INCOME TAX ASSESSMENT ACT 1936 - SECT 109P Amalgamated loans not treated as dividends in the year they are made
INCOME TAX ASSESSMENT ACT 1936 - SECT 109P
Amalgamated loans not treated as dividends in the year they are madeA private company is not taken under section 109D to pay a dividend because of an amalgamated loan it makes.
Note: A shortfall in a minimum yearly repayment of an amalgamated loan
may be treated as a dividend under section 109E.