Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)
Schedule 3 Venture capital
Income Tax Assessment Act 1997
5 Subsection 995-1(1) (definition of partnership )
Repeal the definition, substitute:
partnership means:
(a) an association of persons (other than a company or a *limited partnership) carrying on business as partners or in receipt of *ordinary income or *statutory income jointly; or
(b) a limited partnership.
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