New South Wales Consolidated Acts

PARTNERSHIP ACT 1892 - SECT 67B

67B Interpretation of section 67A

(1) In section 67A--

(a) a reference to an associate of a general partner includes a reference to--

(i) if the general partner is a partnership, a partner in that partnership (a
"partner in the general partner" ), and

(ii) any person who has an interest in the general partner or in any partner in the general partner, whether as security holder, trustee, responsible entity, manager, custodian, sub-custodian, nominee, administrator, executor, legal personal representative, beneficiary or otherwise, and

(iii) any person to whom the general partner or any partner in the general partner has delegated any power, authority, right, duty or obligation of the general partner in relation to the partnership or any other partnership in which the general partner is general partner, and

(iv) if the general partner or a partner in the general partner or a person covered by subparagraph (ii) or (iii) is a body corporate, a related body corporate of that body corporate, and

(v) a director, officer, employee, agent, representative or security holder of the general partner or of any partner in the general partner or of a person covered by subparagraph (ii), (iii) or (iv), and

(b) a reference to an associate of a limited partner includes a reference to--

(i) if the limited partner is a partnership, a partner in that partnership (a
"partner in the limited partner" ), and

(ii) any person who has an interest in the limited partner or in any partner in the limited partner, whether as security holder, trustee, responsible entity, manager, custodian, sub-custodian, nominee, administrator, executor, legal personal representative, beneficiary or otherwise, and

(iii) if the limited partner or a partner in the limited partner or a person covered by subparagraph (ii) is a body corporate, a related body corporate of that body corporate, and

(iv) a director, officer, employee, agent, representative or security holder of the limited partner or of any partner in the limited partner or of a person covered by subparagraph (ii) or (iii), and

(c) a reference to an associate of an incorporated limited partnership includes a reference to--

(i) any person or partnership in which the incorporated limited partnership has an interest, whether as security holder or otherwise, and

(ii) if a person or partnership covered by subparagraph (i) is a body corporate, a related body corporate of that body corporate.

(2) In section 67A and this section, a reference to a general partner in an incorporated limited partnership includes, if the general partner is a partnership, a reference to a partner in that partnership.

(3) In section 67A and this section--

"related body corporate" has the same meaning given by section 9 of the Corporations Act 2001 of the Commonwealth.

"security holder" , in relation to a body (whether corporate or unincorporated) includes a holder of securities (within the meaning given by section 92 (3) of the Corporations Act 2001 of the Commonwealth) in or of the body.