-
Pooled Development Funds Act 1992
- PART 1 - PRELIMINARY
- SECTION 1 SHORT TITLE
- SECTION 2 COMMENCEMENT
- SECTION 3 OBJECT OF THE ACT
- SECTION 4 INTERPRETATION
- SECTION 4A DEFINITION OF WIDELY-HELD COMPLYING SUPERANNUATION FUND
- SECTION 4B APPLICATION OF THE CRIMINAL CODE
- (Repealed) PART 2 - ESTABLISHMENT, FUNCTIONS AND POWERS OF THE VENTURE CAPITAL REGISTRATION BOARD
- ### (Repealed) SECTION 5 ESTABLISHMENT
- ### (Repealed) SECTION 6 FUNCTIONS
- ### (Repealed) SECTION 7 POWERS
- ### (Repealed) SECTION 8 DIRECTIONS BY MINISTER
- ### (Repealed) SECTION 9 MINISTER MAY REQUIRE PROVISION OF ADVICE
- PART 3 - BECOMING A PDF
- SECTION 10 HOW A COMPANY BECOMES A PDF
- SECTION 11 APPLICATION FOR REGISTRATION DECLARATION
- SECTION 12 FURTHER INFORMATION MAY BE REQUESTED
- SECTION 13 PERIOD WITHIN WHICH REGISTRATION APPLICATION TO BE DECIDED
- SECTION 14 DECIDING A REGISTRATION APPLICATION
- SECTION 15 APPLICANT TO BE NOTIFIED OF DECISION
- SECTION 16 BOARD TO PUBLISH NOTICE OF REGISTRATION DECLARATION IN THE GAZETTE
- SECTION 17 A PDF'S APPROVED INVESTMENT PLAN
- SECTION 18 CONDITIONS OF REGISTRATION DECLARATION
- PART 4 - REGULATION OF PDFs
- Division 1 - Making investments
- SECTION 19 INVESTMENTS TO BE IN ACCORDANCE WITH THIS DIVISION
- SECTION 20 FIRST KIND OF ALLOWED INVESTMENT: ACQUIRING SHARES
- SECTION 20A SECOND KIND OF ALLOWED INVESTMENT: ACQUIRING NON-TRANSFERABLE OPTIONS
- SECTION 20B THIRD KIND OF ALLOWED INVESTMENT: LENDING MONEY TO EXISTING INVESTEE COMPANIES
- SECTION 21 INTENDED USE BY INVESTEE COMPANY OF MONEY INVESTED BY PDF
- SECTION 22 INVESTEE COMPANY MUST NOT BE A PDF
- SECTION 23 PRIMARY ACTIVITY OF INVESTEE COMPANY MUST NOT BE AN EXCLUDED ACTIVITY
- SECTION 24 LIMIT ON SIZE OF INVESTEE COMPANY
- SECTION 25 PDF NOT TO COMMIT MORE THAN 30% OF ITS COMMITTED CAPITAL TO INVESTEE COMPANY
- ### (Repealed) SECTION 26 PDF NOT TO COMMIT MORE THAN 5% OF ITS COMMITTED CAPITAL TO START-UP COMPANIES
- SECTION 27 AMOUNT INVESTED IN INVESTEE COMPANY TO BE AT LEAST 10% OF ITS PAID-UP CAPITAL
- SECTION 27A PDF TO NOTIFY BOARD OF INITIAL INVESTMENTS
- SECTION 28 PROVISIONS RELATING TO APPROVALS BY BOARD
- SECTION 28A INDIRECT INVESTMENTS
- Division 2 - Other provisions regulating the capital structure and activities of PDFs
- SECTION 29 PDF TO CARRY ON A BUSINESS OF MAKING AND HOLDING PDF INVESTMENTS
- SECTION 30 RESTRICTIONS ON RAISING MONEY ETC.
