THE CORPORATIONS LAW

CHAPTER 10 - NATIONAL SCHEME PROVISIONS

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SECTION 1362A   RECOGNITION OF COMPANIES FROM OTHER JURISDICTIONS  

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1362A(1)  (Same legal personality)  

A company registered under the Corporations Law of another jurisdiction has in this jurisdiction the same legal personality, capacity, attributes, power and type as if it were a company registered under the Corporations Law of this jurisdiction. Its powers include the power to hold land in this jurisdiction.

1362A(2)  (No imposition of obligation)  

Subsection (1) does not impose on the company an obligation that it would not have if that subsection had not been enacted.

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