Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)
Schedule 1 Tax incentives for early stage investors
Part 2 Other amendments
Income Tax Assessment Act 1936
2 Subsection 177A(1)
Insert:
innovation tax offset means a tax offset allowed under:
(a) Subdivision 61-P (about early stage venture capital limited partnerships) of the Income Tax Assessment Act 1997; or
(b) Subdivision 360-A (about early stage investors in innovation companies) of that Act.
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