(1) If:
(a) a business name is registered to an entity that is an individual; and
(b) the individual dies; and
(c) one of the following is granted to a person (the legal personal representative ):
(i) probate of the will of the deceased;
(ii) letters of administration of the estate of the deceased;
(iii) any other similar grant;
the legal personal representative must lodge with ASIC notice of the grant within 28 days after the grant is made.
(2) The notice:
(a) must be in the prescribed form; and
(b) must be lodged in the prescribed manner.
(3) If ASIC receives notice under this section:
(a) ASIC must (if it has not already done so) register the Business Name to the estate of the deceased; and
(b) enter the details of the legal personal representative on the Business Names Register.