Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.6.03B

         (1)   For paragraph 912A (1) (j) of the Act, a foreign entity that:

                (a)    is not a foreign company; and

               (b)    is a financial services licensee ;

must meet the requirements in subregulation (2).

         (2)   The foreign entity must:

                (a)    at all times, have an agent who is:

                          (i)    a natural person or a company; and

                         (ii)    resident in this jurisdiction; and

                        (iii)    authorised to accept, on the foreign entity's behalf, service of process and notices; and

               (b)    notify ASIC of any change to:

                          (i)    the agent; or

                         (ii)    the name or address of the agent;

                        not later than 1 month after the change; and

                (c)    make arrangements that ensure that ASIC may treat a document as being served on the foreign entity by leaving it at, or by sending it by post to:

                          (i)    an address of the agent that has been notified to ASIC; or

                         (ii)    if a notice or notices of a change or alteration to that address has or have been given to ASIC -- the address shown in the most recent notice.