The transfer pricing benefit must be assessed and negated for each tax year, not on a hindsight basis over the total loan period. The determination of arm’s length profits, and any “excessive” interest deductions, had to occur year by year. This was fundamental to how the tra...
Of course, any gains on the price of winnings of crypto-assets when sold later will still be assessable for tax. Decentralised finance and wrapping crypto The ATO defines decentralised finance or “DeFi” as: a blockchain-based form of finance that is conducted without relying on a financial ...