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NIFO hedging under TOFA - Practical considerations presentation


This presentation covers:

  • hedging policy/objective
  • importance of hedging
  • current status of TOFA hedging
  • NIFO hedging in the EM
  • the HFA and HFA gains/losses
  • the hedged item and NIFO
  • NIFO hedges and the TOFA transitional election
  • what if the TOFA hedging method does not apply?

Author profile

Kane Nicholson
Kane Nicholson is an Associate Director at Macquarie Group in the Taxation Division. He specialises in income tax issues arising in the financial services industry with a particular focus on the TOFA implications for banking and fund management groups. Kane is involved in the tax working groups of the FSC, AFMA and ABA and certain TOFA NTLG subgroups. Prior to working for Macquarie, Kane had over 10 years of financial services tax experience in Sydney and London working for Andersen, Ernst & Young and Aviva plc. - Current at 05 April 2012


This was presented at 2012 Financial Services Taxation Conference .

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