On 29 June 2016, the Australian Commissioner of Taxation issued Taxation Determination (TD) 2016/11, which sets the benchmark interest rate for private company loans at 5.40% for the income year beginning 1 July 2016. 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. The benchmark interest rate is relevant to private company loans made or deemed to have been made after 3 December 1997 and before...