Some words and expressions are ‘restricted’ because their use in a business name could, for example, mislead consumers. Abbreviations of restricted words and expressions, or words and expressions that have the same or a similar meaning, are also restricted.
ASIC restricts words such as "Trustee" or "Bank" being used in Company names.
You can however, apply for approval from the relevant authority to use a restricted word in a Company name, and only once written approval is received, you can proceed with the registration.
These Company registrations applications must include a copy of APRA's written approval, and therefore the registration must be completed directly with ASIC, rather than via the NowInfinity platform.
Click here for more information on restricted words, and how to apply for approval.