81Definitions

81 Definitions

In this Part—

S. 81 def. of Director amended by No. 21/2012 s. 239(Sch. 6 item 34.2).

Director means Director within the meaning of the Australian Consumer Law and Fair Trading Act 2012;

firm-name, in relation to an incorporated limited partnership, means the name of the partnership as recorded in the Register;

general partner means a person admitted as a partner in an incorporated limited partnership in accordance with the partnership agreement and who is not a limited partner;

incorporated limited partnership means a partnership formed in accordance with this Part;

liability includes any debt, obligation or liability of any kind, wherever and however incurred;

limited partner means a person admitted as a partner in an incorporated limited partnership in accordance with the partnership agreement and whose liability for the liabilities of the partnership is limited in accordance with this Part;

limited partnership has the same meaning as in Part 3;

partner, in relation to an incorporated limited partnership, means a general partner or a limited partner;

person includes a partnership;

Register means the Register of Incorporated Limited Partnerships kept under this Part;

special resolution, in relation to the limited partners, means a resolution that has been passed by at least 75% of the limited partners.

S. 82 inserted by No. 99/2003 s. 4.