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

Schedule 2   Venture capital investment

Part 3   Removing the ESVCLP divestiture registration requirement

Income Tax Assessment Act 1997

11   At the end of subsection 118-407(1)

Add:

Note 2: This section does not apply if you get a partial exemption in relation to a CGT event under section 118-408.