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Corporations Act 2001
115Restrictions on size of partnerships and associations
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#### 115 Restrictions on size of partnerships and associations
(1) A person must not participate in the formation of a partnership or association that:
(a) has as an object gain for itself or for any of its members; and
(b) has more than 20 members;
unless the partnership or association is incorporated or formed under an Australian law.
> Note: For the effect of a contravention of this section, see section 103.
(2) The regulations may specify a higher number that is higher than the number specified in paragraph (1)(b) for the purposes of the application of that paragraph to a particular kind of partnership or association.
(3) An offence based on subsection (1) is an offence of strict liability.
> Note: For strict liability, see section 6.1 of the Criminal Code.