Income Tax Assessment Act 1997



Division 360 - Early stage investors in innovation companies  

Subdivision 360-A - Tax incentives for early stage investors in innovation companies  

Operative provisions

SECTION 360-20   Limited entitlement for certain kinds of investors  

You do not satisfy paragraph 360-15(1)(b) if:

(a) for each offer resulting in *equity interests that are *shares in the company being issued to you during the income year, none of subsections 708(8) , (10) or (11) of the Corporations Act 2001 removed the need for a disclosure document; and

(b) a total of more than $50,000 was paid for the issue to you of the shares resulting from all of those offers.

For the purposes of this section, assume that Chapter 6D of the Corporations Act 2001 applies to those offers.


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