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
Taxation Administration Act 1953
59 At the end of section 357-5 in Schedule 1
Add:
(3) A further object of this Part is to provide a way for you to find out *Innovation Australia's view about whether activities are not ineligible activities for the purposes of applying capital gains tax provisions to venture capital investments.
Note: For rulings by Innovation Australia: see Division 362.
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