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05 Nov 14 Corrective action under Div 7A

Corrective action under Div 7A ITAA 1936 involves the taxpayer taking specific steps to put themselves in the position that they would have been in had they complied with the exclusions in Div 7A to avoid the amount being treated as a deemed dividend.

For ATO information about corrective action under Div 7A, go here


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