Northern Territory Consolidated Acts

PARTNERSHIP ACT

TABLE OF PROVISIONS

           Long Title

   PART 1 - PRELIMINARY

   1.      Short title
   2.      Commencement
   3.      Definitions
   4.      Equity and common law

   PART 2 - PARTNERSHIPS GENERALLY

           Division 1 - Nature of Partnerships

   5.      Partnership 6. Determining existence of partnership other than incorporated limited partnership
   7.      Postponement of rights of person lending or selling in case of bankruptcy
   8.      Firm and firm name

           Division 2 - Relationship of Partners to Persons Dealing with Them

   9.      Partner's power to bind firm
   10.     Partner acting for firm
   11.     Partner using firm's credit
   12.     Effect of notice of agreement that firm not bound
   13.     Liability of partner
   14.     Liability for loss, injury or penalty
   15.     Liability for misapplication of property
   16.     Joint and several liabilities for wrongs
   17.     Misuse of trust property
   18.     Representation as partner
   19.     Representations about firm's affairs
   20.     Notice to acting partner is notice to firm
   21.     Liabilities of incoming and outgoing partners
   22.     Revocation of continuing guarantee

           Division 3 - Relationship Between Partners

   23.     Variation by consent of terms of partnership
   24.     Partnership property
   25.     Property bought with partnership money
   26.     Personal estate held as partnership property
   27.     Procedure against partnership property for partner's separate judgment debt
   28.     Rules about interests and duties of partners
   29.     Expulsion of partner
   30.     Retirement from partnership
   31.     Continuance of partnership on old terms
   32.     Duty of partner to give information
   33.     Accountability of partners for private profits
   34.     Duty of partner not to compete with firm
   35.     Rights of assignee of share in partnership

           Division 4 - Dissolution of Partnership

   35A.    Application
   36.     Dissolution by expiration or notice
   37.     Dissolution by death, bankruptcy or charge
   38.     Dissolution by illegality of partnership
   39.     Dissolution by Court
   40.     Rights of persons dealing with firm against apparent members of firm
   41.     Right of partners to notify dissolution
   42.     Continuing authority of partners for purposes of winding up
   43.     Rights of partners as to application of partnership property
   44.     Apportionment of premium where partnership prematurely dissolved
   45.     Rights where partnership dissolved for fraud or misrepresentation
   46.     Share of profits made after dissolution
   47.     Retiring or deceased partner's share to be debt
   48.     Rule for distribution of assets on final settlement of accounts

           Part 3 - Incorporated Limited Partnerships

           Division 1 - Preliminary matters

   49.     Object
   50.     Application

           Division 2 - Formation of incorporated limited partnerships

   51.     Formation
   52.     Nature of incorporated limited partnership
   53.     Requirements about partners
   54.     Partnership agreement
   55.     Who may apply for registration
   56.     Application for registration
   57.     Registration
   58.     Register
   59.     Changes of registered information
   60.     Certificate of registration
   61.     Registration under Business Names Act not required
   62.     Preparatory acts do not create partnership

           Division 3 - Powers and liabilities of partnership

   63.     Powers of partnership
   64.     Relationship between partners
   65.     Liability of limited partners
   66.     Limited partners not to take part in management
   67.     Circumstances in which limited partner not regarded as taking part in management
   68.     Associates
   69.     Difference between partners
   70.     Change in partners
   71.     Change in status of partners
   72.     Liability arising outside Territory
   73.     Corresponding laws
   74.     Partnership formed under corresponding laws
   75.     Effect of sections 72 and 74

           Division 4 - Winding up

   76.     Assets
   77.     Voluntary winding up
   78.     Winding up on certificate
   79.     Review of certificate
   80.     Procedure for winding up on certificate
   81.     Distribution of assets
   82.     Application of Corporations Act 2001
   83.     Obligation to inform Commissioner
   84.     Cancellation of registration

           Division 5 - Other matters

   85.     Seal and execution of documents
   86.     Entitlement to make assumptions
   87.     Assumptions
   88.     Identification of partnership
   89.     Registered office
   90.     Display of certificate of registration
   91.     Obligations to notify Commissioner
   92.     Service of documents
   93.     Entry in register constitutes notice
   94.     Commissioner may require provision of information
   95.     Offences by partnerships
   96.     Relationship with Corporations legislation

           Part 4 - Administration

   97.     Secrecy
   98.     Approved forms
   99.     Regulations

           Part 5 - Transitional matters for Partnership Act 1997

   100.    Repeal
   101.    Savings
           Endnotes