# Partnerships—sponsorship rights and obligations

> act-s140ZB — as in force on 2026-06-04 — C2026C00232 · Compilation No. 171 — https://www.legislation.gov.au/C2026C00232/latest/text

140ZB Partnerships—sponsorship rights and obligations
          (1) This Division, the regulations made under it and any other
              provision of this Act as far as it relates to this Division or the
              regulations, apply to a partnership as if it were a person, but with
              the changes set out in this section and sections 140ZC and 140ZD.
          (2) A sponsorship right that would otherwise be exercisable by the
              partnership is exercisable by each partner instead.
          (3) A sponsorship obligation that would otherwise be imposed on the
              partnership:
               (a) is imposed on each partner instead; but
               (b) may be discharged by any of the partners.
          (4) Subject to section 140ZC, the partners are jointly and severally
              liable to pay an amount in relation to a sponsorship obligation.