South Australian Consolidated Acts South Australian Consolidated Acts (1) If an industry
participant consists of the participants in a joint venture, the participants
are jointly and severally liable to the obligations under this Act.
(2) The participants
in the joint venture may from time to time give the regulator written notice
of a representative (who may—but need not be—a participant in the
joint venture) who is authorised to give and receive notices on their behalf.
(3) A notice given by
or to the authorised representative is taken to have been given by or to all
participants in the joint venture.
(4) If no
representative is currently nominated under this section, a notice given to
any one of the participants in the joint venture is taken to have been given
to all.
(5) A "joint venture"
includes a partnership.