Tax Laws Amendment (2004 Measures No. 3) Act 2004 (105 of 2004)

Schedule 1   Venture capital

Part 1   Tax amendments

Income Tax Assessment Act 1997

12   At the end of subsection 118-440(1)

Add:

Note: The time the entity makes the investment is, for a share acquired by converting a convertible note or a convertible preference share, the time when the entity last acquired the convertible note or convertible preference share: see subsection 118-425(15).