Venture Capital Act 2002
13‑5 Conditional registration13‑5 Conditional registration
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13‑5 Conditional registration
(1) *Industry Innovation and Science Australia may conditionally register the partnership as a *VCLP if: (a) a *general partner has applied for registration as a VCLP; and (b) one or more of the following applies: (i) the application for registration does not meet the requirements under section 11‑1; (ii) any further information requested under section 11‑10 has not been provided; (iii) the partnership does not meet the *registration requirements of a VCLP; unless Industry Innovation and Science Australia is satisfied that the partnership: (c) would not, if it was conditionally registered, meet the registration requirements of a VCLP within the period specified under subsection 13‑10(3); or (d) has had a previous registration revoked under Division 17. (1A) *Industry Innovation and Science Australia may conditionally register the partnership as an *ESVCLP if: (a) a *general partner has applied for registration as an ESVCLP; and (b) one or more of the following applies: (i) the application for registration does not meet the requirements under section 11‑1; (ii) any further information requested under section 11‑10 has not been provided; (iii) the partnership does not meet the *registration requirements of an ESVCLP; unless Industry Innovation and Science Australia is satisfied that the partnership: (c) would not, if it was conditionally registered, meet the registration requirements of an ESVCLP within the period specified under subsection 13‑10(3); or (d) has had a previous registration revoked under Division 17. (2) *Industry Innovation and Science Australia may conditionally register the partnership as an *AFOF if: (a) a *general partner has applied for registration as an AFOF; and (b) one or more of the following applies: (i) the application for registration does not meet the requirements under section 11‑1; (ii) any further information requested under section 11‑10 has not been provided; (iii) the partnership does not meet the *registration requirements of an AFOF; unless Industry Innovation and Science Australia is satisfied that the partnership: (c) would not, if it was conditionally registered, meet the registration requirements of an AFOF within the period specified under subsection 13‑10(3); or (d) has had a previous registration revoked under Division 17. (3) Conditional registration under this section does not mean that the partnership is registered under this Part as a *VCLP, an *ESVCLP or an *AFOF.