Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p16
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 16/26)
Character Range: 1271773–1274428

and
 (b) from the disposal or other realisation of an *eligible venture capital investment;
is exempt from income tax to the extent that, were that disposal or other realisation to be a *disposal of a *CGT asset, the equivalent *capital gain arising from the *CGT event would be disregarded because of a partial exemption from the CGT event under section 118‑408.

Partners in AFOFs
 (2) An entity's share of any gain or profit made from the disposal or other realisation of an *eligible venture capital investment is exempt from income tax if:
 (a) it is made by:
 (i) an *AFOF that is *unconditionally registered; or
 (ii) a *VCLP, or an *ESVCLP, that is unconditionally registered and in which an AFOF that is *unconditionally registered is a partner; and
 (b) were that disposal or other realisation to be a *disposal of a *CGT asset, the entity's share of any *capital gain or *capital loss would be disregarded under section 118‑410.

Eligible venture capital investors
 (3) Any gain or profit made from the disposal or other realisation of an *eligible venture capital investment is exempt from income tax if:
 (a) you are an *eligible venture capital investor; and
 (b) were that disposal or other realisation to be a *disposal of a *CGT asset, any *capital gain or *capital loss would be disregarded under section 118‑415.

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.

51‑57  Interest on judgment debt relating to personal injury
 (1) An amount paid by way of interest on a judgment debt, whether payable under an *Australian law, or otherwise, is exempt from income tax if:
 (a) the judgment debt arose from a judgment (the original judgment) given by, or entered in, a court for an award of damages for personal injury; and
 (b) the amount is in respect of the whole or any part of the period:
 (i) beginning at the time of the original judgment, or, if the judgment debt is taken to have arisen at an earlier time, at that earlier time; and
 (ii) ending when the original judgment is finalised.
 (2) For the purposes of subsection (1), an original judgment is finalised at whichever of the following times is applicable:
 (a) if the period for lodging an appeal against either the original judgment