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Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)
- Front Matter
- 1 Short title
- 2 Commencement
- 3 Schedules
- Schedule 1 Tax incentives for early stage investors
- Part 1 Main amendments
- Income Tax Assessment Act 1997
- 1 After Division 355
- Part 2 Other amendments
- Income Tax Assessment Act 1936
- 2 Subsection 177A(1)
- 3 After paragraph 177C(1)(bb)
- 4 After paragraph 177C(1)(f)
- 5 At the end of subsection 177C(2)
- 6 Subsection 177C(3)
- 7 After paragraph 177C(3)(ca)
- 8 After paragraph 177C(3)(g)
- 9 After paragraph 177CB(1)(d)
- 10 After paragraph 177F(1)(d)
- 11 After paragraph 177F(3)(d)
- Income Tax Assessment Act 1997
- 12 Section 13-1 (before table item headed "inter-corporate dividends")
- 13 Subsection 63-10(1) (before table item 35)
- 14 Section 112-97 (at the end of the table)
- Taxation Administration Act 1953
- 15 Section 45-340 in Schedule 1 (method statement, step 1, after paragraph (g))
- 16 Section 45-375 in Schedule 1 (method statement, step 1, after paragraph (f))
- 17 Section 396-55 in Schedule 1 (at the end of the table)
- 18 Paragraph 396-60(1)(a) in Schedule 1
- Part 3 Application of amendments
- 19 Application of amendments
- Schedule 2 Venture capital investment
- Part 1 Tax offset for ESVCLP investments
- Income Tax Assessment Act 1997
- 1 Section 13-1 (after table item headed "dividends")
- 2 At the end of Division 61
- 3 Subsection 63-10(1) (after table item 30)
- 4 Application of amendments
- 5 Contributions made to ESVCLPs in previous income years
- Part 2 ESVCLP fund size cap
- Venture Capital Act 2002
- 6 Subparagraph 9-3(1)(d)(ii)
- 7 Application of amendment
- Part 3 Removing the ESVCLP divestiture registration requirement
- Income Tax Assessment Act 1997
- 8 After subsection 51-54(1)
- 9 Subparagraph 118-407(1)(d)(iv)
- 10 Subsection 118-407(1) (note)
- 11 At the end of subsection 118-407(1)
- 12 Subsection 118-407(5)
- 13 After section 118-407
- 14 Subsection 995-1(1) (definition of divestiture registration requirement)
- Venture Capital Act 2002
- 15 Paragraph 9-3(1)(i)
- 16 Subsections 9-3(3) and (6)
- 17 Section 17-3
- 18 Paragraph 17-5(1)(ab)
- 19 Section 17-15
- 20 Application of amendments
- Part 4 CGT exemption for fixed and unit trust beneficiaries of partners in ESVCLPs
- Income Tax Assessment Act 1997
- 21 After paragraph 104-71(3)(a)
- 22 At the end of subsection 104-71(3)
- 23 Application of amendments
- Part 5 Requirements for entities in which VCLPs, ESVCLPs and AFOFs invest
- Income Tax Assessment Act 1997
- 24 Paragraphs 118-425(3)(a) to (c)
- 25 Subsection 118-425(3) (note 3)
- 26 Subsection 118-425(4)
- 27 Subsection 118-425(11)
- 28 After subsection 118-425(14)
- 29 Subsection 118-425(16)
- 30 Paragraphs 118-427(4)(a) to (c)
- 31 At the end of subsection 118-427(4)
- 32 Subsection 118-427(5)
- 33 After subsection 118-427(15)
- 34 Subsection 118-435(1)
- Venture Capital Act 2002
- 35 Paragraph 15-1(ga)
- 36 Paragraph 15-1(gb)
- 37 Paragraphs 15-10(c) and (d)
- 38 Paragraph 15-10(e)
- 39 Paragraphs 21-20(1)(g) to (i)
- 40 Paragraph 21-20(1)(j)
- 41 Section 25-15 (heading)
- 42 Subsections 25-15(1) and (1A)
- 43 After paragraph 29-1(i)
- 44 Application of amendments
- 45 Pending applications under section 25-15 of the Venture Capital Act 2002
- Part 6 Foreign venture capital funds of funds
- Income Tax Assessment Act 1997
- 46 After paragraph 118-420(1)(b)
- 47 After subsection 118-420(5)
- 48 Before paragraph 842-230(1)(a)
- 49 Subsection 842-230(2)
- 50 Paragraph 842-235(6)(a)
- 51 Subsection 995-1(1)
- Venture Capital Act 2002
- 52 At the end of subsection 9-3(5)
- 53 Application of amendments
- Part 7 Rulings that activities are not ineligible activities
- Income Tax Assessment Act 1997
- 54 At the end of subsections 118-425(13) and 118-427(14)
- 55 Subsection 995-1(1) (definition of private ruling)
- 56 Subsection 995-1(1) (definition of public ruling)
- Taxation Administration Act 1953
- 57 Section 357-1 in Schedule 1
- 58 At the end of section 357-1 in Schedule 1
- 59 At the end of section 357-5 in Schedule 1
- 60 At the end of section 357-50 in Schedule 1
- 61 At the end of Part 5-5 in Schedule 1
- Venture Capital Act 2002
- 62 At the end of section 29-1
- 63 Application of amendments
- Part 8 Auditing requirements
- Income Tax Assessment Act 1997
- 64 Subsection 118-425(5)
- 65 After subsection 118-425(10)
- 66 Subsection 118-427(6)
- 67 Subsection 118-427(11)
- 68 At the end of section 118-428
- 69 After subsection 118-440(2)
- 70 At the end of Subdivision 118-F
- 71 Subsection 995-1(1)
- 72 Application of amendments
- Part 9 Managed investment trusts
- Income Tax Assessment Act 1997
- 73 After subsection 275-10(4)
- 74 After subsection 275-100(1)
- Taxation Administration Act 1953
- 75 After subsection 12-400(2) in Schedule 1
- 76 Application of amendments
- Part 10 Conditional registration
- Venture Capital Act 2002
- 77 Paragraph 13-5(1)(b)
- 78 Paragraph 13-5(1)(c)
- 79 Paragraph 13-5(1A)(b)
- 80 Paragraph 13-5(1A)(c)
- 81 Paragraph 13-5(2)(b)
- 82 Paragraph 13-5(2)(c)
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