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

45   Pending applications under section 25-15 of the Venture Capital Act 2002

(1) Section 25-15 of the Venture Capital Act 2002 as amended by this Part applies after the commencement of this item to applications made under subsection 25-15(1) of that Act that were pending immediately before that commencement as if they had been made under paragraph 25-15(1)(a) of that Act as so amended.

(2) Section 25-15 of the Venture Capital Act 2002 as amended by this Part applies after the commencement of this item to applications made under subsection 25-15(1A) of that Act that were pending immediately before that commencement as if they had been made under paragraph 25-15(1)(d) of that Act as so amended.