Income Tax Assessment Act 1997
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Hide history noteSECTION 210-130 Venture capital surplus and deficit 210-130(1)
A *PDF's *venture capital sub-account is in surplus at a particular time if, at that time, the sum of the *venture capital credits in the account exceeds the sum of the *venture capital debits in the account. The amount of the venture capital surplus is the amount of the excess.
210-130(2)
A *PDF's *venture capital sub-account is in deficit at a particular time if, at that time, the sum of the *venture capital debits in the account exceeds the sum of the *venture capital credits in the account. The amount of the venture capital deficit is the amount of the excess.
210-130(3)
A *PDF's *venture capital sub-account may be in *deficit even though its *franking account as a whole is in *surplus. Similarly, a PDF's venture capital sub-account may be in surplus even though its franking account as a whole is in deficit.
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