Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 831

Exceptions to banning order

(1) An order made against a person under subsection 830(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 837, 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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