Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 12   Innovation Australia

Part 1   Main amendments

Pooled Development Funds Act 1992

60   Subsection 71(5) (paragraphs (a), (b) and (c) of the definition of person to whom this section applies )

Repeal the paragraphs, substitute:

(a) a member of the Board; or

(b) a member of a committee; or

(c) a member of the staff assisting the Board or a committee (see section 25 of the Industry Research and Development Act 1986); or

(d) a consultant assisting the Board or a committee (see section 25 of the Industry Research and Development Act 1986); or

(e) a member of the former Venture Capital Registration Board that was established by this Act (as in force before the commencement of Schedule 12 to the Tax Laws Amendment (2007 Measures No. 5) Act 2007); or

(f) a member of the staff assisting the former Venture Capital Registration Board that was established by this Act (as in force before the commencement of Schedule 12 to the Tax Laws Amendment (2007 Measures No. 5) Act 2007); or

(g) a consultant to the former Venture Capital Registration Board that was established by this Act (as in force before the commencement of Schedule 12 to the Tax Laws Amendment (2007 Measures No. 5) Act 2007), who was engaged under this Act before that commencement.