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  • Which entities are affected?



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    The TOFA rules will apply to you if you are:

    • an authorised deposit-taking institution, securitisation vehicle or financial sector entity with an aggregated annual turnover of $20 million or more
    • a superannuation entity, approved deposit fund, pooled superannuation fund, managed investment scheme or entity with a similar status under foreign law relating to foreign regulation, with assets of $100 million or more
    • any other entity (other than an individual) 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 you do not meet these requirements you can elect to have the TOFA rules apply to you.

    Last modified: 08 Jul 2013QC 25657