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LIMITED PARTNERSHIPS ACT 2016


TABLE OF PROVISIONS

           Long Title
           Preamble

   PART 1 -- Preliminary  

   1.      Short title
            
   2.      Commencement
            
   3.      Terms used
            
   4.      Term used: associate
            
   5.      Term used: partnership

   PART 2 -- Application of laws of partnership  

   6.      Application of Partnership Act to limited partnership
            
   7.      Application of general law to incorporated limited partnership
            
   8.      Application of Partnership Act to incorporated limited partnership
            
   9.      Application of Partnership Act to incorporated limited partnership: modifications

   PART 3 -- Limited partnerships

           Division 1 -- Nature, formation and membership  

   10.     Formation of limited partnership
            
   11.     Composition of limited partnership
            
   12.     Change in membership of limited partnership
            
   13.     Differences between partners

           Division 2 -- Management  

   14.     Limited partner must not take part in management of limited partnership
            
   15.     When does limited partner take part in management?

           Division 3 -- Registration  

   16.     Application for registration
            
   17.     Registration

           Division 4 -- Liability of partner  

   18.     Limitation of liability of limited partner
            
   19.     Change in liability of limited partner
            
   20.     Effect on liability of change in status of partner
            
   21.     Liability for business conducted outside State
            
   22.     Liability under corresponding law
            
   23.     Effect of sections 21 and
            
   24.     Limitation of liability provisions cannot be varied

           Division 5 -- Dissolution, cessation and winding up  

   25.     Dissolution generally
            
   26.     Dissolution on grounds of mental disability
            
   27.     Cessation
            
   28.     Notice of dissolution or cessation
            
   29.     No notice of dissolution or cessation
            
   30.     Winding up

           Division 6 -- Cancellation of registration  

   31.     Cancellation of registration on dissolution or cessation
            
   32.     Cancellation of registration on incorporation
            
   33.     Notice of cancellation
            
   34.     Effect of cancellation

   PART 4 -- Incorporated limited partnerships

           Division 1 -- Nature, formation and membership  

   35.     Nature of incorporated limited partnerships
            
   36.     Formation of incorporated limited partnerships
            
   37.     Composition of incorporated limited partnerships
            
   38.     Change in membership
            
   39.     Differences between partners
            
   40.     Agents
            
   41.     Partnership agreement

           Division 2 -- Management  

   42.     Limited partner must not take part in management of incorporated limited partnership
            
   43.     When does limited partner take part in management?
            
   44.     Proposals to which section 43(1)(k)(i) applies

           Division 3 -- Registration  

   45.     Application for registration
            
   46.     Registration

           Division 4 -- Lodgment of documents relating to registration  

   47.     Evidence of status: on registration
            
   48.     Evidence of status: after registration

           Division 5 -- Liability of partner  

   49.     Limitation of liability of limited partner
            
   50.     Effect on liability of change in status of partner
            
   51.     Liability for business conducted outside State
            
   52.     Liability under corresponding law
            
   53.     Effect of sections 51 and

           Division 6 -- Winding up

              Subdivision 1 -- Voluntary winding up  

   54.     Voluntary winding up

              Subdivision 2 -- Winding up required by Commissioner  

   55.     Grounds for winding up required by Commissioner
            
   56.     Commissioner may require incorporated limited partnership to show cause
            
   57.     How incorporated limited partnership may show cause
            
   58.     Commissioner may give winding up notice where cause not shown
            
   59.     Commissioner must record in register where cause shown
            
   60.     Power to cancel winding up notice given in error
            
   61.     Notices must be recorded in register
            
   62.     Commencement and completion of winding up
            
   63.     Costs of winding up
            
   64.     Appointment of liquidator
            
   65.     Distribution of assets on winding up

              Subdivision 3 -- Winding up under Corporations Act  

   66.     Application of Corporations Act to winding up

              Subdivision 4 -- Winding up generally  

   67.     Notice of winding up
            
   68.     No notice of winding up

           Division 7 -- Cancellation of registration  

   69.     Cancellation of registration on winding up
            
   70.     Notice of cancellation
            
   71.     Effect of cancellation

           Division 8 -- Miscellaneous  

   72.     Entitlement to make assumptions
            
   73.     Assumptions that can be made
            
   74.     Common seal
            
   75.     Execution
            
   76.     Enforcing judgments
            
   77.     Proper party to proceeding

   PART 5 -- General

           Division 1 -- Register and registration  

   78.     Register
            
   79.     Power to make or correct certain entries in register
            
   80.     Reinstatement of registration
            
   81.     Entry in register constitutes notice

           Division 2 -- Certificates of registration  

   82.     Certificate of registration to be issued
            
   83.     Certificate of registration to be displayed

           Division 3 -- Change in registered particulars  

   84.     Notice of change in registered particulars
            
   85.     Change in agreed contribution of limited partner
            
   86.     Register to record change in registered particulars

           Division 4 -- Restrictions on members  

   87.     Terms used
            
   88.     Restrictions on insolvents
            
   89.     Restrictions on convicted persons
            
   90.     Restrictions on disqualified persons
            
   91.     Contravention does not affect liability
            
   92.     Leave of Commissioner
            
   93.     Revoking leave of Commissioner

           Division 5 -- Reviews  

   94.     Terms used
            
   95.     Reviewable decisions
            
   96.     Review of reviewable decisions

           Division 6 -- Offences  

   97.     Giving false or misleading information
            
   98.     Offences by partnership
            
   99.     Time for bringing proceedings for offences

           Division 7 -- Miscellaneous  

   100.    How notices may be given
            
   101.    How consent may be given
            
   102.    Registered office
            
   103.    Service
            
   104.    Lodgment of documents
            
   105.    Signing of documents
            
   106.    Business documents
            
   107.    Inspection of accounts and financial records

           Division 8 -- Application of other written laws  

   108.    Application of Fair Trading Act
            
   109.    Application of Criminal Procedure Act 2004

           Division 9 -- Regulations and orders  

   110.    Regulations
            
   111.     Regulations prescribing model limited partnership agreement
            
   112.    Regulations relating to Corporations Act
            
   113.    Orders declaring corresponding law

   PART 6 -- Repeals and transitional matters  

   114.    Terms used
            
   115.    Written laws repealed
            
   116.    Existing limited partnerships
            
   117.    Existing register
            
   118.    Existing statements
            
   119.    Time limit under section
            
   120.    Leave taken to have been granted under section 92(4)
            
           121. Transitional regulations

   PART 7 -- Partnership Act 1895 amended  

   122.    Partnership Act 1895 amended
           Defined terms
           

[Assented to 29 November 2016]

Compilation table


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