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Registered companies have a number of obligations with ASIC. This includes keeping your details up to date and paying your annual review fee. If youve stopped trading and you dont need the company, its a good idea to consider closing it. This can help you avoid unnecessary fees. To close your company, you can apply for voluntary deregistration online. When the company is deregistered, you are removed from your officeholder obligations. You should apply for deregistration at least two weeks before your annual review date. You can check your review date by searching our register. This gives us enough time to process your application before your annual review fee is due Before we can accept your application, you need to meet a number of requirements, including: All members of the company agree to deregistration The company is not carrying on business, and the companys assets are worth less than $1000 For a full list of requirements, visit . To apply for deregis