Ending an incorporated limited partnership
An incorporated limited partnership (ILP) may be wound up voluntarily either under the partnership agreement or, subject to the partnership agreement, by a special resolution of the limited partners (passed by at least 75 per cent of the limited partners).
The ILP must complete and lodge a notice of the commencement of the winding up of the partnership within 7 days after a special resolution is passed to wind up the partnership, otherwise the day on which winding up is commenced.