Division 7A of the Income Tax Assessment Act 1936 is scheduled to undergo major reforms. The last announcement by government scheduled those reforms to begin from 1 July following royal assent to the necessary amending legislation. At the time of submitting this article, it appeared that the reforms are unlikely to begin, for most taxpayers, until financial years beginning on or after 1 July 2022. This article highlights issues with the current Div 7A rules, and discusses the proposed reforms and their impact.