Tax Laws Amendment (2004 Measures No. 3) Act 2004 (105 of 2004)
Schedule 1 Venture capital
Part 1 Tax amendments
Income Tax Assessment Act 1997
12 At the end of subsection 118-440(1)
Add:
Note: The time the entity makes the investment is, for a share acquired by converting a convertible note or a convertible preference share, the time when the entity last acquired the convertible note or convertible preference share: see subsection 118-425(15).
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