VENTURE CAPITAL ACT 2002

Table of Provisions

• Long Title

PART 1--PRELIMINARY

Division 1--Preliminary

• 1.1 Short title  
• 1.5 Commencement  
• 1.10 Interpretation  
• 1.15 Identifying defined terms  

Division 3--A guide to this Act

• 3.1 What this Act is about  
• 3.5 Registration of limited partnerships (Part 2)  
• 3.10 Registration of eligible venture capital investors (Part 3)  
• 3.15 Determinations by Industry Innovation and Science Australia concerning certain investments (Part 4)  
• 3.20 Review of decisions (Part 5)  
• 3.25 Miscellaneous (Part 6)  

PART 2--REGISTRATION--OF LIMITED PARTNERSHIPS

Division 7--A guide to this Part

• 7.1 What this Part i s about  

Division 9--Registration requirements

• 9.1 Registration requirements of VCLPs  
• 9.3 Registration requirements of ESVCLPs  
• 9.4 Allowing a partner's committed capital to exceed the 30% limit  
• 9.5 Registration requirements of AFOFs  
• 9.10 Meaning of permitted loan  

Division 11--Application for registration

• 11.1 Application for registration  
• 11.5 Determination of further information to be included in application  
• 11.10 Further information may be requested  
• 11.15 Period within which application must be decided  

Division 13--Registration

• 13.1 Registration  
• 13.5 Conditional registration  
• 13.10 When registration is in force  
• 13.15 An ESVCLP's approved investment plan  
• 13.20 Deciding whether investment plans are appropriate  

Division 15--Obligations while registered

• 15.1 Annual return  
• 15.5 Determination of further information to be included in returns  
• 15.10 Quarterly returns  
• 15.15 Further information may be requested  
• 15.17 Annual reports for ESVCLPs  
• 15.20 Other information may be requested  

Division 17--Revocation of registration

• 17.1 Revoking registration for not meeting investment registration requirements etc.  
• 17.5 Revoking registration for not meeting other registration requirements  
• 17.10 Revocation at discretion of Industry Innovation and Science Australia  
• 17.15 Notice of revocation  
• 17.20 Date of effect of revocation  
• 17.25 Revocation on application by partnership  

PART 3--REGISTRATION--OF ELIGIBLE VENTURE CAPITAL INVESTORS

Division 21--Registration of eligible venture capital investors

• 21.1 What this Division is about  
--
• 21.5 Registration as eligible venture capital investors  
• 21.10 Period within which application must be decided  
• 21.15 When registration is in force  
• 21.20 Annual return by eligible entity  
• 21.25 Revocation at discretion of Industry Innovation and Science Australia  
• 21.30 Revocation on application  

PART 4--DETERMINATIONS--BYINDUSTRY INNOVATION AND SCIENCE AUSTRALIACONCERNING CERTAIN INVESTMENTS

Division 25--Determinations byIndustry Innovation and Science Australiaconcerning certain investments

• 25.1 What this Division is about  
--
• 25.5 Industry Innovation and Science Australia may determine a shorter period  
• 25.10 Industry Innovation and Science Australia may determine that a requirement does not apply  
• 25.15 Industry Innovation and Science Australia may determine matters relating to requirements for eligible venture capital investments  

PART 5--REVIEW--OF DECISIONS

Division 29--Review of decisions

• 29.1 Decisions reviewed  
• 29.5 Notification of right to seek internal review  
• 29.10 Internal review of decisions  
• 29.15 Review of decisions by Administrative Appeals Tribunal  

PART 6--MISCELLANEOUS

Division 33--Miscellaneous

• 33.5 Meaning of form approved by Industry Innovation and Science Australia  
• 33.10 Regulations