Commonwealth Consolidated Acts

VENTURE CAPITAL ACT 2002 - SECT 25.1

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

Operative provisions