Tax Laws Amendment (2007 Measures No. 2) Act 2007 (78 of 2007)

Schedule 8   Venture capital

Part 5   Conditional registration

Income Tax Assessment Act 1997

351   Subsection 995-1(1) (definition of unconditionally registered )

Omit all the words from and including “if”, substitute:

if:

(a) its registration under the Venture Capital Act 2002 is not based, or is no longer based, on its conditional registration under section 13-5 of that Act; or

(b) it is taken to be unconditionally registered under subsection 13-10(2) of that Act.