If you’ve been in business for a while, you may have heard the terms trading names and business names used interchangeably. While they once meant similar things, there are now important legal differences—especially since changes introduced by the Australian Government in recent years.
In this article, we’ll explain what each term means, what’s still valid today, and how to properly register and use your business name in 2025.
What Is a Trading Name?
A trading name was an informal name businesses used in Australia prior to 2012 to identify themselves in the marketplace. These names were not officially registered through ASIC and had no legal status. They were often used by sole traders or partnerships without the need for formal registration.
For example, “Citywide Plumbing” may have been used as a trading name by someone operating as John Smith.
However, trading names are no longer recognised under Australian law as of 1 November 2023. Businesses must now register a business name with ASIC to legally operate under a name other than their own.
What Is a Business Name?
A business name is a name registered with the Australian Securities and Investments Commission (ASIC) that allows you to legally operate under a name other than your own or your company’s legal name.
Business names are recorded on the national Business Names Register and linked to your ABN (Australian Business Number). They are required by law for any sole trader, partnership or company trading under a non-legal name.
Example: If you run a company called Bright Ventures Pty Ltd and want to trade as Bright Landscaping, you must register Bright Landscaping as a business name.
Key Differences Between Trading Names and Business Names
| Feature | Trading Name | Business Name |
|---|---|---|
| Legal Status | No longer legally recognised (since 2023) | Legally registered with ASIC |
| Linked to ABN | No | Yes |
| National Registration | Not required (pre-2012) | Required via ASIC |
| Visible on Public Register | No | Yes |
| Current Usage | Phased out as of 1 Nov 2023 | Mandatory for non-legal names |
Do I Need to Replace My Trading Name?
If you previously operated under a trading name that was listed in the Australian Business Register (ABR), it would have been visible until 31 October 2023. As of 1 November 2023, all trading names were removed from the ABR.
If you are still operating under a trading name, you must register it as a business name with ASIC to remain compliant.
Business Name or Company Name?
It’s important to note that a business name is not the same as a company name. A company name is the legal name of a company registered with ASIC, and comes with its own obligations and legal protections.
You can register a business name as a sole trader, partnership, or company. Many companies operate multiple business names under the same legal entity.
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How to Register a Business Name
Registering a business name in Australia is simple and affordable. You will need:
- An active ABN (Australian Business Number)
- The business name you wish to register
- Your personal or company details
- ASIC registration fee
Fees (2025):
- $42 for 1 year
- $98 for 3 years
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Final Thoughts: Use the Right Name, the Right Way
Trading names are now a thing of the past in Australia. To operate legally and professionally, you need a registered business name through ASIC. Whether you’re a sole trader or growing company, registering the correct name sets you up for success—and compliance.
Need help? Taxopia offers expert, affordable services to register your business or company name quickly and correctly.