Queensland Consolidated Acts Queensland Consolidated Acts(1) In this section--
corresponding law means a law of another State, a Territory or a foreign country that is declared by regulation to be a corresponding law for the purposes of this chapter.
limited partner, in a recognised limited partnership, means a partner in the partnership whose liability is limited under the corresponding law applying to the partnership.
recognised limited partnership means a partnership formed under a corresponding law.
(2) A limitation under a corresponding law on the liability of a limited partner in a recognised limited partnership extends to any liability incurred in connection with the conduct of the partnership's business in this State.
(3) The law of another State or a Territory may be declared to be a corresponding law only if the Governor in Council is satisfied--
(a) that the law is similar to this chapter; and
(b) that under the law the limitation of liability of limited partners in a limited partnership formed under this chapter extends to any liability incurred in connection with the conduct of the partnership's business in the State or Territory.
(4) The law of a foreign country may be declared to be a corresponding law only if the Governor in Council is satisfied that the law provides for the limitation of liability for partners or certain partners in certain partnerships.