Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)

Schedule 2   Venture capital investment

Part 5   Requirements for entities in which VCLPs, ESVCLPs and AFOFs invest

Venture Capital Act 2002

39   Paragraphs 21-20(1)(g) to (i)

Repeal the paragraphs, substitute:

(g) for each investment in a company that the entity held throughout that year - a statement as to whether the company met the requirements of subsections 118-425(3), (4), (4A) and (5) of the Income Tax Assessment Act 1997 at all times during that year;

(h) for each investment in a company that the entity made during that year - a statement as to whether the company met the requirements of subsections 118-425(3), (4), (4A) and (5) of the Income Tax Assessment Act 1997 at all times during that year after the investment was made;

(i) for each investment in a company that the entity disposed of during that year - a statement as to whether the company met the requirements of subsections 118-425(3), (4), (4A) and (5) of the Income Tax Assessment Act 1997 at all times during that year up to the day of disposal;