Document ID: chunk:federal_register_of_legislation:C2024C00617:body:0:p17
Version: federal_register_of_legislation:C2024C00617
Segment Type: other
Provision Reference: 
Character Range: 43766–46808

the investments or disposals notified under section 15‑10.

15‑17  Annual reports for ESVCLPs
 (1) A *general partner of a partnership registered under this Part as an *ESVCLP must, within 3 months after the end of each *financial year give *Industry Innovation and Science Australia a written report on the implementation of the partnership's *approved investment plan during the financial year that:
 (a) includes descriptions of any investments the partnership made during the year and any disposals of investments during the year; and
 (b) meets the requirements of any guidelines issued under subsection (2).
 (2) *Industry Innovation and Science Australia may, by legislative instrument, issue guidelines relating to reports under this section (including the publication of those reports).
 (3) *Industry Innovation and Science Australia must publish reports it receives under subsection (1).
 (4) *Industry Innovation and Science Australia may comply with its obligation under subsection (3) by including copies of those reports in its annual report under section 46 of the Industry Research and Development Act 1986.

15‑20  Other information may be requested
  *Industry Innovation and Science Australia may ask a *general partner of the partnership to provide Industry Innovation and Science Australia with information that Industry Innovation and Science Australia considers necessary for the purposes of administering this Act.

Division 17—Revocation of registration

Table of sections
17‑1 Revoking registration for not meeting investment registration requirements etc.
17‑5 Revoking registration for not meeting other registration requirements
17‑10 Revocation at discretion of Industry Innovation and Science Australia
17‑15 Notice of revocation
17‑20 Date of effect of revocation
17‑25 Revocation on application by partnership

17‑1  Revoking registration for not meeting investment registration requirements etc.
 (1) If *Industry Innovation and Science Australia has reason to believe that:
 (a) a partnership registered as a *VCLP does not meet the *investment registration requirements of a VCLP; or
 (ab) a partnership registered as an *ESVCLP does not meet the *investment registration requirements of an ESVCLP; or
 (b) a partnership registered as an *AFOF does not meet the *investment registration requirements of an AFOF;
it must notify a *general partner of the partnership, in writing, that it will revoke the registration if it is satisfied that, at the end of the period determined under subsection (2), the partnership does not meet the investment registration requirements of a VCLP, an ESVCLP or an AFOF, as the case may be.
 (2) *Industry Innovation and Science Australia must, for the purposes of subsection (1), determine a period that:
 (a) it is satisfied is a reasonable period; and
 (b) does not exceed 6 months.
 (3) The notice must:
 (a) state the matters that in *Industry Innovation and Science Australia's opinion, may constitute grounds for revocation; and
 (b) state the period, determined by