Associations & co‑operatives Co-operatives Closing a co-operative Voluntary deregistration of a co-operative

Voluntary deregistration of a co-operative

  • Download
  • Print
Listen

A co-operative with less than $1,000 in assets and which meets the criteria set out below can apply to the Registrar for voluntary deregistration.

The process is the same as for a company under section 601AA of the Corporations Act 2001.

Requirements for voluntary deregistration

An application for voluntary deregistration can be made where the co-operative meets all of the following requirements:

  • all members of the co-operative agree to the deregistration
  • the co-operative is not carrying on business
  • the co-operative’s assets are worth less than $1,000
  • the co-operative has paid all fees and penalties payable under the CNL
  • the co-operative has no outstanding liabilities (including unpaid employee entitlements or taxation liabilities)
  • the co-operative is not a party to any legal proceedings.

Applications which do not meet all of these requirements will be rejected.

How do you apply for voluntary deregistration?

Where the co-operative meets the above requirements:

  • complete ASIC Form 6010 Application for voluntary deregistration of a company (ensure all references to "company" are replaced with "co-operative")
  • the application must be signed by a director or secretary of the co-operative
  • ensure the co-operative is up to date with its reporting obligations under the CNL (including lodgement of annual returns).

In signing the form, the applicant declares that the co-operative meets the legal requirements for voluntary deregistration. There are significant penalties for knowingly making a false declaration.

You may be required to provide additional information regarding the co-operative.

There is no lodgement fee for the application.

What happens to the application?

If the application is approved, the applicant will be informed of the co-operative’s impending deregistration with notice of the proposed deregistration published in the NSW Government Gazette.

The applicant will also be given notice when the co-operative has been deregistered.

If the application is refused, the applicant will be provided with the reason for its refusal.

Further information

For further information please contact:

Registry Services
PO Box 22
Bathurst NSW  2795
Tel: 02 6333 1400
Freecall: 1800 502 042
Email: registryinquiries@customerservice.nsw.gov.au

Prev Voluntary winding up