Document ID: chunk:federal_register_of_legislation:C2025C00029:section:5:p13
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 5 (pt 13/13)
Character Range: 3682519–3683342

The balance in the venture capital sub‑account on 1 July 2002 will be either nil or, if the entity has a venture capital surplus or deficit immediately before 1 July 2002 under the imputation scheme existing at that time, an amount calculated under the Income Tax (Transitional Provisions) Act 1997.

210‑105  Venture capital credits
  The table sets out when a credit arises in the *venture capital sub‑account of a *PDF. A credit in a PDF's venture capital sub‑account is called a venture capital credit.

Credits in the venture capital sub‑account
Item                                        If:                                                                                                                                    A credit of:                                                                       Arises on: