39Notifying ASIC of appointment of a legal personal representative

39 Notifying ASIC of appointment of a legal personal representative

(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.