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

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.

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deals with the former infrastructure borrowing provisions in Division 16L of Part III of the ITAA 1936, which were repealed by the Taxation Laws Amendment (Infrastructure Borrowings) Act 1997.

TD 94/53 has no ongoing relevance and is therefore withdrawn without replacement.