[merek]

Do you have a link?

If the individual resides in Australia, how do they utilize the $980k sitting in the foreign company?

The company can buy assets in AU, such as a house, and lease it to the individual, but I'm pretty sure the ATO requires they pay the company rent at market rate, which will likely be unaffordable on a reported income of 20K pa.

[mrjin]

I remembered I read the article from Australian Financial Review, although I could not find the original link, got a more detailed one instead.

See Page #3. https://australiainstitute.org.au/wp-content/uploads/2020/12...