Queensland Consolidated Acts

PARTNERSHIP ACT 1891 - SECT 5

5 Meaning of partnership

(1) Partnership is the relation which subsists between persons carrying on a business in common with a view of profit.

(1A) Partnership includes an incorporated limited partnership.

(2) However, the relation between members of any company or association that is—

(a) incorporated under the Corporations Act; or

(b) formed or incorporated by or in pursuance of any other Act of Parliament or letters patent, or Royal Charter;

is not a partnership within the meaning of this Act.