Search results

See s109N http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1936240/s109n.html

Rob What about a company lending to husband, husband paying back and a month later the company lends to wife. Do you think this would be captured by s109T? Interposed entities if the husband and wife used the money independently of each other?

No, a company could still lend.

'you' can't provide a director loan, but the company can loan you money. From a taxation point of view Division 7A will apply. See s109C ITAA36 onwards. Without looking it up, it is my understanding that it may be possible for the company to lend to an associate once as long as it is paid...

The above is vague. If 'you' refers to the individual then Div 7a won't apply to loans you lend to the company. Is this what you mean?