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_RachelC(Newbie)Newbie
15 July 2021

1) Can a director/ shareholder of a company deposit monies into his private company and withdraw a portion of that monies in several occasions within the same financial year? Should I treat the monies as share capital or loan?

2) If the monies is treated as loan to the company, does the director/ shareholder has to charge interest on the loan?

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Directors/ shareholder - loan or share capital to a private company | ATO Community