11Local agents of foreign service providers

11 Local agents of foreign service providers

11 Local agents of foreign service providers

(1) This section applies if—

(a) a service provider is a foreign company; and

(b) the service provider has, under the Corporations Act 2001 of the Commonwealth, appointed a local agent within the meaning of that Act.

(2) The local agent—

(a) is answerable for the doing of all acts, matters and things the service provider is required by or under this Law to do; and

(b) is personally liable to a penalty imposed on the service provider for a breach of a provision of this Law or the Rules if a court hearing the matter is satisfied that the local agent should be so liable.