House of Representatives
Tax Laws Amendment (2007 Measures No. 3) Bill 2007
Explanatory Memorandum(Circulated by authority of the Treasurer, the Hon Peter Costello MP)
Private companies do not generally include public companies whose shares are listed on the stock exchange in Australia or elsewhere.
Examples include payments of genuine debts and payments and loans to other companies; loans made in the ordinary course of business on ordinary commercial terms; and loans that meet minimum interest rate and maximum term criteria.
See Table 4.11 on page 65 of Taxation Statistics 2003-04 published by the ATO.