- SECTION 31 LIMIT ON SHAREHOLDING IN A PDF
- SECTION 32 TIMETABLE FOR INVESTING FUNDS RAISED BY PDF
- SECTION 32A PDFs MAY MERGE
- Division 3 - Board's powers to give directions
- SECTION 33 PDF TO COMPLY WITH DIRECTIONS IN RELATION TO ITS APPROVED INVESTMENT PLAN
- SECTION 34 PDF TO COMPLY WITH DIRECTIONS IF INVESTEE COMPANY'S PRIMARY ACTIVITY IS AN EXCLUDED ACTIVITY
- SECTION 35 PDF TO COMPLY WITH OTHER DIRECTIONS
- SECTION 36 SHAREHOLDERS TO COMPLY WITH DIRECTIONS ABOUT SHAREHOLDINGS IN PDFs
- SECTION 37 BOARD TO ADVISE OF REASONS FOR GIVING DIRECTIONS
- Division 4 - Consequences of contravention of this Part
- SECTION 38 ACTS IN CONTRAVENTION OF PART NOT INVALID
- PART 5 - MONITORING COMPLIANCE
- SECTION 39 BOARD TO MONITOR COMPLIANCE
- SECTION 40 BOARD TO CONSIDER COMPLIANCE ON RECEIPT OF ANNUAL RETURN
- SECTION 41 ANNUAL RETURN BY PDF
- SECTION 42 PDF TO NOTIFY BOARD OF EVENTS AFFECTING INFORMATION PREVIOUSLY GIVEN
- SECTION 43 BOARD MAY REQUIRE CERTAIN PERSONS TO PROVIDE INFORMATION OR PRODUCE DOCUMENTS
- SECTION 44 BOARD MAY REQUEST PERSONS TO PROVIDE INFORMATION OR PRODUCE DOCUMENTS
- PART 6 - REVOCATION OF REGISTRATION DECLARATIONS
- SECTION 45 AUTOMATIC REVOCATION IF PDF IS NOT AN ELIGIBLE CORPORATION
- SECTION 46 REVOCATION ON APPLICATION BY PDF
- SECTION 47 REVOCATION AT DISCRETION OF BOARD
- SECTION 48 BOARD TO PUBLISH NOTICE OF REVOCATIONS IN THE GAZETTE
- SECTION 49 COMPANY TO NOTIFY ITS SHAREHOLDERS IF IT CEASES TO BE A PDF
- PART 7 - OFFENCES RELATING TO PDFs
- ### (Repealed) SECTION 50 CRIMINAL CONSEQUENCES OF CONTRAVENING CERTAIN PROVISIONS
- SECTION 51 OFFENCES - FAILURE TO COMPLY WITH DIRECTIONS OR REQUIREMENTS
- ### (Repealed) SECTION 52 FALSE OR MISLEADING STATEMENTS AND DOCUMENTS
- PART 7A - INVESTMENTS BY VENTURE CAPITAL ENTITIES
- SECTION 52A REGISTRATION OF VENTURE CAPITAL ENTITIES
- SECTION 52B PERIOD WITHIN WHICH APPLICATION MUST BE DECIDED
- SECTION 52C ANNUAL RETURN BY VENTURE CAPITAL ENTITIES
- SECTION 52D REVOCATION AT DISCRETION OF BOARD
- PART 8 - REVIEW OF DECISIONS
- SECTION 53 NOTIFICATION OF CERTAIN DECISIONS
- SECTION 54 NOTIFICATION OF RIGHT TO SEEK INTERNAL REVIEW
- SECTION 55 INTERNAL REVIEW OF DECISIONS
- SECTION 56 REVIEW OF DECISIONS BY ADMINISTRATIVE REVIEW TRIBUNAL
- PART 9 - ADMINISTRATIVE PROVISIONS RELATING TO THE BOARD (REPEALED) [ CCH N
- PART 10 - MISCELLANEOUS
- SECTION 70 BOARD TO PROVIDE INFORMATION ABOUT PDFs ON REQUEST
- SECTION 71 SECRECY
- ### (Repealed) SECTION 72 DELEGATION BY BOARD TO A MEMBER
- ### (Repealed) SECTION 73 DELEGATION BY BOARD TO A COMMITTEE OF MEMBERS
- ### (Repealed) SECTION 74 ACTS DONE BY BOARD
- ### (Repealed) SECTION 75 ANNUAL REPORT
- SECTION 76 REGULATIONS
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.