Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

CORPORATIONS ACT 2001 No. 50, 2001 - SECT 601AA


Who may apply for deregistration

(1) An application to deregister a company may be lodged with ASIC by:

the company; or

a director or member of the company; or

a liquidator of the company.

If the company lodges the application, it must nominate a person to be given notice of the deregistration.

Circumstances in which application can be made

(2) A person may apply only if:

all the members of the company agree to the deregistration; and

the company is not carrying on business; and

the company's assets are worth less than $1,000; and

the company has paid all fees and penalties payable under this Act; and

the company has no outstanding liabilities; and

the company is not a party to any legal proceedings.

ASIC may ask for information about officers

(3) The applicant must give ASIC any information that ASIC requests about the current and former officers of the company.

Deregistration procedure

(4) If ASIC is not aware of any failure to comply with subsections (1) to (3), it must give notice of the proposed deregistration:

on ASIC database; and

in the Gazette .

When 2 months have passed since the Gazette notice, ASIC may deregister the company.

(5) ASIC must give notice of the deregistration to:

the applicant; or

the person nominated in the application to be given the notice.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback