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Business Names Registration (Transitional and Consequential Provisions) Bill 2011

Schedule 2 Consequential amendments

Part 1 Amendments commencing on change-over day

A New Tax System (Australian Business Number) Act 1999

1  Paragraph 26(3)(d)

Repeal the paragraph, substitute:

                     (d)  either:

                              (i)  any business name registered to the entity on the Business Names Register established and maintained under section 22 of the Business Names Registration Act 2011 ; or

                             (ii)  if a business name is not registered to the entity—a name used for business purposes by the entity that appeared in the entry relating to the entity in the * Australian Business Register immediately before Part 2 of the Business Names Registration Act 2011 commences;

ANL Act 1956

2  Section 51

Repeal the section.

3  Section 55

Repeal the section, substitute:

55   Registration on Business Names Register

                   This Part does not prevent a protected body from registering a name on the Business Names Register established and maintained under section 22 of the Business Names Registration Act 2011 .

Australian Securities and Investments Commission Act 2001

4  At the end of subsection 12A(1)

Add:

                   ; (k)  the Business Names Registration Act 2011 ;

                      (l)  the Business Names Registration (Transitional and Consequential Provisions) Act 2011 .

5  After subsection 127(3)

Insert:

          (3A)  Using or disclosing information in accordance with the consent of the person who provided the information is authorised use and disclosure of the information.

6  At the end of subsection 136(2)

Add:

                    ; (j)  information about the operation of the Business Names Registration Act 2011 including:

                              (i)  details of the level of access to the Business Names Register using the internet and other facilities; and

                             (ii)  the timeliness with which ASIC carries out its duties, functions and powers under the Act; and

                            (iii)  the cost of registration of a business name under the Act.

7  At the end of section 136

Add:

Annual report to be sent to the Attorney-General of each State and Territory

             (4)  The Minister must cause a copy of each annual report to be sent to the Attorney-General of each State and Territory as soon as practical after the Minister receives the report.

Bank Integration Act 1991

8  Paragraph 18(2)(b)

Omit “under a law or a State or Territory”, substitute “on the Business Names Register established and maintained under section 22 of the Business Names Registration Act 2011 ”.

9  Subsection 18(3)

Repeal the subsection.

Corporations (Aboriginal and Torres Strait Islander) Act 2006

10  Paragraph 85-5(1)(b)

Omit “included on the national business names register”, substitute “held or registered on the Business Names Register”.

11  Subparagraph 85-5(2)(a)(v)

Omit “included on the national business names register”, substitute “held or registered on Business Names Register”.

12  Section 700-1

Insert:

Business Names Register means the Register established and maintained under section 22 of the Business Names Registration Act 2011.

13  Section 700-1 (definition of national business names register )

Repeal the definition.

Corporations Act 2001

14  Section 9

Insert:

Business Names Register means the Register established and maintained under section 22 of the Business Names Registration Act 2011.

15  Section 9 (definition of national business names register )

Repeal the definition.

16  Paragraph 147(1)(b)

Omit “included on the national business names register”, substitute “held or registered on the Business Names Register”.

17  Subsection 147(5)

Repeal the subsection.

18  Paragraph 324BB(6)(a)

Omit “under a law of a State or Territory relating to the registration of business names”, substitute “on the Business Names Register”.

19  Paragraph 601DC(1)(b)

Omit “included on the national business names register”, substitute “held or registered on the Business Names Register”.

20  Subsection 601DD(3)

Omit “the use of that name is authorised by a law of that State or Territory that deals with business names”, substitute “the name is registered to the body on the Business Names Register” .

Defence Service Homes Act 1918

21  Paragraph 50A(2)(d)

Repeal the paragraph, substitute:

                     (d)  uses as a business name (within the meaning of the Business Names Registration Act 2011 ) or part of a business name;

Financial Transaction Reports Act 1988

22  Subsection 3(1) (subparagraph (c)(iv) of the definition of account information )

Repeal the subparagraph, substitute:

                    (iv)  if the account is held in a business name registered on the Business Names Register—that fact and a copy of the entry in the Business Names Register obtained under section 60 of the Business Names Registration Act 2011 relating to the business name and containing the details referred to in paragraphs 33(1)(a), (b), (d) and (e) of that Act (identification details, business name, address for service and period of registration);

                  (iva)  if the account is held in a business name of which registration on the Business Names Register has been applied for but not yet obtained—that fact and a copy of the application;

23  Subsection 3(1)

Insert:

Business Names Register means the Register established and maintained under section 22 of the Business Names Registration Act 2011.

Olympic Insignia Protection Act 1987

24  Subsection 71(5)

Repeal the subsection, substitute:

             (5)  This Chapter does not apply to the use of a business name in connection with a business if:

                     (a)  the name was registered under a law of a State or Territory relating to business names immediately before 20 September 2001 in relation to the business; and

                     (b)  the name is registered in relation to the business under a law of the Commonwealth or a State or Territory relating to business names.

Qantas Sale Act 1992

25  Subsection 7(7) (definition of registered business name )

After “under a law of a State or Territory that relates to the registration of business names”, substitute “on the Business Names Register established and maintained under section 22 of the Business Names Registration Act 2011 ”.

Wine Australia Corporation Act 1980

26  Paragraphs 40DB(4)(c) and 40FB(3)(c)

After “Territory”, insert “or on the Business Names Register established and maintained under section 22 of the Business Names Registration Act 2011 ”.



 

Part 2 Amendment commencing on first anniversary of change-over day

A New Tax System (Australian Business Number) Act 1999

27  Paragraph 26(3)(d)

Repeal the paragraph, substitute:

                     (d)  any business name registered to the entity on the Business Names Register established and maintained under section 22 of the Business Names Registration Act 2011 ;

 

(150/11)