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Friday, 6 November 2015

ASIC - renew or lose business name

ASIC has cancelled more than 95,000 business names in the first half of 2015 after business name holders failed to pay their renewal notice.

ASIC urges business owners to maintain business name records and ensure renewal fees are paid when due to avoid the business name being cancelled.
Business names can be renewed with ASIC online for either a period of 1 or 3 years.

If business owners are unsure of their renewal date, they can search for their business name on ASIC Connect Search or log into their ASIC Connect account.

Business name guidance is available on topics such as renewal fees, renewal period options, how business name holders will be notified about their next renewal and outlines what happens after the renewal process has been completed.

For more information, click here.

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