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These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
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Notes Online Home 2020 Tax Hot Spots II What's new
ATO announces new COVID-19 repayment relief for Division 7A complying loans
In this segment of the notes examine the ATO’s announcement regarding new COVID-19 repayment relief for Division 7A complying loans. In more detail:
• Details of the ATO’s Division 7A COVID-19 administration relief
• What are the consequences if a borrower misses the 30 June 2021 payment deadline?
• Addendem to the NTAA loan agreement
