Document ID: chunk:federal_register_of_legislation:C2007A00079:clause:1_19
Version: federal_register_of_legislation:C2007A00079
Segment Type: clause
Provision Reference: sch 1 cl 19
Character Range: 19613–20181

19  After subsection 109ZC(1)
Insert:

 (1A) This section also sets out special rules for dealing with a dividend (also the later dividend) distributed by a private company if:
 (a) the private company distributes the later dividend to a shareholder in the company; and
 (b) the shareholder applies the amount of the dividend to repay all or part of a loan:
 (i) that was obtained from the private company by an associate of the shareholder; and
 (ii) in relation to which a dividend was previously taken under this Division to have been paid by the private company.