Limited liability partnership and NPP: Difference between pages

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imported>Doug Williamson
(Link with PSC page.)
 
imported>Doug Williamson
(Create page. Source: The Treasurer, July 2017, p11.)
 
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(LLP).  
New Payments Platform.


A limited liability partnership shares many of the features of an unlimited partnership - but it also offers reduced personal responsibility to the partners for the business debts of the partnership. 
An Australian process under development for electronic payments to be made via the internet or phone,and to be processed in hours rather than days.  
 
Unlike an unlimited partnership, the LLP itself is responsible for any debts that it runs up, not the individual partners.
 
LLPs were first allowed in law in the UK under the Limited Liability Partnerships Act 2000.




== See also ==
== See also ==
* [[Limited liability]]
* [[Australia]]
* [[Partnership]]
* [[Faster Payments Service]]
* [[PSC]]
* [[Reporting on Payment Practices and Performance Regulations]]
 
[[Category:Compliance_and_audit]]

Revision as of 19:56, 19 July 2017

New Payments Platform.

An Australian process under development for electronic payments to be made via the internet or phone,and to be processed in hours rather than days.


See also