South Australian Numbered Acts

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PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005) - SECT 5

5—Insertion of section 1C

After section 1B insert:

1C—Application of laws to partnerships and incorporated limited partnerships

        (1)         Except so far as they are inconsistent with the express provisions of this Act, the rules of equity and common law relating to partnership will continue in force.

        (2)         However, except as provided (whether expressly or by necessary implication) by this Act or any other enactment, the law relating to partnership does not apply to or in respect of an incorporated limited partnership, the partners in an incorporated limited partnership or to the relationship between an incorporated limited partnership and its partners.



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