Oh I am confused about that comment sorry - so it's OK for me to register a domain name of someone else's business, and just have it sit there with nothing on it until I decide what I want to do with it and it is not called squatting as long as I am not actually representing the business in which the name belongs to?
Nina
Lots of people get confused Nina, so don't feel alone.
There are many factors to consider; and there are a few different areas of auDA policy.
But for the purpose of this exercise, let's assume that any domain name you want to register (or you already have) is going to have a site built on it - or you are going to park it. And whichever option you choose you are going to run adsense or affiliate advertising. In other words you are going to "monetize" the domain.
This then falls under
auDA's Domain Monetisation Policy (2008-10)
Have a read of it - it's not long. Here are the key points:
4.3 In addition to their obligations under auDA Published Policies and the Registrant Agreement (domain name licence), domainers must comply with the following conditions of use:
a) the content on a monetised website must be related specifically and predominantly to the domain name; and
b) the domain name must not be, or incorporate,
an entity name, personal name or brand name in existence at the time the domain name was registered.
4.6 The condition in paragraph 4.3b) is intended to ensure that domain monetisation is not used as a cover for cybersquatting or other misleading or fraudulent activity. In determining whether a domainer is in breach of paragraph 4.3b), auDA will take into account whether the domain name is a generic word or may have an alternative meaning which is not related to a specific entity, person or brand.
So Nina, I hope this sort of answers your questions.
Obviously there are still loopholes like domain names comprising "generic words".
My simple answer is that if you register a domain name that is
identical to an existing business name or company or brand, then you are asking for trouble. The only possible exceptions are generic words; or if you have a similar business that offers you a "close and substantial" connection and which you will feel comfortable fending off any challenges.
Cheers, Ned