Taxation Laws Amendment (Venture Capital) Act 2002 (136 of 2002)

Schedule 3   Capital gains tax treatment of carried interests

Fringe Benefits Tax Assessment Act 1986

1   Subsection 136(1) (after paragraph (m) of the definition of fringe benefit )

Insert:

(ma) a payment, within the meaning of subsection 104-255(7) of the Income Tax Assessment Act 1997, of a carried interest of a kind referred to in subsection 104-255(1) of that Act; or

(mb) a grant or acquisition of such a carried interest, or of an entitlement to such a payment; or