Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Registration of the partnership as a * VCLP, an * ESVCLP or an * AFOF comes into force on the day on which registration under section 13 - 1 was granted.
(2) However, if conditional registration of the partnership had been granted under section 13 - 5 and was in force on the day on which registration under section 13 - 1 was granted:
(a) for the purposes of this Act and the Income Tax Assessment Act 1936 , registration of the partnership as a * VCLP, an * ESVCLP or an * AFOF is taken to have come into force on:
(i) if, since its establishment, the partnership has only carried on activities related to becoming registered as a VCLP, an ESVCLP or an AFOF--the day on which it was established; or
(ii) otherwise--the day on which the conditional registration was granted;
and the partnership is taken, for the purposes of this Act and that Act, to have been * unconditionally registered from the day; and
(b) for the purposes of the Income Tax Assessment Act 1997 :
(i) registration of the partnership as a VCLP, an ESVCLP or an AFOF is taken to have come into force on the day on which the conditional registration was granted; and
(ii) the partnership is taken to have been unconditionally registered from the day.
(3) If a * VCLP, an * ESVCLP or an * AFOF is not registered under section 13 - 1 within 24 months after the day on which the conditional registration of the partnership was granted under section 13 - 5, the conditional registration lapses.
(4) Registration is taken to be in force until revoked under Division 17.