Commonwealth Consolidated Acts Commonwealth Consolidated ActsInnovation Australia can make determinations having the effect of relaxing the requirements of paragraphs 118‑425(2)(b) and 118‑427(3)(c) of the Income Tax Assessment Act 1997 .
Note 1: Paragraph 118‑425(2)(b) of the Income Tax Assessment Act 1997 is about how closely a company is connected with Australia. Paragraph 118‑427(3)(c) of that Act is about how closely a unit trust is connected with Australia. These paragraphs are one of the requirements that a company or unit trust must meet in order for investments in the company or unit trust to be eligible venture capital investments.
Note 2: The capital gains tax exemption under Subdivision 118‑F of that Act only applies in relation to eligible venture capital investments.
Table of sections
Operative provisions
25‑5 Innovation Australia may determine a shorter period
25‑10 Innovation Australia may determine that a requirement does not apply
25‑15 Innovation Australia may determine that a requirement does not apply
[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]