New South Wales Consolidated Acts

BUSINESS NAMES ACT 2002 - SECT 12

12 Notification of persons ceasing to carry on business under registered business name

(1) Within one month after a person ceases to carry on business in New South Wales under a registered business name, notice of that fact is to be given to the Director-General.

(2) If notice is not given in accordance with subsection (1), each person in whose name the business name is registered is guilty of an offence.

Maximum penalty:

(a) for a first offence, 20 penalty units, and

(b) for a second or subsequent offence, 20 penalty units plus 0.5 penalty units for each day for which the offence continues.