How to renew your business name


ASIC Connect is the online system used to
manage your business name. You can use ASIC Connect to renew your business name, as long
as you’ve already received your business name renewal notice. You can renew for a 1 or 3 year period, and
you can pay online with a credit card, by BPAY or request an invoice. A record of registration
will be issued to the business email address after payment has been processed. Before you can start, you must have received
your renewal notice. This notice is sent out in advance of the renewal due date and provides
information on the renewal process. The notice will be sent by email if you’ve
provided us with a business email address, or by post to your address for service of
documents. To get started, you’ll first need to visit
our website at www.asic.gov.au. If you only want to renew your business name, and don’t
need to update any details on your account, you should use the Pay now service. But, if you need to update any details on
your account, you should use the ASIC connect option. In this tutorial, we’ll use ASIC
Connect. In the top-right corner of the page you’ll
see the ASIC Connect box. Simply select Log in/Sign up to go to the ASIC Connect part
of the website. You are now at the ASIC Connect Welcome page.
In the blue ASIC Connect box, you can log in with a username and password, sign up,
or enter an AUSkey to log in. If you don’t yet have an account, select
Sign up and follow the prompts. You can also refer to our user guide How to sign up for
an ASIC Connect account for guidance. In
order to renew your business name through
ASIC Connect, your business must be linked to your account. If you haven’t already linked your business
to your account, it’s a simple process. Under the Do It Now menu on the right-hand
side of the page, select Link a business/Request ASIC key and follow the prompts. You can work
through the How to link a business to your ASIC Connect account tutorial for guidance. To renew your business name, you first need
to select the Lodgements and Notifications tab from the menu bar at the top of the screen. On the next page, you’ll see a list of the
businesses that are linked to your account. Select the business name you’d like to renew.
In the transactions column, you can then use the drop-down to select Renew business name. To continue, select Go. Next you’ll be asked your preferred renewal
period – either 1 year or 3 years. Select the appropriate radio button and then select
Next. Before you submit your renewal request, you
will be asked to review the details. At this point, you can select Back to return
to the previous screen and amend the details, Save and Exit if you would like to save the
renewal details but not submit the final request, or Submit to continue. The final step before payment is to declare
your agreement with the conditions of the transaction. Read the declaration carefully and, if you
agree, tick the boxes to confirm your agreement. Under Authority, select the relevant option. When you’re done, select the Next button
to proceed to payment. There are various options for paying the fee
for registering a business name. You can choose to pay now by credit card, or pay later by
BPAY or invoice. First let’s look at the option to pay now
by credit card, then we’ll return to this screen to look at how to pay later. To pay now, you‘ll need to select the Pay
Now radio button at the bottom of the screen and then select the Pay Now button. On the next page, you can enter your Card
Number, Expiry Date and CVV number. Then to process the payment, select Submit. If the payment is successful, your payment
receipt will be displayed. Make sure you don’t close the browser window at this point, because
you need to return to ASIC Connect to finalise the transaction. Instead, select the Close
button within the Pay Now window. Now, let’s look at how to pay later. When you select the Pay later radio button
at the bottom of the screen, you will be able to choose either BPAY or Invoice. If you select Invoice, the invoice will be
sent to the email address you provided. If you select BPAY, you’ll need to print or
make a note of the BPAY details, so that you can process your payment through your bank. To confirm, you will select Pay Later. Once you have chosen a payment method and
completed the appropriate steps, you’ll be taken to a final confirmation screen. Here
you can: •Select Print the transaction to download
a printable PDF version of the transaction •Select one of the links under What else
can I do? for more information about other services or
•Select Home to return to the ASIC Connect Home page. You should now know the basic steps involved
in renewing your business name. Further assistance using ASIC Connect can
be accessed be selecting the Help button at the top-right of the screen. You can also
take a look at any of the other helpful tutorials available.

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