Is a Company Deregistration Appropriate?
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If you decide the affairs of a company should be wound up, an application for deregistration can be made when all of the following conditions are met:
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all the members of the company agree to the deregistration; and
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the company is not carrying on business; and
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the company's assets are worth less than $1000; and
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the company has paid all fees and penalties payable under the Corporations Act; and
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the company has no outstanding liabilities; and
- the company is not a party to any legal proceedings.