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NORTHERN TERRITORY OF AUSTRALIA Partnership Amendment (Venture Capital Funds) Act 2006 ___ Act No. 9 of 2006 ___TABLE OF PROVISIONS Section 1. Short title 2. Commencement 3. Principal Act amended
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Section 9 partners power refers to the authority granted to partners in a partnership under Section 9 of the applicable tax or business regulations, allowing them to make decisions, manage funds, and act on behalf of the partnership.
Partners in a partnership that fall under the jurisdiction of Section 9 are typically required to file the partners power. This may include general partners and designated managing partners.
To fill out Section 9 partners power, partners must provide specific information such as their names, addresses, the partnership name, tax identification number, and details about their authority or powers within the partnership.
The purpose of Section 9 partners power is to formalize the authority of partners within a partnership, ensuring legal recognition of their powers to act on behalf of the partnership and for the benefit of all partners.
Information that must be reported includes partner names, addresses, partnership name, tax ID, description of powers, and any limitations on those powers.
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