INCOME TAX ASSESSMENT ACT 1997 - SECT 118.430 Meaning of at risk

INCOME TAX ASSESSMENT ACT 1997 - SECT 118.430

    An * eligible venture capital investment is at risk if the entity that owns the investment had no * arrangement as to:

  (a)   the maintenance of the value of the investment; or

  (b)   the maintenance of any earnings or other return that might be made from owning the investment, including (if the investment relates to a unit trust) the maintenance of any conferrals of present entitlement to income or capital of the unit trust or to any distributions of income or capital of the unit trust.