Limited partnership LPAustralia
What it takes to form, own and run a limited partnership in Australia, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A limited partnership has at least one general partner and at least one limited partner.
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A limited partnership has at least one general partner and at least one limited partner.
The registry’s and the law’s own pages do not mention it.
The registry’s and the law’s own pages do not mention it.
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must lodge a partnership tax return with the Australian Taxation Office (ATO) every year.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the LP.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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A limited partnership has at least one general partner and at least one limited partner.
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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A limited partnership must keep in Victoria (at the place shown in the Register as the address of the registered office of the firm) an office to which all communications with the partnership may be addressed.
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the LP.
Important dates
When each obligation falls due, as the authority states it.
- Obtain an ABN and tax file number for the partnership
- Not in our records
With Australian Taxation Office
Not stated on business.gov.au/planning/business-structures-and-types/business-structures/partnership when checked
- Register for GST once annual turnover reaches $75,000
- Not in our records
With Australian Taxation Office
Not stated on business.gov.au/planning/business-structures-and-types/business-structures/partnership when checked
- Lodge a partnership tax return each year
- Not in our records
With Australian Taxation Office
Not stated on business.gov.au/planning/business-structures-and-types/business-structures/partnership when checked
What is public
Not in our records What the register shows the public is not in our records for the LP.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Varies · 25–30%
The ATO's 2025–26 company tax rates table (base rate entities 25%, otherwise 30%) states that it includes corporate limited partnerships; the page does not say which limited partnerships are corporate limited partnerships, so this applies only to those that are.
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must lodge a partnership tax return with the Australian Taxation Office (ATO) every year.
- CFC rules in Australia
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the LP.
Every business in Australia
GST
- Standard rate
- 10%
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Goods and services tax (GST) is a tax of 10% on most goods, services and other items sold or consumed in Australia.
- Other rates
- Not stated
- Registration threshold
- AUD 75,000 · about €46,960
GST turnover (business income excluding certain sales, not profit); A$150,000 for a non-profit organisation; year
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your business has a GST turnover of $75,000 or more
- Voluntary registration
- Yes
If GST turnover is below the A$75,000 threshold a business may choose to register; if it does, it must include GST in prices, claim GST credits and lodge activity statements.
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Otherwise, registration for GST is optional.
- A foreign company
- The same threshold applies
An overseas business must register for GST if its GST turnover from sales connected with Australia is A$75,000 or more; this applies to imported services, digital products and goods worth A$1,000 or less sold to consumers, and a business whose only sales go through an electronic distribution platform may not need to register. Whether a representative must be appointed is not stated on the pages read.
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You must register for GST if your overseas business has a GST turnover of A$75,000 or more from sales connected with Australia and made in the course of your business.
- Returns filed
- Depends on the business
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whether you’re completing a monthly or quarterly BAS.
- Tax authority
- Registration page read 2026-10-23
Payment and banking services
2 services name Australia on their own list: Airwallex, Stripe. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited partnershipDerived our grouping, the same words in every country
- Name in law
- Limited partnership (LP)
- ISO 20275 code
- J4JCSecondary GLEIF, Entity Legal Forms code list