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VENTURE CAPITAL ACT 2002 - SECT 15.10

Quarterly returns

    A * general partner of a partnership registered under this Part as a * VCLP , an * ESVCLP or an * AFOF must, within one month after the end of each * quarter, give * Industry Innovation and Science Australia a written return that includes:

  (a)   details of any investments it has made during the quarter, and the consideration given for those investments; and

  (b)   details of any disposals of investments during the quarter, and any profit derived or loss incurred from those disposals (including details of how that profit or loss was calculated); and

  (c)   for each investment in a company made during the quarter--a statement from a general partner as to whether the company met the requirements of subsections   118 - 425(3), (4), (4A) and (5) of the Income Tax Assessment Act 1997 at all times during the quarter after the investment was made; and

  (d)   for each disposal of an investment in a company during the quarter--a statement from a general partner as to whether the company met the requirements of subsections   118 - 425(3), (4), (4A) and (5) of the Income Tax Assessment Act 1997 at all times during the quarter up to the day of disposal; and

  (e)   for each investment in a unit trust made during the quarter--a statement from a general partner as to whether the unit trust met the requirements of subsections   118 - 427(4), (5) , (5A) and (6) of the Income Tax Assessment Act 1997 at all times during the quarter after the investment was made; and

  (f)   for each disposal of an investment in a unit trust during the quarter--a statement from a general partner as to whether the unit trust met those requirements at all times during the quarter up to the day of disposal.



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