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  • Question 4



    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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    Complete by placing an 'X' in the applicable box. If you answer 'yes', you need to provide the following information:

    • financing activities
    • insurance and reinsurance.

    We are seeking information to examine compliance risks in respect of Australian taxpayers' cross border financing and insurance and reinsurance activities undertaken with related parties located in specified countries. To help us in developing our compliance strategies for these activities, we seek to identify the principal countries where these dealings are undertaken and quantify the extent of these dealings.

    Only dealings conducted on the taxpayer's own behalf need to be taken into account in the answer to this question. That is, dealings by a financial services entity on behalf of its clients are not to be included. For example, a dealing where you serve as the contracting party when completing the purchase of a currency swap on behalf of your customer would not be included in the answer to this question but the purchase of a currency swap in your own right to hedge you own financial position would be included.

    If you had related party dealings with entities located in any of the specified countries during the income year, in relation to financing activities, insurance or reinsurance, answer 'yes' and complete the required fields.

    The dollar amounts or values asked for in this question are all based on your accounting records.


    That where you have undertaken financing and/or insurance and reinsurance activities with related parties located in specified countries, you should provide all relevant details regardless of the amounts reported at other questions.

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    Last modified: 09 Nov 2011QC 24292