CORPORATIONS LAW- SECT 1362B Transfer of registration

This legislation has been repealed.

CORPORATIONS LAW- SECT 1362B

(1)

A company registered under the Corporations Law of another jurisdiction may transfer its registration to become registered as a company under the Corporations Law of this jurisdiction if:

(a)

the transfer is in accordance with the regulations; and

(b)

both the Minister and the Minister for the jurisdiction in which the company is currently registered have consented to the transfer.

(2)

Registration under subsection (1) does not:

(a)

create a new legal entity; or

(b)

affect the company's existing property, rights or obligations; or

(c)

render defective any legal proceedings by or against the company and its members.

(3)

If a company becomes registered under section 1362B of the Corporations Law of another jurisdiction, it ceases to be registered as a company under the Corporations Law of this jurisdiction.