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Tag Archives: 254T
Frankly my dear I’m confused
It was welcome when it came and now it’s got everyone hot and bothered. I am referring to the corporation law amendment that allowed dividends to be paid if the balance sheet test was satisfied, no need that dividends can only be ‘out of profits’. Section 254 T of the Corporations Act provided that no dividends may be paid unless: The company’s assets exceeded its liabilities immediately before the dividend is declared and the excess is sufficient for the payment … Continue reading
Posted in Corporations Law, Dividends, Tax administration
Tagged 254T, Corps Law, Dividends
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