However, the Commissioner is carrying on business as usual. In short, the Commissioner concludes that businesses derive income from the sale of trading stock on an accruals basis of the full contract price even though a prompt payment discount may apply. Similarly, the purchaser obtains a deduction for the full contract price even though a lesser amount may actually be paid. There's nothing too surprising so far. Of course, facts in Rowe are not exactly the same as those covered by the ruling - the difference being that in Rowe a payment was received, whereas in the Ruling a payment is effectively waived.
Interesting times lay ahead.