ASIC - Trading names to be displayed for a further five years

The Government has decided to extend the display of trading names on the ABN Lookup to 31 October 2023.

Prior to the 2012 establishment of the National Business Names Register, the Australian Business Register (ABR) collected names used by entities to carry out their business activities and displayed them as trading names. Updates to trading names ceased in 2012.

These arrangements will be extended by a further five years to 31 October 2023. This will ensure businesses affected by the display of trading names have more time to inform their customers, suppliers and other stakeholders of any changes to the name that they use to conduct their business.

Importantly, trading names do not meet the requirements of a registered business name. To continue trading under a specific name it must be registered as a business name with the Australian Securities and Investments Commission (ASIC).

You don’t need to register a business name if you trade under your own name (‘John Smith’), but you’ll need to have a business name if it’s anything else (‘John Smith Plumbing’).

After a business is successfully registered, it will appear on ASIC’s Business Names Register and on the ABN Lookup.

For more information about how to register a business name, visit our website.

Link - InFocus November 2018 - Volume 27 Issue 10 | ASIC - Australian Securities and Investments Commission