Company Law Review Act 1998 (61 of 1998)

Schedule 2   Consequential amendment of the Corporations Law

Part 6   Deregistration of companies (new Chapter 5A)

391   Subsections 509(5) and (6)

Repeal the subsections, substitute:

ASC must deregister at the end of 3 month period

(5) The ASC must deregister the company at the end of the 3 month period after the return was lodged.

ASC must deregister on a day specified by the Court

(6) On application by the liquidator or any other interested party, the Court may make an order that the ASC deregister the company on a specified day. The Court must make the order before the end of the 3 month period after the return was lodged.

Note: The heading to section 509 is altered by omitting “ dissolution ” and substituting “ deregistration ”.