(1) ASIC must cancel the registration of a business name to an entity if a Ministerial determination in relation to the availability of the business name to the entity made under subsection 27(2) is revoked.
(2) ASIC must, at least 28 days before cancelling the registration, give notice in writing to the entity informing the entity that:
(a) the determination in relation to the availability of the business name to the entity made under subsection 27(2) has been revoked; and
(b) ASIC proposes to cancel the registration of the business name on that basis.