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-G
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Venture capital: investment by superannuation funds for foreign residents
SECTION 118-500
What this Subdivision is about
(a) the entity is registered under the
Pooled Development Funds Act 1992
; and
(b) the entity owned the equity for at least 12 months.
View history note
Hide history noteA foreign resident tax exempt pension fund that invests in venture capital equity in an Australian company or fixed trust (a resident investment vehicle) can disregard a capital gain or capital loss it makes from a CGT event that happens to that equity if:
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