IN BRIEF
If passed in Parliament, the Corporations Legislation Amendment
(Deregulatory and Other Measures) Bill 2014 may simplify the
process of declaring and paying dividends and reduce compliance
costs for SME businesses. In this article we take a look at the
current and proposed new rules for paying dividends.
INTRODUCTION
If passed in Parliament, the Corporations Legislation Amendment
(Deregulatory and Other Measures) Bill 2014 may simplify the
process of declaring and paying dividends and reduce compliance
costs for SME businesses.
THE CURRENT RULES FOR PAYING DIVIDENDS
The circumstances under which a company can currently declare
and pay a dividend are contained in section 254T of the
Corporations Act 2001 (Cth).
