South Australian Numbered Acts

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PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005) - SECT 48

48—Substitution of section 56

Section 56—delete the section and substitute:

56—Certificates of registration

        (1)         The Commission must, at the time of—

            (a)         registering a limited partnership or an incorporated limited partnership; or

            (b)         recording a change in its registered particulars; or

            (c)         correcting an error or omission in the Register in relation to it,

issue to the general partners a certificate as to its formation and its registered particulars as at that time.

        (2)         The Commission may, on application, issue to the applicant a certificate in relation to a limited partnership or incorporated limited partnership as to its formation and its registered particulars as at the time of the application.

        (3)         A certificate under this section is to be in such form as the Commission thinks fit.

        (4)         A certificate under this section—

            (a)         as to the formation of a limited partnership or incorporated limited partnership, is conclusive evidence that the partnership was formed on the date of registration referred to in the certificate; and

            (b)         as to the registered particulars as at a specified time of the partnership, is (unless the contrary is established) conclusive evidence that the partnership existed at that time; and

            (c)         as to the general partners and limited partners in a partnership as at a specified time is (unless the contrary is established) conclusive evidence of the general partners and limited partners as at that time; and

            (d)         as to any other particular of a partnership recorded in the Register as at a specified time, is (unless the contrary is established) conclusive evidence of that particular as at that time.



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