Document ID: chunk:federal_register_of_legislation:C2007A00078:clause:8_353
Version: federal_register_of_legislation:C2007A00078
Segment Type: clause
Provision Reference: sch 8 cl 353
Character Range: 114736–115979

353  Subsection 13‑10(2)
Repeal the subsection, substitute:

 (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.

[Minister's second reading speech made in—
House of Representatives on 29 March 2007
Senate on 9 May 2007]
(55/07)