Can I lend to myself?

[Paul@PFI]

So can I make a Pty Ltd with myself as sole shareholder (but not director - harder to get bank loans if a directorship shows up on credit file) and inject $500,000 cash as initial equity. Then lend that back to myself?

Ahhh I think ATO would be all over that because it looks like a tax dodge whereas I really just want to not have to close my PPOR mortgage so I can use it to invest.

Part IVA ?? It looks like a scheme intended to obtain a tax benefit ? You may end up with $25K assessable income in a company at 30% tax and a personal deduction at 49%.....Hmmm looks like a tax scheme to me.

I wouldn't care what entity you use - Co or trust. All equally fail.