(1) For paragraph 912A(1)(j) of the Act, a foreign entity that:
(a) is not a foreign company; and
(b) is a financial services licensee ;
must meet the requirements in subregulation (2).
(2) The foreign entity must:
(a) at all times, have an agent who is:
(i) a natural person or a company; and
(ii) resident in this jurisdiction; and
(iii) authorised to accept, on the foreign entity's behalf, service of process and notices; and
(b) notify ASIC of any change to:
(i) the agent; or
(ii) the name or address of the agent;
not later than 1 month after the change; and
(c) make arrangements that ensure that ASIC may treat a document as being served on the foreign entity by leaving it at, or by sending it by post to:
(i) an address of the agent that has been notified to ASIC; or
(ii) if a notice or notices of a change or alteration to that address has or have been given to ASIC--the address shown in the most recent notice.