Key Documents
Exposure Draft - PDF 35.38 KB
Exposure Draft - RTF 149.56 KB
Explanatory Material - PDF 125.53 KB
Explanatory Material - RTF 543.34 KB
The exposure draft legislation and accompanying explanatory materials are in relation to the TOFA related announced amendments that:
- ensure that the TOFA Stages 3 & 4 provisions interact appropriately with the pay as you go instalments provisions to lower compliance costs for taxpayers (announced by the former Assistant Treasurer on 29 June 2010); and
- give the Commissioner of Taxation the power to extend the time for taxpayers to notify the Commissioner about making a transitional election to apply the TOFA Stages 3 and 4 provisions to existing financial arrangements (announced by the Assistant Treasurer on 29 November 2010).
This consultation forms part of the Taxation of Financial Arrangements (TOFA) initiative.
Submissions
1 submission was received for this consultation.
Joint submission – The Institute of Chartered Accountants in Australia, The Taxation Institute and Australian Bankers’ Association - pdf 74.75 KB
