South Australian Numbered Acts

PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005) - SECT 64

64—Insertion of section 71A

After section 71 insert:

71A—Winding up of incorporated limited partnerships

        (1)         The regulations may make provision for the winding up of incorporated limited partnerships, including by applying, with or without modification, specified provisions of the Corporations Act 2001 of the Commonwealth.

        (2)         The limit on the penalties that may be fixed for offences against the regulations under this Act does not apply in relation to any regulation that makes provision for the winding up of incorporated limited partnerships.