Partnership Act 1963

An application for registration as an incorporated limited partnership may be made, in the circumstances mentioned in subsection (2), by—

a partnership (including an external partnership); or

any people or partnerships (including external partnerships), or both, proposing to be the partners in the proposed incorporated limited partnership.

The circumstances are—

that the partnership is registered under the Venture Capital Act 2002 (Cwlth), part 2 (Registration of limited partnerships) as a VCLP, ESVCLP or AFOF; or

Note VCLP is a venture capital limited partnership, an ESVCLP is an early stage venture capital limited partnership, and an AFOF is an Australian venture capital fund of funds.

that a general partner in the partnership, or a proposed general partner in the proposed incorporated limited partnership, intends to apply for registration of the incorporated limited partnership, or proposed partnership, under the Venture Capital Act 2002 (Cwlth), part 2 as a VCLP, ESVCLP or AFOF; or

that the partnership is a venture capital management partnership under the Income Tax Assessment Act 1936 (Cwlth), section 94D (3) (Corporate limited partnerships); or

that the partners in the partnership, or the proposed partners in the proposed incorporated limited partnership, intend that the partnership, or proposed partnership, intends to meet the requirements set out in Income Tax Assessment Act 1936 (Cwlth), section 94D (3) for recognition as a venture capital management partnership; or

any other circumstances prescribed under the regulations.