Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 1   Distributions to entities connected with a private company and related issues

Part 1   Main amendments

Income Tax Assessment Act 1936

11   Section 109P (note)

Repeal the note, substitute:

Note: A shortfall in a minimum yearly repayment of an amalgamated loan may be treated as a dividend under section 109E.