Business names will no longer be registered on a state by state basis. ASIC will be taking over the business name registration process as the governing body and therefore all business names will now be registered nationally.
The new system will not only streamline the business name registration procedure, but also cut down the costs.
The names that are currently registered in the states and territories will be automatically carried over into the new system. Existing business name holders do not need to do anything. ASIC will contact existing business name holders when it is time to renew their name.
ASIC has published Regulatory Guide 235 to help businesses understand the new laws and how ASIC will administer the new register.
You can also read answers to some common questions to assist you with the commencement of the new ASIC business names register.
At Shelcom, we have revised our business name applications so that they reflect the changes to the new scheme.
Our new business name fee structure is:
One year business name registration (no ABN) – $80
Three year business name registration (no ABN) -$120
One year business name registration (with ABN)- $180
Three year business name registration (with ABN)-$220
If you have any questions please feel free to call our office on
1300 722 796 or send us an email.