Income Tax Assessment Act 1997



Division 118 - Exemptions  

Subdivision 118-G - Venture capital: investment by superannuation funds for foreign residents  

SECTION 118-500   What this Subdivision is about  

A 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:

  • (a) the entity is registered under the Pooled Development Funds Act 1992 ; and
  • (b) the entity owned the equity for at least 12 months.


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