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Posted by on 2 December 2010 | 0 Comments
Tags: Shareholders, dividends
Paying dividends is a normal part of company life; generate the profits, pay the tax, and then look at what dividends are available for the shareholders. Changes in the Corporations Act earlier this year mean that directors need to consider a new set of rules before they declare or pay a dividend. Section 254T of the Corporations Act provides the rules governing dividends. In the past, directors needed to ensure that dividends were paid out of profits. This has now changed.
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Suite 2.10 Level 2 Platinium Building
4Ilya Ave
Erina NSW 2250
PO Box 3343
Erina NSW 2250
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Email: mail@saige.com.au
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