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Not knowing Victoria, but I imagine it’s much the same operating principle anyway.

In basic terms (not being a legal type, just an observer) it all comes down to an “identity”. If you register a business name it’s not the name that is the identity, it’s you. ABN No.s work that way, you have a number even though you may have more than one business name that you trade under. I have 2 business names but I am the identity behind them both and they operate under the one ABN.

The only way to change that is with a registered company (or similar), which then becomes the identity legally and for tax purposes. It can have trading names under it or be linked to another company with it’s own ABN and legal identity.