On 15 July 2015, the Australian Commissioner of Taxation issued a taxation determination (TD 2015/15) setting the benchmark interest rate for private company loans at 5.45% for the income year beginning 1 July 2015. The rate is used for determining required repayments of amalgamated private company loans to shareholders. If repayments do not meet or exceed the determined repayment amount, the difference between the required payment and the actual payment made is treated as a deemed dividend.
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