lochie replied to the topic Redraw boo-boo … in the forum Legal & Accounting 20 years, 2 months ago
I am a new reader of this site.
Thought some of you may be interested in this recent AAT case which confirms what the majority have already said (and the ATO):
http://www.austlii.edu.au/au/cases/cth/aat/2004/815.html
Case name is Domjam and Commisioner of Taxation
Regards