This loan agreement in the state of New South Wales is for a new loan by a shareholder to the company for a period exceeding ten years. It uses the moving average interest rate to ensure that equity cannot be seen to accumulate throughout the life of the loan and declarations as to purpose and relationship between the company and the lender to ensure that the loan is to be considered debt not equity under Division 974 of the Income Tax Assessment Act 1997.
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Document:
L-3070LoanDe_2.docPrice:
AUD $44.00
No. of pages:
2
NSW - Loan - shareholder to company (over 10 years).
Reference:
L-3070