Closing down your company

Deregistration
Deregistered companies
Reinstating a deregistered company

Deregistration

Voluntary deregistration	You can apply to deregister a company if it meets all of these requirements: all members of the company agree to deregister the company is not carrying on business the company’s assets are worth less than $1000 the company has no outstanding liabilities the company is not a party to any legal proceedings the company has paid all fees and penalties payable under the Corporations Act 2001. Use Form 6010 Application for voluntary deregistration of a company More information
Winding up a solvent company	This is a procedure for solvent companies initiated by the company’s members and involves: the orderly winding-up of the company’s affairs the appointment of a liquidator to manage the process of realising the company’s assets ceasing or sale of its operations payment of its debts (if any) and distribution of surplus assets (if any) among its members. More information
ASIC-initiated deregistration	Generally, we can initiate deregistration when a company: has not paid its annual review fee for at least 12 months after the payment due date has not responded to a Company compliance notice (return of particulars) at least 6 months after the response was required, has not lodged any other document in the last 18 months and we have no reason to believe the company is carrying on business, or has not lodged its 2002 annual return, has not lodged any other document in the last 18 months and we have no reason to believe the company is carrying on business. More information
Insolvency	Insolvency information for directors, employees, creditors and shareholders

Deregistered companies

Upon deregistration of a company it ceases to exist as a legal entity and all of its outstanding property interests vest in ASIC.

What happens to assets of a deregistered company?

Sale of assets of a deregistered company

All inquiries in relation to deregistered companies should be made to:

Property Law Group

Australian Securities and Investments Commission

P O Box 9827 Brisbane QLD 4001

DX 322 Brisbane

Reinstating a deregistered company

When a company becomes deregistered, it is no longer recorded on our register as a registered company and is therefore unable to trade or take any action as a body corporate.

Reinstatement returns the company to registered status as if it were never deregistered.

More information on how to reinstate a company.

ASIC Website: Printed 02/10/2010

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Closing down your company

Deregistration

Voluntary deregistration

Winding up a solvent company

ASIC-initiated deregistration

Insolvency

Deregistered companies

Reinstating a deregistered company