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Glossary of terms - S

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 appears in brackets alongside a term, this denotes the definition is only to be used in reference to the Business Name Register. These terms do not apply to any other ASIC services.

 

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Satisfied charge

A registered charge that has been satisfied.

Searching the Business Names Register

Includes using ASIC's online service to view or obtain copies of entries in the Business Names Register, including checking the availability of a business name. For all options for searching the Business Names Register refer to our compare free and paid information page.  <link to free and paid search comparison page on ASIC Connect>. 

Securities dealer

A person who was licensed by ASIC to deal in securities. This is a role that existed prior to the financial services reform in 2002 and no longer exists.

Securities representative

A person who was authorised by a licensed securities dealer or licensed investment adviser to carry on a securities business on behalf of the dealer or adviser. This is a role that existed prior to the financial services reform 2002 and no longer exists.

Shareholder (member)

See: Member.

Sign up to ASIC Connect (business names)

To use ASIC Connect, and transact online, an individual must 'sign-up' to create a user account. This is a one-off process. See also: User account. 

Standard business reporting (SBR)

An initiative to streamline business to government reporting through special purpose software.

Strike-off action in progress

Refers to an ASIC registered organisation that is in the process of being deregistered.

State/territory (business names)

A business name registered under an Australian state or territory's legislation prior to 28 May 2012.

State/territory business name number

An identifying number allocated to a business name registered by a previous business names regulator in a particular Australian state or territory of Australia, prior to 28 May 2012.

State/territory business names regulator

The government agency of an Australian state or territory that previously administered business names legislation in that Australian state or territory. For example, Consumer Affairs Victoria.

Submitted transaction

A transaction that has been submitted online to ASIC.

Suppression of details (business names)

ASIC may suppress certain details (on the Business Names Register) from a search extract or fee details through the internet to prevent it from being available for the public to search. ASIC may suppress certain details if a request is lodged that for example, may include when ASIC is satisfied that there is risk to personal safety or endangerment of life to an individual, their family or individuals in their place of business.

Summary prosecutions of companies and directors

A list of individuals and companies ASIC has prosecuted for a variety of alleged breaches since July 2002.