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Early Stage Venture Capital Limited Partnership - Application Form
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Early Stage Venture Capital Limited Partnership - Application Form
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Registration type

Early Stage Venture Capital Limited Partnership - Application Form
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Type of registration

Select which is relevant to your application
Section 13-5(1A) – conditional registration may be granted to a partnership that does not meet all the registration requirements, such as not having at least $10 million committed capital. If you wish to be considered for conditional registration the partnership will need to demonstrate how it will meet the registration requirements. For example a detailed capital raising strategy will be required. Conditional registration may only be considered where the delegate of Innovation and Science Australia is satisfied the partnership will meet the registration requirements of an ESVCLP within 24 months, after which conditional registration lapses. Section 13-1(1A) - ESVCLP registration is a partnership that meets the registration requirements under s9-3 of the VC Act.
Section 13-1(1A) - ESVCLP registration is a partnership that meets the registration requirements under s9-3 of the VC Act. Section 13-5(1A) – conditional registration may be granted to a partnership that does not meet all the registration requirements, such as not having at least $10 million committed capital.
Are you applying for ESVCLP registration?
Is the partnership conditionally registered?
This is the date the delegate of Innovation and Science Australia conditionally registered the ESVCLP.
If you wish to be considered for conditional registration the partnership will need to demonstrate how it will be able to meet the registration requirements within 24 months. For example a detailed capital raising strategy will be required. Conditional registration may be granted to a partnership where the legislative requirements have not yet been satisfied (including the $10 million committed capital requirement). Conditional registration may only be considered where the delegate of Innovation and Science Australia is satisfied the partnership will meet the registration requirements of an ESVCLP within 24 months, after which conditional registration lapses.
Are you applying for conditional registration?

Contact for this application

General partner

Early Stage Venture Capital Limited Partnership - Application Form
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General partner details

Is the general partner a venture capital management partnership?
General partner’s name
General partner's name example: XXX ,VCMP, LP (as per your ILP or LP certificate)
General partner's registration number
General partner's registration number example: ILP000005 (as per your ILP or LP certificate)
Do you have an ABN and/or an ACN
Note: Please ensure if the general partner has an ABN or ACN, either or both are entered. then click the lookup button.
Enter your ABN into the Australian Business Number (ABN) field and click the Lookup ABN button to retrieve your registration details from the Australian Business Register (ABR).
Enter your ACN into the Australian Company Number (ACN) field and click the Lookup ACN button to retrieve your registration details from the Australian Business Register (ABR).
If you have Business Names registered, you can select the relevant Business Name. If you have not registered your Business Name, select Other and enter the name into the Other Business Name field.
Is the general partner a resident of Australia?
Does the country have a double tax agreement with Australia?

General partner's registered office address

Is this an Australian or international address?
General partners registered office address in Australia
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Once you have complied with Google's policy you should hide this note.
General partners registered office address in Australia
This widget uses Google Places. In order to use it you need to comply with the Google Place API Policy.To summarise

Your Terms of Use and Privacy Policy must be publicly available.You must explicitly state in your applications Terms of Use that by using your application, users are bound by Google’s Terms of Service.You must notify users in your Privacy Policy that you are using the Google Maps API(s) and incorporate by reference the Google Privacy Policy.
Once you have complied with Google's policy you should hide this note.
Is the general partner's business address the same as the registered office?

General partner's business address

Is this an Australian or international address?
General partners registered office address in Australia
This widget uses Google Places. In order to use it you need to comply with the Google Place API Policy.To summarise

Your Terms of Use and Privacy Policy must be publicly available.You must explicitly state in your applications Terms of Use that by using your application, users are bound by Google’s Terms of Service.You must notify users in your Privacy Policy that you are using the Google Maps API(s) and incorporate by reference the Google Privacy Policy.
Once you have complied with Google's policy you should hide this note.
General partners registered office address in Australia
This widget uses Google Places. In order to use it you need to comply with the Google Place API Policy.To summarise

Your Terms of Use and Privacy Policy must be publicly available.You must explicitly state in your applications Terms of Use that by using your application, users are bound by Google’s Terms of Service.You must notify users in your Privacy Policy that you are using the Google Maps API(s) and incorporate by reference the Google Privacy Policy.
Once you have complied with Google's policy you should hide this note.

