How to transfer a business name

Download the full user guide (including screenshots) as a PDF (1.2MB)

ASIC Connect is the online system used to manage your business name. 

You can transfer a business name to a new holder from your ASIC Connect account. 

Check your business email address is up to date before starting this transaction. If this is incorrect or an email address has not been provided, you can update your business name address details. 

You must give the transfer number to the new business name owner. They will need this to register the business name in their name. 

Further assistance about using ASIC Connect can be accessed via the Help button at the top right-hand side of the screen. 

Get started

To get started, visit the ASIC website at www.asic.gov.au.

  • Click on the blue ASIC Connect box. This will take you to ASIC Connect.

Log in

Go to ASIC Connect and select 'Log in'. 

  • If you do not have an ASIC Connect account select 'Sign up'.

You can also choose to log in with an AUSkey.

  • Log in using your email address and password.

If you haven't already done so, you will need to link your business name to your account. For assistance with linking see our How to link a business name to your ASIC Connect account user guide. 

  • If you do not have an ASIC Connect account select 'Sign up'.

You can refer to our user guide How to sign up for an ASIC Connect account

How to transfer a business name

Select the 'Lodgements & Notifications' tab at the top of the screen.

  • Select the radio button next to the business name you wish to transfer.
  • In the transactions column, select 'Cancel/Transfer Business Name'.
  • Select 'Go' to continue.

Select the option to indicate you would like to transfer the business name to another holder. 

  • Select 'Next' to continue. 

Review

Check that the information displayed is correct.

  • Select 'Submit' to continue.

Declare

Read the declaration to ensure you agree with the conditions of the transaction.

  • If you agree, tick the boxes next to the declaration to proceed.
  • Select your authority for submitting the transaction.
  • Select 'Next' to continue.

Confirmation

This screen confirms your transaction has been submitted. 

  • Select 'Print the transaction' to download a printable PDF version of the transaction.
  • Select one of the links under What else can I do for more information about other services or
  • Select 'Home' to return to the ASIC Connect home page. 

What to do next

After completing this transaction, a transfer number will be sent to the business email address. 

If no email is recorded, we will send the transfer number to the address for service of documents. 

  • This is the transfer number. You will need to provide this to the new business name owner so they can register the business name. 

Additional business name owners (including partners and any other representatives recorded on the Business Name Register) will also receive notification of the business name transfer. 

What is an ASIC key?

Your ASIC key is a unique number used in ASIC Connect that helps us establish your identity and protects your business information by making sure only you and those you have authorised can access it.

Learn more about ASIC keys

What is an AUSkey?

AUSkey is a single key to access government online services. In the future, you may no longer need different user IDs and passwords as AUSkey becomes accepted by more government agencies for their online services.

Learn more about AUSkeys

What is a corporate key?

A corporate key is an 8-digit number uniquely associated with a company’s ACN. Your company needs only one corporate key.

Learn more about corporate keys

What is an invitation key?

An invitation key is a unique key to register for, or connect to an entity in, the ASIC Regulatory Portal.

Learn more about invitation keys 

What is an industry funding security key?

Your industry funding security key is a unique number used to launch an online transaction in the ASIC Regulatory Portal that will enable us to calculate your final industry funding invoice. You will be prompted to submit business activity metric information on the operation of your business in the previous financial year.

Learn more about industry funding security keys

Last updated: 19/07/2017 11:55