• Refinanced loans on agreement between the private company and shareholder (or their associate)

    As noted under Refinancing loans, from the 2006-07 year a private company loan can be refinanced to either convert a secured loan to an unsecured loan or an unsecured loan to a secured loan. In such cases, the repayment made as part of the refinancing is not disregarded for Division 7A purposes.

      Last modified: 27 Jul 2016QC 17341