Early Stage Venture Capital Limited Partnership (ESVCLP)

The Early Stage Venture Capital Limited Partnership (ESVCLP) program is aimed at stimulating Australia's venture capital sector by making available to fund managers a world class investment vehicle. A venture capital fund registered as an ESVCLP will be entitled to flow-through income tax treatment and a complete tax exemption for income, both revenue and capital, received by its partners whether resident or non-resident. To qualify for registration as an ESVCLP a fund must be a registered partnership with no more than $100 million in committed capital and must invest in businesses with total assets not exceeding $50 million immediately prior to investment. An ESVCLP must also divest itself of any holdings once the total assets of the investee exceed $250 million. As the income will be exempt from tax, investors will not be able to deduct investment losses.

Organisation

AusIndustry

Contact Details

Postal: GPO Box 9839 Canberra ACT 2601

Phone Details

Phone: 13 2846

Website

Early Stage Venture Capital Limited Partnership