Does the original loan cover all future loans under Division 7A or do you need to update the Loan Agreement every year?

It only covers existing loan, however we have an amalgamated Division 7A loan package coming in early June 2023.

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