s. 86 partnership and each partner agree to observe and perform the agreement so far as it applies to them. (3) Nothing in subsection (2) prevents an incorporated limited partnership itself executing a partnership agreement. Division 3—Registration of incorporated limited partnerships 87 Who may apply for registration? S. 87 inserted by (1) An application for registration as an incorporated No. 99/2003 s. 4. limited partnership may be made, in the circumstances described in subsection (2), by a partnership or by persons proposing to be the partners in the proposed incorporated limited partnership. (2) The circumstances are— (a) that the partnership is registered under Part 2 of the Venture Capital Act 2002 of the Commonwealth as, or a general partner in the partnership or a proposed general partner in the proposed incorporated limited partnership intends to apply for registration of the partnership or proposed partnership under that Part as— (i) a VCLP within the meaning of that Act; or (ii) an AFOF within the meaning of that Act; or (iii) an ESVCLP within the meaning of that S. 87(2)(a)(iii) inserted by Act; or No. 2/2008 s. 23. (b) that the partnership is a venture capital management partnership within the meaning of section 94D(3) of the Income Tax Assessment Act 1936 of the Commonwealth
partnership and each partner agree to observe and perform the agreement so far as it applies to them. (3) Nothing in subsection (2) prevents an incorporated limited partnership itself executing a partnership agreement. Division 3—Registration of incorporated limited partnerships S. 87 inserted by No. 99/2003 s. 4. 87 Who may apply for registration? s. 86 (1) An application for registration as an incorporated limited partnership may be made, in the circumstances described in subsection (2), by a partnership or by persons proposing to be the partners in the proposed incorporated limited partnership. (2) The circumstances are— (a) that the partnership is registered under Part 2 of the Venture Capital Act 2002 of the Commonwealth as, or a general partner in the partnership or a proposed general partner in the proposed incorporated limited partnership intends to apply for registration of the partnership or proposed partnership under that Part as— (i) a VCLP within the meaning of that Act; or (ii) an AFOF within the meaning of that Act; or S. 87(2)(a)(iii) inserted by No. 2/2008 s. 23. (iii) an ESVCLP within the meaning of that Act; or (b) that the partnership is a venture capital management partnership within the meaning of section 94D(3) of the Income Tax Assessment Act 1936 of the Commonwealth
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