Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If ASIC cancels the registration of a business name to an entity:
(a) the business name is held during the review period in relation to that decision; and
(b) the entity does not commit an offence under subsection 18(1) if the entity carries on a business under the business name during the review period in relation to that decision.
Note: A defendant bears an evidential burden in relation to the matters in paragraph (1)(b): see subsection 13.3(3) of the Criminal Code .
(2) The review period , in relation to a decision to cancel the registration of a business name to an entity, is:
(a) a period of 4 months beginning on the day on which the entity is notified of the decision under section 52; or
(b) if ASIC determines a longer period under subsection (3)--that longer period.
(3) ASIC may determine in writing a longer review period. The determination is not a legislative instrument.
(4) ASIC must give a copy of the determination to the entity.