Victorian Consolidated Legislation

Partnership Act 1958 - SECT 87

Who may apply for registration?

87. Who may apply for registration?



(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 the partnership is registered under Part 2 of the
        Venture Capital Act 2002 of the Commonwealth as, or 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 that Part as-

   (i)  a VCLP within the meaning of that Act; or

   (ii) an AFOF within the meaning of that Act; or

   (iii) an ESVCLP within the meaning of that Act; or

   (b)  that the partnership is a venture capital management partnership
        within the meaning of section 94D(3) of the
        Income Tax Assessment Act 1936 of the Commonwealth or 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 that section for
        recognition as a venture capital management partnership; or

   (c)  such other circumstances as are prescribed.