(1)  The Supreme Court may, on the application of the prescribed authority, make an order disqualifying a person from managing a corporation that is an incorporated legal practice for the period the Court considers appropriate if satisfied that –

(a) the person is a person who could be disqualified under section 206C, 206D, 206E or 206F of the Corporations Act 2001 of the Commonwealth from managing corporations; and

(b) the disqualification is justified.

(2)  The Supreme Court may, on the application of a person subject to a disqualification order under this section, revoke the order.

(3)  A disqualification order made under this section has effect for the purposes only of this Act and does not affect the application or operation of the Corporations Act 2001 of the Commonwealth.

(4)  The regulations may make provision for or with respect to the publication and notification of orders made under this section.

(5)  A person who is disqualified from managing a corporation under provisions of a corresponding law that correspond to this section is taken to be disqualified from managing a corporation under this section.