Once an unregistered foreign company becomes a Part 5.7 body by carrying on business in Australia, it remains amenable to winding up under Part 5.7 even after ceasing business here. A managed investment scheme may be 'operated in this jurisdiction' even where the pooling and investment of funds occurs offshore, if the marketing, canvassing of investors, and processing of payments occurs within Australia. The offering of shares by a foreign company may constitute carrying on business in Australia where the nature of the enterprise involves investing subscribed funds for the specific benefit of individual shareholders rather than merely raising capital.
The full text is available to signed-in members, including the 12 later cases that cite this judgment.
1 of the 12 citing cases carry a classified treatment. How each court treated it is available to signed-in members.