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TOFA in reflection

Published on 18 May 2011 | Took place at Perth Convention & Exhibition Centre, Perth, WA

TOFA 3 & 4 legislation received Royal Assent on 26 March 2009, with a mandatory start of 1 July 2010 (unless the taxpayer opted for an early start). The desire of the Government is that TOFA assist the financial tax system to operate at global best practice standards.

The purpose of this event was to consider how TOFA has operated, noting some of the issues that remain outstanding and to consider some personal experiences of applying the TOFA rules.

This event considered some core issues which still need addressing and took a practical look at the rules (with reference back to the legislation as required).

This event was part of the May Corporate Tax Club.

Individual sessions

TOFA in reflection

Author(s):  John MURRAY

This presentation covers:

  • financial arrangements
  • cash settlable
  • aggregation/disaggregation rules
  • NANE rules
  • redeemable preference shares.
Materials from this session: