Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)
Schedule 2 Venture capital investment
Part 5 Requirements for entities in which VCLPs, ESVCLPs and AFOFs invest
Income Tax Assessment Act 1997
31 At the end of subsection 118-427(4)
Add:
Note 4: Innovation Australia may also determine that the activities of a controlled entity of the unit trust are to be disregarded in applying this section to the unit trust: see subsection (15A).
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