Early Stage Venture Capital Partnership

The operation of an Early Stage Venture Capital Limited Partnership 

How it works

A fund registered as an Early Stage Venture Capital Limited Partnership can only make eligible investments.

While it maintains its registration, any returns from those investments are tax free.

An Early Stage Venture Capital Limited Partnership is regulated by the Venture Capital Act 2002 and the Income Tax Assessment Act 1997 and:

  • must self-assess that its activities comply with the legislation
  • submit quarterly and annual activity reports to the Board

The Board, in conjunction with the Australian Tax Office, will:

  • monitor Early Stage Venture Capital Limited Partnerships to assess each fund’s compliance; and
  • may revoke registration where an Early Stage Venture Capital Limited Partnership is found to have contravened the legislation.

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SOURCE CREDIT

Australian Government Business

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