Australian Capital Territory Consolidated Acts

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PARTNERSHIP ACT 1963 - SECT 6

Meaning of partnership

    (1)     "Partnership" is the relation between people carrying on a business in common with a view of profit, and includes an incorporated limited partnership.

Note     Partnership includes an external partnership in some stated provisions in part 6 (Incorporated limited partnerships).

    (2)     The relation between members of a corporation (other than an incorporated limited partnership), whether formed or incorporated in or outside the ACT, is not a partnership under this Act.



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