ASIC
Is Your Next Business Relationship Banned or Disqualified?
Sometimes, in business, to expand we need to enter into business relationships with others. I don’t mean just suppliers, but also “partners” where there is a formal contractual relationship. This can be high risk particularly if you don’t know the person very well.
Did you know you can search the Australian Securities and Investment Commission (ASIC) registers for a person who has been disqualified from managing a corporation, or banned from practicing in the financial services or credit industry?
ASIC’s Banned & Disqualified search includes information from the following registers:
- disqualified persons register
- credit banned/disqualified register
- Australian financial services (AFS) banned/disqualified persons register
- banned securities representatives register (pre-AFS licences)
- banned futures representatives register (pre-AFS licences), and
- disqualified SMSF auditors.
Here’s the link to do a search – Search for a banned and disqualified person now.
Balanix Solutions – Taxation | Accounting | Business Advice
Situated in Strathpine on Brisbane North, we partner with our clients to assist them in their accounting, business management and bookkeeping needs. Our clients vary in industries from professional services (such as law, vet and dentist) to the trades (mechanic, bricklaying, plasterer etc), hospitality and retail. Are clients are located in the Pine Rivers area (including Brendale, Lawnton, Albany Creek and Eatons Hill) through to Kallangur, Petrie, North Lakes and Caboolture, as well as Brisbane South, the Gold Coast and various other parts of Queensland.
Call us today … we can help (07 3264 4783)
Is Your Proposed Business or Trading Name Available
One of the most existing parts of starting a business is developing its name. For some this is a simple reasonably quick process – for others, a process filled with research, comparisons and procrastination. But did you know that you can’t have a business name that is identical or similar to an existing registered business name?
So how do you know if you can trade under your proposed business or trading name? The first step is to find out whether the name you want to register is available.
A check name availability search with the Australian Securities and Investment Commission (ASIC) determines whether your proposed company or business name is identical (or similar) to a name that is already registered or reserved with ASIC.
A proposed name will be rejected if it is considered identical to an already existing name, similar to an existing business name (for business names) or uses restricted words.
More information on our name availability rules can be found on ASIC’s website.
Check business name availability.
Check company name availability.
Oh, and also remember to make sure your proposed name doesn’t infringe on any trademarks. Check at IP Australia.
Balanix Solutions – Taxation | Accounting | Business Advise.
Situated in Strathpine on Brisbane North, we partner with our clients to assist them in their accounting, business management and bookkeeping needs. Our clients vary in industries from professional services (such as law, vet and dentist) to the trades (mechanic, bricklaying, plasterer etc), hospitality and retail. Are clients are located in the Pine Rivers area (including Brendale, Lawnton, Albany Creek and Eatons Hill) through to Kallangur, Petrie, North Lakes and Caboolture, as well as Brisbane South, the Gold Coast and various other parts of Queensland.
Call us today … we can help (07 3264 4783)
Calling Company Officeholders – Keeping up with ASIC requirements
Are you a company officeholder? If you are, then you would know that there are Australian Securities & Investment Commission (ASIC) compliance requirements that you are responsible for.
There are two ways to manage your ASIC requirements – do it yourself or interact with ASIC through an ASIC Registered Agent.
If you do it yourself, ASIC have just released new company officeholder user guides which guide you through common online transactions.
ASIC is encouraging lodging online as part of their vision to move their transactions online. Online interaction offers you many benefits such as no paperwork to print, postage costs, updates can be made at your own convenience, plus when you lodge online most changes are made to the register immediately.
The new user guides provide step by step instructions, including:
- How to register for our online service
- Logging in
- Changing company details
- Appointing or ceasing a registered agent
Download ASIC’s guide here company officeholder user guides .
Registered Agents (Company) act as intermediaries between ASIC and Australian companies to assist companies in meeting their lodgement obligations under the Corporations Act 2001.
Ultimately the officeholders of a company are responsible for meeting their lodgement obligations, however, as a Registered Agent (Company) our role is to act on behalf of the company to help it meet its statutory duties including:
- notifying ASIC within 28 days of any changes to the company’s details,
- making sure the company reviews its annual statement, as well as,
- encouraging the on time payment of fees owed to ASIC.
Balanix Solutions offers ASIC Registered Agent services – if you would like to know more, please call us today on 3264 4783.
Balanix Solutions – Accountant, Business Advisor, Bookkeeping.
Situated in Strathpine on Brisbane North, we partner with our clients to assist them in their accounting, business management and bookkeeping needs. Our clients vary in industries from professional services (such as law, vet and dentist) to the trades (mechanic, bricklaying, plasterer etc), hospitality and retail. Are clients are located in the Pine Rivers area (including Brendale, Lawnton, Albany Creek and Eatons Hill) through to Kallangur, Petrie, North Lakes and Caboolture, as well as Brisbane South, the Gold Coast and various other parts of Queensland.