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Australia
AustraliaAustralian Venture Capital Fund of Funds (AFOF)
The Australian Venture Capital Fund of Funds (AFOF) program encourages investment in a portfolio of early stage venture capital limited partnerships (ESVCLPs) and venture capital limited partnerships (VCLPs). It offers tax incentives and provides diversification and flexibility for fund managers and investors. Fund managers can apply at any time to register a new partnership with Innovation and Science Australia for tax benefits.
Who can apply
Limited partnerships or incorporated limited partnerships established in Australia, each general partner must be an Australian resident. The partnership must be new (not restructured from an existing one) and have a partnership agreement with specific provisions.Perks & benefits
- Tax incentives for fund managers and eligible foreign investors
- Flow-through tax status for investors
- Diversification and flexibility for fund and investors
Key contacts
Australian Taxation Office (ATO) for tax concession enquiries
Australian Taxation Office (ATO) international
Sources
Links used by the AI to gather information about this grant.
- business.gov.au/grants-and-programs/australian-venture-capital-fund-of-funds ↗
- www.homeaffairs.gov.au/reports-and-pubs/files/business-investment-innovation-pro… ↗
- treasury.gov.au/sites/default/files/2022-10/p2022-328982.docx ↗
- gemaker.com.au/database-grants/australian-venture-capital-fund-of-funds-afof/ ↗
- www.getbetadocs.com/grants/australian-venture-capital-fund-of-funds ↗
- www.industry.gov.au/science-technology-and-innovation/industry-innovation ↗
- www.industry.gov.au/ ↗
- www.gtlaw.com.au/insights/venture-capital-2024-australia ↗