Corporations Act 2001
A foreign company may at any time appoint a person as a local agent. 601CF(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 .
[ CCH Note: S 601CF(2) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " The Registrar " for " ASIC " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
(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.