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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