Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 601CG

Local agent: how appointed

(1) A foreign company that lodges a memorandum of appointment, or a power of attorney, that is duly executed by or on behalf of the foreign company and states the name and address of a person who is:

a natural person or a company; and

resident in this jurisdiction; and

authorised to accept on the foreign company's behalf service of process and notices;

is taken to appoint that person as a local agent.

(2) Where a memorandum of appointment, or a power of attorney, lodged under subsection (1) is executed on the foreign company's behalf, the foreign company must, unless it has already done so, lodge a copy, verified in writing in the prescribed form to be a true copy, of the document authorising the execution. (3) A copy lodged under subsection (2) is taken for all purposes to be the original of the document. (4) A foreign company that appoints a local agent must lodge a written statement that is in the prescribed form and is made by the local agent. (5) A person whom a foreign company appoints as a local agent is a local agent of the foreign company until the person:

ceases by virtue of section 601CH to be such a local agent; or

dies or ceases to exist.

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