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Partnership Act 1997
55Who may apply for registration
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55 Who may apply for registration
(1) Either of the following may apply for the registration of an
incorporated limited partnership:
(a) the partnership proposed to be registered;
(b) the proposed partners in the proposed incorporated limited
partnership.
(2) The application may only be made in any of the following
circumstances:
(a) the partnership referred to in subsection (1)(a) is a VCLP,
AFOF or VCMP;
(b) 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;
(c) 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;
Part 3 Incorporated limited partnerships
Division 2 Formation of incorporated limited partnerships
Partnership Act 1997 25
(d) 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;
(e) 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;
(f) any other circumstance prescribed by the Regulations.