South Australian Numbered Acts

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PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005) - SECT 47

47—Amendment of section 55—Changes in registered particulars

        (1)         Section 55(1)—after "limited partnership" insert:

or incorporated limited partnership

        (2)         Section 55(3)(c)(i) and (ii)—delete subparagraphs (i) and (ii) and substitute:

                  (i)         by all the general partners or by a general partner authorised by all the general partners for the purposes of this section; and

                  (ii)         in the case of a limited partnership—if the change relates to the admission of a limited partner, or a change in the liability of a limited partner to contribute—

                        (A)         by the limited partner concerned; or

                        (B)         if that limited partner is a limited partnership—by all the general partners in that limited partnership or by a general partner in that limited partnership authorised by all the general partners in that limited partnership for the purposes of this section.

        (3)         Section 55(4)(a)—delete paragraph (a) and substitute:

            (a)         in the case of a limited partnership—as a result of a change in relation to the registered particulars, the partnership is not eligible to be registered as a limited partnership; or



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