Queensland Consolidated Acts Queensland Consolidated Acts(1) An incorporated limited partnership that was registered under this chapter on the basis of an intention to become a VCLP, ESVCLP or an AFOF must, within 1 month after becoming a VCLP, ESVCLP or an AFOF, give to the chief executive a copy of a document evidencing its status as a VCLP, ESVCLP or an AFOF.
(2) An incorporated limited partnership that was registered under this chapter on the basis of an intention to meet the requirements for recognition as a VCMP must, within 1 month after becoming a VCMP, give to the chief executive a statement that it is a VCMP.
(3) If--
(a) the registration of an incorporated limited partnership as a VCLP, ESVCLP or an AFOF under the Venture Capital Act 2002 (Cwlth), part 2 is revoked; or
(b) an incorporated limited partnership ceases to be a VCMP;
the incorporated limited partnership must, within 7 days after the date on which that revocation took effect or it ceased to be a VCMP, give to the chief executive a notice of that revocation or cessation, stating the date on which it took effect.
(4) If an incorporated limited partnership ceases to carry on business, the incorporated limited partnership must, as soon as practicable, give to the chief executive a notice of the cessation, stating the date on which it took effect.
(5) A copy of a document, a statement or a notice required to be given to the chief executive under this section must be accompanied by the fee prescribed under a regulation.
(6) A notice required to be given to the chief executive under this section must--
(a) be in the approved form; and
(b) contain any particulars required under a regulation.
(7) If subsection (1), (2), (3) or (4) is not complied with, each general partner in the incorporated limited partnership commits an offence.
Maximum penalty for subsection (7)--10 penalty units.