Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.5 - VOLUNTARY WINDING UP  

Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .

Division 1 - Resolution for winding up  

SECTION 491   CIRCUMSTANCES IN WHICH COMPANY MAY BE WOUND UP VOLUNTARILY  

491(1)    
Subject to section 490 , a company may be wound up voluntarily if the company so resolves by special resolution.

491(2)    
A company must:

(a)    

within 7 days after the passing of a resolution for voluntary winding up, lodge with ASIC, in the prescribed form, a notice setting out the text of the resolution; and

(b)    

within the period ascertained in accordance with the regulations, cause a notice setting out the prescribed information about the resolution to be published in the prescribed manner.

491(3)    
(Repealed by No 57 of 2026, s 3, Sch 3[74] (effective 30 June 2026).)