Draft Taxation Ruling
TR 1999/D13W - Withdrawal
Income tax: advance payments made under swap agreements
Please note that the PDF version is the authorised version of this draft ruling.
FOI status:may be released
Notice of Withdrawal
1. Draft Taxation Ruling TR 1999/D13 deals with the taxation treatment of payments made under a swap (being an agreement or arrangement involving an exchange of cash flows on predetermined conditions), including advance payments under those arrangements.
2. On 26 February 2005, at the request of representative banking bodies, TR 1999/D13 was withdrawn as a topic from the public rulings program. At that time, it was anticipated that the Taxation of Financial Arrangements legislation would deliver a legislative solution to the issues canvassed in the draft Ruling.
Commissioner of Taxation
9 April 2008