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Business wiki · Compliance essentials

Acknowledgement

Evidence a system received a submission; it is not always an approval on the merits.

Search terms: acknowledgment filing receipt ARN

A business example

A business submits a licence application and immediately receives a portal reference.

Follow the exampleFictional business scenario
  1. Submission received

    The reference confirms the system received the application.

  2. Review continues

    The authority may ask questions or require further material.

  3. Decision recorded

    The later approval, rejection or other order establishes the outcome.

What this shows

The first receipt does not establish permission to start the activity. Track the decision as well as the submission reference.

What it is often confused with

Receipt of an application is not the same as approval of that application.

What to look at in your business

Track subsequent queries and the eventual order or permission.

Context and further reading

This entry explains the business term. The related guide below provides the next layer of context; any applicable legal test depends on the transaction and relevant period.

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Related terms

Applicability

Whether a particular rule applies to the actual entity, activity, period and jurisdiction.

Effective date

The date a provision, decision or arrangement begins to operate; distinguish it from publication or filing dates.

Statutory register

A register maintained because an applicable law requires specified information to be recorded.