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

Schedule 8   Venture capital

Part 1   Venture capital limited partnerships

Venture Capital Act 2002

69   At the end of section 15-10

Insert:

(e) for each investment in a unit trust made during the quarter - a statement from a general partner as to whether the unit trust met the requirements of subsections 118-427(4), (5) and (6) of the Income Tax Assessment Act 1997 at all times during the quarter after the investment was made; and

(f) for each disposal of an investment in a unit trust during the quarter - a statement from a general partner as to whether the unit trust met those requirements at all times during the quarter up to the day of disposal.