INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART IIIAA
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FRANKING OF DIVIDENDS
Division 12A
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Venture capital franking
Subdivision C
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Venture capital credits and debits
SECTION 160ASEE
160ASEE
VENTURE CAPITAL CREDIT
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CARRY FORWARD OF VENTURE CAPITAL SUB-ACCOUNT SURPLUS
If a PDF has a venture capital sub-account surplus at the end of a franking year, there arises at the beginning of the next franking year a venture capital credit of the PDF equal to that venture capital sub-account surplus.
View history note
Hide history note[ CCH Note: Note that s 160ASEA is the first section of Div 13, and appears out of alphabetical order.]
If a PDF has a venture capital sub-account surplus at the end of a franking year, there arises at the beginning of the next franking year a venture capital credit of the PDF equal to that venture capital sub-account surplus.
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