Shares in MMR are tax exempt from any gain or lose and divedend payments are also tax exempt.
Go here and give this to your accountant.
When I mentioned how it works to my accountant she said what idoit told you that and then I pulled out the fact sheet , she done a few checks and said well you are correct.
http://www.ausindustry.gov.au/VentureCapital/PooledDevelopmentFundPDF/Documents/Fact%20Sheets/PDF%20Dec08.pdf
How ever options are not exempt.
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tax implications, page-7
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