13‑10 When registration is in force13‑10 When registration is in force

13‑10 When registration is in force

(1) Registration of the partnership as a *VCLP, an *ESVCLP or an *AFOF comes into force on the day on which registration under section 13‑1 was granted. (2) However, if conditional registration of the partnership had been granted under section 13‑5 and was in force on the day on which registration under section 13‑1 was granted: (a) for the purposes of this Act and the Income Tax Assessment Act 1936, registration of the partnership as a *VCLP, an *ESVCLP or an *AFOF is taken to have come into force on: (i) if, since its establishment, the partnership has only carried on activities related to becoming registered as a VCLP, an ESVCLP or an AFOF—the day on which it was established; or (ii) otherwise—the day on which the conditional registration was granted; and the partnership is taken, for the purposes of this Act and that Act, to have been *unconditionally registered from the day; and (b) for the purposes of the Income Tax Assessment Act 1997: (i) registration of the partnership as a VCLP, an ESVCLP or an AFOF is taken to have come into force on the day on which the conditional registration was granted; and (ii) the partnership is taken to have been unconditionally registered from the day. (3) If a *VCLP, an *ESVCLP or an *AFOF is not registered under section 13‑1 within 24 months after the day on which the conditional registration of the partnership was granted under section 13‑5, the conditional registration lapses. (4) Registration is taken to be in force until revoked under Division 17.