THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.4B - WINDING UP IN INSOLVENCY OR BY THE COURT

Division 2 - Court-appointed liquidators

SECTION 480   RELEASE OF LIQUIDATOR AND DEREGISTRATION OF COMPANY  

480    When the liquidator:

(a)  has realised all the property of the company or so much of that property as can in his or her opinion be realised without needlessly protracting the winding up, and has distributed a final dividend (if any) to the creditors and adjusted the rights of the contributories among themselves and made a final return (if any) to the contributories; or

(b)  has resigned or has been removed from office;

he or she may apply to the Court:

(c)  for an order that he or she be released; or

(d)  for an order that he or she be released and that ASIC deregister the company.