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CORPORATIONS ACT 2001

CHAPTER 2A - REGISTERING A COMPANY  

PART 2A.1 - WHAT COMPANIES CAN BE REGISTERED  

SECTION 115  RESTRICTIONS ON SIZE OF PARTNERSHIPS AND ASSOCIATIONS  

115(1)  [Restrictions]  


A person must not participate in the formation of a partnership or association that:


(a) has as an object gain for itself or for any of its members; and


(b) has more than 20 members;
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unless the partnership or association is incorporated or formed under an Australian law.

Note: For the effect of a contravention of this section, see section 103.

115(2)  [Regulations]  


The regulations may specify a higher number that is higher than the number specified in paragraph (1)(b) for the purposes of the application of that paragraph to a particular kind of partnership or association.

115(3)  [Strict liability offence]  

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An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.


 



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