(1) This section applies if, before the change-over day—
(a) an application for registration of a business name is made under the existing Act; and
(b) the chief executive gives ASIC a notice under the Commonwealth Transitional Act, schedule 1, item 4 that the business name is to be held.
(2) Section 5 of the existing Act continues to apply in relation to the business name.
(3) Subsection (2) applies for the period—
(a) starting on the change-over day; and
(b) ending when the business name is registered, or ASIC ceases to hold the business name, under the Commonwealth Transitional Act.