For us to accept your application, you need to fulfil these requirements: 1. If the company holds an Australian Financial Services Licence (AFSL) or an Australian Credit Licence (ACL), they should be cancelled first. Read more about voluntary deregistration. See full list on asic. This involves resolving outstanding affairs including: 1. Unless you refinance the company and make it solvent, you will need to consider voluntary administration or liquidation. ASIC may deregister a company if we believe the company has ceased trading or has outstanding fees and penalties.
Company compliance notice or 3. A third party (e.g. another company) can apply to ASIC to defer deregistration of a company if they are conducting, or plan to conduct, legal proceedings against the company. Reserving a company name. Late payment fee for up to one month late. Application for voluntary deregistration of a company.
It costs $ to apply for voluntary deregistration. You must include the application fee when you lodge your application. Does GST apply to ASIC fees? What does ASIC deregister mean? If submitting your application online, you’ll need to pay any other outstanding ASIC fees before you can submit your application.
The application fee itself will be invoiced after submission and needs to be paid within days, otherwise your application will lapse and you will need to re-apply. How to apply for voluntary deregistration Download the full guide (including screenshots) in PDF (741KB) Complete this transaction when you wish to deregister the company. Effects of deregistration A company may be deregistered after it is closed down (e.g. voluntary deregistration ), liquidated (by the members, court or creditors) or struck off the register of companies by ASIC (e.g. for outstanding annual review fees ). Fees for Voluntary Deregistration The application fee to ASIC is only $To help you reach the stage where your company qualifies for a voluntary deregistration , Dissolve offers professional services where professional attention is needed to in getting your company to the required stage at a low fee. Voluntary deregistration is the simplest and cheapest way to close down your company so that you do not have to continue your obligations as an officeholder. GST) – Cleardocs fee of $60.
The master documents are written in plain language and are signed-off by our lawyers at Maddocks. It is crucial to ensure that you do not have outstanding payments due to ASIC , such as annual review fees, as these will restrict deregistration from occurring. Accordingly, after two months, ASIC deregisters the company and writes a confirmation letter to the directors.
ASIC is quite active in initiating the deregistration of companies. Strike off” refers to the removal of the company name from the company register, resulting in its dissolution. Make sure you apply for deregistration at least two weeks before your annual review fee due date. When a company lodges an application to voluntarily deregister, ASIC will publish a notice of the intended deregistration. The fee is non-refundable in most circumstances.
Once the payment is processed and the deregistration is approve ASIC publishes a notice about the proposed deregistration in the ASIC Gazette. If ASIC publishes the notice before the due date of the annual review fee , applicants do not need to pay the fee for the next year. If the notice is published after the annual review fee date, however, it must.
The ASIC annual review fee is $2per annum. Thus, your annual costs to maintain the company are $564. Alternatively, our fee for company deregistration is $11 and the ASIC fee for company deregistration is $41. Our fee for company incorporation is $104. ASIC will send a paper copy of the invoice if it remains unpaid after weeks from lodgement of the form.
To confirm when the invoice is due and payable by – please contact ASIC directly.