NEW BUSINESS TAX SYSTEM (VENTURE CAPITAL DEFICIT TAX) ACT 2000 (REPEALED)
In this Act:
applicable general company tax rate
means the rate specified under paragraph (baa) of the definition of
applicable general company tax rate
in section 160APA of the
Income Tax Assessment Act 1936
in relation to a company's liability to pay class C franking deficit tax.
deficit
for a venture capital sub-account has the same meaning as in Part IIIAA of the
Income Tax Assessment Act 1936
.
franking year
has the same meaning as in Part IIIAA of the
Income Tax Assessment Act 1936
.
PDF
has the same meaning as in the
Income Tax Assessment Act 1936
.
venture capital credits
has the same meaning as in Part IIIAA of the
Income Tax Assessment Act 1936
.
venture capital sub-account
has the same meaning as in Part IIIAA of the
Income Tax Assessment Act 1936
.
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