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Registration of business names

By: admin|

The Government will establish a national system of registering business names. Currently, businesses have had to register separately in each State and Territory and pay registration fees to each government. Under the proposed measures, businesses will need to register only once and pay only one fee. The administration of business names will be transferred from the States to ASIC. The reforms should result in: · a single, national online registration system for business names and ABNs; · a business-friendly way of searching for trademarks; · a Business Licensing Information Service to give businesses customised information about their regulatory requirements including licences, registrations and permits; and · online accounts that will allow businesses to access registrations, monitor compliance requirements and access regulatory change notifications from all governments.

 Source: Budget Paper No 2 [p 276]; Minister for Small Business, Independent Contractors and the Service Economy; Minister for Competition and Consumer Affairs; and Minister Assisting the Finance Minister on Deregulation press release 11 May 2010

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