Glossary of terms

Glossary of Terms

Disclaimer: Terms in this glossary are provided for general information only and should not be taken as constituting professional advice from the website owner – the Australian Securities and Investments Commission (ASIC).


The words in brackets do not form part of the term. Where 'Business names' and/or 'SMSF auditors' appears in brackets alongside a term, this denotes the definition is only to be used in reference to the relevant register. These terms do not apply to any other ASIC services.

Viewing entries beginning with 'O'


A database containing fundraising offer documents lodged with ASIC under the Corporations Act 2001.

Official liquidator

A registered liquidator, who has been registered as an official liquidator with ASIC.

Online transaction (Business names/SMSF auditors)

Customers can transact with ASIC online using ASIC's web service, known as ASIC Connect, information brokers (for searching) and some commercial software packages.

Organisation (Business names)

For the purpose of business name legislation, an organisation is an incorporated body (without an ACN or ARBN), a trust, a superannuation fund or an unincorporated body.

Organisation representative (Business names)

A person who members of the public can contact about the business. Organisation representatives are a member of the governing body of the organisation - for example, the president, secretary or member of the committee of management of an association or other body. All notified organisation representatives can update details for the business name.

Other notifications (Business names)

Examples of ‘other notifications’ for business names include: 

  • request a review of an ASIC decision
  • request a business name application to be treated as refused; or 
  • request a correction to registry details.