08 July 2021 - Division 7A - A deep dive into what is and isn't legal and launch of the LYD Div7A solution

In this session, Grant Abbott and Michael Jeffriess will look at the requirements of Division 7A of the ITAA 1936 in relation to the use of company monies and funds, particularly bucket companies by shareholders and associated entities. We will also review the current 7 and 25-year solutions and the proposed ten-year solution. In addition, the LightYear docs and Abbott & Mourly team have built a Division 7A solution that covers minimum payments, future drawdowns and the use of company dividends as payments by way of promissory notes rather than the dangerous set-off.

Please find attachment links below:

• July 7 Div 7A