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.