Short Title and Interpretation Nature of Partnership Partner Relations to Other Persons Relations of Partners to One Another Dissolution of Partnership Limited Partnerships Limited Partnerships (2) Miscellaneous Licence Fees Fees Paid to the Registrar

The Partnership Act, 1996

SCHEDULE

(Section 87)

PART I

Licence Fees

(a) A limited partnership the name of which is on the Register on the 31st December in a year shall, before 30th April of the following year, pay to the Registrar an annual licence fee of $500.

(b) If a limited partnership fails to pay the annual licence fee under paragraph (a) by the date specified therein, the licence fee increases by 10 percent of that amount.

(c) If a limited partnership fails to pay the amount due as an increased licence fee under paragraph (b) by 31st July, then the licence fee increases by 25 percent of the licence fee specified in paragraph (a).

(d) If a limited partnership fails to pay the amount due as an increased licence fee under paragraph (c) by 31st October, then the licence fee increases by 50 percent of the licence fee specified in paragraph (a).