Notice to show cause pending on change-over day
15 Notice to show cause pending on change-over day
This section applies if before the change-over day:
(a) a notice in relation to a business name is given to a person under section 26(2), 27(1) or 28(2) of the Territory Act; and
the period stated in the notice has not expired.
Despite the repeal:
(a) the section of the Territory Act under which the notice was given continues to apply in relation to the notice after the change-over day; but
(b) at the end of the period specified in the notice, the Commissioner must decide whether or not the registration of the business name would have been cancelled under the Territory Act if it were still in operation.
If the Commissioner decides the registration:
(a) would not have been cancelled – 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 have been cancelled – 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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