THE CORPORATIONS LAW

CHAPTER 5B - BODIES CORPORATE REGISTERED AS COMPANIES, AND REGISTRABLE BODIES

PART 5B.2 - REGISTRABLE BODIES

Division 2 - Foreign companies

SECTION 601CG   LOCAL AGENT: HOW APPOINTED  

601CG(1)  [Manner of appointment]  

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)  a natural person or a company;

(b)  resident in Australia; and

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

shall be taken to appoint that person as a local agent.

601CG(2)  [Procedure where document executed on behalf of company]  

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 shall, 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.

601CG(3)  [Copy deemed to be original]  

A copy lodged under subsection (2) shall be deemed for all purposes to be the original of the document.

601CG(4)  [Statement by local agent]  

A foreign company that appoints a local agent shall lodge a written statement that is in the prescribed form and is made by the local agent.

601CG(5)  [Cessation of agency]  

A person whom a foreign company appoints as a local agent is a local agent of the foreign company until the person:

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

(b)  dies or ceases to exist.