Corporations Amendment (Phoenixing and Other Measures) Act 2012 (48 of 2012)

Schedule 1   Amendments

Part 2   Publication requirements

Corporations Act 2001

19   Subsection 601AA(4)

Repeal the subsection, substitute:

Deregistration procedure

(4) If:

(a) ASIC decides to deregister the company under this section; and

(b) ASIC is not aware of any failure to comply with subsections (1) to (3);

ASIC must:

(c) give notice of the proposed deregistration on ASIC database; and

(d) publish notice of the proposed deregistration in the prescribed manner.

(4A) When 2 months have passed since the publication of the notice under paragraph (4)(d), ASIC may deregister the company.