Cancellation of Registration

If you stop carrying on an enterprise, you are no longer entitled to be registered, and must apply for cancellation of your registration within 21 days. Remember, you are treated as carrying on a business or enterprise as long as you are doing anything in the course of terminating it.

Even though you are Still carrying on an enterprise, you may apply for cancellation if registration becomes optional, for example where the annual turnover drops below $50,000.

In either case, the Tax Office is obliged to comply with the application for cancellation, provided that you have been registered for at least 12 months, and provided that the Tax Office is satisfied that you are not required to be registered.