Loans by shareholders - Debt Not Equity - old loan

This loan agreement is for an old loan but under ten years old. It is in the form of a promissory note that documents the loan by a shareholder in a way which makes it clear that it is to be considered as debt not equity under Division 974 of the Income Tax Assessment Act 1997. It starts making interest payments from this date forward to make the nature of the loan absolutely clear, but, because it is less than ten years old, it is not concerned with interest payments related to the past. An instrument like this one needs to be created for all loans from shareholders before the deadline 1 July 2004.

Document: 
L-3042LoanDe_0.doc
Price: 
AUD $55.00
No. of pages: 
2

Agreement is for an old loan, under ten years old. Promissory note.

In the pipeline - but may be brought forward on request
Reference: 
L-3042