Venture Capital Act 2002

PART 2 - REGISTRATION OF LIMITED PARTNERSHIPS  

Division 13 - Registration  

SECTION 13-5   CONDITIONAL REGISTRATION  

13-5(1)    


*Industry 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 Industry 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)    


*Industry 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 Industry 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)    


*Industry 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 Industry 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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