Treasury Laws Amendment (Business Registries Stabilisation and Uplift) Act 2026 (57 of 2026)

Schedule 2   ASIC powers

Part 1   Deregistration powers

Corporations Act 2001

1   After subsection 601AB(2)

Insert:

(2A) ASIC may also decide to deregister a company if ASIC has reason to believe that information given or otherwise provided to ASIC by or on behalf of the company, or in or with the application to register the company:

(a) is misleading, false or deceptive in a material particular; or

(b) has omitted from it a matter or thing the omission of which renders the information misleading in a material respect.