$args
is an array, not an object:
function test( $taxonomy, $object_type, $args ) {
echo $args['name'];
}
add_action( 'registered_taxonomy', 'test', 10, 3 );
EDIT
Using the create_term
action:
function my_create( $term_id, $tt_id, $taxonomy ){
$term = get_term( $term_id, $taxonomy );
echo $term->name;
}
add_action( 'create_term', 'my_create', 10, 3 );