Who may apply for registration
55 Who may apply for registration
Either of the following may apply for the registration of an incorporated limited partnership:
the partnership proposed to be registered;
the proposed partners in the proposed incorporated limited partnership.
The application may only be made in any of the following circumstances:
the partnership referred to in subsection (1)(a) is a VCLP, AFOF or VCMP;
a general partner in the partnership referred to in subsection (1)(a) intends to apply for the registration of the partnership under the Venture Capital Act 2002 (Cth) as a VCLP or AFOF;
a proposed general partner in the proposed partnership referred to in subsection (1)(b) intends to apply for the registration of the partnership under the Venture Capital Act 2002 (Cth) as a
VCLP or AFOF;
the partners in the partnership referred to in subsection (1)(a) intend to meet the requirements in section 94D(3) of the Income
Tax Assessment Act 1936 (Cth) for the partnership's recognition as a VCMP;
the proposed partners in the proposed partnership referred to in subsection (1)(b) intend to meet the requirements in section 94D(3) of the Income Tax Assessment Act 1936 (Cth) for the partnership's recognition as a VCMP;
any other circumstance prescribed by the Regulations.
This Act’s bill:Second reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.