Identification of incorporated limited partnerships
88 Identification of incorporated limited partnerships
Any document issued on behalf of an incorporated limited partnership in relation to the conduct of the partnership’s business must contain in legible letters the term ‘An Incorporated Limited Partnership’ (or ‘L.P.’ or ‘LP’ as an abbreviation) at the end of the partnership’s firm name as recorded in the register.
A person commits an offence if the person issues or authorises the issue of a document that does not comply with subsection (1).
Maximum penalty: 20 penalty units.
A person commits an offence if—
the person is a general partner in an incorporated limited partnership; and
a document that does not comply with subsection (1) is issued on behalf of the partnership; and
at the time the document is issued, the person knows the document does not comply with subsection (1).
Maximum penalty: 50 penalty units.
An offence against subsection (2) is a strict liability offence.
Strict liability applies to subsection (3) (a) and (b).
In this section:
document includes any letter, notice, publication, written offer, contract, order for goods or services, invoice, bill of exchange, promissory note, cheque, other negotiable instrument, endorsement, letter of credit, receipt and statement of account.
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