Document ID: chunk:federal_register_of_legislation:C2024C00617:body:0:p21
Version: federal_register_of_legislation:C2024C00617
Segment Type: other
Provision Reference: 
Character Range: 54604–57461

applicant's current residency status;
 (b) details of the facts that qualify the applicant as a *tax‑exempt foreign resident;
 (c) the address of the applicant's registered office;
 (d) the name and address of the first *company or unit trust in which the applicant has invested or proposes to invest and the industry in which the company or unit trust operates;
 (e) the amount of the investment and the date on which it was or is to be made;
 (f) details of any other investments that the applicant holds in the company or unit trust that are not *eligible venture capital investments.
 (4) *Industry Innovation and Science Australia must register the applicant under this Part if Industry Innovation and Science Australia is satisfied that the information has been provided.
 (5) If *Industry Innovation and Science Australia registers an applicant under this Part, Industry Innovation and Science Australia must notify the applicant within 60 days after the application was made.
 (6) If *Industry Innovation and Science Australia does not register an applicant under this Part, Industry Innovation and Science Australia must:
 (a) notify the applicant within 60 days after the application was made; and
 (b) provide reasons for the decision.

21‑10  Period within which application must be decided
 (1) Subject to this section, *Industry Innovation and Science Australia must decide an application for registration under this Part within 60 days after receiving it.
 (2) If *Industry Innovation and Science Australia thinks that it will take longer to decide the application, Industry Innovation and Science Australia may extend, by up to 60 days, the period for deciding it.
 (3) An extension must be made by written notice given to the applicant within 60 days after *Industry Innovation and Science Australia receives the application.
 (4) If *Industry Innovation and Science Australia extends the period, Industry Innovation and Science Australia must decide the application within the extended period.

21‑15  When registration is in force
 (1) Registration of an *entity as an *eligible venture capital investor is taken to have come into force on the day on which the first investment referred to in subsection 21‑5(2) was made.
 (2) Registration is taken to be in force until revoked under section 21‑25.

21‑20  Annual return by eligible entity
 (1) An *entity registered under this Part must, within 3 months after the end of each *financial year, give *Industry Innovation and Science Australia a written return that includes the following information:
 (a) the entity's residency status at the end of the financial year (including details of changes to that status during the year);
 (b) the address of the entity's registered office (including details of changes to that address during the year);
 (c) details of the facts that qualify the