Partnership Act 1891

An incorporated limited partnership has the legal capacity and powers of an individual and also all the powers of a body corporate including (for example) the power, whether within or outside South Australia or outside

to carry on the business of the partnership; or

to enter into contracts or otherwise acquire rights or liabilities;

to create, confer, vary or cancel interests in the partnership;

to acquire, hold and dispose of real or personal property or of an interest (whether beneficial or legal) in real or personal property;

to appoint agents and attorneys, and act as agent for other persons; or

to form, and participate in the formation of, companies or incorporated limited partnerships; or

to participate in partnerships, trusts, joint ventures or other associations and other arrangements for the sharing of profits;

to do such other things as it is authorised to do by or under this

The powers of an incorporated limited partnership may be limited by the partnership agreement.