Queensland Consolidated Acts Queensland Consolidated Acts(1) Any contribution made by a limited partner in a limited partnership towards the discharge of liabilities of the firm must be in the form of money only.
(1A) Any contribution made by a limited partner in a limited partnership towards the discharge of liabilities of the firm made otherwise than in money must not be taken to reduce the limited partner's liability under section 53(1).
(2) If a limited partner in a limited partnership has paid contribution, whether or not towards the discharge of liabilities of the firm, and has drawn out or received back any part of the amount of the contribution, the amount so drawn out or received must be treated as part of the amount referred to in section 53(1) remaining unpaid.