Document ID: chunk:federal_register_of_legislation:C2024C00617:body:0:p11
Version: federal_register_of_legislation:C2024C00617
Segment Type: other
Provision Reference: 
Character Range: 28151–31032

and
 (e) any further information requested under section 11‑10 has been provided; and
 (f) a general partner has notified Industry Innovation and Science Australia that the ESVCLP has sufficient funds to begin its investment program;
unless Industry Innovation and Science Australia is satisfied that the partnership:
 (g) does not meet the *registration requirements of an ESVCLP; or
 (h) has had a previous registration revoked under Division 17.
 (2) *Industry Innovation and Science Australia must register a partnership as an *AFOF under this Part if:
 (a) a *general partner has applied for registration as an AFOF; and
 (b) the application meets the requirements under section 11‑1; and
 (c) any further information requested under section 11‑10 has been provided; and
 (d) a general partner has notified Industry Innovation and Science Australia that the AFOF has sufficient funds to begin its investment program;
unless Industry Innovation and Science Australia is satisfied that the partnership:
 (e) does not meet the *registration requirements of an AFOF; or
 (f) has had a previous registration revoked under Division 17.
 (3) If *Industry Innovation and Science Australia decides to register the partnership as a *VCLP, an *ESVCLP or an *AFOF under this Part, Industry Innovation and Science Australia must notify a *general partner of the partnership as soon as practicable after the decision is made.
 (4) If *Industry Innovation and Science Australia decides not to register the partnership as a *VCLP, an *ESVCLP or an *AFOF under this Part, Industry Innovation and Science Australia must:
 (a) notify a *general partner of the partnership as soon as practicable after the decision is made; and
 (b) provide reasons for the decision.
 (5) *Industry Innovation and Science Australia cannot register the partnership:
 (a) both as a *VCLP and as an *ESVCLP; or
 (b) both as a VCLP and as an *AFOF; or
 (c) both as an ESVCLP and as an AFOF; or
 (d) as a VCLP, as an ESVCLP and as an AFOF.

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