Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC must, at least 28 days before the registration period for the registration of a business name to an entity expires, remind the entity in writing of the time and day on which the registration period will expire.
(2) Failure to give a reminder in accordance with subsection (1) does not affect ASIC's power to cancel the registration if not renewed.
(3) If the registration period for the registration of a business name to an entity expires, ASIC may give notice in writing to the entity that ASIC will cancel the registration unless it is renewed.
(4) ASIC may cancel the registration of a business name to an entity under this section with effect on the later of:
(a) the end of a period of 3 months beginning when the registration expires; and
(b) the end of a period of 6 weeks beginning on the day on which notice is given in accordance with subsection (3).
(5) To avoid doubt, a business name continues to be registered to an entity after the expiry of the registration period for the registration unless the registration is cancelled.