65Powers of partnership

65 Powers of partnership (1) An incorporated limited partnership has the legal capacity and powers of an individual and also all the powers of a corporation, including, for example, power (whether within or outside the ACT or outside Australia) to— (a) carry on the partnership’s business; and (b) enter into contracts or otherwise acquire rights or liabilities; and (c) create, confer, vary or cancel interests in the partnership; and (d) acquire, hold and dispose of property; and (e) appoint agents and attorneys, and act as agent for other people; and (f) form, and participate in the formation of, companies or incorporated limited partnerships; and

Division 6.4 Powers of incorporated limited partnerships (g) participate in partnerships (including external partnerships), trusts, joint ventures, other associations and other arrangements for the sharing of profits; and (h) do anything else it is authorised to do under this part or the (2) The powers of an incorporated limited partnership may be limited by the partnership agreement.