Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

VENTURE CAPITAL ACT 2002 No. 137, 2002 - SECT 3.1

What this Act is about
This Act provides for some administrative measures that are needed for the operation of:

(a)
the capital gains tax exemption relating to venture capital under Subdivision 118-F of the Income Tax Assessment Act 1997 (and the related provisions about similar income gains and losses); and
(b)
the "flow-through" treatment, under Division 5 of Part III of the Income Tax Assessment Act 1936 , of the income of limited partnerships that are used as vehicles for making venture capital investments.
Note: The PDF Board is responsible for the operation of these measures. The Pooled Development Funds Act 1992 provides for the establishment and operation of the PDF Board.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback