Document ID: chunk:federal_register_of_legislation:C2025C00185:section:115
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 115
Character Range: 446854–447624

115  Restrictions on size of partnerships and associations
 (1) 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;
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.
 (2) 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.
 (3) An offence based on subsection (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.