Regulatory Alerts2025-10-12 | RG-242RG 242 ASIC’s power to wind up abandoned companies
The Australian Securities and Investments Commission issued Regulatory Guide 242 to guide employees of abandoned companies and other interested parties regarding outstanding entitlements. The document explains the specific circumstances under which ASIC will exercise its power to wind up an abandoned company pursuant to Part 5.4C of the Corporations Act. It serves as a reference for creditors, administrators, and liquidators seeking clarity on the regulatory framework for company dissolution.
Issued 13 October 2025
This guide is for employees of abandoned companies who are owed employee entitlements and other interested persons, including creditors, administrators and liquidators.
It explains when we will use our power to wind up an abandoned company under Pt 5.4C of the Corporations Act.
Download RG 242 (PDF 340 KB)