Removal of Trading Names from 1 November 2023

From 1 November 2023, trading names will be phased out in Australia and businesses operating solely with a trading name will no longer be able to use it. Instead, they will need to register a business name.

 So, what is the difference between a trading and business name?

A trading name is an unregistered name that a business could previously use and create when they originally applied for their Australian Business Number (ABN) whereas business names, are names that a business operates under and must be registered through the Australian Securities and Investments Commission (ASIC).

 What do you need to do?

If you’re currently still operating under a Trading name, you will need to look at registering this as a business name through ASIC. Please note that if your business operates under its own entity name, you do not need to register a business name.

 If you have any questions, or would like our team to assist you, please contact our office to discuss and we can assist you with this process.