Item 31 - Taxation of Financial Arrangements (TOFA)

See Taxation of financial arrangements on the ATO website and, for more information, see TOFA.

The TOFA rules apply to the following partnerships:

• authorised deposit-taking institutions, securitisation vehicles and financial sector entities with an aggregated annual turnover of $20 million or more
• managed investment schemes, or entities with a similar status under foreign law relating to corporate regulation with assets of $100 million or more
• any other partnership which satisfies one or more of the following
  • an aggregated turnover of $100 million or more
  • assets of $300 million or more
  • financial assets of $100 million or more.

If the TOFA rules apply to calculate an assessable gain or deductible loss on the partnership’s financial arrangements, you must complete this item.