This loan agreement in the Northern Territory is for a new loan by a shareholder to the company for a period exceeding ten years. It sets up a floating charge over the property of the company. 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. Australian legal agreement.
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Document:
L-3074LoanDe_0.docPrice:
AUD $44.00
No. of pages:
3
Loan contract - shareholder to company (over 10 years) in the Northern Territory.
Reference:
L-3074