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

35   Paragraph 15-1(ga)

Repeal the paragraph, substitute:

(ga) for an investment in a company that the partnership held throughout the financial year - a statement from a general partner 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;