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

Schedule 8   Venture capital

Part 1   Venture capital limited partnerships

Income Tax Assessment Act 1997

20   Paragraph 118-420(3)(b)

Repeal the paragraph, substitute:

(b) the entity is not a *general partner of a *VCLP or an *ESVCLP; and