Does the Division 7A Loan Agreement has an offset arrangement that allows for declared dividends to be offset against any Division 7A loans to meet the minimum repayment amount?

The loan agreement does not allow for the declared dividends to be used as an offset for any Division 7A loan agreement.

Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024