Hello. I am one of five owners of a private company and am wondering if the following is possible. In July each year, the company makes a LOAN to each owner (say, $100k each) Each owner deposits the money in their personal home mortgage offset accounts In June of the following year, each owner repays the loan. Repeat in the next financial year So on every balance date, loans to shareholders are NIL. Will this trigger the "Private company loan" provisions? There is a rule which says a repayment (such as the one in June, above) will not be counted if when the repayment is made it is the shareholder's intention to obtain a similar loan. However, my accountant says this rule only applies once the private company loan provisions are triggered. By repaying the loan in June, he argues you never hit this trigger. Would appreciate confirmation. Is it necessary to pay interest given the loan is fully repaid by the lodgement date? Thank you.