Document ID: chunk:federal_register_of_legislation:C2011A00147:clause:3_2
Version: federal_register_of_legislation:C2011A00147
Segment Type: clause
Provision Reference: sch 3 cl 2
Character Range: 19713–20408

2  Definitions
In this Part:
amended instalment income definition means section 45‑120 in Schedule 1 to the Taxation Administration Act 1953 as amended by this Schedule.
first TOFA year means the first income year commencing on or after 1 July 2010 for which:
 (a) either or both of the following applies:
 (i) a gain (or gains) from a financial arrangement is included in your assessable income under Division 230 of the Income Tax Assessment Act 1997;
 (ii) a loss (or losses) from a financial arrangement is allowable to you as a deduction under that Division; and
 (b) at least one gain or loss referred to in paragraph (a) is from a financial arrangement other than a qualifying security.