Contents

1............ Short title............................................................................................ 1

2............ Commencement.................................................................................. 2

3............ Schedule(s).......................................................................................... 2

4............ Amendment of assessments............................................................... 3

Schedule 1--Effective life provisions                                                                          4

Income Tax Assessment Act 1997                                                                              4

Schedule 2--Taxation of boating activities                                                              6

Part 1--Main amendments                                                                                 Â           6

Income Tax Assessment Act 1997                                                                              6

Part 2--Consequential amendments                                                                        10

A New Tax System (Goods and Services Tax) Act 1999                                     10

Income Tax Assessment Act 1997                                                                            10

Part 3--Application                                                                                   Â                     12

Schedule 3--Research and development                                                                13

Income Tax Assessment Act 1936                                                                            13

Income Tax Assessment Act 1997                                                                            16

Taxation Administration Act 1953                                                                         16

Schedule 4--Donation of listed shares to deductible gift recipients        17

Income Tax Assessment Act 1997                                                                            17

Schedule 5--Specifically listed deductible gift recipients                              21

Income Tax Assessment Act 1997                                                                            21

Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006               22

Schedule 6--Deductions for contributions relating to fund‑raising events                23

Income Tax Assessment Act 1997                                                                            23

Schedule 7--Technical corrections                                                                             25

Income Tax Assessment Act 1936                                                                            25

Income Tax Assessment Act 1997                                                                            25

Schedule 8--Venture capital                                                                                          28

Part 1--Venture capital limited partnerships                                                        28

Income Tax Assessment Act 1997                                                                            28

Venture Capital Act 2002                                                                                        41

Part 2--Early stage venture capital limited partnerships                                  49

Income Tax Assessment Act 1936                                                                            49

Income Tax Assessment Act 1997                                                                            50

Pooled Development Funds Act 1992                                                                   62

Venture Capital Act 2002                                                                                        63

Part 3--The Venture Capital Registration Board                                               75

Income Tax Assessment Act 1997                                                                            75

Pooled Development Funds Act 1992                                                                   76

Venture Capital Act 2002                                                                                        76

Part 4--Pooled development funds                                                                         89

Pooled Development Funds Act 1992                                                                   89

Part 5--Conditional registration                                                                                90

Income Tax Assessment Act 1997                                                                            90

Venture Capital Act 2002                                                                                        90

 

 

 

Tax Laws Amendment (2007 Measures No. 2) Act 2007

No. 78, 2007

 

An Act to amend the law relating to taxation, and for related purposes

[Assented to 21 June 2007]

The Parliament of Australia enacts:

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