THE CORPORATIONS LAW

CHAPTER 2A - REGISTERING A COMPANY

PART 2A.1 - WHAT COMPANIES CAN BE REGISTERED

SECTION 115   RESTRICTIONS ON SIZE OF PARTNERSHIPS AND ASSOCIATIONS  

115    A person must not participate in the formation of a partnership or association which has as an object gain for itself or for any of its members and which either:

(a)  has more than 20 members; or

(b)  has more than the number of members it is allowed to have under an application order made by the Minister under Part 1.3;

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.