Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 (54 of 2016)

Schedule 2   Venture capital investment

Part 6   Foreign venture capital funds of funds

Income Tax Assessment Act 1997

49   Subsection 842-230(2)

Omit "Without limiting subsection (1) of this section, an entity is an IMR widely held entity ", substitute "An entity is a widely held entity ".

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