Second Reading Speech
Mr Bradbury (Parliamentary Secretary to the Treasurer)Mr Bradbury (Lindsay-Parliamentary Secretary to the Treasurer) (09:45): I move:
That this bill be now read a second time.
The Business Names Registration (Transitional and Consequential Provisions) Bill 2011 is part of a package of bills. The total package will, along with subordinate legislation, create a national business names registration system.
Existing businesses will not need to do anything when the new national business name service commences. Their existing state and territory business name registrations will automatically be transferred into the new national business name register.
Where there are identical business names currently registered in different jurisdictions, the proposed arrangements under the legislation will not require existing businesses to spend money on reissuing stationery or replacing signage. These businesses will be able to keep their existing business name; however, a distinguishing mark will be placed on the business name register, allowing specific businesses operating in different jurisdictions to be identified.
My comments in relation to the Business Names Registration Bill 2011 also apply to this bill.
Debate adjourned.
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