Contact name

Attach documentary evidence of the date the venture capital management partnership was established (ILP/LP certificate)
File:
Is the partnership registered as an ESVCLP?
Select one of the following entities
Do you have an ABN and/or an ACN
You need to create a property called 'ABR Authentication Guid' on the form version in TM and sets its value to the authentication guid you have been assigned to call the ABR. The SmartForms authentication GUID is TM-88JUH-76IK-BNHM-MK09-JOY8766, You can get your own from the ABR.To use this widget, hide the fields you are not interested in. If you dont want to use the ACN Lookup feature, hide the ACN block. There is a read only ACN field in the ABR block that shows up when the Lookup ACN feature is hidden.Once this is done you should hide this note.
Enter your ABN into the Australian Business Number (ABN) field and click the Lookup ABN button to retrieve your registration details from the Australian Business Register (ABR).
Enter your ACN into the Australian Company Number (ACN) field and click the Lookup ACN button to retrieve your registration details from the Australian Business Register (ABR).
If you have Business Names registered, you can select the relevant Business Name. If you have not registered your Business Name, select Other and enter the name into the Other Business Name field.
Is the general partner a resident of Australia?
Does the country have a double tax agreement with Australia?

General partner's registered office address

Is this an Australian or international address?
General partners registered office address in Australia
This widget uses Google Places. In order to use it you need to comply with the Google Place API Policy.To summarise

Your Terms of Use and Privacy Policy must be publicly available.You must explicitly state in your applications Terms of Use that by using your application, users are bound by Google’s Terms of Service.You must notify users in your Privacy Policy that you are using the Google Maps API(s) and incorporate by reference the Google Privacy Policy.
Once you have complied with Google's policy you should hide this note.
General partners registered office address in Australia
This widget uses Google Places. In order to use it you need to comply with the Google Place API Policy.To summarise

Your Terms of Use and Privacy Policy must be publicly available.You must explicitly state in your applications Terms of Use that by using your application, users are bound by Google’s Terms of Service.You must notify users in your Privacy Policy that you are using the Google Maps API(s) and incorporate by reference the Google Privacy Policy.
Once you have complied with Google's policy you should hide this note.
Is the general partner's business address the same as the registered office?

General partner's business address

Is this an Australian or international address?
General partners registered office address in Australia
This widget uses Google Places. In order to use it you need to comply with the Google Place API Policy.To summarise

Your Terms of Use and Privacy Policy must be publicly available.You must explicitly state in your applications Terms of Use that by using your application, users are bound by Google’s Terms of Service.You must notify users in your Privacy Policy that you are using the Google Maps API(s) and incorporate by reference the Google Privacy Policy.
Once you have complied with Google's policy you should hide this note.
General partners registered office address in Australia
This widget uses Google Places. In order to use it you need to comply with the Google Place API Policy.To summarise

Your Terms of Use and Privacy Policy must be publicly available.You must explicitly state in your applications Terms of Use that by using your application, users are bound by Google’s Terms of Service.You must notify users in your Privacy Policy that you are using the Google Maps API(s) and incorporate by reference the Google Privacy Policy.
Once you have complied with Google's policy you should hide this note.

Contact name

Attach documentary evidence of the date the partnership was established (ILP/LP certificate)
File:
Is the partnership registered as an ESVCLP?

Details of the ESVCLP

Early Stage Venture Capital Limited Partnership - Application Form
Save your form regularly and take note of the tracking code.
Fields marked with  * are required.

