Business Compliance
Business Name Renewal
Prepare for business name renewal by checking holder details, renewal windows, payment records, and contact details.
Overview
Business Name Renewal explained
Business name renewal is the step of paying to extend your registered business name with ASIC before it expires, for another one or three year period. It is the single most important thing you can do to keep your name, because a name that is not renewed can be cancelled and lost.
ASIC sends a renewal notice ahead of the expiry date, usually to the email on file, so an out-of-date contact address is one of the most common reasons owners miss it. The window to renew is finite, and acting early removes the risk.
Cockatoo helps you see your renewal date well in advance, confirm your holder and contact details are correct, and keep records of what you have paid. We do not process the renewal itself, but we make sure you are never caught off guard by the date.
What to check
Key points
- Renewal extends your name for another one or three year cycle with ASIC.
- ASIC issues a renewal notice before expiry, so your contact email must be current.
- Missing the renewal window can lead to cancellation and loss of the name.
- Confirming holder details before renewing avoids errors at the last minute.
Before you start
What you'll need
- Your business name and its exact expiry date.
- The renewal period you want, one year or three.
- Current holder details matching ASIC's record.
- A monitored email address where ASIC's renewal notice will arrive.
- A payment method ready before the deadline.
- Records of previous renewals for your own files.
Process
How it works
- Check your business name's expiry date well in advance.
- Confirm your contact email is current so the notice reaches you.
- Verify your holder details match ASIC's record.
- Renew for one or three years before the deadline and pay the fee.
- Save your renewal confirmation and note the next due date.
Avoid these
Common mistakes
- Relying on a renewal notice that is sent to an old email address.
- Leaving renewal to the final days and risking a missed payment.
- Not noticing the holder details on file are out of date.
- Forgetting to record the new expiry date after renewing.
Common questions
Business Name Renewal FAQs
When should I handle my business name renewal?
Handle your business name renewal in the weeks before it expires, once ASIC issues its renewal notice. Acting early gives you time to fix any detail problems and avoid losing the name to a missed deadline.
How will I know my renewal is due?
ASIC sends a renewal notice to the email address on file before the expiry date. If that address is out of date you may never see it, which is why Cockatoo helps you track the date independently.
Can I renew for one year or three years?
You can choose either a one year or three year renewal, just as at first registration. A three year cycle means fewer renewals to remember, while a one year cycle keeps your commitment shorter.
What if I miss the renewal date?
If you miss it, the name can be cancelled and may become available for others to register. There is no guarantee of recovering it, so renewing on time is far safer than trying to fix a lapse afterwards.
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