Commonwealth Consolidated Acts

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Appointment of local agent

             (1)  A foreign company may at any time appoint a person as a local agent.

             (2)  ASIC must not register a foreign company under this Division unless the foreign company has at least one local agent in relation to whom the foreign company has complied with section 601CG.

             (3)  Where:

                     (a)  because a person ceased on a particular day to be a local agent of the foreign company, a registered foreign company has no local agent; and

                     (b)  the foreign company carries on business, or has a place of business, in this jurisdiction;

the foreign company must, within 21 days after that day, appoint a person as a local agent.

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