VENTURE CAPITAL ACT 2002

PART 2 - REGISTRATION OF LIMITED PARTNERSHIPS  

Division 13 - Registration  

SECTION 13-5   CONDITIONAL REGISTRATION  

13-5(1)  


*Innovation and Science Australia may conditionally register the partnership as a *VCLP if:


(a) a *general partner has applied for registration as a VCLP; and


(b) one or more of the following applies:


(i) the application for registration does not meet the requirements under section 11-1 ;

(ii) any further information requested under section 11-10 has not been provided;

(iii) the partnership does not meet the *registration requirements of a VCLP;

unless Innovation and Science Australia is satisfied that the partnership:


(c) would not, if it was conditionally registered, meet the registration requirements of a VCLP within the period specified under subsection 13-10(3) ; or


(d) has had a previous registration revoked under Division 17 .

13-5(1A)  


*Innovation and Science Australia may conditionally register the partnership as an *ESVCLP if:


(a) a *general partner has applied for registration as an ESVCLP; and


(b) one or more of the following applies:


(i) the application for registration does not meet the requirements under section 11-1 ;

(ii) any further information requested under section 11-10 has not been provided;

(iii) the partnership does not meet the *registration requirements of an ESVCLP;

unless Innovation and Science Australia is satisfied that the partnership:


(c) would not, if it was conditionally registered, meet the registration requirements of an ESVCLP within the period specified under subsection 13-10(3) ; or


(d) has had a previous registration revoked under Division 17 .

13-5(2)  


*Innovation and Science Australia may conditionally register the partnership as an *AFOF if:


(a) a *general partner has applied for registration as an AFOF; and


(b) one or more of the following applies:


(i) the application for registration does not meet the requirements under section 11-1 ;

(ii) any further information requested under section 11-10 has not been provided;

(iii) the partnership does not meet the *registration requirements of an AFOF;

unless Innovation and Science Australia is satisfied that the partnership:


(c) would not, if it was conditionally registered, meet the registration requirements of an AFOF within the period specified under subsection 13-10(3) ; or


(d) has had a previous registration revoked under Division 17 .

13-5(3)  
Conditional registration under this section does not mean that the partnership is registered under this Part as a *VCLP, an *ESVCLP or an *AFOF.




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