53AC
In forceMeaning of business affairs—partnership
Volume 1Chapter 1, Part 1.1 to Chapter 2J, Part 2J.4 sections 1 to 260E
Chapter 1Introductory
Part 1.2Interpretation
Division 7Meaning of some other expressions
53AC Meaning of business affairs—partnership
A partnership’s business affairs include (without limitation):
(a)
the partnership’s promotion, formation, membership, control, examinable operations and examinable assets and liabilities; and
(b)
the partnership’s management and proceedings; and
(c)
any act done (including any contract made and any transaction entered into) by or on behalf of the partnership, or to or in relation to the partnership, at a time when the partnership is being wound up; and
(d)
matters concerned with ascertaining the corporations with which the partnership is or has been connected.
This Act’s bill:Explanatory memorandumSecond reading speech
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