How To Close Down a Company Australia

Are you wondering how to close down a company in Australia?

Good news! If you have a company you no longer use, you don’t need to pay yearly ASIC registration fees. Taxopia can close your company down cheaply using the correct legal process.

There are several ways to close down a company in Australia. The fastest, cheapest and simplest is a company deregistration under the Corporations Act.

How to close down a company in Australia by deregistration

Company deregistration eligibility requires all assets and liabilities to be dealt with accordingly, all tax obligations to be lodged and paid, and all profits to be distributed correctly. It is illegal to close a company before completing these items. The directors must certify the following before applying to deregister the company.

  • all owners (shareholders) of the company agree to deregister the company
  • the company is not carrying on business
  • the company’s assets are worth less than $1000
  • the company has no outstanding liabilities
  • the company is not involved in any legal proceedings, and
  • the company has paid all fees and penalties payable under the Corporations Act, such as company renewal and late payment fees.

Taxopia online tax accountants can complete simple company deregistration and more complicated company closures including members’ voluntary liquidations. We are experts with years of experience assisting with company closure. Contact us to find out more about how to close down a company in Australia today. Call 1300 829 674

oFor any inquiries, please call: 1300 829 674 or fill out our online form

Company or Trust Tax Return for Accountants & Bookkeepers

* BASIC PLAN ($400+ GST) CONDITIONS, excludes the following items:

* STANDARD PLAN ($800+ GST) CONDITIONS, excludes the following items; however, these services can be provided for an additional cost.

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* Premium Package pricing conditions, please take note the premium pricing excludes the following items; however, these services can be provided for an additional cost.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote.

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* Standard Package pricing conditions, please take note the standard pricing excludes the following items; however, these services can be provided for an additional cost.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote.

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* CONDITIONS to our Basic Tax Reporting Package for Company or Trust Tax Return ($400+ GST), excludes the following items:

If you do not qualify for this option, you will need to consider our Standard Tax Reporting Company or Trust Tax Return ($800+ GST) option.

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