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Thursday, 5 December 1985
Page: 2993

Senator WATSON(11.23) —I support the comments made by Senator Michael Baume because in recent years partnership law has extended quite considerably the number of partners that may legally join a partnership. Previously there was a restriction of about 20, but now the permitted number has been lifted. Given the increased size, it seems fairly discretionary that the word `company' has been selected and has been interpreted in a legal sense rather than in a generic sense. I ask the Minister to give consideration to including significant partnerships under this definition.