Partnership Law Act 2019
Summary of changes
These summaries explain recent changes to the law. They are generated by AI comparing versions of the legislation, so they might oversimplify, miss details, or get things wrong. Learn more about how we track these changes.
3 October 2025
- The interest rate for partnership entitlements and outgoing partner's share of assets has been amended to be calculated in accordance with Schedule 2 of the Interest on Money Claims Act 2016
- Transitional provisions have been added to Schedule 1 to address the calculation of interest under former sections 47 and 79 for pre-commencement payments or partnerships
Affected provisions
- 1: Transitional, savings, and related provisionsTransitional provisions have been added to Schedule 1 to address the calculation of interest under former sections 47 and 79 for pre-commencement payments or partnerships
- 47: Entitlement to interestThe interest rate for partnership entitlements and outgoing partner's share of assets has been amended to be calculated in accordance with Schedule 2 of the Interest on Money Claims Act 2016
- 79: Right of outgoing partner or partner’s estate to share profits or obtain interestThe interest rate for partnership entitlements and outgoing partner's share of assets has been amended to be calculated in accordance with Schedule 2 of the Interest on Money Claims Act 2016