Document ID: chunk:federal_register_of_legislation:C2024C00631:section:54
Version: federal_register_of_legislation:C2024C00631
Segment Type: section
Provision Reference: s 54
Character Range: 84979–86069

54  Business name held during review period for cancellation decision
 (1) If ASIC cancels the registration of a business name to an entity:
 (a) the business name is held during the review period in relation to that decision; and
 (b) the entity does not commit an offence under subsection 18(1) if the entity carries on a business under the business name during the review period in relation to that decision.
Note: A defendant bears an evidential burden in relation to the matters in paragraph (1)(b): see subsection 13.3(3) of the Criminal Code.
 (2) The review period, in relation to a decision to cancel the registration of a business name to an entity, is:
 (a) a period of 4 months beginning on the day on which the entity is notified of the decision under section 52; or
 (b) if ASIC determines a longer period under subsection (3)—that longer period.
 (3) ASIC may determine in writing a longer review period. The determination is not a legislative instrument.
 (4) ASIC must give a copy of the determination to the entity.

Part 6—Renewing the registration of a business name