Commonwealth Consolidated Acts Commonwealth Consolidated ActsAny 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.