Renewal application may be made after the change-over day
10 Renewal application may be made after the change-over day
(1) Despite the repeal, after the change-over day but subject to section 16(3) of the Territory Act, a person may make a renewal application in relation to a business name as if the Territory Act were still in operation.
(2) If a renewal application is made in accordance with subsection (1), the Commissioner must decide whether or not registration of the business name would have been renewed under the Territory Act if the Territory Act were still in operation.
If the Commissioner decides registration:
(a) would have been renewed – the Commissioner must notify ASIC under item 6 or 9 that the business name is to be registered on the Commonwealth register; or
(b) would not have been renewed – the Commissioner must notify ASIC under item 8 or 9 that ASIC is to cease to hold the business name.
This Act’s bill:Explanatory statementSecond reading speech
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