Queensland Consolidated Acts Queensland Consolidated Acts(1) An application for registration as an incorporated limited partnership may be made, in the circumstances described in subsection (2), by a partnership or by persons proposing to be the partners in the proposed incorporated limited partnership.
(2) The circumstances are--
(a) that--
(i) the partnership is a VCLP, ESVCLP or AFOF; or
(ii) a general partner in the partnership or a proposed general partner in the proposed incorporated limited partnership intends to apply for registration of the partnership or proposed partnership under the Venture Capital Act 2002 (Cwlth), part 2 as a VCLP, ESVCLP or AFOF; or
(b) that--
(i) the partnership is a VCMP; or
(ii) the partners in the partnership or the proposed partners in the proposed incorporated limited partnership intend that the partnership or proposed partnership will meet the requirements set out in the Income Tax Assessment Act 1936 (Cwlth), section 94D for recognition as a VCMP.