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

Schedule 3   Capital gains tax treatment of carried interests

Income Tax Assessment Act 1997

16   Subsection 995-1(1)

Insert:

carried interest :

(a) of a *general partner in a *VCLP or an *AFOF - has the meaning given by subsections 104-255(4) and (6); and

(b) of a *limited partner in a *VCMP - has the meaning given by subsections 104-255(5) and (6).