Document ID: chunk:federal_register_of_legislation:C2024C00518:clause:1_23
Version: federal_register_of_legislation:C2024C00518
Segment Type: clause
Provision Reference: sch 1 cl 23
Character Range: 35703–36724

23  Notifying ASIC of bankruptcy, insolvency etc.
(1) A person who is a debtor representative of an entity immediately before the day on which a business name is first registered to the entity under this Act (the registration day) is taken to satisfy section 38 of the Business Names Registration Act if:
 (a) the person has, before the registration day, given a person responsible for registration in a referring/adopting State or an affected Territory notice:
 (i) that the person is appointed or authorised to act as a debtor representative of the entity; and
 (ii) identifying who (if anyone) will carry on a business under the business name while that person is appointed or authorised; or
 (b) the person lodges with ASIC notice of the person's appointment or authorisation in accordance with paragraphs 38(2)(b) to (d) of that Act within the period of 28 days beginning on the registration day.
(2) In this item:
debtor representative has the same meaning as in section 38 of the Business Names Registration Act.