We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Earlier in the year, the Federal Government announced as part of its Budget that the non-commercial loan rules in Division 7A of the Income Tax Assessment Act 1936 would be extended to cover circumstances where a shareholder (or their associate) is permitted to use a company asset, such as real estate or a car for free or at a rate that is less than market value
