Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)
Schedule 2 Venture capital investment
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)
Add:
Note: Under Division 362 in Schedule 1 to the Taxation Administration Act 1953, Innovation Australia can make rulings that activities, or classes of activities, are not ineligible activities.
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