Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1195

Exceptions to banning order

(1) An order made against a person under subsection 1194(1) may include a provision that permits the person, subject to such conditions (if any) as are specified, to do, or to do in specified circumstances, specified acts that the order would otherwise prohibit the person from doing. (2) Subject to section 1200, ASIC may, at any time, by written order, vary a banning order against a person:

by adding a provision that permits the person as mentioned in subsection (1); or

by varying such a provision in relation to conditions, circumstances or acts specified in the provision; or

by omitting such a provision and substituting another such provision; or

by omitting such a provision.

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