Plain language law

New Zealand law explained for everyone

Limited Partnerships Act 2008

Overseas limited partnerships

112: Annual return of overseas limited partnership

You could also call this:

"Tell the government about your overseas business each year"

Illustration for Limited Partnerships Act 2008

If you have an overseas limited partnership that does business in New Zealand, you must send the Registrar an annual return every year. The annual return is a form that confirms the information about your overseas limited partnership on the register is correct. You need to send this form to the Registrar during the month they allocate to you.

The Registrar will give you a specific month to send the annual return, and you must date the return as at a day within that month. The Registrar can change the month they allocated to you by sending you a written notice. If you are a new overseas limited partnership, you do not need to send an annual return in the year you register.

If you fail to send the annual return or do not date it correctly, you can get a fine of up to $10,000. Every general partner of the overseas limited partnership can also get a fine of up to $10,000 if you fail to comply. You can find more information by looking at s 340.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1139282.

Topics:
Business > Starting a businessBusiness > Industry rules
Previous

111: Rectification or correction of name or address of person authorised to accept service, or

"Fixing mistakes in the name or address of the person who gets documents for an overseas limited partnership in New Zealand"

Next

113: Overseas limited partnership ceasing to carry on business in New Zealand, or

"What happens when an overseas business stops operating in New Zealand"

Part 3Overseas limited partnerships

112Annual return of overseas limited partnership

  1. Every overseas limited partnership that carries on business in New Zealand must ensure that the Registrar receives each year, during the month allocated to the overseas limited partnership for the purposes of this section, an annual return in the prescribed form confirming that the information on the overseas limited partnership register in respect of the overseas limited partnership referred to in the return is correct at the date of the return.

  2. The annual return must be dated as at a day within the month during which the return is required to be received by the Registrar.

  3. On registration of an overseas limited partnership under this Part, the Registrar must allocate a month to the overseas limited partnership for the purposes of this section.

  4. The Registrar may, by written notice to an overseas limited partnership, alter the month allocated to the overseas limited partnership under subsection (3).

  5. Notwithstanding subsection (1), an overseas limited partnership need not make an annual return in the calendar year of its registration under this Part.

  6. If an overseas limited partnership fails to comply with subsection (1) or (2),—

  7. the overseas limited partnership commits an offence and is liable on conviction to a fine not exceeding $10,000; and
    1. every general partner of the overseas limited partnership commits an offence and is liable on conviction to a fine not exceeding $10,000.

      Compare
      Notes
      • Section 112(6)(a): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).
      • Section 112(6)(b): amended, on , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).