27Partnerships

#### 27 Partnerships 27 Partnerships > > (1) A licensee must not be in partnership with another person unless— > > > > > (a) the other person is a licensee, or > > > > > (b) the partnership with that other person is approved by the Secretary and does not contravene the provisions of any regulation under this section. > > > > Maximum penalty—200 penalty units in the case of a corporation or 100 penalty units in any other case. > > > (2) An approval for a partnership may not be given under this section unless the Secretary is satisfied that the business of the partnership concerned will include conveyancing business. > > > (3) An approval may not be given for a partnership with a person who is the holder of a licence or certificate of registration under the [Property and Stock Agents Act 2002](/view/html/inforce/current/act-2002-066). > > > (4) The regulations may make provision for or with respect to restricting the classes of persons (other than licensees) with whom a licensee may be in partnership. > > > (5) The following provisions apply in respect of a partnership in which a licensee is a member— > > > > > (a) a partner who is not a licensee is not guilty of an offence under Part 2.1 of the [Legal Profession Uniform Law (NSW)](/view/html/inforce/current/act-2014-16a) merely because the partner conducts business of the partnership that is conveyancing business, > > > > > (b) a partner who is not a licensee is not guilty of an offence under Part 2.1 of the [Legal Profession Uniform Law (NSW)](/view/html/inforce/current/act-2014-16a) merely because the partner receives any fee, gain or reward for business of the partnership that is conveyancing business, > > > > > (c) a partner who is not a licensee is not guilty of an offence under Part 2.1 of the [Legal Profession Uniform Law (NSW)](/view/html/inforce/current/act-2014-16a) merely because the partner holds out, advertises or represents himself or herself as a member of a partnership conducting conveyancing business, > > > > > (d) a partner who is a licensee does not contravene this Part merely because the partner shares with any other partner the receipts of business of the partnership that is conveyancing business, > > > > > (e) Part 5, Division 2 and Parts 7 and 8 apply, subject to the regulations, as if each partner who is not a licensee were a licensee. Those provisions so apply in connection with any business of the partnership (whether or not it is conveyancing business). > > **s 27:** Am 2005 No 46, Sch 11.3 \[7\] \[8\]; 2006 No 33, Sch 1 \[15\]; 2015 No 7, Sch 2.6 \[1\]; 2018 No 5, Sch 2.5\[1\]; 2025 No 17, Sch 1\[5\].