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CruzAccountant
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If the entity is a company, then you can register the company name. Here’s an extract from the ASIC site:

What if someone else has used my company name while my company was deregistered?

When a company is deregistered, an application for registration of another company with the same name as the deregistered company is permitted. We are only required to ensure that no registered company has the same name as the new company applying for registration.

http://www.asic.gov.au/asic/ASIC.NSF/byHeadline/Reinstatement%20of%20companies