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ASIC – Business Registrations

ASIC – Business Registrations

A business name is simply a name or title under which a person or entity conducts a business. In Australia, unless you fall within an exemption, you must register your business name.

On 28 May 2012, this register became a national register of business names. The purpose of the register is to provide a way to identify the entity that is carrying on business under a business name.

On May 2012 the Australian Securities and Investment Commission took over Business Registrations from the Australian Taxation Office with intentions to create a more convenient process when registering your business name. This system is believe the save the public up to $480 million over an eight year period, however since this chance has taken place ASIC’s estimated three day turnaround has now been stretched out causing up to a year delay for business owners looking to register their business name.

 

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Bottrell Accountants | Newcastle Accounting Firm | Maitland Accountants

Bottrell Business Consultants Pty Ltd – Chartered Accountants and Business Advisors.

The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.

Our group of businesses & links include the following companies (& our websites);-

 

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