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CORPORATIONS ACT 2001 - SECT 601CH Local agent: how removed

CORPORATIONS ACT 2001 - SECT 601CH

Local agent: how removed

  (1)   Where a person is a local agent of a foreign company, the foreign company or the person may lodge a written notice stating that the person's appointment as a local agent has terminated, or will terminate, on a specified day.

  (2)   Where a notice is lodged under subsection   (1), the person ceases to be a local agent of the foreign company at the end of:

  (a)   the period of 21 days beginning on the day of lodgment; or

  (b)   the day specified in the notice;

whichever is the later.

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