If you use money or assets from your company or trust for private purposes, it’s important to consider there may be tax consequences.
This applies for business money and assets such as:
salary, wages and director’s fees
fringe benefits and allowances
company dividends or trust distributions
loans of money or assets from a company or trust.
https://www.ato.gov.au/Newsroom/smallbusiness/Lodging-and-paying/Do-you-use-business-money-for-private-purposes-/?sbnews20221123
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