Taxation Determination

TD 94/53W

Income tax: what is an appropriate treatment for funds that have been raised under an infrastructure borrowing, but which are not immediately used?

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Notice of Withdrawal

Taxation Determination TD 94/53 is withdrawn with effect from today.

1. TD 94/53 explains what the appropriate treatment of funds that might be raised to be utilised for infrastructure facilities before expenditure is contractually required to be made for the construction or acquisitions of the facilities, where funds are not immediately used.

2. TD 94/53 deals with the former infrastructure borrowing provisions in Division 16L of Part III of the ITAA 1936, which were repealed by the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997.

3. TD 94/53 has no ongoing relevance and is therefore withdrawn without replacement.

Commissioner of Taxation
7 December 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

Previously issued as Draft TD 94/D6

References

ATO references:
NO 1-9N72KXS

Related Rulings/Determinations:

TD 94/49
TD 94/50
TD 94/51
TD 94/52

Subject References:
infrastructure borrowing

Legislative References:
ITAA 159GZZZV
ITAA 159GZZZZA
ITAA 159GZZZZE(1)