South Australian Numbered Acts

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PARTNERSHIP (VENTURE CAPITAL FUNDS) AMENDMENT ACT 2005 (NO 15 OF 2005) - SCHEDULE 1

Schedule 1—Savings, transitional and other provisions

1—Regulations

        (1)         The regulations may contain provisions of a savings or transitional nature consequent on the enactment of the Partnership (Venture Capital Funds) Amendment Act 2005 .

        (2)         Any such provision may, if the regulations so provide, take effect from the date of assent to the Act concerned or a later date.

        (3)         To the extent to which any such provision takes effect from a date that is earlier than the date of its publication in the Gazette, the provision does not operate so as—

            (a)         to affect, in a manner prejudicial to any person (other than the State or an authority of the State), the rights of that person existing before the date of its publication; or

            (b)         to impose liabilities on any person (other than the State or an authority of the State) in respect of anything done or omitted to be done before the date of its publication.

2—Saving of existing limited partnerships

        (1)         The Register of Limited Partnerships kept under Part 3 as in force immediately before the commencement of this clause is taken on that commencement to be the Register of Limited and Incorporated Limited Partnerships required to be kept under Part 3 as amended by the Partnership (Venture Capital Funds) Amendment Act 2005 .

        (2)         Subject to this Act, a partnership registered as a limited partnership before the commencement of this clause is taken on that commencement to be registered as a limited partnership in the division of limited partnerships in the Register.



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