Details of the ESVCLP

Partnership name
e.g. ABC Ventures, ILP (as per your ILP or LP certificate)
Partnership registration number
e.g. ILP00005 (as per your ILP or LP certificate)
Does the partnership have a double tax agreement with Australia?
Attach documentary evidence of the date the partnership was established. *
For example your ILP/LP certificate
File:
Has the partnership had a previous registration revoked under the VC Act?
Has the Committee revoked any other partnerships registered under the VC Act?

Duration of the partnership

The following questions ask about details of your partnership agreement which must comply with the requirements of the Act.
Will the partnership remain in existence for at least 5 and not more than 15 years?
Specify the relevant clause/s of the partnership agreement that refers to the duration of the partnership.
Clause numbers in the partnership agreement. Ensuring the 5-15 year requirement is from the formation of the partnership.
Date the partnership was formed?
The date on your ILP/LP certificate
Date the partnership will be terminated?
The partnership is to remain in existence for not less than 5 years and not more than 15 years from the formation of the partnership. The formation date is the date on the ILP/LP certificate (date provided above)
The partnership cannot be in existence for more than 15 years from the formation of the partnership. The formation date is the date on the ILP/LP certificate (as you would have provided above)
Are there any additional clauses in the partnership agreement that can cancel or terminate the partnership?
Upload signed partnership deed * If the partnership is applying for conditional registration and the deed is not executed, please ensure a signed interim deed is provided with the partnership deed.
File:
The following questions ask about details of your partnership agreement which must comply with the requirements of the Act.
Clause/s XX of the partnership agreement. Ensuring the 5-15 year requirement is from the formation of the partnership.
Upload signed partnership deed * If the partnership is applying for conditional registration and the deed is not executed, please ensure a signed interim deed is provided with the partnership deed.
File:

Committed capital

The partnership has committed capital of $XX million. Committed capital has the meaning given by s118-445 of the ITAA97. Evidence of committed capital in the form of signed application forms/subscription deeds may be requested by the delegate of Innovation and Science Australia as evidence of committed capital at any time.
What is the partnership’s total committed capital (AUD) at the time of application?
Upload Capital raising strategy
File:
Where do you plan on sourcing capital from?
Is the general partner committing capital to the partnership?
What is the partnership’s target committed capital (AUD)?
Will the partnership’s committed capital be at least $10 million and not more than $200 million (at the time of ESVCLP registration)?

Transfer committed capital

Can the partnership’s committed capital be transferred to other entities?
The delegate of Innovation and Science Australia are required to take into account in deciding whether an investment plan is appropriate whether the partnership’s committed capital can only be used in relation to early stage venture capital, and whether it can be transferred to other entities. As such, the delegate of Innovation and Science Australia will use the answer to this question as a factor for consideration when determining whether an ESVCLP’s investment plan is appropriate.

