auDA releases new Transfers policy

auDA has released the new Transfers (Change of Registrant) Policy (2011-03) to replace the previous transfers policy, following recommendations of the Secondary Market Working Group review.

The new policy eliminates the ‘6 month rule’ which prevented the sale of a newly registered domain name until the expiration of 6 months from the date of registration.

While the new policy removes the ‘6 month rule’, the policy maintains the restriction that a Registrant may not register a domain name for the sole purpose of resale or transfer.

The new policy also, now formally recognises on online paperless domain transfer process offered by some Registrars such as Drop.com.au.