Income Tax Assessment Act 1997
View history note
Hide history noteThe venture capital credit on a distribution is only significant in the hands of a relevant venture capital investor (basically a superannuation fund or other entity that deals with superannuation).
210-160(2)
That investor receives a tax offset. In most cases, this will be equal to the venture capital credit.
210-160(3)
Under section 124ZM of the Income Tax Assessment Act 1936 , that part of the distribution that is franked with a venture capital credit is also treated as exempt income in the hands of the entity.
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