THE CORPORATIONS LAW

CHAPTER 10 - NATIONAL SCHEME PROVISIONS

SECTION 1362B   TRANSFER OF REGISTRATION  

1362B(1)  [Company may transfer its registration]  

A company registered under the Corporations Law of another jurisdiction may transfer its registration to become registered as a company under the Corporations Law of this jurisdiction if:

(a)  the transfer is in accordance with the regulations; and

(b)  both the Minister and the Minister for the jurisdiction in which the company is currently registered have consented to the transfer.

1362B(2)  [Registration does not etc]  

Registration under subsection (1) does not:

(a)  create a new legal entity; or

(b)  affect the company's existing property, rights or obligations; or

(c)  render defective any legal proceedings by or against the company and its members.

1362B(3)  [Cessation of registration]  

If a company becomes registered under section 1362B of the Corporations Law of another jurisdiction, it ceases to be registered as a company under the Corporations Law of this jurisdiction.