Partnership investments

Does the partnership hold any investments/permitted loans?
Upload investment/permitted loan documentation * Documentation in the form of a statement that each investment the partnership holds is an eligible venture capital investment in accordance with s118-425 or s118-427 of the ITAA 97 or permitted loan is in accordance with s9-10 of the Venture Capital Act 2002
File:
Investment
New shares (limited provision for pre-owned), convertible notes (that are equity interests), new units or options in Australian businesses with assets of not more than $50 million. The total amount invested is not more than 30 per cent of the ESVCLP’s committed capital. Cannot invest in businesses where the predominant activity is: property development banking, financing, leasing, factoring, securitisation, insurance, making investments construction. Each investment held is: 1.an eligible venture capital investment under s118-425 of the ITAA97; or 2.an investment in a company, in which the partnership owns one or more eligible venture capital investments, that would have been an eligible venture capital investment but for subsections 118 425(2) and (6) of the ITAA97; or 3.an investment in a unit trust, in which the partnership owns one or more eligible venture capital investments, that would have been an eligible venture capital investment but for subsections 118 427(3) and (7) of the ITAA97.
Is this investment an eligible venture capital investment or a permitted loan?
Type of investment
Note: Please ensure if the business has an ABN or ACN, either or both are entered, then click the lookup button.
Enter your ABN into the Australian Business Number (ABN) field and click the Lookup ABN button to retrieve your registration details from the Australian Business Register (ABR).
Enter your ACN into the Australian Company Number (ACN) field and click the Lookup ACN button to retrieve your registration details from the Australian Business Register (ABR).
If you have Business Names registered, you can select the relevant Business Name. If you have not registered your Business Name, select Other and enter the name into the Other Business Name field.
Note: Please ensure if the business has an ABN or ACN, either or both are entered, then click the lookup button.
Enter your ABN into the Australian Business Number (ABN) field and click the Lookup ABN button to retrieve your registration details from the Australian Business Register (ABR).
Enter your ACN into the Australian Company Number (ACN) field and click the Lookup ACN button to retrieve your registration details from the Australian Business Register (ABR).
If you have Business Names registered, you can select the relevant Business Name. If you have not registered your Business Name, select Other and enter the name into the Other Business Name field.
An ESVCLP can only hold a debt interest if it is a permitted loan as defined at s9-10 of the Venture Capital Act. Generally, an ESVCLP can lend money to a company or unit trust once it holds an eligible venture capital investment in that entity and that investment is at least 10 per cent of the investee. An ESVCLP may also lend money to a business where it does not hold an investment if the loan is repaid within six months. If there are exceptional circumstances the repayment period may be extended by the delegate of Innovation and Science Australia [s9-10(1)(b), (2) and (3)].
Is there a requirement for repayment of the permitted loan within six months?
Will the investments the partnership holds be in accordance with its approved investment plan?

Limited partners

Early Stage Venture Capital Limited Partnership - Application Form
Save your form regularly and take note of the tracking code.
Fields marked with  * are required.

Details of limited partners

Do you have any Limited Partners?
Instructions for filling in limited partner list:

1.Click on the following link to open the spreadsheet : limited partners spreadsheet 2.Enter details of ALL limited partners of the partnership into the spreadsheet 3.Save the spreadsheet to your local device 4.Click on 'Click to Upload' to upload the spreadsheet from your local device
The file must be an .xlsx and must be less than 20MB in size to be successfully loaded.
Limited partners spreadsheet
File:
The spreadsheet uploaded contains limited partners.

Proportion of committed capital

Will any partner's committed capital exceed 30 % of the partnership’s total committed capital?
Banks, life insurance companies and widely-held complying superannuation funds are exempt from this restriction. A foreign venture capital fund of funds is also allowed to hold more than 30 per cent committed capital in an ESVCLP, provided the fund is widely held and the ultimate investors are eligible foreign investors.
Is that partner an exempt entity under the VC Act?
Specify the exempt entity (including the name)
Section 9-3(5) of the Act, provides entities that are exempt. If a partner does not fit within those entities, the partner of the partnership needs to apply to the Committee under s9-4 of the Act.
Attachment that specifies the entity is exempt.
File:
Is the Partnership requesting an exemption under s9-4 of the Act?
An application for an exemption needs to be lodged with the application. The general partner of the partnership needs to apply to under s9-4 of the Act. The delegate of Innovation and Science Australia determine all applications on a case by case basis. The partner of the partnership will need to apply for an exemption and outline the case that it has for exceeding the 30% limit. The general partner will need to include a strong case for why the ESVCLP will still meet the aims of the Act (noting, it states a 30% rule) and include if the exemption is for a certain period of time.
Upload an application for an exemption
File:

Legislative requirement (Partnership deed, Investment plan, Skills and resources)

Early Stage Venture Capital Limited Partnership - Application Form
Save your form regularly and take note of the tracking code.
Fields marked with  * are required.

Investment plan

Does the partnership have an investment plan?
Is the investment plan part of the partnership deed?
The partnership deed must include an investment plan which outlines the partnership's future intended investment activities, i.e. Schedule A