Section 53AC — Corporations Act 2001: Meaning of business affairs—partnership

A partnership’s business affairs include (without limitation): (a) the partnership’s promotion, formation, membership, control, examinable operations and examinable assets and liabilities; and (b) the partnership’s management and proceedings; and (c) any act done (including any contract made and any transaction entered into) by or on behalf of the partnership, or to or in relation to the partnership, at a time when the partnership is being wound up; and (d) matters concerned with ascertaining the corporations with which the partnership is or has been connected.