In the realm of corporate activities within Australia, the ASIC Form 407 holds a pivotal role, especially for foreign companies and registered Australian bodies navigating the intricacies of cessation, winding up, or dissolution. Crafted under the Corporations Act 2001, specifically under sections 601CC(1), 601CL(1), and 601CL(14)(a), this form serves as a structured notification to the Australian Securities & Investments Commission (ASIC) regarding significant changes in the operational status of these entities. It meticulously details the requirements for firms ending their business operations in Australia, either through ceasing to carry on business, dissolution in their place of origin, or the commencement of winding-up proceedings. Further, it outlines the essential procedural steps for appointing a liquidator, providing clarity on the submission of additional information if the space provided in the form proves insufficient. The form also underscores the necessity for timely lodgement—within seven days for cessation of business operations and one month for dissolution or winding up, highlighting potential late fees for missed deadlines. Additionally, the Form 407 guide accompanying the document offers practical advice on ensuring the submission meets ASIC's standards, including the specifications for any annexures attached. This form is testament to ASIC's commitment to maintaining accurate records and oversight of foreign and local corporate bodies, ensuring transparency and regulatory compliance in the Australian corporate landscape.
| Question | Answer |
|---|---|
| Form Name | Asic Form 407 |
| Form Length | 3 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 45 sec |
| Other names | Gippsland, 601CL, annexure, fs20 forms |
Australian Securities &
Investments Commission
Form 407
Corporations Act 2001 601CC(1), 601CL(1) & (14)(a)
Notiication of cessation, winding up or dissolution of a foreign company or registered Australian body
If there is insuficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgement
Foreign company or registered body details
Foreign company or registered body name
ARBN
Lodgement details
Who should ASIC contact if there is a query about this form?
Firm/organisation
Contact name/position description
ASIC registered agent number (if applicable)
Telephone number
Postal address or DX address
1Details of event
Tick one box and provide details required.
The registered Australian body ceased to carry on business.
The foreign company ceased to carry on business in Australia.
The foreign company was dissolved/deregistered in its place of origin.
Proceedings commenced to wind up the foreign company in its place of origin.
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A liquidator was appointed |
(complete details below). |
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Name of liquidator |
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Family name |
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Given names |
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Ofice, unit, level |
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Effective date
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Street number and Street name
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Suburb/City |
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State/Territory |
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Postcode |
Country (if not Australia) |
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ASIC Form 407 |
17 January 2011 |
Page 1 of 2 |
Signature
See guide for signature requirements.
I certify that the information in this form is true and complete.
Name
Capacity
Director of the foreign company or registered body
Secretary of the foreign company or registered body
Duly appointed local agent of the foreign company
Director or secretary of a company which has been duly appointed as local agent of the foreign company Company name
ACN/ABN
Signature
Date signed
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[D D] [M M] [Y Y]
Lodgement
Send completed and signed forms to:
Australian Securities and Investments Commission, PO Box 4000, Gippsland Mail Centre VIC 3841.
For more information
Webwww.asic.gov.au
Need help? www.asic.gov.au/question Telephone 1300 300 630
ASIC Form 407 |
17 January 2011 |
Page 2 of 2 |
Australian Securities &
Investments Commission
Form 407
Corporations Act 2001 601CC(1), 601CL(1) & (14)(a)
Guide: Notiication of cessation, winding up or dissolution of a foreign company or registered Australian body
This guide does not form part of the form. It is included by ASIC to assist you in completing and lodging the Form 407.
Signature
Registered Australian body
This form must be signed by a director or equivalent or secretary.
Foreign company
This form must be signed by a director, secretary or local agent or a director or secretary of a company appointed as local agent.
A local agent signing for a foreign company that is in liquidation or has been dissolved must be the local agent immediately before the commencement of the liquidation proceedings.
Lodgement period
Within 7 days of ceasing to carry on business in Australia, or within 1 month of winding up or dissolution/deregistration.
If a company in its place of origin has started winding up proceedings, two Forms 407 will ultimately be required to be lodged with ASIC. The irst Form 407 is lodged at the commencement of winding up proceeding to notify of the
appointment of the liquidator. The second Form 407 is lodged when the company has been dissolved.
Lodgement fee |
Nil if lodged within the prescribed lodging period. |
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Late lodgement fee |
If lodged within 1 month after the prescribed lodging period |
$72 |
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If lodged more than 1 month after the prescribed lodging period |
$299 |
A receipt will not be issued unless requested. Generally, a form is not regarded as being lodged until it is received and accepted by ASIC as being in compliance with s1274(8) of the Corporations Act 2001.
How to provide additional information
Photocopied Form 407 pages
If there is insuficient space in any section of the form, you may photocopy the relevant page(s) and submit as part of this lodgement.
Annexures
To make any annexure conform to the regulations, you must
1.use A4 size paper of white or light pastel colour with a margin of at least 10mm on all sides
2.show the company name and ACN or ARBN
3.number the pages consecutively
4.print or type in BLOCK letters in dark blue or black ink so that the document is clearly legible when photocopied
5.mark the annexure with an identifying letter or symbol eg a,b,c or 1,2,3 etc.
6.endorse the annexure with the words:
This annexure (mark) of (number) pages referred to in form (form number and title) 7. sign and date the annexure
The annexure must be signed by the same person(s) who signed the form.
Lodgement
Send completed and signed forms to:
Australian Securities and Investments Commission, PO Box 4000, Gippsland Mail Centre VIC 3841.
For more information
Webwww.asic.gov.au
Need help? www.asic.gov.au/question Telephone 1300 300 630
ASIC Form 407 Guide |
1 July 2013 |
Page 1 of 1 |