54Business name held during review period for cancellation decision

#### 54 Business name held during review period for cancellation decision (1) If ASIC cancels the registration of a business name to an entity: (a) the business name is held during the review period in relation to that decision; and (b) the entity does not commit an offence under subsection 18(1) if the entity carries on a business under the business name during the review period in relation to that decision. > Note: A defendant bears an evidential burden in relation to the matters in paragraph (1)(b): see subsection 13.3(3) of the Criminal Code. (2) The review period, in relation to a decision to cancel the registration of a business name to an entity, is: (a) a period of 4 months beginning on the day on which the entity is notified of the decision under section 52; or (b) if ASIC determines a longer period under subsection (3)—that longer period. (3) ASIC may determine in writing a longer review period. The determination is not a legislative instrument. (4) ASIC must give a copy of the determination to the entity.