21
In forceOffence to carry on business in Queensland under particular business names being held
Part 4Repeal and transitional provisions
21 Offence to carry on business in Queensland under particular business names being held
(1)
This section applies if, before the change-over day—
(a)
an application for registration of a business name is made under the existing Act; and
(b)
the chief executive gives ASIC a notice under the Commonwealth Transitional Act, schedule 1, item 4 that the business name is to be held.
(2)
Section 5 of the existing Act continues to apply in relation to the business name.
(3)
Subsection (2) applies for the period—
(a)
starting on the change-over day; and
(b)
ending when the business name is registered, or ASIC ceases to hold the business name, under the Commonwealth Transitional Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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