Deregistration process
When the Registrar:
- receives an application for voluntary deregistration and is satisfied with the form and supporting evidence
- receives a final report from a liquidator about the completion of a liquidation
- registers an amalgamated corporation.
they will place a notice of the proposed deregistration in the Government Gazette and on the Register of Aboriginal and Torres Strait Islander Corporations.
The Registrar can complete the deregistration after 2 months passes. The Registrar changes the status of the corporation on the Register of Aboriginal and Torres Strait Islander Corporations to ‘deregistered’.
If the deregistration was because of a voluntary deregistration or a voluntary winding up the Registrar will send the person nominated in the voluntary deregistration form a notice of deregistration. They don’t do this for a court-ordered winding up.
Effect of deregistration
When deregistered, the corporation no longer exists as a legal entity. It will be listed as ‘Deregistered’ on the Register of Aboriginal and Torres Strait Islander Corporations. Your only remaining obligation will be to keep records for 5 years that explain the corporation’s finances.