Queensland Consolidated Acts Queensland Consolidated Acts(1) A winding up of an incorporated limited partnership required on a certificate of the chief executive published under section 97(2)--
(a) must start--
(i) no later than the end of 28 days after the day on which the certificate is published unless an application is made under section 98(1); or
(ii) if an application is made under section 98(1) and the Supreme Court affirms the decision to publish the certificate--no later than 28 days after the application is decided; and
(b) must end by the day stated by the chief executive in a notice given to the partnership, not being a day earlier than 60 days after the day on which the winding up must be so started.
(2) When the winding up is started, the chief executive may appoint a person to be the liquidator of the incorporated limited partnership.
(3) If the chief executive approves, the liquidator may be a general partner in the incorporated limited partnership and need not be a registered liquidator under the Corporations Act or give security as required under that Act.
(4) The liquidator must publish notice of his or her appointment in the gazette within 10 days after being appointed.
(5) In relation to the winding up, the liquidator has all the powers and duties of a liquidator appointed to wind up a company under the Corporations Act.
(6) Any vacancy occurring in the office of liquidator is to be filled by a person appointed by the chief executive.
(7) The reasonable costs of a winding up required on a certificate of the chief executive published under section 97(2) are payable out of the property of the incorporated limited partnership.