Ending an incorporated limited partnership

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Limited partnerships

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.

Similarly, the ILP must complete and lodge a notice of completion of the winding up of the partnership within 7 days of the day on which the winding up is complete. 

Specific forms are not required for these two notices of winding up.  ILPs may provide evidence of the commencement and completion of the winding up process in an appropriate form. 

Need a form?

Information on forms and fees are available from the fees and forms page. 

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