Federal Register of Legislation
Tax Laws Amendment (Tax Incentives for Innovation) Act 2016
No. 54, 2016
An Act to amend the law relating to taxation, and for related purposes
Contents 1 Short title 2 Commencement 3 Schedules Schedule 1—Tax incentives for early stage investors Part 1—Main amendments Income Tax Assessment Act 1997 Part 2—Other amendments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Taxation Administration Act 1953 Part 3—Application of amendments Schedule 2—Venture capital investment Part 1—Tax offset for ESVCLP investments Income Tax Assessment Act 1997 Part 2—ESVCLP fund size cap Venture Capital Act 2002 Part 3—Removing the ESVCLP divestiture registration requirement Income Tax Assessment Act 1997 Venture Capital Act 2002 Part 4—CGT exemption for fixed and unit trust beneficiaries of partners in ESVCLPs Income Tax Assessment Act 1997 Part 5—Requirements for entities in which VCLPs, ESVCLPs and AFOFs invest Income Tax Assessment Act 1997 Venture Capital Act 2002 Part 6—Foreign venture capital funds of funds Income Tax Assessment Act 1997 Venture Capital Act 2002 Part 7—Rulings that activities are not ineligible activities Income Tax Assessment Act 1997 Taxation Administration Act 1953 Venture Capital Act 2002 Part 8—Auditing requirements Income Tax Assessment Act 1997 Part 9—Managed investment trusts Income Tax Assessment Act 1997 Taxation Administration Act 1953 Part 10—Conditional registration Venture Capital Act 2002
Tax Laws Amendment (Tax Incentives for Innovation) Act 2016 No. 54, 2016
An Act to amend the law relating to taxation, and for related purposes
[Assented to 5 May 2016]
The Parliament of Australia enacts:
1 Short title This Act may be cited as the Tax Laws Amendment (Tax Incentives for Innovation) Act 2016.
2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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