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
2 At the end of subsection 109C(3A)
Add:
Note: Payments converted to loans before the private company’s lodgment day are treated as loans (see subsection 109D(4A)).
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