Do You Have To Renew A Business Name In Australia?

If you own a business in Australia, you need to know how to renew your business name registration. The Australian Securities and Investments Commission (ASIC) is responsible for registering business names in Australia, and this registration must be renewed every year or every three years.

Your company’s name may be dropped from the registry if you fail to renew it on time. This may cause customers to become dissatisfied with the product and the company as a whole.

But, the ASIC website makes it easy to renew your business name with minimal effort. This article will give you all the details you need to know about renewing your Australian business name, as well as some helpful hints on how to do it quickly and easily.

Do You Have To Renew A Business Name In Australia?

A business name registration in Australia must be renewed regularly. Depending on what you choose when you first registered the name, the registration time can last either one or three years.

You can either use the electronic ASIC Connect service or submit a paper renewal form to maintain your company name. Your renewal price will be based on the length of time you’ve been registered for.

Avoid having your business name cancelled and made available for registration by others by renewing it on time. Cancelling your business name and reregistering it can be an expensive and time-consuming hassle. To avoid missing the deadline for renewing your business name, it’s a good idea to keep track of the day it’s due and create reminders for yourself.

If you don’t want to keep renewing your business name as often, you can register it for a longer length of time.

In sum, renewing your business name is an easy but crucial step in preserving your brand and staying in compliance with laws in Australia.

Steps In Renewing A Business Name In Australia

In Australia, the procedure of renewing a business name may be described as being relatively simple. The following is a list of the stages that you can follow:

Check Your Renewal Date

In Australia, you can use the ASIC Connect online tool to look up your business name renewal date with your ASIC key or login details. Your registered business names and their renewal dates will be displayed once you log in.

Approximately 30 days before your renewal date, ASIC will send you a renewal notice. If want to preserve your company name from being cancelled and made available to other registrants, you’ll want to make sure you renew it before it expires.

Log In To ASIC Connect

To renew your business name, you’ll need to log in to the ASIC Connect online service using your ASIC key or login details. If you don’t have an ASIC key, you can create one on the ASIC website. To log in to ASIC Connect, you’ll need your ASIC key or login details. If you don’t have an ASIC key, you can create one by following these steps:

• Go to the ASIC website.
• Click on the ‘Login’ button in the top right-hand corner of the page.
• Click on the ‘Create ASIC Connect Account’ button.
• Follow the prompts to enter your details and create a username and password.

Once you’ve created your account, you’ll receive an email with your ASIC key. Keep this key safe as you’ll need it to access ASIC Connect.

Once you have your ASIC key or login details, you can log in to ASIC Connect by following these steps:

• Go to the ASIC website.
• Click on the ‘Login’ button in the top right-hand corner of the page.
• Enter your ASIC key or username and password.
• Click on the ‘Login’ button.

Once you’re logged in, you’ll be able to access the ASIC Connect online service and renew your business name registration.

Select Your Business Name

Once you’re logged in, select the business name you wish to renew from your list of registered business names. To select your business name for renewal in ASIC Connect, follow these steps:

• Log in to ASIC Connect using your ASIC key or log in details.
• From the main dashboard, click on the ‘Lodgements & Notifications tab.
• Select ‘Business Names’ from the drop-down menu.
• You’ll see a list of your registered business names. Find the one you want to renew and click on the ‘Renew’ button next to it.
• Follow the prompts to confirm your business details and select your renewal period (one or three years).
• Pay the renewal fee and confirm your renewal.

Once you’ve completed the renewal process, you’ll receive a confirmation that your business name has been renewed for the selected period. It’s important to keep a copy of this confirmation for your records.

Choose Your Renewal Period

Select the renewal period you want (one or three years) and confirm your details. When renewing your business name in ASIC Connect, you’ll be prompted to choose your renewal period. The options available are either one or three years.

To select your renewal period, follow these steps:

• Log in to ASIC Connect using your ASIC key or log in details.
• From the main dashboard, click on the ‘Lodgements & Notifications tab.
• Select ‘Business Names’ from the drop-down menu.
• Find the business name you want to renew and click on the ‘Renew’ button next to it.
• Confirm your business details and select your renewal period (one or three years) from the drop-down menu.
• Review the details of your renewal and make any necessary changes.
• Pay the renewal fee and confirm your renewal.

You will receive a renewal confirmation once you have finished the renewal process for your business name. You should save a copy of this verification for your files.

Pay The Renewal Fee

You’ll be prompted to pay the renewal fee, which will depend on the renewal period you have chosen. You can pay using a credit card or debit card. To pay the renewal fee for your business name in Australia, you can follow these steps:

• Log in to ASIC Connect using your ASIC key or log in details.
• From the main dashboard, click on the ‘Lodgements & Notifications tab.
• Select ‘Business Names’ from the drop-down menu.
• Find the business name you want to renew and click on the ‘Renew’ button next to it.
• Confirm your business details and select your renewal period (one or three years) from the drop-down menu.
• Review the details of your renewal and make any necessary changes.
• Click on the ‘Pay’ button to be taken to the payment page.
• Choose your payment method (credit card or debit card) and enter your payment details.
• Submit your payment and wait for confirmation that your payment has been accepted.

Once your payment has been accepted, you’ll receive a confirmation that your business name has been renewed for the selected period. It’s important to keep a copy of this confirmation for your records.

Confirm Your Renewal

Once you’ve paid the fee, you’ll receive confirmation that your business name has been renewed. It’s a good idea to keep a copy of this confirmation for your records. To confirm your renewal after selecting your renewal period and paying the renewal fee for your business name in Australia, you can follow these steps:

• Log in to ASIC Connect using your ASIC key or log in details.
• From the main dashboard, click on the ‘Lodgements & Notifications tab.
• Select ‘Business Names’ from the drop-down menu.
• Find the business name you renewed and check its status to ensure that it has been renewed successfully.
• If the status is ‘Renewed’, then your renewal has been successful.
• You may also receive an email from ASIC confirming the renewal of your business name.
• Keep a copy of the confirmation for your records.

It’s important to ensure that your business name is renewed before it expires to avoid it being cancelled and becoming available for others to register.

Conclusion

Renewing a business name in Australia is an important activity that every business owner should be aware of. The process entails checking your renewal date, logging in to ASIC Connect, selecting your business name, choosing your renewal period, paying the renewal fee, and confirming your renewal.

It’s crucial to renew your business name before it expires to avoid it being cancelled and becoming available for others to register. By following the actions provided in this chat, you should be able to quickly renew your business name and ensure that it remains registered.

Thinking of renewing a business name in Australia? Visit and navigate to this website now!