Notifying ACRA of partner or manager resignation
You can notify ACRA directly if you resign as a partner or manager, and your general partner has not notified ACRA on your behalf.
When to notify
Limited partnerships (LPs) must update LP information within 14 days if a partner or manager resigns.
Otherwise, there might be a penalty for late filing.
How to notify ACRA
If you resigned as a general partner, limited partner, or manager, you can notify ACRA by filing a Notice of Cessation.
Before you file
Notice of Cessation
What you need to know | Details |
|---|---|
Required information | You need to prepare:
|
Fee | Free |
Processing time | Within 20 working days. We will notify you if additional time is needed. |
How to file a Notice of Cessation
After you file
This notification only updates your resignation with ACRA. It does not affect any contracts or obligations you have with the partnership or other partners.
Processing time and notification status
What to expect | Details |
|---|---|
Wait for a response | Applications that meet the requirements will be processed in accordance with our standard procedures and may be approved immediately. Applications requiring further review will be processed within 20 working days. We will notify you if additional time is needed. |
Check the notification status | You can check your status through:
More details: Checking alerts & notifications from ACRA |
