Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You cannot deduct under this Act your share of a loss made from the disposal or other realisation of an * eligible venture capital investment if:
(a) it is made by a * VCLP, or an * ESVCLP, that is * unconditionally registered; and
(b) were that disposal or other realisation to be a * disposal of a * CGT asset, your share of any * capital gain or * capital loss would be disregarded under section 118 - 405 or 118 - 407.
Partners in AFOFs
(2) You cannot deduct under this Act your share of a loss made from the disposal or other realisation of an * eligible venture capital investment 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, your share of any * capital gain or * capital loss would be disregarded under section 118 - 410.
Eligible venture capital investors
(3) You cannot deduct under this Act a loss made from the disposal or other realisation of an * eligible venture capital investment 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.