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Accounting and Corporate Regulatory Authority

Common offences for limited partnerships (LPs)

Learn about common offences and penalties under the Limited Partnerships Act 2008.

Last updated 3 February 2026

These Limited Partnerships Act 2008 requirements are often overlooked. Avoid these common offences, which can lead to penalties or enforcement action.

Requirements related to common offences

Requirement

Details

Registration of a change in particulars

General partners must update ACRA within 14 days of any changes to LP information. This includes changes to:

  • Appointed partners or managers.

  • Partner or manager details (except residential addresses).

  • Registered office address.

Otherwise, penalties for late lodgement apply.

Note: Former partners or local managers can file if they believe no general partner will do so.

More details: Section 18.

Cessation of business

General partners are responsible for notifying ACRA when the LP's status changes:

More details: Section 19.

Bankruptcy restriction for managers

Managers cannot be an undischarged bankrupt (unless approved by the High Court or Official Assignee).

Acting as an LP manager without approval may be an offence.

Penalty: Fine up to $10,000, imprisonment up to two years, or both.

More details: Section 29.