Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-6
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THE IMPUTATION SYSTEM
Division 214
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Administering the imputation system
Subdivision 214-A
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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.
View history note
Hide history noteSECTION 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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