Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:11
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 11
Character Range: 67356–68351

11  Obligations of licensees—foreign entity must continue to have local agent
 (1) For paragraph 47(1)(m) of the Act, a foreign entity that:
 (a) is not a foreign company; and
 (b) is a licensee;
must meet the requirements in subregulation (2).
 (2) The foreign entity must:
 (a) at all times, have an agent who is:
 (i) an individual 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.