Complex sentence: The company may be taken to have paid a Division 7A dividend to the shareholder equal to the amount caught by the Division 7A rules, limited to the private company's distributable surplus.
Split into simpler sentences: The company may be taken to have paid a Division 7A dividend to the shareholder equal to the amount caught by the Division 7A rules. In any event, the amount caught by Division 7A is limited to the private company's distributable surplus.