Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 351

351. (1) A registered foreign company that has a share capital may cause a
branch register of members to be kept in Australia.

(2) Where a member of a registered foreign company is resident in Australia
and requests the foreign company in writing to register in a branch register
in Australia shares held by the member, then:

   (a)  if the foreign company already keeps a principal Australian
        register-the foreign company shall register in that register the
        shares held by the member; or

   (b)  otherwise-the foreign company shall, within 1 month after receiving
        the request:

        (i)    keep at its registered office or at some other place in
               Australia a branch register of members; and

        (ii)   register in that register the shares held by the member.

(3) Subsection (2) does not apply in relation to a foreign company whose
constitution prohibits any invitation to the public to subscribe for, and any
offer to the public to accept subscriptions for, shares in the foreign
company.

(4) Subject to this section, a registered foreign company that does not keep a
register under section 352 may discontinue its principal Australian register
and shall, if it does so, transfer all entries in that register to a register
of members kept outside Australia.

(5) Where shares held by a member of a registered foreign company who is
resident in Australia are registered in the foreign company's principal
Australian register, the foreign company shall not discontinue that register
without that member's written consent.