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Limited Partnerships Act 2008

General - Annual return

76: Annual return

You could also call this:

"You must send important information to the government every year, called an annual return."

Illustration for Limited Partnerships Act 2008

You have to send some information to the Registrar every year. This is called an annual return. You must fill out the form with the information required, which is listed in Schedule 2. The Registrar will tell you when to send the form. You have to sign the form, and it can be signed by a general partner, a lawyer, or a qualified statutory accountant. A qualified statutory accountant is someone who meets the requirements of section 5(1) of the Financial Reporting Act 2013. If you do not send the annual return, you can get a fine of up to $10,000.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139235.

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"Big limited partnerships can choose not to have their accounts checked if most partners agree."

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77: Registrar may alter register to conform with address contained in annual return, or

"The Registrar can update addresses on the list if they differ from your annual return."

Part 2General
Annual return

76Annual return

  1. The general partners of a limited partnership must ensure that there is delivered to the Registrar each year, for registration, during the month allocated to the limited partnership for the purpose, an annual return in the prescribed form that contains as much of the information specified in Schedule 2 as is prescribed.

  2. Repealed

  3. The annual return must be dated as at a day within the month during which the return is required to be delivered to the Registrar and the information required to be contained in it must be compiled as at that date.

  4. The annual return must be signed by a general partner of the limited partnership or by a lawyer or qualified statutory accountant (within the meaning of section 5(1) of the Financial Reporting Act 2013) authorised for that purpose.

  5. On registration of a limited partnership under this Act, the Registrar must allocate a month to the limited partnership for the purposes of this section.

  6. The Registrar may, by written notice to a limited partnership, alter the month allocated to the limited partnership under subsection (5).

  7. Notwithstanding subsection (1), a limited partnership need not make an annual return in the calendar year of its registration.

  8. For the purposes of this section, prescribed means prescribed by regulations made under this Act or by the Registrar by notice in the Gazette.

  9. If the general partners of a limited partnership fail to comply with subsection (1) or (2), every general partner of the limited partnership commits an offence and is liable on conviction to a fine not exceeding $10,000.

Compare
Notes
  • Section 76(1): amended, on , by section 13(1) of the Limited Partnerships Amendment Act 2014 (2014 No 47).
  • Section 76(2): repealed, on , by section 13(2) of the Limited Partnerships Amendment Act 2014 (2014 No 47).
  • Section 76(4): amended, on , by section 17 of the Financial Reporting Amendment Act 2014 (2014 No 64).
  • Section 76(9): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).