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The problem under the new definition according to TR 2010/3 is that you have to enter loan agreements if you want to use the money that you say you are borrowing from the company. In the past it was ok, it wasn't a "loan", it was an Unpaid Present Entitlement and unless you breached Subdivision...

With unpaid present entitlements to companies from trusts now being treated as loans, any distributions allocated to companies have to be repaid back to the trust over 7 years (or 25 years secured) with interest or the distribution has to be paid to the company in full, otherwise it becomes a...