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05 Partnerships

 OVERVIEW

For the 2010-11 income year:

  • 369,999 partnerships lodged returns, a decrease of 3.2% from 2009–10
  • total net income or loss of $24.3 billion was reported by partnerships, a 25.6% increase from 2009–10
  • partnerships reported total business income of $150.3 billion, a 5.8% decrease from 2009–10
  • total partnership expenses were $130.6 billion, an 8.6% decrease from 2009–10.

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