A new national business names registration system commences on 28 May 2012. The national register of business names will replace the existing state and territory registers. The new system will be administered by Australian Securities and Investments Commission (ASIC) Benefits of the new national register The national register will offer some advantages to Queensland business owners:
- The national system eliminates the need for registration in more than one state.
- The new system will allow for online registration and renewal. Online payment options will also be available.
- Business name registration will happen simultaneously with the registration of an Australian Business Number.
- There may be a reduction in fees in Queensland