Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (69 of 2020)

Schedule 1 Amendments relating to the Registrar

Repeal the items, substitute:

15 The Registrar may rely on information disclosed by States and Territories

In exercising powers or performing functions under this Act, the Registrar may rely on information disclosed to it by a State or Territory.

16 What the Registrar must do if information available on transition deficient

(1) This item applies if:

(a) a business name is registered under this Act to an entity or entities; and

(b) the Registrar is satisfied that, because of a deficiency in the information available to ASIC before registration:

(i) the business name has not been registered to the correct entity or entities; or

(ii) other information recorded by ASIC or the Registrar in relation to the registration under this Act is incorrect.

(2) The Registrar must:

(a) correct the information mentioned in subparagraph (1)(b)(i) or (ii), as the case requires; and

(b) notify:

(i) each entity to whom the business name was registered before the correction; and

(ii) each entity to whom the business name is registered after the correction; and

(iii) any other person to whom the corrected information relates.