Applying to ASIC to deal with deregistered company property
ASIC exercises its discretionary powers to deal with vested property as a last resort, usually when other remedies are unavailable.
Important:
- You must read the information below about how ASIC deals with different property types and alternative remedies before you apply to ASIC.
- If alternative remedies are not available to you, see the information provide within the checklists for preparing an application and instructions on how to submit your application to ASIC.
- There is no guarantee that an application will be successful. There may be circumstances where ASIC does not consider it appropriate to deal with deregistered company property. In those circumstances, the company may need to be reinstated to deal with the property itself.
This page contains:
- Different property types and alternative remedies you must try before applying to ASIC
- FAQs: Applications to ASIC
- More information
Also see:
- A deregistered company is a party to a security interest
- What happens to property of a deregistered foreign company
Different property types and alternative remedies you must try before applying to ASIC
FAQs: Applications to ASIC
More information
This is only a general guide as to ASIC's approach to the property and rights that pass to ASIC and the Commonwealth on deregistration of a company. This document does not represent legal advice and should not be interpreted as such. Each application or enquiry will be considered on its facts and decided on its individual merits, based on all the information available to ASIC at the time. We encourage you to seek your own professional advice to find out how the law applying to deregistered companies affects your individual circumstances.