Corpus ID: 116041750

Review of Div 7A: What to expect

  title={Review of Div 7A: What to expect},
  author={Herc Koustas and Sanyin Geljic},
  journal={Taxation in Australia},
  • Herc Koustas, Sanyin Geljic
  • Published 2014
  • Engineering
  • Taxation in Australia
  • Division 7A (which is about private company distributions) of Pt III of the Income Tax Assessment Act 1936 has recently been the subject of a post-implementation review by the Board of Taxation. So far, the Board has released two discussion papers for consultation, the second of which outlines five proposed reforms to improve the operation of Div 7A. Those five proposed reforms consist of a unified set of rules based on the principle of transfers of value, a better targeted framework for… CONTINUE READING