№ files_lp_3_process_9_37477
Government policy guidance outlining the criteria and considerations applied by Innovation and Science Australia when determining applications for exemption from the 30 per cent committed capital cap under the Venture Capital Act 2002 in the context of the ESVCLP program.
Year: 2018
Issuing body: Innovation and Science Australia
Committee: Innovation Investment Committee
Document type: Information Paper
Legislation: Venture Capital Act 2002
Relevant program: Early Stage Venture Capital Limited Partnership (ESVCLP) program
Subject: Exercise of discretion to allow a partner’s committed capital to exceed 30 per cent of a partnership’s committed capital
Jurisdiction: Australia
Related legislation: Pooled Development Funds Act 1992; Income Tax Assessment Act 1997
Policy objective: Encouragement of venture capital investment in early stage and expanding Australian companies with high growth potential
Target audience: Partners of ESVCLPs; fund managers; applicants seeking exemption under section 9-4(1)
Effective period: From May 2018
Price: 8 / 10 USD
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