how do you make an object move away from its registration point

That would work but its not what I had in mind but thanks anyways :)

I will explain better....
In my game I have a character that is controlled by the arrow keys.
The left arrow key makes the character rotate left on the registration point.
The right arrow key makes the character rotate left on the registration point.
But I need it so the up arrow key moves the character farther away from the registration point.

I hope this makes more sense to what I am asking.

You can set a new x and/or y position on the stage, is that what you have in mind?