(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.