Limited Partnerships Act 2016

On the commencement of the winding up of an incorporated limited partnership required on a winding up notice, the Commissioner may appoint a person to be the liquidator of the incorporated limited partnership.

The liquidator is not required to be a registered liquidator as defined in the Corporations Act section 9 and may be —

a general partner in the incorporated limited partnership; or

an associate of a general partner in the incorporated limited partnership.

If the Commissioner appoints a person to be the liquidator of an incorporated limited partnership under subsection (1), the Commissioner must record the appointment in the register.

The regulations may make provision for or in relation to the giving of security by the liquidator to the Commissioner.

The liquidator is entitled to receive from the incorporated limited partnership property the remuneration that is fixed by the Commissioner.

Any vacancy occurring in the office of liquidator must be filled by a person appointed by the Commissioner.