Venture Capital Limited Partnership - Australian Government

Description

The Venture Capital Limited Partnership (VCLP) program aims to stimulate Australia's venture capital sector by:

  • helping fund managers attract pooled capital so they can raise new venture capital funds of over $10 million to invest in innovative Australian businesses
  • offering tax benefits to fund managers and eligible foreign investors
  • connecting investors with innovative Australian businesses
  • helping Australian businesses grow by receiving financial support.

If registered, a Venture Capital Limited Partnership (VCLP) can then make venture capital investments in companies or unit trusts with total assets of not more than $250 million.

Please consult the Contact Officer for more information regarding this licence.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

You are eligible to register as a VCLP if you:

  • are a new venture capital fund
  • are a limited partnership or an incorporated limited partnership
  • are established in Australia or a country that has a double tax agreement with Australia
  • have a general partner that is a resident of either Australia or a country that has a double tax agreement with Australia
  • have at least $10 million in committed capital, although a partnership that does not satisfy this requirement may be eligible for conditional registration.

Please consult the Contact Officer for more information regarding eligibility requirements.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All No fee.

Other resources

Task Business Structure Resources
Apply All Customer Information Guide (Opens in new window)

Act(s) name

Venture Capital Act 2002 Australian Government

Administering agency

Department of Industry, Innovation and Science