Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 210 - Venture capital franking  

Guide to Division 210  

SECTION 210-10   What is a venture capital credit?  

210-10(1)    
There is a venture capital franking sub-account in the franking account of each PDF.

210-10(2)    
Venture capital credits arise in the sub-account if the PDF pays income tax that is reasonably attributable to capital gains from venture capital investments.