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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 112
Outsize partnerships and associations
112. (1) A person shall not participate in the formation of an outsize
partnership or association unless it is incorporated or formed under:
(a) this Act or another Act;
(b) letters patent; or
(c) subject to section 113, a law of a State or Territory.
(2) For the purposes of subsection (1), a partnership or association is
outsize if, and only if, it:
(a) has for one or more of its objects the acquisition of gain by the
partnership or association or any of its members;
(b) is capable of being incorporated as a company under Division 1 of Part
2.2; and
(c) consists of more than:
(i) if the partnership or association is formed to carry on a
profession or calling of a kind specified in a declaration in
force under subsection (3)-the number of persons specified in
the declaration in relation to that kind of profession or
calling; or
(ii) in any other case-20 persons.
(3) The Minister may, by Gazette notice, declare that an unincorporated
partnership or association consisting of not more than a specified number of
persons may carry on a profession or calling of a specified kind.
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