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Venture Capital Act 2002
In force
Administered by
Department of Industry, Science and Resources
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C2024C00617 (C10)
14 October 2024
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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 15 Determinations by Industry Innovation and Science Australia concerning certain investments (Part 4)
3 20 Review of decisions (Part 5)
3 25 Miscellaneous (Part 6)
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Part 2—Registration of limited partnerships
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Division 7—A guide to this Part
7 1 What this Part is about
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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
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Division 11—Application for registration
11 1 Application for registration
11 5 Determination of further information to be included in application
11 10 Further information may be requested
11 15 Period within which application must be decided
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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
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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 information may be requested
15 17 Annual reports for ESVCLPs
15 20 Other information may be requested
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Division 17—Revocation of registration
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
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Part 3—Registration of eligible venture capital investors
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Division 21—Registration of eligible venture capital investors
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Guide to Division 21
21 1 What this Division is about
Operative provisions
21 5 Registration as eligible venture capital investors
21 10 Period within which application must be decided
21 15 When registration is in force
21 20 Annual return by eligible entity
21 25 Revocation at discretion of Industry Innovation and Science Australia
21 30 Revocation on application
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Part 4—Determinations by Industry Innovation and Science Australia concerning certain investments
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Division 25—Determinations by Industry Innovation and Science Australia concerning certain investments
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Guide to Division 25
25 1 What this Division is about
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Operative provisions
25 5 Industry Innovation and Science Australia may determine a shorter period
25 10 Industry Innovation and Science Australia may determine that a requirement does not apply
25 15 Industry Innovation and Science Australia may determine matters relating to requirements for eligible venture capital investments
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Part 5—Review of decisions
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Division 29—Review of decisions
29 1 Decisions reviewed
29 5 Notification of right to seek internal review
29 10 Internal review of decisions
29 15 Review of decisions by Administrative Review Tribunal
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Part 6—Miscellaneous
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Division 33—Miscellaneous
33 5 Meaning of form approved by Industry Innovation and Science Australia
33 10 Regulations
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Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history