DST tweaks HiPort for Oz tax updates

DST Global Solutions has enhanced its investment management administration platform HiPortfolio to support Australia's Taxation of Financial Arrangements (Tofa), which will come into effect from 1 July this year. The Tofa Act will align taxation more closely with the commercial recognition of gains and losses. HiPortfolio has been tweaked to support Tofa in a number of areas, including its tax, reporting and transaction engines.

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