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Media Release: CPA Australia.
(From MediaNet Press Release Wire)
This is a media release - distributed by AAP MediaNet
Media Release Friday, 15 July 2005 'At call' loans announcement is welcome relief for small business, says CPA Australia The announcement today by the Minister for Revenue and Assistant Treasurer, Mal Brough, to enhance the small business 'at call' loans carve-out from the debt/equity tax rules is a sensible and welcome move according to Australia's largest accounting and finance organisation, CPA Australia
The carve-out has been altered from a $5 million net assets test/threshold to a $20 million per annum turnover test. This will alleviate the undue …
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