National business names registration scheme
Australian Regulatory Compliance Review:
Commonwealth, State and Territory Small Business Ministers have agreed
in-principle to a national business names initiative which will establish a one-stop online shop for businesses to
apply and pay for a national business name online through
a single application covering both a business name and Australian
Business Number (ABN).
To
register a business name nationally at present, businesses have to
apply separately in each State and Territory and pay a fee eight times
at a total cost of around $900.
The new system will be much cheaper and quicker, enabling a single registration for a single fee.
Those
businesses that want to register a name in a single State or Territory
will still be able to do so
within the national system.