of protest against Israeli government
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Revealed: the four ABC Council workers earning over £100,000 a year
The top earner received a 4.9 per cent pay rise up from last year
11:27, 8 APR 2021
Four council workers earn over £100,000 (Image: PA)
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08 April 2021 16 minute read
One key criticism of the draft Law Companion Ruling 2019/D3 (
Draft LCR) is the breadth of the ATO’s view in relation to the “nexus” required between the scheme and the loss, outgoing or expense that can constitute non-arm’s length income (
NALI) under s 295-550 of the
Income Tax Assessment Act 1997 (Cth) (
ITAA 1997).
The ATO’s view is that where an expense is incurred by a fund that is less than an arm’s length amount, all of a fund’s ordinary income and statutory income is NALI, which (after relevant expenses) is taxed at 45 per cent.