Private ruling: TOFA
Published: February 2014

Ruling: Q1: Is Company A's obligation to make a payment and its right to receive the Payment a financial arrangement, as defined in sections 230-45 to 230-55 of the Income Tax Assessment Act 1997 (Cth) (ITAA 1997)? | A1: No | Q2: Is Company A's right to receive the Payment a financial arrangement, as defined in sections 230-45 to 230-55 of ITAA 1997, to which some or all of the amount paid by Company A is a financial benefit which is "integral" within the meaning of section 230-60 of ITAA 1997? | A2: Some but not all.