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
Venture Capital Act 2002
44 Application of amendments
(1) The amendments of the Income Tax Assessment Act 1997 made by this Part apply in relation to the 2016-17 income year and later income years.
(2) The amendments of sections 15-1 and 21-20 of the Venture Capital Act 2002 made by this Part apply in relation to the first financial year to start on or after the commencement of this item, and in relation to later financial years.
(3) The amendments of section 15-10 of the Venture Capital Act 2002 made by this Part apply in relation to the first quarter to start on or after the commencement of this item, and in relation to later quarters.
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