About the Deregistration of a Company

Why deregister your company?
You may choose to deregister your company for one or more of the following reasons:

(a) The company’s business has ceased trading;
(b) The company is dormant and has possibly never carried on business;
(c) You have changed he trustee of your Self Managed Superannuation Fund from the company to an individual(s); and / or
(d) You just no longer require the company any more.

Please note that whilst these are the most common reasons, this is not an exhaustive list of the reasons for deregistering a company.

Who can deregister a company?
A company can only be deregistered by a director or a member of the company.

When can a company be deregistered?
You can only deregister a company if all of these requirements are met:

(a) All members of the company agree to deregister;
(b) The company is not carrying on a business;
(c) The company’s assets are worth less than $1,000;
(d) The company has no outstanding liabilities;
(e) The company is not a party to any legal proceedings; and
(f) The company has paid all fees and penalties payable under the Corporations Act 2001.

How do I deregister my company?

1. Build the deregistration application document at LawCentral.
2. Print out the document.
3. Sign the document.
4. Just take the document to your local ASIC office or post it in.
5. Give ASIC $33 and they will notify you in due course once your application has been approved.
6. That's it.

At LawCentral you get the document you need to deregister your company.