Business Names Registration (Transitional and Consequential Provisions) Act 2011 (127 of 2011)

Schedule 1   Transitional provisions

Part 2   Business names held on change-over day to resolve outstanding matters

5   Business name held during grace period for renewal

(1) ASIC must hold the business name until the business name is registered under item 7 or ASIC ceases to hold the business name under item 8 or 9.

(2) An entity does not commit an offence under Part 2 of the Business Names Registration Act while the business name is held under subitem (1).