Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 7A
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Distributions to entities connected with a private company
A private company is not taken under section 109C or 109D to pay a dividend because of a payment or loan the private company makes to another company.
Subdivision D
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Payments and loans that are not treated as dividends
SECTION 109K
109K
INTER-COMPANY PAYMENTS AND LOANS NOT TREATED AS DIVIDENDS
A private company is not taken under section 109C or 109D to pay a dividend because of a payment or loan the private company makes to another company.
Note:
This does not apply to a payment or loan to a company in its capacity as trustee. (See section 109ZE .)
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