Tax Laws Amendment (2007 Measures No. 2) Act 2007 (78 of 2007)

Schedule 8   Venture capital

Part 2   Early stage venture capital limited partnerships

Venture Capital Act 2002

180   After subsection 13-5(1)

Insert:

(1A) The *Venture Capital Registration Board may conditionally register the partnership as an *ESVCLP if:

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

(b) either:

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

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

unless the Venture Capital Registration Board 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.