Tax Laws Amendment (2004 Measures No. 3) Act 2004 (105 of 2004)

Schedule 1   Venture capital

Part 1   Tax amendments

Income Tax Assessment Act 1997

5   At the end of section 118-420

Add:

(8) For the purposes of this section, the place of residence of a *general partner of a *limited partnership:

(a) that is a company or a limited partnership; and

(b) that is a foreign resident;

is the place in which the general partner has its central management and control.

(9) For the purposes of this section, the place of residence of an entity referred to in paragraph (5)(a) is the place in which the entity has its central management and control.