(1) The Supreme Court may, on the application of the law society council, make an order disqualifying a person from managing a corporation that is an incorporated legal practice for the period the court considers appropriate if satisfied that—
(a) the person is a person who could be disqualified under a relevant Corporations Act
provision from managing corporations; and
(b) the disqualification is justified.
(2) In subsection (1):
"relevant Corporations Act provision "means any of the following provisions of the Corporations Act
:
• section 206C (Court power of disqualification—contravention of civil penalty provision)
• section 206D (Court power of disqualification—insolvency and non-payment of debts)
• section 206E (Court power of disqualification—repeated contraventions of Act)
• section 206F (ASIC's power of disqualification).
(3) On the application of a person subject to a disqualification order under this section, the Supreme Court may revoke the order.
(4) A disqualification order made under this section has effect for this Act only and does not affect the application or operation of the Corporations Act
.
(5) A regulation may make provision in relation to the publication and notification of orders made under this section.
(6) A person who is disqualified from managing a corporation under provisions of a corresponding law that correspond to this section is taken to be disqualified from managing a corporation under this section.