Home Forums Money matters Dividend payments .. help! Reply To: Dividend payments .. help!

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jayen, post: 271515, member: 54988 wrote:
james’s reply led me to https://www.ato.gov.au/business/private-company-benefits—division-7a-dividends/in-detail/division-7a—loans/ which looks highly relevant

Yes Div7A is the section of the income tax legislation I was referring to that governs debit loans advanced by companies to related parties. It essentially prevents people endlessly drawing money out of their company without triggering personal tax.