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.