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

Schedule 1   Tax incentives for early stage investors

Part 2   Other amendments

Income Tax Assessment Act 1936

4   After paragraph 177C(1)(f)

Insert:

(faa) in a case where paragraph (bbaa) applies - the amount of the whole of the innovation tax offset or of the part of the innovation tax offset, as the case may be, referred to in that paragraph; and