What is a limited partnership? A limited partnership consists of at least one general partner and at least one limited partner. Normally the general partners have unlimited liability but the limited liability partners are limited to the capital amount they have invested. But what of the Commonwealth of Australia, we are led to believe the Commonwealth of Australia is the body politic, the representation of the Australian People... But why is the Commonwealth registered as partnership? Government agencies are registered for the purposes of Goods and Services Tax to provide services to the Australian people, but why is the Commonwealth not registered as Body Politic?
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