Deregistration process in Waive
Many agents tend to ask us what would be the best way to complete the deregistration process in Waive, and the answer really depends on how you as a company deal with your deregistrations in general.
We would recommend the below process:
The director of a company tells you that they want to deregister their company.
You tell them that you charge a $250 agent invoice to complete the process, and it includes the ASIC deregistration fee, and all the paperwork.
In Waive, you deregister the company via a 6010 form, and ensure you charge a $250 agent invoice.
Once the director has signed and paid your $250 agent invoice - you then have 2 options:
Option 1: Instead of waiting for ASIC to issue the deregistration invoice over the next fortnight, you pay ASIC directly the $49 deregistration fee, using the company's BPAY details and that way the deregistration process is completed there and then.
Option 2: You can wait for ASIC to generate the deregistration invoice over the next fortnight after the 6010 form has been approved, and you pay the $49 deregistration fee for the director via BPAY.
Note that the company BPAY details never change, they will always be the same - you can see the company's BPAY details via any ASIC invoice ever issued to the company, or you can check here via the ASIC website by entering the ACN.
Things to consider when deregistering a company:
- If the 6010 form is signed and approved by ASIC, but ASIC do not receive the $49 deregistration fee within a month of being issued - ASIC will reset the deregistration status of the company and you will need to submit another 6010 form. The deregistration process is not finalised until the $49 invoice is received by ASIC.
- As an agent you do not have to wait for the deregistration invoice to be issued in order to pay ASIC. But by paying ASIC the $49 before the invoice is issued, means that ASIC will NOT issue the invoice.
For more information about how to deregister a company, please refer to this article.
PLEASE NOTE: If the $49 is not paid within 28 days of the 6010 form being approved, ASIC cancel the process and keep the money (if paid after the 28 days) and you have to lodge another 6010 form and pay an additional $49 to finalise the deregistration process.