Responsibilities of a limited partnership
Once registered, a limited partnership have certain ongoing obligations related to conducting business.
The partnership must:
Ending a limited partnership
How to end a limited partnership depends on the type of partnership you are in.
Ending a limited partnership
There are three ways to end a limited partnership:
Change a limited partnership
If the partnership makes any of the changes in the following list, it must complete and lodge the Notice of Change in Registered Particulars form for either the limited partnership, within seven days.
Business partnerships
A commercial partnership comprises two or more people who jointly carry on business with a view to making a profit. Partnerships can be general partnerships, limited partnerships or incorporated limited partnerships.
Limited partnerships or incorporated limited partnerships in Western Australia must be registered under the Limited Partnerships Act 2016 (WA) with the Commissioner for Consumer Protection.
Fees and forms for limited partnerships
Limited partnerships and incorporate limited partnerships in Western Australia must be registered with Consumer Protection.
The table below lists what information you can access from the register, the form and fee (If any).
Fees are subject to annual review and may change without notice.
Form | Fees All amounts are GST exempt | Fees All amounts are GST exempt |
|---|
Furniture and television stability
Children have been seriously injured or killed from furniture falling on them. Furniture and televisions can fall if a child climbs or pulls on it. This includes:
- bookcases
- chests of drawers and wardrobes
- cabinets
- entertainment units
- televisions
- hall tables, buffets and sideboards.
How to prevent furniture from tipping over
The best way to stop furniture from tipping is by anchoring it to the wall.
Application to appoint an auditor for motor vehicle dealers selling on consignment
Dealers are required to appoint a Registered Company Auditor, approved by the Commissioner, at the time of opening a Consignment Trust Account and notify the Commissioner of the Auditors details.
If you are motor vehicle dealer and have opened a trust account, please email us with details of your auditor and attach the form.
Landgate conveyancing industry group: Settlement agents bulletin issue 63 (January 2017)
12 January 2017
From 2017 the Commonwealth Government is introducing new reporting requirements in relation to real estate property transfers in Western Australia.
Landgate, the lead agency involved in the introduction of the new reporting requirements, will be developing a portal to allow for the input of the data.
This provides an opportunity for some re-design of the front end of the Electronic Advice of Sale (EAS) system.
Trust account audit due early 2017 - Real estate bulletin issue 131 (January 2017)
3 January 2017
Don’t leave it to the last minute to organise your annual trust account audit.
By law all real estate agents (agents) who have held or received monies in trust are required to submit an annual audit report.
The annual audit report for the year ending 31 December 2016 must be submitted to the Commissioner for Consumer Protection (the Commissioner) by 5pm on 31 March 2017.
Kick start 2017 by getting your CPD points early! - Real estate bulletin issue 130 (December 2016)
22 December
Compulsory Professional Development (CPD) is a legal requirement for all licensed real estate agents and business brokers, as well as all registered real estate sales representatives and property managers. Failure to complete your CPD requirements could result in your triennial certificate or registration not being renewed.
There is an important change to the 2017 CPD program with licensees and sales representatives able to select the most appropriate mandatory course relevant to their business activity.