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

Schedule 1 Amendments

Repeal the subsection, substitute:

Deregistration procedure

(3) If ASIC decides to deregister a company under this section, it must:

(a) give notice of the proposed deregistration:

(i) to the company; and

(ii) to the company's liquidator (if any); and

(iii) to the company's directors; and

(iv) on ASIC database; and

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

(3A) When 2 months have passed since the publication of the notice under paragraph (3)(b), ASIC may deregister the company.