Meaning of business affairs—partnership
A partnership’s business affairs include (without limitation): (a) the partnership’s promotion, formation, membership, control, examinable operations and examinable assets and liabilities; and (b) the partnership’s management and proceedings; and (c) any act done (including any contract made and any transaction entered into) by or on behalf of the partnership, or to or in relation to the partnership, at a time when the partnership is being wound up; and (d) matters concerned with ascertaining the corporations with which the partnership is or has been connected.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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