Partnership Act 1958
113Director to be notified of winding up
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113 Director to be notified of winding up
(1) An incorporated limited partnership must lodge with the Director a notice of the commencement of the winding up of the partnership within 7 days after—
(a) the passing of a special resolution referred to in section 107(1)(b); or
(b) in any other case, the commencement of the winding up.
(2) An incorporated limited partnership must lodge with the Director a notice of the completion of the winding up of the partnership within 7 days after that completion, specifying the date on which the winding up was completed.
(3) The Director must, as soon as practicable after receiving a notice under subsection (1) or (2), record the receipt of the notice in the Register.
(4) If subsection (1) or (2) is not complied with, each general partner in the incorporated limited partnership is guilty of an offence and liable to a penalty not exceeding 10 penalty units.
S. 114 inserted by No. 99/2003 s. 4.