18NE
CurrentWhere the applicant is a partnership
Part XServicing licensees
18NE Where the applicant is a partnership
(1)
If the applicant is a partnership, this Part applies as if:
(a)
a reference to the applicant, other than in paragraph 18NC(1)(d), were a reference to each member of the partnership; and
(b)
the reference to the applicant in paragraph 18NC(1)(d) were a reference to any partner in the partnership.
(2)
If the Secretary grants a servicing licence to a partnership, the licence must state:
(a)
the names of all the partners; and
(b)
if the partnership has a registered business name, the registered business name.
(3)
Each of the partners named on the servicing licence is taken to be a servicing licensee for the purposes of this Act.
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