Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1002F

Information in possession of partner or employee of partnership

For the purposes of this Division and section 1013:

(a)
a member of a partnership is taken to possess any information:

(i)
which another member of the partnership possesses and which came into the other member's possession in the other member's capacity as a member of the partnership; or
(ii)
which an employee of the partnership possesses and which came into his or her possession in the course of the performance of duties as such an employee; and
(b)
if a member or employee of a partnership knows or ought reasonably to know any matter or thing because the member or employee is such a member or employee, it is to be presumed that every member of the partnership knows or ought reasonably to know that matter or thing.



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