Document ID: chunk:federal_register_of_legislation:C2010C00612:clause:3_3
Version: federal_register_of_legislation:C2010C00612
Segment Type: clause
Provision Reference: sch 3 cl 3
Character Range: 79239–79766

3  At the end of Division 51
Add:

51‑55  Gain or profit from disposal of venture capital equity

  Any gain or profit made from the disposal or other realisation of *venture capital equity in a *resident investment vehicle is exempt from income tax if:
 (a) it is made by a *venture capital entity or a *limited partnership referred to in subsection 118‑515(2); and
 (b) if that disposal or other realisation were a *disposal of a *CGT asset, any *capital gain or *capital loss would be disregarded under Subdivision 118‑G.