- SUPPORT FOR BUSINESS
Transferring a business name is a 2-step procedure that involves both the current business name owner and the new business owners.
If you’re the existing business owner who currently owns the business name, you will need to transfer the business name if the new owner wishes to use it. Once the application to transfer the business name is submitted, ASIC will cancel your registration within 28 days.
Before transferring a business name, you need to be aware of the following:
To transfer your business name, you will need to provide the following information:
a. Current owner details:
• Business Name
• ABN number
• Applicant first name and surname:
• Residential address
• Date of Birth:
• Country of Birth
• City of Birth
• Mobile number
• Email address
b. New Owner Details
• Company Name (if application)
• ABN Number
• Applicant first name and surname:
• Residential and business address:
• Date of Birth
• Country of Birth
• City of Birth
• Mobile number
• Email address
Once the above information is received, we will begin transfer process and get back to you if we require any additional information. Note: The whole process takes approximately 5-7 business days.
The ‘ASIC Key’ is a unique code specific to your business name. They usually look something like 1- 12345678901 (i.e. a 1, followed by a dash, then followed by 11 numbers. And you will need this in order to cancel your business name.
• You can find it in your email inbox by searching for your “Welcome Letter” at the time you registered your business name, then open the PDF “Welcome letter” which contains your ASIC Key;
• You can request it online following the next link at no cost: “https://asic.gov.au/online-services/online- keys/asic-key/requesting-an-asic-key/”. After you submit your request, the ASIC key will be delivered to your nominated business email address (within 24 hours).
• If you’re still having problems getting your ASIC Key, you can always call our Customer Support Centre on 1300 006 263 (9am to 5pm AEST), we’re always here to help.
The ‘ASIC Key’ is a unique code specific to your business name. They usually look something like 1- 12345678901 (i.e. a 1, followed by a dash, then followed by 11 numbers. And you will need this in order to cancel your business name.
1. Complete our simple online application to let us know what business name you’d like to transfer.
2.Our specialist team reviews and checks all aspects of your application and will contact you if further
clarification is required.
3.After a final check, our business name registration team will file the transfer application and keep you
updated through every stage of the process
4.Once the Transfer Number has been issued, we will then register the business name to the new owner
and send through email confirmation with certificate of registration to the new owner
Once your application has been submitted, ASIC will then send you a notice of intent to cancel the registration of your business name. Then after one month, ASIC will automatically cancel your registration and send another confirmation email with cancellation notice attached.
All the above-mentioned notices are sent to all business name holders (and any representatives) to tell them the business name registration will be cancelled.
Please note that if your business name is successfully cancelled before it is due for renewal, then ASIC is not obliged to reimburse you for the remaining registration period.
In some instances, it is possible to stop a business name transfer if it is no longer required. However, you must contact us as soon as possible on 1300 006 263 or via email as sufficient time is needed to process your request. Please be aware that we can’t stop your business name transfer if:
• your original registration has already been cancelled, or
• the new holder has registered or applied to register the business name.
However, if the business name is still available you can register it using the transfer number.
In some instances, it is possible to stop a business name transfer if it is no longer required. However, you must contact us as soon as possible on 1300 006 263 or via email as sufficient time is needed to process your request. Please be aware that we can’t stop your business name transfer if:
However, if the business name is still available you can register it using the transfer number.
With respect to transferring a business name to a new ABN or entity, the fee for this is $379 and includes the following services:
• cancelling the current registration of the business name in the name of the owner;
• re-registering the business name in the name of the new owner;
• monitoring, managing and updating you on the status of the application; and
• one year business name registration
With respect to transferring a business name to a new ABN or entity, the fee for this is $379 and includes the following services:
