House of Representatives

Venture Capital Bill 2002

Venture Capital Act 2002

Taxation Laws Amendment (Venture Capital) Bill 2002

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
AAT Administrative Appeals Tribunal
AFOF Australian venture capital fund of funds
ATO Australian Taxation Office
CGT capital gains tax
Commissioner Commissioner of Taxation
DITR Department of Industry, Tourism, and Resources
GDP gross domestic product
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
OECD Organisation for Economic Co-Operation & Development
PDF Act 1992 Pooled Development Funds Act 1992
PDF Board PDF Registration Board established under the Pooled Development Funds Act 1992
TLA(VC) Bill Taxation Laws Amendment (Venture Capital) Bill 2002
VCLP venture capital limited partnership
VCMP venture capital management partnership
VC Bill Venture Capital Bill 2002

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