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

Schedule 1   Venture capital

Part 2   Venture Capital Act amendments

Venture Capital Act 2002

15   At the end of section 15-10

Add:

; and (c) for each investment in a company made during the quarter - a statement from a general partner as to whether the company met the requirements of subsections 118-425(3), (4) and (5), and paragraph 118-425(11)(d), of the Income Tax Assessment Act 1997 at all times during the quarter after the investment was made; and

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