Section 853N — Corporations Act 2001: What a financial market infrastructure banning order prohibits

(1) An FMI banning order made against an individual may specify that the individual is prohibited from doing one or more of the following: (a) controlling, whether alone or in concert with one or more other entities, an FMI licensee; (b) performing any functions of a core officer of an FMI licensee; (c) performing specified functions of a core officer of an FMI licensee. (2) An FMI banning order may specify that a particular prohibition specified in the order applies against the individual: (a) for a specified period; or (b) permanently. Note: This subsection applies separately to each prohibition specified in the order. (3) A FMI banning order may include a provision allowing the individual against whom it was made, subject to any specified conditions: (a) to do specified acts; or (b) to do specified acts in specified circumstances; that the order would otherwise prohibit them from doing.