Australian Capital Territory Current Acts

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PARTNERSHIP ACT 1963 - SECT 69

Interpretation for s 68

    (1)     In section 68:

"associate"—

        (a)     of a general partner, includes—

              (i)     if the general partner is a partnership (including an external partnership)—a partner in that partnership (a partner in the general partner ); and

              (ii)     anyone who has an interest in the general partner or in any partner in the general partner, whether as security holder, trustee, responsible entity, manager, custodian, subcustodian, nominee, administrator, executor, legal personal representative, beneficiary or otherwise; and

              (iii)     anyone to whom the general partner or any partner in the general partner has delegated any power, authority, right, duty or obligation of the general partner in relation to the partnership or any other partnership in which the general partner is general partner; and

              (iv)     if the general partner, a partner in the general partner or a person covered by subparagraph (ii) or (iii) is a corporation—a related body corporate of that corporation; and

              (v)     a director, officer, employee, agent, representative or security holder of the general partner, of any partner in the general partner or of a person covered by subparagraph (ii), (iii) or (iv); and

        (b)     of a limited partner, includes—

              (i)     if the limited partner is a partnership (including an external partnership)—a partner in that partnership (a partner in the limited partner ); and

              (ii)     anyone who has an interest in the limited partner or in any partner in the limited partner, whether as security holder, trustee, responsible entity, manager, custodian, subcustodian, nominee, administrator, executor, legal personal representative, beneficiary or otherwise; and

              (iii)     if the limited partner, a partner in the limited partner or a person covered by subparagraph (ii) is a corporation—a related body corporate of that corporation; and

              (iv)     a director, officer, employee, agent, representative or security holder of the limited partner, of any partner in the limited partner or of a person covered by subparagraph (ii) or (iii); and

        (c)     of an incorporated limited partnership, includes—

              (i)     any person or partnership (including an external partnership) in which the incorporated limited partnership has an interest, whether as security holder or otherwise; and

              (ii)     if a person or partnership (including an external partnership) covered by subparagraph (i) is a corporation—a related corporation of that corporation.

    (2)     In section 68 and this section:

"general partner", in an incorporated limited partnership, includes, if the general partner is a partnership (including an external partnership), a partner in that partnership.

"related body corporate—"see the Corporations Act

, section 9 (Dictionary).

"securities"—see the Corporations Act

, section 92 (3) (Securities).

"security holder", in relation to a body, includes a holder of securities in or of the body.



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