55Registration of limited partnership

55 Registration of limited partnership

S. 55(1) amended by No. 30/2003 s. 88(2).

(1) If an application for registration of a limited partnership has been made in accordance with section 54, the Director must register the limited partnership.

S. 55(2) amended by No. 30/2003 s. 88(2), substituted by No. 79/2011 s. 35(1).

(2) However, except with the consent of the Minister, the Director must not register a limited partnership if the Director is of the opinion that the firm-name—

(a) is undesirable;

(b) is likely to be confused with or mistaken for—

(i) a name under which another body is incorporated under the Associations Incorporation Act 1981; or

(ii) a business name registered to another body under the Business Names Registration Act 2011 of the Commonwealth; or

(iii) the firm-name of another body that is registered as a limited partnership or an incorporated limited partnership under this Act; or

S. 55(2)(b)(iv) amended by No. 9/2013 s. 42(Sch. 2 item 13).

(iv) the corporate name of another body that is registered as a co‑operative under the Co‑operatives National Law (Victoria); or

(v) a name that is reserved or registered under the Corporations Act for another body.

S. 55(3) amended by No. 30/2003 s. 88(2).

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

S. 56 inserted by No. 43/1992 s. 5.