14Orders to relocate registered office or Member Register to the State

14 Orders to relocate registered office or Member Register to the State

14 Orders to relocate registered office or Member Register to the State

(1) The Minister may, by order served on a relevant company, instruct the company and its directors and other officers to take such steps as are necessary under the Corporations Act—

(a) to change the address of its registered office to a location that is within the territorial limits of the State within the period specified in the order, and

(b) to change the location where any Member Register of the company is kept to a location that is within the territorial limits of the State within the period specified in the order.

(2) A relevant company on which an order made under subsection (1) is served must comply with the order.

Maximum penalty—1,000 penalty units.

Note—

If a relevant company contravenes this subsection, section 67 operates to make each person who is a director of the company or who is concerned in the management of the company liable for the offence if the person knowingly authorised or permitted the contravention.