Venture Capital Act 2002
11‑15 Period within which application mu11‑15 Period within which application must be decided
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11‑15 Period within which application must be decided
(1) Subject to this section, *Industry Innovation and Science Australia must decide an application for registration or conditional registration under this Part within 60 days after receiving it. (2) If *Industry Innovation and Science Australia thinks that it will take longer to decide the application, Industry Innovation and Science Australia may extend, by up to 60 days, the period for deciding it. (3) An extension must be made by written notice given to a *general partner within 60 days after *Industry Innovation and Science Australia receives the application. (4) If *Industry Innovation and Science Australia extends the period, Industry Innovation and Science Australia must decide the application within the extended period.