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 'T'

Transaction (Business names/SMSF auditors)

Services offered by ASIC in relation to the Business Names and SMSF auditors registers, including applications for registration, renewals, annual statements, requests to update business name and SMSF auditor details and other notifications. See also: Online transactions.

Transaction reference number

A confirmation number provided by ASIC once an online transaction has been received.

Transfer number (Business names)

ASIC cannot transfer a business name. However, in cancelling a business name, a request can be made by the business name holder or their agent, for a 'consent to transfer number'. This number is provided by the business name holder, to the new proposed business name holder, who must then provide the number to ASIC when applying to register the name. See: Consent to transfer number.

Transitional arrangements (SMSF auditors)

The arrangements that were available to existing approved auditors of SMSFs between 31 January and 30 June 2013.