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Venture Capital Act 2002

No. 137, 2002

Compilation No. 10

Compilation date: 14 October 2024

                Includes amendments: Act No. 39, 2024

About this compilation

This compilation

This is a compilation of the Venture Capital Act 2002 that shows the text of the law as amended and in force on 14 October 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
Division 1—Preliminary
1‑1.................................Short title
1‑5.............................Commencement
1‑10..............................Interpretation
1‑15.......................Identifying defined terms
Division 3—A guide to this Act
3‑1..........................What this Act is about
3‑5.............Registration of limited partnerships (Part 2)
3‑10.....Registration of eligible venture capital investors (Part 3)
3‑15Determinations by Industry Innovation and Science Australia concerning certain investments (Part 4)
3‑20.....................Review of decisions (Part 5)
3‑25.........................Miscellaneous (Part 6)
Part 2—Registration of limited partnerships
Division 7—A guide to this Part
7‑1.........................What this Part is about
Division 9—Registration requirements
9‑1.................Registration requirements of VCLPs
9‑3...............Registration requirements of ESVCLPs
9‑4.Allowing a partner's committed capital to exceed the 30% limit
9‑5.................Registration requirements of AFOFs
9‑10......................Meaning of permitted loan
Division 11—Application for registration
11‑1......................Application for registration
11‑5Determination of further information to be included in application
11‑10...............Further information may be requested
11‑15........Period within which application must be decided
Division 13—Registration
13‑1...............................Registration
13‑5........................Conditional registration
13‑10....................When registration is in force
13‑15.............An ESVCLP's approved investment plan
13‑20.......Deciding whether investment plans are appropriate
Division 15—Obligations while registered
15‑1..............................Annual return
15‑5.Determination of further information to be included in returns
15‑10...........................Quarterly returns
15‑15...............Further