Commonwealth Consolidated Acts

VENTURE CAPITAL ACT 2002 - SECT 13.5

             (1)  * Innovation Australia may conditionally register the partnership as a * VCLP if:

                     (a)  a * general partner has applied for registration as a VCLP; 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 Innovation 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.

          (1A)  * Innovation Australia 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 Innovation 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.

             (2)  * Innovation Australia may conditionally register the partnership as an * AFOF if:

                     (a)  a * general partner has applied for registration as an AFOF; 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 Innovation 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.

             (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.