The PDF Board can make determinations having the effect of relaxing the requirements of paragraph 18-425(2)(b) of the Income Tax Assessment Act 1997 .

Note: Paragraph 18-425(2)(b) of the Income Tax Assessment Act 1997 is about how closely a company is connected with Australia. It is one of the requirements that a company must meet in order for investments in the company to be eligible venture capital investments. 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 PDF Board may determine a shorter period
25-10 PDF Board may determine that a requirement does not apply

[This is the end of the Guide]