INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 214 - Administering the imputation system  

Subdivision 214-A - Franking returns  

Operative provisions

SECTION 214-35   214-35   Venture capital sub-account balance  


A *PDF's venture capital sub-account balance at a particular time is:


(a) if the PDF has a *venture capital surplus or a *venture capital deficit at that time - the amount of the surplus or deficit; or


(b) if the entity does not have a venture capital surplus or a venture capital deficit at that time - nil.


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