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Partnership Law Act 2019

The Partnership Law Act 2019 is the second revision Bill to be enacted. The Bill received Royal assent on 21 October 2019, and comes into force on 21 April 2020.

The Act re-enacted the Partnership Law Act 1908 in up-to-date language and drafting style without changing the substantive effect of the law. The 1908 Act will be repealed on 21 April 2020.

The Act brings forward the rules for (unincorporated) business partnerships that define a partnership, the rights and obligations between partners and with third parties, and the rules that apply when partnerships end. The new Act applies to all partnerships regardless of when they were formed.

Schedule 3 of the Act contains a comparative table of the old and the corresponding new provisions.

About the Partnership Law Bill

The Partnership Law Bill was introduced on 28 May 2019, following certification under section 33 of the Legislation Act 2012.

The related Cabinet paper "Partnership Law Bill: Approval for Introduction" was proactively released:

The PCO and the Ministry of Business, Innovation and Employment sought feedback on the Partnership Law Bill in a consultation that ran from 4 May to 15 June 2018.

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