Statute
Section 109P — Income Tax Assessment Act 1936: Amalgamated loans not treated as dividends in the year they are made
Text of the provision Official document
A private company is not taken under section 109D to pay a dividend because of an amalgamated loan it makes. Note: A shortfall in a minimum yearly repayment of an amalgamated loan may be treated as a dividend under section 109E.
Official source: Federal Register of Legislation
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