VENTURE CAPITAL ACT 2002
PART 2
-
REGISTRATION OF LIMITED PARTNERSHIPS
*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:
(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 .
*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:
(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 .
*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:
(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 .
Conditional registration under this section does not mean that the partnership is registered under this Part as a *VCLP, an *ESVCLP or an *AFOF.
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.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.