Government seeks submissions on partnership law update

Attorney-General David Parker has announced that the government is seeking submissions on an update of the Partnership Act 1908.

Submissions are sought before the Partnership Law Bill, which aims to rewrite the Partnership Act 1908 in modem language and drafting style without changing the substantive effect of the law, is introduced into Parliament. Submissions are welcomed until 15 June.

“It is part of the government’s ongoing work to make New Zealand legislation more accessible and readable,” the attorney-general said. “This bill restates important rules that govern a business partnership, making them clearer and easier for the public to understand and apply. Rules in the Partnership Law Bill cover, for example, the rights and obligations of partners to each other and to third parties.”