To voluntarily deregister a company, you must apply to ASIC. Approval is generally automatic.
ASIC batches up a large number of deregistration applications for publication in the Government Gazette. This can mean that the publication of the deregistered company’s name in the Gazette can take up to 2 months as ASIC waits for an acceptable number of companies.
The dissolution of the Company will be officially in effect 2 months after the company’s name is published in the Government Gazette.
Therefore, the total time it takes to deregister a company is normally about 5 months.
Companies no longer need to apply for deregistration to advertise their intention to deregister in a daily newspaper.
It is important to note that deregistering a company is no protection against possible creditor litigation. The Corporations Act permits an aggrieved creditor to sue a company without the need for its reinstatement.
To apply for voluntary deregistration, simply fill in our order form and submit it to us. We’ll be happy to help.