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Exposure Draft - TOFA Related Amendments to Ease Transition and to Ensure Appropriate Interaction with the Pay As You Go Instalments Provisions


Monday, 25 July 2011

Content ID:



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).

Making a submission

Interested parties are invited to comment on the exposure draft. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Monday, 15 August 2011

Address written submissions to:
The General Manager
Business Tax Division
The Treasury
Langton Crescent

Email: tofa@treasury.gov.au

For enquiries, please call Nan Wang on (02) 6263 2768.

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Consultation Summary - TOFA and PAYG Instalments interaction amendments  26.37kb
Consultation Summary - TOFA amendments to ease transition  26.33kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Consultation Summary - TOFA and PAYG Instalments interaction amendments  867.89kb
Consultation Summary - TOFA amendments to ease transition  865.21kb

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