Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 920C

Effect of banning orders

             (1)  A person against whom a banning order is made cannot be granted an Australian financial services licence contrary to the banning order.

             (2)  A person against whom a banning order is made must not engage in conduct in breach of the banning order.

Fault-based offence

             (3)  A person commits an offence if the person contravenes subsection (2).

Civil liability

             (4)  A person contravenes this subsection if the person contravenes subsection (2).

Note:          This subsection is a civil penalty provision (see section 1317E).



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