Business Name Registration
In Australia (from May 2012) all business name registrations are handled centrally through the Australian Securities and Investment Commission (ASIC) with recognition in every State.
Summary of the laws
You must have a registered business name if trading. That is, it will be an offence not to have one except where:
- You use your own name or
- You have a company name.
Business name registration does not give you proprietary rights over the name. It's just a registration and identification system.
You must use your business name in all your commercial dealings.
If you have an existing business name registered in a state (before May 2012), you'll be automatically registered under the new system.
Trusts and superannuation funds also have to register.
The Australian Securities and Investment Commission (ASIC) administers the new system.
Problem: Home-based business people must declare their home address. We’ve had complaints of breach of privacy about this.