(1) To avoid doubt, the relief that a court may grant in an action for an infringement of a registered trade mark includes an order that the registration of a business name to an entity must be cancelled.
(2) ASIC must cancel the registration of the business name to the entity if:
(a) a copy of the court's order is lodged with ASIC; and
(b) ASIC is satisfied, within a reasonable period after the order is lodged, that:
(i) no application for the stay of the order is pending; and
(ii) no appeal of the order is pending; and
(iii) the order is not stayed; and
(iv) the order has not been overturned on appeal.
(3) Nothing in this section limits any orders that a court may make (in an action for an infringement of trade mark or otherwise) in relation to the registration of a business name, or ASIC's obligations under such orders.