> Just as a point of clarification, disincorporation would mean that "LUV,
> Inc." would not exist, i.e., a separate legal entity.
> 

Does not existing mean that luv has to surrender the luv.asn.au domain name and 
move to a subdomain under the parent body?

Google comes up with http://www.auda.org.au/policies/auda-2012-04/

ELIGIBILITY AND ALLOCATION RULES FOR ASN.AU

The asn.au 2LD is for non-commercial organisations.
The following rules are to be read in conjunction with the Eligibility and 
Allocation Rules for All Open 2LDs, contained in Schedule A of this document.
1. To be eligible for a domain name in the asn.au 2LD, registrants must be 
non-commercial organisations as follows:
a) an association incorporated in any Australian State or Territory; or
b) a political party registered with the Australian Electoral Commission; or
c) a trade union or other organisation registered under the Fair Work 
(Registered Organisations) Act 2009; or
d) a sporting or special interest club operating in Australia; or
e) a charity operating in Australia, as defined in the registrant's 
constitution or other documents of incorporation; or
f) a non-profit organisation operating in Australia, as defined in the 
registrant's constitution or other documents of incorporation.

James
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