Query
When preparing the documents for the resignation of a director, I receive the following validation error:
From 18 February 2021, companies will no longer be able to cease the last remaining director on ASIC records
Solution
This change is required due to the ASIC changes taking effect on Feb 18 2021. From Feb 18 2021, a company will not be able to cease its last remaining director. This error message was included in CAS 360 to prevent the lodgement of a company ceasing its last director as ASIC will reject the lodgement.
You will need to ensure that there is still a currently appointed director in the company.