Document ID: chunk:federal_register_of_legislation:C2016A00054:clause:2_25
Version: federal_register_of_legislation:C2016A00054
Segment Type: clause
Provision Reference: sch 2 cl 25
Character Range: 48696–49299

25  Subsection 118‑425(3) (note 3)
Repeal the note, substitute:
Note 3: A company that fails to meet at least 2 of the requirements can still be eligible if:
(a) Innovation Australia determines that the company's primary activity is not ineligible and the failure is temporary: see subsection (14); or
(b) all amounts invested in the company are appropriately invested within the first 6 months: see subsection (14A).
 Innovation Australia may also determine that the activities of a controlled entity of the company are to be disregarded in applying this section to the company: see subsection (14B).