Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 2A.1.01

Size of partnerships or associations

             (1)  For paragraph 115(1)(b) of the Act, the number prescribed for a kind of partnership or association is the number specified in the following table for that kind of partnership or association:

 

Item

Kind of partnership or association

Number

1

(a) Actuaries, medical practitioners, patent attorneys, sharebrokers, stockbrokers or trademark attorneys

(b) Partnerships or associations of the kind specified in subregulation (2)

50

2

Architects, pharmaceutical chemists or veterinary surgeons

100

3

Legal practitioners

400

4

Accountants

1 000

             (2)  For paragraph (b) of item 1 of the table in subregulation (1), the partnership or association is one that:

                     (a)  has as its primary purpose collaborative scientific research; and

                     (b)  includes as members:

                              (i)  at least 1 university; and

                             (ii)  at least 1 private sector participant;

                            whether or not it also includes government agencies or publicly funded research bodies.

             (3)  In subregulation (2):

"private sector participant " means an entity that obtains the majority of its revenue from sources other than Commonwealth, State or Territory appropriations.

   



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