Summary
Amends the: Corporations Act 2001 and National Consumer Credit Protection Act 2009 to allow regulations to provide for exemptions from the Australian Financial Services Licence and Australian Credit Licence requirements for the purposes of testing financial and credit products and services under certain conditions; Income Tax Assessment Act 1997 to amend the venture capital and early stage investor provisions to ensure that they operate as intended in relation to capital gains tax transactions, managed investment trusts and the early stage investor tax offset; and Income Tax Assessment Act 1936 to amend the definition of public trading trusts.