The ATO has produced a webcast to provide an introduction to the TOFA rules and explain how they operate. The webcast will take approximately 30 minutes to complete, and covers the following topics:
- why we have the TOFA rules
- who must apply the TOFA rules
- what is meant by 'financial arrangement'
- when the TOFA rules start to apply
- how the TOFA rules calculate gains and losses
- practical implementation matters.
To access the webcast, go here