Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1048

1048. (1) A corporation may keep in any place inside or outside Australia a
branch register of holders of debentures.

(2) A branch register kept by a corporation shall be deemed to be part of the
register of holders of debentures kept by that corporation.

(3) A branch register shall be kept in the same manner as that in which the
principal register is required to be kept.

(4) A corporation shall send to the place at which its principal register is
kept a copy of every entry in a branch register within 28 days after the entry
is made, and shall keep at that place, duly entered up from time to time, a
duplicate of its branch register, and the duplicate branch register shall, for
the purposes of this Act, be deemed to be part of the principal register.

(5) Subject to the provisions of this section with respect to the duplicate
branch register, the debentures registered in a branch register shall be
distinguished from the debentures registered in the principal register, and no
transaction with respect to any debentures registered in a branch register
shall, during the continuance of that registration, be registered in any other
register.

(6) A corporation may discontinue a branch register and thereupon the
corporation shall transfer all entries in that register to some other branch
register kept by the corporation in the same State or Territory or, if there
is no other branch register kept by the corporation in that State or
Territory, to the principal register.

(7) A branch register is prima facie evidence of any matters that are by this
section authorised to be inserted in that register.

(8) In this section:

"branch register", in relation to a corporation, means a branch register of
holders of debentures issued by the corporation that is kept under this
section; "debenture" has the same meaning as in section 1047;

"principal register", in relation to a corporation, means the register of
holders of debentures issued by the corporation that is kept under section 
1047.