Document ID: chunk:federal_register_of_legislation:C2024C00518:clause:1_20
Version: federal_register_of_legislation:C2024C00518
Segment Type: clause
Provision Reference: sch 1 cl 20
Character Range: 33288–34356

20  ASIC must enter distinguishing word or expression on the Business Names Register
(1) ASIC must enter the distinguishing word or expression that relates to a business or businesses carried on by an entity under a business name on the Business Names Register.
(2) However, the distinguishing word or expression does not form part of the business name.
(3) ASIC may remove the entry from the register if ASIC is satisfied that the removal of the distinguishing word or expression would not lead to confusion about who is carrying on a business or businesses under the business name.
(4) If ASIC removes the entry from the register, ASIC must notify the following entities of the removal:
 (a) the entity to whom the business name is registered;
 (b) each entity for whom ASIC has contact details to whom the business name, or a nearly identical business name, was formerly registered.
(5) ASIC may also notify any other entity of the removal of the distinguishing word or expression if ASIC is satisfied that the entity's interests might be affected by the removal.