CORPORATIONS ACT 2001

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; and


(b) resident in this jurisdiction; and


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

is 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 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.

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

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

601CG(4)   [ Statement by local agent]  

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.

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.


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