South Australian Numbered Acts

PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005)

TABLE OF PROVISIONS

           Long Title

   PART 1--Preliminary

   1.      Short title
   2.      Commencement
   3.      Amendment provisions

   PART 2--Amendment of Partnership Act 1891

   4.      Amendment of section 1B--Interpretation
   5.      Insertion of section 1C
   6.      Amendment of section 1--Definition of partnership
   7.      Amendment of section 2--Rules for determining existence of partnership
   8.      Amendment of section 4--Meaning of "firm"
   9.      Amendment of section 5--Power of partner to bind firm
   10.     Amendment of section 6--Partners bound by acts on behalf of firm
   11.     Amendment of section 7--Partner using credit of firm for private purposes
   12.     Amendment of section 8--Effect of notice that firm will not be bound by acts of partner
   13.     Amendment of section 9--Liability of partners
   14.     Amendment of section 10--Liability of firm for wrongs
   15.     Amendment of section 11--Misapplication of money or property received for or in custody of the firm
   16.     Amendment of section 12--Liability for wrongs joint and several
   17.     Amendment of section 13--Improper employment of trust property for partnership purposes
   18.     Amendment of section 14--Persons liable by "holding out"
   19.     Amendment of section 15--Admissions and representations of partners
   20.     Amendment of section 16--Notice to acting partners to be notice to firm
   21.     Substitution of section 17
   22.     Amendment of section 18--Revocation of continuing guarantee by change in firm
   23.     Amendment of section 20--Partnership property of firms other than incorporated limited partnerships
   24.     Insertion of section 20A
   25.     Amendment of section 22--Conversion into personal estate of land held as partnership property
   26.     Amendment of section 23--Procedure against partnership property for a partner's separate judgment debt
   27.     Amendment of section 24--Rules as to interests and duties of partners other than partners in incorporated limited partnership subject to special agreement
   28.     Amendment of section 26--Retirement from partnership at will
   29.     Amendment of section 27--Where partnership for term is continued over, continuance on old terms presumed
   30.     Amendment of section 28--Duties of partners to render accounts etc
   31.     Amendment of section 29--Accountability of partners for private profits
   32.     Amendment of section 30--Duty of partner not to compete with firm
   33.     Amendment of section 31--Rights of assignee of share in partnership
   34.     Insertion of section 31A
   35.     Repeal of Part 2 Division 5
   36.     Substitution of heading to Part 3
   37.     Substitution of Part 3 Division 1

           Division 1--Application of Act to limited partnerships and incorporated limited partnerships

   38.     Substitution of heading to Part 3 Division 2
   39.     Substitution of section 49
   40.     Amendment of section 50--Size of a limited partnership or incorporated limited partnership
   41.     Substitution of section 51
   42.     Substitution of heading to Part 3 Division 3
   43.     Insertion of section 51D
   44.     Amendment of section 52--Application for registration
   45.     Substitution of section 53
   46.     Amendment of section 54--Register of Limited Partnerships and Incorporated Limited
   47.     Amendment of section 55--Changes in registered particulars
   48.     Substitution of section 56
   49.     Substitution of heading to Part 3 Division 4
   50.     Amendment of section 58--Liability of limited partner limited to amount shown in Register
   51.     Amendment of section 59--Change in liability of limited partner
   52.     Amendment of section 60--Change in status of partners
   53.     Amendment of section 61--Liability for business conducted outside the State
   54.     Amendment of section 62--Liability for limited partnerships formed under corresponding laws
   55.     Insertion of section 62A
   56.     Amendment of section 63--Contribution towards discharge of liabilities
   57.     Insertion of Division 4A

           Division 4A--Limitation of liability of limited partners in incorporated limited partnerships

   58.     Amendment of section 65--Limited partner not to take part in management of limited partnership
   59.     Insertion of sections 65A and 65B
   60.     Amendment of section 66--Differences between partners
   61.     Amendment of section 67--Change in partners
   62.     Substitution of heading to Part 3 Division 6
   63.     Amendment of section 68--Dissolution not available in certain cases
   64.     Insertion of section 71A
   65.     Insertion of sections 71B to 71E
   66.     Amendment of section 75--Identification of limited partnerships and incorporated limited partnerships
   67.     Amendment of section 76--Registered office
   68.     Substitution of section 77
   69.     Amendment of section 78--Entry in Register constitutes notice
   70.     Insertion of sections 79A to 79C
   71.     Amendment of section 83--Regulations
   72.     Insertion of section 84 and Schedule 1
           SCHEDULE 1--Related amendment of Business Names Act 1996