AUSTRALIAN CAPITAL TERRITORY

BUSINESS NAMES ORDINANCE 1961

EXPLANATORY MEMORANDUM

No. 3 of 1961

	The purpose of this Ordinance is –

(a)	to enable a statement required by the Ordinance to be witnessed by any person, instead of only by certain limited classes of persons, as at present;

(b)	to require statements to be actually signed in the presence of the witness;

(c)	to clarify the requirements re witnessing a statement which is not signed by all the members of a firm; and

(d)	to restrict the use of certain names.

	The proposed provisions relating to names that may not be used follow closely the formula agreed upon by the Commonwealth and State Attorneys-General at recent uniform company law conferences and are introduced in the Business Names Ordinance to ensure consistency in this matter under the various Ordinances of the Territory.