A release from Australia's Minister for Revenue and Financial Services, Kelly O'Dwyer, has been published announcing that the government will defer commencement of changes to the Taxation of Financial Arrangements (TOFA) rules so that the changes will commence from income years that begin after Royal Assent of the relevant legislation. Simplification of the rules, which set out the amount and timing of gains and losses on financing transactions for tax purposes, was announced in the 2016-17 …