Business Names Registration Act 2011
This section applies where a trust has 2 or more trustees.
86(2)
A notice, signed by all the trustees of a trust, may be lodged with ASIC, nominating a person as the principal contact for the trustees for the purposes of this Act or the Transitional Act.
[ CCH Note: S 86(2) will be amended by No 69 of 2020 (as amended by No 35 of 2022), s 3 and Sch 1 item 331, by substituting " All the trustees of a trust may nominate " for " A notice, signed by all the trustees of a trust, may be lodged with ASIC, nominating " , effective 1 July 2026 or a day or days to be fixed by Proclamation. For application and transitional provisions, see note under s 23(2) .]
86(3)
If a person is nominated as the principal contact for the trustees of a trust for the purposes of this Act or the Transitional Act, that person is taken to be the agent of the trustees in relation to the trust for the purposes of that Act, until the nomination is withdrawn.
86(4)
Subsection (3) is not affected by a change in the trustees of the trust.
86(5)
A notice, signed by all the trustees of a trust, may be lodged with ASIC, withdrawing the nomination of a person as principal contact for the trustees in relation to the trust, for the purposes of this Act or the Transitional Act.
[ CCH Note: S 86(5) will be amended by No 69 of 2020 (as amended by No 35 of 2022), s 3 and Sch 1 item 332, by substituting " All the trustees of a trust may withdraw " for " A notice, signed by all the trustees of a trust, may be lodged with ASIC, withdrawing " , effective 1 July 2026 or a day or days to be fixed by Proclamation. For application and transitional provisions, see note under s 23(2) .]
86(6)
A notice under this section: (a) must be in the prescribed form; and (b) must be lodged in the prescribed manner.
[ CCH Note: S 86(6) will be substituted by No 69 of 2020 (as amended by No 35 of 2022), s 3 and Sch 1 item 333, effective 1 July 2026 or a day or days to be fixed by Proclamation. For application and transitional provisions, see note under s 23(2) . S 86(6) will read:
]
86(6)
A nomination or withdrawal of a nomination under this section must be given to the Registrar and must meet any requirements of the data standards.
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