Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis Subdivision:
• creates a venture capital sub - account for each PDF; and
• identifies when venture capital credits and debits arise in the sub - account and the amount of those credits and debits; and
• identifies when there is a venture capital surplus or deficit in the sub - account; and
• creates a liability to pay venture capital deficit tax if the account is in deficit at certain times.
Table of sections
210 - 90 The venture capital sub - account
210 - 95 Venture capital deficit tax
Operative provisions
210 - 100 Venture capital sub - account
210 - 105 Venture capital credits
210 - 110 Determining the extent to which a franking credit is reasonably attributable to a particular payment of tax
210 - 115 Participating PDF may elect to have venture capital credits arise on its assessment day
210 - 120 Venture capital debits
210 - 125 Venture capital debit where CGT limit is exceeded
210 - 130 Venture capital surplus and deficit
210 - 135 Venture capital deficit tax
210 - 140 Effect of a liability to pay venture capital deficit tax on franking deficit tax
210 - 145 Effect of a liability to pay venture capital deficit tax on the franking account
210 - 150 Deferring venture capital deficit