INFO 78
Winding up a solvent company
This is Information Sheet 78 (INFO 78). It covers:.
In plain English
INFO 78 explains how to wind up a solvent company in Australia, including steps and responsibilities.
INFO 78 from ASIC guides directors and company officers on winding up a solvent company. It details the process, from shareholder approval to deregistration. It covers responsibilities of directors, liquidators, and the role of ASIC. This information sheet was last updated in December 2023 and applies to all Australian companies.
Why it matters
Properly winding up a solvent company avoids potential legal issues. Directors need to understand their duties during this process to protect themselves and the company’s stakeholders.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/for-business/closing-your-company/deregistration/winding-up-a-solvent-company/. Rules Mate indexes + summarises; always verify against the regulator's live publication.