INCOME TAX ASSESSMENT ACT 1936

PART III - LIABILITY TO TAXATION  

Division 7A - Distributions to entities connected with a private company  

Subdivision D - 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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