7Law applied in place of incorporation applicable law in determining questions relating to status of foreign corporation etc.

#### 7 Law applied in place of incorporation applicable law in determining questions relating to status of foreign corporation etc. (1) The section applies in relation to the determination of a question arising under Australian law (including a question arising in a proceeding in an Australian court) where it is necessary to determine the question by reference to a system of law other than Australian law. (2) Any question relating to whether a body or person has been validly incorporated in a place outside Australia is to be determined by reference to the law applied by the people in that place. (3) Any question relating to: (a) the status of a foreign corporation (including its identity as a legal entity and its legal capacity and powers); or (b) the membership of a foreign corporation; or (c) the shareholders of a foreign corporation having a share capital; or (d) the officers of a foreign corporation; or (e) the rights and liabilities of the members or officers of a foreign corporation, or the shareholders of a foreign corporation having a share capital, in relation to the corporation; or (f) the existence, nature or extent of any other interest in a foreign corporation; or (g) the internal management and proceedings of a foreign corporation; or (h) the validity of a foreign corporation’s dealings otherwise than with outsiders; is to be determined by reference to the law applied by the people in the place in which the foreign corporation was incorporated. (4) A matter mentioned in subsection (2) or (3) is not to be taken, by implication, to limit any other matter mentioned in those subsections.