Partnership Act 1963

In this part:

external partnership means a partnership (or legal entity, however described, in the nature of a partnership) formed under the law of a State, another Territory, foreign country or another jurisdiction, whether or not under the law—

the liability of any partner for the liabilities of the partnership (or entity) is limited; and

the partnership (or entity) is incorporated or is otherwise a separate legal entity.

firm name means—

for an incorporated limited partnership—the name of the partnership recorded in the register; and

for an external partnership—the name under which the partnership’s business is carried on under the law of the place where it is formed.

general partner, for an incorporated limited partnership, means a person or partnership (including an external partnership) admitted as a partner in the incorporated limited partnership in accordance with the partnership agreement and who is not a limited partner.

incorporated limited partnership means a partnership formed under this part, and a reference to the partnership is a reference to the partnership as a separate legal entity and not the partners in the partnership.

liability includes any debt, obligation or liability of any kind, wherever and however incurred.

limited partner, for an incorporated limited partnership, means a person or partnership (including an external partnership) admitted and designated as a limited partner in the incorporated limited partnership in accordance with the partnership agreement.

partner, for an incorporated limited partnership, means a general partner or limited partner.

register—see section 60 (Register of incorporated limited partnerships).

registered information—see section 59 (3) (Registration of incorporated limited partnership).

special resolution, of limited partners in an incorporated limited partnership, means a resolution that has been passed by at least 75% of the limited partners.