Check if a retirement of trading name applies to your business
The Australian Business Register (ABR) has been phasing out the use of trading names and trading name terminology since 2018 and will no longer display pre-existing trading names against an entity’s Australian Business Number (ABN) from 1 November 2023.
The ABR now requires that all businesses that have been operating under the now-retired trading name branding shift to operating under either the name registered against the ABN or a registered Business Name.
Does this apply to my business?
If your registered company such as “Sales Pty Ltd” is registered against an ABN, no change is needed.
However, if you conduct business under a name other than your own or your ASIC-incorporated entity name, you will be required to register a Business Name with the Australian Securities Investment Commission by 1 November 2023. All business names need to be registered against an ABN which is managed via ASIC Connect.
You can find more about Business Name registrations here: Registering a business name | ASIC
To discuss if this should apply to you or for assistance in registering a Business Name please, contact our team on 02 9981 2300.