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Which entities are affected?

Last updated 7 July 2013

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.