Division 7A - The Budget Amendments As Legislation
Published on 23 Mar 2010
| Took place at Education Development Centre, Hindmarsh, SA
On 4 January 2010, exposure draft Tax Laws Amendment (2010 Measures No.1) Bill: Division 7A was released for
public comment. Broadly, the exposure draft legislation proposes changes that will prevent a shareholder of a
private company (or an associate of the shareholder) accessing tax-free dividends through the use of company
assets, under a lease, licence or other right to use, for less than their market value.
This event covered:
- overview of proposed changes
- what it may mean in practical terms
- potential issues and concerns (including examples)
- public consultation.
Note: This event, part of the Bi-Monthly series, also included a tax update session.