Determination of pending applications for renewal
21 Determination of pending applications for renewal
Despite the commencement of Part 3, on and after the change-over day, in relation to a pending application for renewal, the Director may determine whether or not the registration of a business name would be renewable under the 1962 Act if the 1962 Act were still in operation.
For the purposes of item 6 of Schedule 1 to the Commonwealth Transitional Act, if the Director determines under subsection (1) that a business name would be renewable, he or she must notify ASIC that the business name is to be registered on the National Business Names Register.
For the purposes of item 8 of Schedule 1 to the Commonwealth Transitional Act, if the Director determines under subsection (1) that a business name would not be renewable, the Director must notify ASIC that ASIC is to cease to hold the business name.
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