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30 Jan 09 Submission on TOFA Bill

On 20 January 2009, the Taxation Institute lodged a submission with the Senate Economics Committee in relation to the Tax Laws Amendment (Taxation of Financial Arrangements) Bill 2008. The Taxation Institute is of the view that although there remain potential defects and shortcomings in the TOFA Bill of varying degrees of importance, it supports the passage of the TOFA Bill in its current form without delay. It believes that passage of the Bill is important to bring closure to the lengthy consultation that has taken place in the development of the TOFA regime and to avoid any further unnecessary delays in its implementation.

For a copy of the submission, go here.

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