55Registration of limited partnership

55 Registration of limited partnership

55 Registration of limited partnership

(1) If an application for registration of a limited partnership or incorporated limited partnership has been duly made, the Registrar is to register the limited partnership or incorporated limited partnership.

(2) However, the limited partnership or incorporated limited partnership is not to be registered if the Registrar is of the opinion that the firm-name would not be eligible for registration as a business name under the Business Names Registration Act 2011 of the Commonwealth.

(2A) If the Registrar registers a limited partnership or an incorporated limited partnership, the firm-name of the partnership is its name as recorded in the Register.

(2B) On registration of a limited partnership as an incorporated limited partnership, the limited partnership ceases to be a limited partnership and the Registrar is to record the cancellation of its registration in the Register. However any liability of the firm or a partner in it that arose before its registration as an incorporated limited partnership is to be dealt with as if it were still a limited partnership.

(3) Registration is effected by recording in the Register the particulars in the statement lodged with the Registrar.

s 55: Ins 1991 No 48, Sch 1. Am 2002 No 97, Sch 1.8 [2]; 2004 No 8, Sch 1 [64]–[67]; 2004 No 91, Sch 2.63; 2011 No 44, Sch 3.14 [2].