Treatment of partnerships
87 Treatment of partnerships
The superannuation accounts law applies to a partnership as if the partnership were a person, but it applies with the following changes:
obligations that would be imposed on the partnership are imposed instead on each partner, but may be discharged by any of the partners;
any offence against the superannuation accounts law that would otherwise be committed by the partnership is taken to have been committed by each partner who:
aided, abetted, counselled or procured the relevant act or omission; or
was in any way knowingly concerned in, or party to, the relevant act or omission (whether directly or indirectly and whether by any act or omission of the partner).
Superannuation accounts law is defined by section 4.
This Act’s bill:Second reading speech
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