Key differences between agents (for business names) and registered agents (for companies)
We currently have registered agents who interact with us in relation to the companies register. The registered agent model will not apply for business names until 2013, at which point the agent (business names) and registered agent (companies) models will be brought closer together. We will provide more information on how this will occur in late 2012.
Key points to note:
Agents for business names must be individual people and may be employees of firms. Firms and organisations cannot themselves be agents.
A business name holder may authorise a business/firm to act as their agent, and they in turn may authorise several employees to each act as an agent for a business name holder.
Agents for business names do not need to be an ASIC registered agent or use their registered agent number.
There can be multiple agents linked to a single business name (for companies, only one registered agent can be appointed).
Agents must agree to the terms of ASIC's electronic lodgement protocol, must be authorised to transact on behalf of business names holders and must not submit false or misleading information.