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 'R'

Register of Approved SMSF Auditors

A register of all auditors approved to conduct audits of self-managed superannuation funds.


Register of banned bodies corporate

A register of bodies corporate that are banned from engaging in credit activities by an Australian state or territory or under the National Consumer Credit Protection Act 2009.


Register of Disqualified SMSF Auditors

A register of auditors that have been disqualified from conducting audits on self-managed superannuation funds.


Register of trustees for debenture holders

A register of information required to be provided by the issuers of debentures relating to the appointment of trustees.


Register of unlicensed carried over instrument lenders

A register of all unlicensed carried over instrument lenders notified to ASIC, including any unprescribed unlicensed carried over instrument lenders.


Registered agent

Acts as an intermediary between ASIC and Australian companies, to help companies meet their lodgement obligations.


Registered agent (Business names)

A type of agent who may be authorised by a business name holder to act on their behalf. All agents must be authorised, sign up for an ASIC Connect account and link business names to their account using the ASIC key. For business names, there is no need to sign up separately with ASIC as a registered agent (companies) or to have an ASIC agent number.


Registered company auditor

An individual or body corporate, other than a company, that is registered to conduct company audits.

See also: Authorised audit company


Registered company auditor number

A unique number given to all registered company auditors and authorised audit companies once registered with ASIC.


Registered liquidator

A person appointed by a company to wind up the affairs of the company. Registered liquidators are registered by ASIC.


Registered office address

An address that Australian companies, registered foreign companies and registered Australian bodies must provide for the receipt of communications and notices.


Registered status

An organisation that is currently registered by ASIC or another government organisation and is listed on ASIC's registers.


Registration fee (Business names)

The fee that must be paid to ASIC when registering a business name.


Registration holder

An individual or organisation that holds a registration with ASIC (e.g., an SMSF auditor or business name holder).


Registration period (Business names)

This is the length of time (1 or 3 years) for which a business name holder chooses to register a business name.


Registration renewal date (Business names)

The date by which a business name registration must be renewed. This is dependent on the renewal period chosen during registration or renewal - either 1 or 3 years - and on whether the business name holder aligned their registration period.


Registration renewal fee (Business names)

The fee that must be paid to ASIC prior to renewing a business name.


Relational company extract

See Roles and relationships extract.


Renewal notice (Business names)

This is a message ASIC sends to a business name holder advising that their registration is due for renewal.


Reserved name

A name that has been reserved for the purposes of registration by a particular organisation.


Restricted word (Business names)

A word that cannot be used in a business name without obtaining Ministerial or other authorised consent (e.g. the use of the word ‘banker’ requires approval from the Australian Prudential Regulation Authority (APRA)). Restricted words are set out in the Business Names Registration (Availbility of Names) Determination 2012.


Reviewable decision (Business names)

A decision of which a business name holder or other relevant entity can request a review. These include a previous decision to register, refuse to register, or cancel a business name. The request to review must be raised by the entity subject to the decision, or in the case of a precious decision to register to an entity, by another entity to whom there is a real risk of substantial detriment.


Rights to register (Business names)

The rights to registration of two or more identical or nearly identical business name applications as determined by the order in which each application is lodged.


Roles and relationships extract

An extract of the roles and relationships that a company has with other companies, organisations and corporations.