Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Division 118
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Exemptions
Subdivision 118-F
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Venture capital investment
Operative provisions
SECTION 118-430
118-430
Meaning of
at risk
An *eligible venture capital investment is at risk if the entity that owns the investment had no *arrangement as to:
(a) the maintenance of the value of the investment; or
(b) the maintenance of any earnings or other return that might be made from owning the investment, including (if the investment relates to a unit trust) the maintenance of any conferrals of present entitlement to income or capital of the unit trust or to any distributions of income or capital of the unit trust.
View history note
Hide history noteAn *eligible venture capital investment is at risk if the entity that owns the investment had no *arrangement as to:
(a) the maintenance of the value of the investment; or
(b) the maintenance of any earnings or other return that might be made from owning the investment, including (if the investment relates to a unit trust) the maintenance of any conferrals of present entitlement to income or capital of the unit trust or to any distributions of income or capital of the unit trust.
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