Federal Register of Legislation
Pooled Development Funds Amendment Act 2000
No. 64, 2000
An Act to amend the Pooled Development Funds Act 1992, and for related purposes
Contents 1 Short title 2 Commencement 3 Schedule(s)
Schedule 1—Pooled Development Funds Act 1992
Pooled Development Funds Amendment Act 2000
No. 64, 2000
An Act to amend the Pooled Development Funds Act 1992, and for related purposes
[Assented to 22 June 2000]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Pooled Development Funds Amendment Act 2000.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Pooled Development Funds Act 1992
1 Section 3 Repeal the section, substitute:
3 Object of the Act
(1) The object of this Act is to develop, and demonstrate the potential of, the market for providing patient equity capital (including venture capital) to small or medium‑sized Australian enterprises that carry on eligible businesses.
(2) To achieve this object, the Act establishes a scheme under which companies that provide that kind of capital can become pooled development funds (PDFs), which entitles them to more competitive tax treatment.
2 Subsection 4(1) (at the end of paragraph (a) of the definition of shareholders' funds) Add "(but not including any amounts remaining unpaid on the shares)".
3 Subsection 4(1) Insert:
widely‑held complying superannuation fund has the meaning given by section 4A.
4 After section 4 Insert:
4A Definition of widely‑held complying superannuation fund
(1) For the purposes of this Act, a fund is a widely‑held complying superannuation fund if: (a) it is not an excluded superannuation fund (within the meaning of the Superannuation Industry (Supervision) Act 1993); and (b) it satisfies the test in either subsection (2) or (3).
We try to embed the page this law was scraped from. If the site blocks framing, you still get the link and a local excerpt.
Last checked with source on —
Checking whether the official page can be embedded…
Plain-English simplify of this law: a short summary, key points, and both sides of the argument. Generated on first view via Replicate, then cached. Vote on what helps your study.
No study brief is cached for this law yet. Sign up to generate a plain-English brief.
Sign up to generate