8Details of notified successor that may be included in Register

8 Details of notified successor that may be included in Register

For subsection 40(4) of the Act, the following details are prescribed: (a) the contact details of the notified successor; (b) any alternative contact details provided by the notified successor; (c) the way in which the notified successor is expected to inherit assets used by a deceased person in carrying on a business under the business name; (d) the relationship of the notified successor to the deceased person; (e) the date and place of birth of the notified successor if the notified successor is an entity that is an individual; (f) the notified successor’s ABN, if any.

Note: Subsection 40(4) of the Act provides that ASIC may enter the name of an entity as a notified successor in relation to a business name, and other prescribed details, if the entity lodges a notice with ASIC in accordance with subsections 40(1) and (2) of the Act.