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This is a Bill, not an Act. For current law, see the Acts databases.
South Australia
Partnerships (Venture Capital) Amendment
Bill 2008
A BILL FOR
An Act to amend the Partnership Act 1891.
Contents
Part 1—Preliminary
1 Short
title
2 Commencement
3 Amendment provisions
Part 2—Amendment of Partnership
Act 1891
4 Amendment of section 51D—Who may apply for
registration?
5 Amendment of section 52—Application for
registration
6 Amendment of section 65A—Limited partner not to take
part in management of incorporated limited partnership
7 Amendment of section
71E—Lodgment of certain documents with Commission
8 Amendment of
Schedule 1—Savings, transitional and other provisions
The Parliament of South Australia enacts as
follows:
This Act may be cited as the Partnerships (Venture Capital) Amendment
Act 2008.
This Act will come into operation on a day to be fixed by
proclamation.
In this Act, a provision under a heading referring to the amendment of a
specified Act amends the Act so specified.
Part 2—Amendment
of Partnership
Act 1891
4—Amendment of
section 51D—Who may apply for registration?
Section 51D(3)(a)—after subparagraph (ii) insert:
(iii) an ESVCLP within the meaning of that Act; or
5—Amendment of
section 52—Application for registration
(1) Section 52(1a)(j)—delete "or an AFOF" and substitute:
, AFOF or ESVCLP
(2) Section 52(1a)(k)—delete "or an AFOF" wherever occurring and
substitute in each case:
, AFOF or ESVCLP
6—Amendment of
section 65A—Limited partner not to take part in management of incorporated
limited partnership
Section 65A(3)(k)—delete "or AFOF" and substitute:
, AFOF or ESVCLP
7—Amendment of
section 71E—Lodgment of certain documents with
Commission
(1) Section 71E(1)—delete "or an AFOF" wherever occurring and
substitute in each case:
, AFOF or ESVCLP
(2) Section 71E(3)(a)—delete "or an AFOF" and substitute:
, AFOF or ESVCLP
8—Amendment of
Schedule 1—Savings, transitional and other provisions
(1) Before clause 1 insert:
Part 1—General
(2) Clause 1(1)—delete "Partnership (Venture Capital Funds)
Amendment Act 2005" and substitute:
following Acts:
(a) Partnership (Venture Capital Funds) Amendment Act
2005;
(b) Partnership (Venture Capital) Amendment Act 2008.
(3) Before clause 2 insert:
Part 2—Provisions consequent on enactment of
Partnership (Venture Capital Funds) Amendment Act 2005
(4) After clause 2 insert:
Part 3—Provision consequent on enactment of
Partnership (Venture Capital) Amendment Act 2008
3—Applications for registration of ESVCLPs or
proposed ESVCLPs made before amendments commence
(1) The provisions of this Act (as amended by the Amendment Act) extend to
an application for the registration of an ESVCLP or proposed ESVCLP as an
incorporated limited partnership that was made on or after the day on which the
Bill for the Amendment Act was first introduced into Parliament.
(2) In this clause—
Amendment Act means the Partnership (Venture Capital)
Amendment Act 2008;
ESCVLP has the same meaning as in the Venture Capital Act
2002 of the Commonwealth.