87Treatment of partnerships

87 Treatment of partnerships

The superannuation accounts law applies to a partnership as if the partnership were a person, but it applies with the following changes: (a) obligations that would be imposed on the partnership are imposed instead on each partner, but may be discharged by any of the partners; (b) any offence against the superannuation accounts law that would otherwise be committed by the partnership is taken to have been committed by each partner who: (i) aided, abetted, counselled or procured the relevant act or omission; or (ii) was in any way knowingly concerned in, or party to, the relevant act or omission (whether directly or indirectly and whether by any act or omission of the partner).

Note: Superannuation accounts law is defined by section 4.