Sladen Legal principal Phil Broderick provides an update on non-arm's length income and the ATO's current approach. 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. 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. 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.