Partnership Act 1997

The Commissioner must appoint a person (including a general partner in the partnership or a person who is not a registered liquidator for the Corporations Act 2001) to be the liquidator for the winding up.

The liquidator:

must, within 10 days after the appointment, publish a notice of the appointment in a newspaper circulating generally in the

must give the prescribed security for the winding up; and

is entitled to receive fees set by the Commissioner.

The winding up must begin within:

28 days after the notice referred to in section 78(5)(a)(ii) is given; or

if the Supreme Court confirms the decision to issue the certificate under section 79 – 28 days after the confirmation.

The winding up must be completed by the day:

stated in a notice given by the Commissioner to the partnership;

at least 60 days after the giving of the notice.

The reasonable costs of the winding up are payable out of the partnership property.