Corporations Act 2001
A person may lodge an application in the prescribed form with ASIC to reserve a name for a company. If the name is available, ASIC must reserve it.
Note: For available names, see section 147 .
[ CCH Note: S 152(1) will be substituted by No 69 of 2020, s 3, Sch 1 [ 460] (effective 1 July 2026 or a day or days to be fixed by Proclamation). S 152(1) will read:
152(1)
A person may lodge an application with the Registrar to reserve a name for a company. If the name is available, the Registrar must reserve it.Note: For available names, see section 147 .
152(1A)
The application must meet any requirements of the data standards.]
152(2)
The reservation lasts for 2 months from the date when the application was lodged. An applicant may ask ASIC in writing for an extension of the reservation during a period that the name is reserved, and ASIC may extend the reservation for 2 months.
[ CCH Note: S 152(2) will be amended by No 69 of 2020, s 3, Sch 1[461] and [ 462], by substituting " the Registrar " for " ASIC " (wherever occurring) and inserting " The applicant ' s request must meet any requirements of the data standards. " at the end of subsection, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
152(3)
ASIC must cancel a reservation if the applicant asks ASIC in writing to do so.
[ CCH Note: S 152(3) will be amended by No 69 of 2020, s 3, Sch 1[463] - [ 465], by substituting " The Registrar " for " ASIC " (first occurring), " the Registrar " for " ASIC " (second occurring) and inserting " The applicant ' s request must meet any requirements of the data standards. " at the end of subsection, (effective 1 July 2026 or a day or days to be fixed by Proclamation).]
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