From: Patrick Corliss <patrick§quad.net.au>
Date: Fri, 7 Apr 2000 19:24:22 +1000
To prevent profit-making on domain names, transfers are not permitted.
Where a person wishes to discontinue the use of a domain name, that name is
to be released and made available generally.

As a courtesy, a person who lodges an "expressions of interest" in a domain
name may be advised that the domain name is about to be released.

The rule about transfers is quite clearly a nonsense and easily overcome as
INWW admits.  Let us say that a domain name is owned by a registered
company.  And that company has no other assets or liabilities.  Well then,
in the words of Victor Kiam, the Remington shaver man, "I liked the shaver
so much I just bought the company".  Neat trick.

And I can advertise the fact.  No rule is broken.  "Company for sale.
Assets include the valuable domain name NEATIDEA.COM.AU.  Bargain price only
$10,000."  Of course that pays for the registration cost of the shelf
company, say $950 the last time I checked.

Worse than that, though, is INWW's inability to understand the law.  Their
application of the rules treats a Business Name as a legal entity (which it
is not).  As you may know, a Business Name is registered by a person with
legal rights and obligations (natural person, company etc.).

But INWW allows the transfer of a domain name provided the same Business
Name is used.  So I just buy the Business Name which is easy as the Business
Name was probably set up to register the domain name in the first place.

Patrick Corliss
QUAD Quality Addressing Pty Ltd
Tel: 02-9740-9200
Received on Fri Apr 07 2000 - 17:23:33 UTC

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