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Limited Partnerships Act 2008
Preliminary provisions
3: Purpose of Act

Part 1:
Preliminary provisions

3Purpose of Act 4Interpretation 5Act binds the Crown

Part 2:
General

Part 3:
Overseas limited partnerships

104Overseas limited partnership must register 105Meaning of carrying on business 106Validity of transactions not affected 107Application for registration 108Registration of overseas limited partnership 109Use of name by overseas limited partnership 110Notification of changes relating to overseas limited partnership 111Rectification or correction of name or address of person authorised to accept service 112Annual return of overseas limited partnership 113Overseas limited partnership ceasing to carry on business in New Zealand 114Liquidation of overseas limited partnership

Part 4:
Miscellaneous

115Confidentiality of limited partner information 116Regulations 116AValidation of fees used to recover costs of other Companies Office registers, etc 117Part 2 of Partnership Act 1908 repealed 118Orders revoked 119Companies Act 1993 amended 120Privacy Act 1993 amended 121Other consequential amendments 122Transitional provision for special partnerships

Schedule 1:
Activities that do not constitute taking part in management of limited partnership

Schedule 2:
Information to be contained in annual return

Limited Partnerships Act 2008

Preliminary provisions

3: Purpose of Act

You could also call this:

"This law sets rules for a new type of business partnership in New Zealand."

Illustration for Limited Partnerships Act 2008

The purpose of this Act is to create a new set of rules for limited partnerships. You will have the option of using a flexible business structure that is recognised internationally, similar to what is used in other countries. This Act also aims to help the venture capital industry grow in New Zealand.

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This page was last updated on 30 August 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139109.

Topics:

Business > Starting a businessBusiness > Industry rules

2: Commencement, or

"When the Limited Partnerships Act 2008 starts to apply, as decided by the Governor-General."

4: Interpretation, or

"What special words mean in the Limited Partnerships Act 2008"

Part 1Preliminary provisions

3Purpose of Act

The purpose of this Act is to establish a modern regulatory regime for limited partnerships that—
gives the business community in New Zealand the option of a flexible and internationally recognised business structure similar to limited partnerships in use in overseas jurisdictions; and
facilitates the development of the venture capital industry in New Zealand.

Notes

Section 3: amended, on 21 April 2020, by section 86 of the Partnership Law Act 2019 (2019 No 53).