Private ruling: Taxation of financial arrangements rules
Date of advice: 20 February 2020
Published: April 2020

Ruling: The Commissioner made a private ruling that: | · a contractual arrangement is a 'financial arrangement' under section 230-45 of the Income Tax Assessment Act 1997 | · none of the exceptions in section 230-460 of the ITAA 1997 will apply to the contractual arrangement, and | · the accruals method in Subdivision 230-B of the Income Tax Assessment Act 1997 will apply to a gain or loss that an entity will have from the contractual arrangement.