Document ID: chunk:federal_register_of_legislation:C2008A00137:clause:1_18ne
Version: federal_register_of_legislation:C2008A00137
Segment Type: clause
Provision Reference: sch 1 cl 18NE
Character Range: 157530–158222

18NE  Where the applicant is a partnership

 (1) If the applicant is a partnership, this Part applies as if:
 (a) a reference to the applicant, other than in paragraph 18NC(1)(d), were a reference to each member of the partnership; and
 (b) the reference to the applicant in paragraph 18NC(1)(d) were a reference to any partner in the partnership.

 (2) If the Secretary grants a servicing licence to a partnership, the licence must state:
 (a) the names of all the partners; and
 (b) if the partnership has a registered business name, the registered business name.

 (3) Each of the partners named on the servicing licence is taken to be a servicing licensee for the purposes of this Act.