The Australian Taxation Office (ATO) has issued a release announcing that, as part of their response to COVID-19, the 15 May 2020 lodgment date for 2018-19 company tax returns has been automatically extended to 5 June 2020. In addition, the release provides clarification on what is required to avoid Division 7A consequences. Division 7A of the Income Tax Assessment Act 1936 is intended to preve…