Venture Capital Tax Concessions Review
The tax provisions contained in Subdivision 118-F of the Income Tax Assessment Act 1997 (Cth) (VC Tax
Concessions), in concert with the operation of the Venture Capital Act 2002 (Cth), play a pivotal role in providing
domestic and foreign capital and supporting the growth of Australia’s innovation ecosystem and to date, has
contributed $16.99 billion in committed capital and assisted 1703 businesses.
According to data modelling undertaken by EY and commissioned by the Council for the purposes of the Review,
this framework supports fast growth businesses through domestic and foreign investment and is estimated to
have added at least $1.4 billion to Australia’s GDP in 2021 and to have created 2,514 full-time equivalent (FTE)
jobs. In fact, ten FTE jobs are created for every investment made through the Venture Capital Limited Partnership
(VCLP) and Early Stage Venture Capital Limited Partnership (ESVCLP) programs.
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