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Division 7A and use – significant changes from Exposure Draft to final legislative bill


The Tax Laws Amendment (2010 Measures No.2) Bill 2010 proposes to extend Div 7A’s coverage to the use of private company assets by shareholders and their associates. This article focuses on the practical application of these use provisions and their exceptions. The article also explores practical ways that private companies and their shareholders may manage the use of company assets into the future.

Author profile

Dung Lam CTA
Dung Lam is a Senior Associate at Argyle Lawyers with close to 20 years experience in advising on a wide variety of taxes including income tax, capital gains tax, GST and state taxes such as payroll tax and land tax. Dung also has extensive experience advising on taxation trusts, superannuation issues in the self managed superannuation funds arena and tax issues related to estate planning. Dung advises a broad range of clients ranging from small to medium enterprises, high net worth individuals, professional firms, accountants and their clients. Dung is a Chartered Tax Adviser, full member of the Society of Trusts and Estate Practitioners and a member of the NSW Law Society Liaison Committee with the NSW Office of State Revenue. - Current at 17 October 2017
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