Document ID: chunk:federal_register_of_legislation:C2025C00185:section:601cc:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 601CC (pt 1/3)
Character Range: 2215213–2217666

601CC  Cessation of business etc.
 (1) Within 7 days after ceasing to carry on business interstate, a registered Australian body must lodge written notice that it has so ceased.
 (1A) For the purposes of this section, a body carries on business interstate if, and only if, the body carries on business at a place that is in this jurisdiction and outside the body's place of origin.
 (2) Where ASIC has reasonable cause to believe that a registered Australian body does not carry on business interstate, ASIC may send to the body in the prescribed manner a letter to that effect and stating that, if no answer showing cause to the contrary is received within one month from the date of the letter, a notice will be published in the Gazette with a view to striking the body's name off the register.
 (3) Unless ASIC receives, within one month after the date of the letter, an answer to the effect that the body is still carrying on business interstate, it may publish in the Gazette, and send to the body in the prescribed manner, a notice that, at the end of 3 months after the date of the notice, the body's name will, unless cause to the contrary is shown, be struck off the register.
 (4) At the end of the period specified in a notice sent under subsection (3), ASIC may, unless cause to the contrary has been shown, strike the body's name off the register and must publish in the Gazette notice of the striking off.
 (5) Nothing in subsection (4) affects the power of the Court to wind up a body whose name has been struck off the register.
 (6) Where a body's name is struck off the register under subsection (4), the body ceases to be registered under this Division.
 (7) If ASIC is satisfied that a body's name was struck off the register as a result of an error on ASIC's part, ASIC may restore the body's name to the register, and thereupon the body's name is taken never to have been struck off and the body is taken never to have ceased to be registered under this Division.
 (8) A person who is aggrieved by a body's name having been struck off the register may, within 15 years after the striking off, apply to the Court for the body's name to be restored to the register.
 (9) If, on an application under subsection (8), the Court is satisfied that:
 (a) at the time of the striking off, the body was carrying on business interstate; or
 (b) it is otherwise just for the body's name to be restored to the register;
the Court may, by order: