Australian Securities and Investments Commission (“ASIC”) has released the following summary and observations after a review of statutory reports lodged by liquidators, receivers and voluntary administrators for the year ending 30 June 2016. • 10,078 external administrator reports were lodged, with NSW accounting for 38.2%. • Of those, 79% related to companies with less…
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ASIC has responded to privacy concerns raised by home-based businesses by giving the option of using a postal address instead of a physical address as the address for service of documents. It also benefits rural and remote businesses where mail can’t be delivered to a physical address. Holders of new business names can provide a…
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From 28 May 2012, the regulation and administration of business names throughout Australia will shift from the current state and territory based system to a national system regulated by the Australian Securities and Investments Commission. The new national scheme will introduce a number of efficiencies into the business name regime in Australia, including: one…
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