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Related Australia Law Questions
I have ownership of 25% in a company but i no longer work
Hi i have ownership of 25% in a company but i no longer work there at the end of the year will i still get my full dividend or can the company reduce them because im not working there … read more
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Director of a business won't provide the paperwork to sign us up as shareholders of a company however has paid me a shareholders dividend. Is this enough to prove we are Shareholders? … read more
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Hello my father has a pty ltd company with 4 shareholder, 2 of them are directors. The 4 people have been getting fully franked dividends for the past 2 years, but one of the directors changed it this… read more
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Dear Sir,I have lived overseas for 5 years and during this
Dear Sir, I have lived overseas for 5 years and during this time I have rented out my home in Sydney. I was of the understanding that CGT would start applying after 6 years of renting it out, if I dec… read more
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I and my ex wife ran a company, which is still there and not closed but not doing any businesss. She was also incharge of the accounts. The salaries and dividends used to get paid in our joint family … read more
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HI IF A PUBLIC COMPANY DECLARES A DIVIDEND AND 80 PERCENT OF
HI IF A PUBLIC COMPANY DECLARES A DIVIDEND AND 80 PERCENT OF THE ALLOTTED DIVIDEND IS TO GO TO TWO SHAREHOLDERS AND WHEN THE DIVIDEND IS DUE TO BE PAID THE COMPANY HAS NOT GOT ENOUGH FUNDS TO PAY CAN … read more
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I OWN 40% OF SHARES IN A PRIVATE COMPANY. AT THE END OF
I OWN 40% OF SHARES IN A PRIVATE COMPANY. AT THE END OF THE FINANCIALYEAR THE COMPANY SHOWS AN AFTER TAX PROFIT. AM I ENTITLED TO 40% OF THOSE PROFITS AS A FULLY FRANKED DIVIDEND, OR CAN THE MAJORITY … read more
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A husband and wife own one share each in a family company and the proposed matrimonial settlement requires that the wife's share in the company to pass to the husband with the wife being paid out an e… read more
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I have a company setup with myself and two other owners. The company is barely trading with only 15k revenue and no profit in the last year. The other 2 owners have 15% equity each that I gave them in… read more
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Can you please confirm that under Australian Company Law
Can you please confirm that under Australian Company Law that as long as there are sufficient reserves at the time the dividend is paid it does not matter what years profits the dividend is deemed to … read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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