Contact us now for a free consultation

Contact Us

Fintechs and early stage investor incentive : Draft Legislation release

Treasury has released an exposure draft legislation (https://treasury.gov.au/consultation/c2017-t229280) to amend provisions on the early stage investor tax concession and the venture capital regimes as they relate to fintech businesses.

In particular, the provisions amend ITAA 1997 to:

  • ensure that start-up fintech businesses can access the early stage investor tax concession, the venture capital limited partnership (VCLP) and early stage venture capital limited partnership (ESVCLP) regimes, and
  • make minor changes to ensure that the provisions operate as intended.

The closing date for comments is 10 November 2017.

CCH iKnow (http://iknow.cch.com.au)



Contact us now for a free consultation

Contact Us
RCB Advisors
RCB Business Services Pty Ltd

PO Box 439, Camberwell 3124
VICTORIA, Australia

+61 3 9882 0533
vasb@eponqivfbef.pbz.nh

ABN 20 611 163 485. Limited liability by a scheme approved under Professional Standards Legislation. "WHERE VALUE BEGINS” is used under licence from its owner W Value B Pty Ltd, A C N 167 696 997