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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 830

Nature of banning order

(1) Where this Division empowers ASIC to make a banning order against a person, ASIC may, by written order, prohibit the person:

in any case—permanently; or

except where ASIC is empowered by virtue of paragraph 828(c) or 829(e) to make the order—for a specified period;

from doing an act as:

a representative of a dealer; or

a representative of an investment adviser; or

a representative of a dealer or of an investment adviser;

whichever the order specifies.

(2) ASIC must not vary or revoke a banning order except under section 831, 832, or 833.

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