Which of the following is
A) The benchmark interest rate that will be applied to Division 7A loans will be changed to the Reserve Bank of Australia's Small Business Variable Overdraft rate, which is currently 7.74 per cent (compared to the current rate of 5.37%)
B) There will be no requirement for a formal written loan agreement,
C) There will be one '10-year loan model' for all loans made by private companies.
D) All existing loans, entered into before these new measures take effect, will be extinguished
Correct Answer:
Verified
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