Checking a business is genuine

Summary

Australian Competition and Consumer Commission provides guidelines on how to check whether a company or business is genuine.

• Australian business names must be registered with the Australian Securities and Investments Commission (ASIC).
• You can also check an Australian Company Number (ACN). 
• Individuals doing business will usually have an Australian Business Number (ABN)
• Check whether the business is a member of a business association.
• For smaller businesses, look for reviews online.
• Finally, always remember the saying caveat emptor,  let the buyer beware.

References

Recent Runway Posts related to this topic:

• USAGOV: Common Scams and Frauds - The Runway (airforce.gov.au)
• The rise of predatory scams—and how to prevent them - The Runway (airforce.gov.au)

References from the Web :

• NOV 2021  5 Ways to Check if a Company Is Genuine -  Linked-In
• FEB 2022  How to identify a genuine business (and avoid the dodgy ones) – Finder X

Source Information:

• Article Source:   Australian Competition and Consumer Commission
• Media Check:  accc about us (no media bias fact check)
• RAAF RUNWAY: RATIONALE, GUIDELINES, LEARNING OUTCOMES, ETC | The Runway (airforce.gov.au)