As a result, this is the payment made that day and it will completely remove the loan. The six repayments of $US 133,532 and one of $US 59,302 amounted to $US 860,494. This loan is remunerated and repayments must be made in accordance with the terms of the Division 7A loan agreement. Under pressure from prominent accounting, legal and tax officials, the ATO recently announced that borrowers could defer the minimum annual repayment for 12 months in 2019 under a compliant loan agreement. A loan is granted to a company at the time the loan amount is paid to the company through a regular loan, or any of the above points is made in respect of the shareholder or his related partner. The alternative approach of our example concerns the $700,000 loan granted in 2011-2012 by doing the following: the maximum duration of each other loan is seven years. On January 1, 2014, ABC Pty Ltd provided a cash advance of $10,000 to Peter, a shareholder of ABC Pty Ltd. . . .