South Australian Current Acts South Australian Current Acts71C—Entitlement to make assumptions
(1) A person is
entitled to make the assumptions in section 71D in relation to dealings
with an incorporated limited partnership and the
incorporated limited partnership is not entitled to assert in proceedings in
relation to the dealings that any of the assumptions are incorrect.
(2) A person is
entitled to make the assumptions in section 71D in relation to dealings
with another person who has, or purports to have, directly or indirectly
acquired title to property from an incorporated limited partnership and the
incorporated limited partnership and the other person are not entitled to
assert in proceedings in relation to the dealings that any of the assumptions
are incorrect.
(3) The assumptions
may be made even if a partner or agent of the incorporated limited partnership
acts fraudulently, or forges a document, in connection with the dealings.
(4) A person is not
entitled to make an assumption in section 71D if at the time of the
dealings the person knew or suspected that the assumption was incorrect.